Beth Cox

In a move possibly calculated to reap minimal exposure, troubled Homestore.com Inc. put out a release well after business hours last night, announcing “additional disciplinary actions related to the previously announced internal accounting inquiry.” In a terse release, issued at 9:46 p.m., Homestore said it has terminated, or accepted resignations from seven employees, including three […]

Showing that the travel sector is still strong despite the ticketing slowdown last fall, online travel operation Travelocity.com Inc. posted pro forma income of 9 cents per share for its fourth quarter on gross travel bookings of $630.2 million. The effects of the Sept. 11 tragedy and subsequent downturn in travel shows clearly when fourth […]

Web measurement company comScore Networks Inc. said its review of consumer e-commerce for 2001 shows that sales at domestic online retailers (excluding auctions) surged to an estimated $53 billion for the year. The Reston, Va.-based company, which says it derives its estimates from tracking the actual buying activity of a representative cross-section of more than […]

San Francisco-based specialty gift retailer RedEnvelope Inc., founded in 1997 under the name 911gifts.com, said it has achieved profitability on an EBITDA basis for its fiscal third quarter ending Dec. 31. The privately held catalog and e-tail company, which relaunched under its current name in 1999, said holiday sales were good with gross merchandising margins […]

Online auction giant eBay did it again, posting fourth quarter earnings of $25.9 million or nine cents per share fully diluted, below what the Street was looking for but still coming in with its 13th straight profitable quarter. The figures compared to a net profit of $23.9 million, or nine cents per share, in the […]

Bellvue, Wash.-based travel site operation Expedia Inc. has rescheduled a shareholder meeting to vote on its merger with a subsidiary of USA Networks Inc. The vote had been delayed when Paris-based Vivendi Universal agreed to a $10.3 billion deal with USA Networks in a move aimed at improving distribution of the French media giant’s music […]

Intuit Inc. scored a coup of sorts by signing a multi-year agreement with portal Yahoo! Inc. that makes its TurboTax for the Web product available to visitors to the Yahoo! Finance Tax Center. Sunnyvale, Calif.-based Yahoo! said the tax center offers a wealth of tax information and lets visitors obtain relevant tax forms as well […]

Online vehicle marketing company Autobytel Inc. established a new Media Sales Division in an effort to step up efforts to connect marketers with the car shoppers who visit the company’s branded Web sites. Irvine, Calif.-based Autobytel , which ran into the auto sales slump right along with the car companies, said the division will also […]

Stock of B2B e-commerce software provider Ariba Inc. was trending up today after analysts at Goldman Sachs raised both their estimates and their rating (to market outperform) based on earnings expectations. It’s welcome news for the Sunnyvale, Calif.-based company , which has rarely seen its name in print for the past six months without the […]

Continuing to move aggressively to become more than just another online brokerage, E*Trade Group Inc. launched a planning and advice product that includes new financial forecasting tools and the ability to consult directly with personal financial planners through Ernst & Young. In another step on the road to becoming a full-service financial services company, Menlo […]

In another growth spurt, E*Trade Bank has received approval from regulators to acquire more than 30,000 accounts with deposits currently valued at more than $1.7 billion from Chase Manhattan Bank USA, National Association, a subsidiary of J.P. Morgan Chase & Co. The E*Trade Group Inc. company , which claims to be the largest branchless bank […]

San Francisco based e-marketplace company ChemConnect is acquiring CheMatch, an Internet exchange for bulk commodity chemicals, polymers, feedstocks and fuel products. ChemConnect operates a global market for buyers and sellers of chemicals and plastics. Financial details were not disclosed, but ChemConnect said that both privately held companies have shown steady growth the past two years […]