Beth Cox

Atlanta-based Delta Air Lines Inc. is restructuring its investment in Priceline.com and making a bet that the struggling name-your-own-price service will see a recovery in the value of its stock. The deal helps Norwalk, Conn.-based Priceline by paring its dividend expense, reducing its outstanding preferred stock by $280 million. Delta had previously held 6 million […]

Struggling Internet postage company Stamps.com cut another 150 employees today — about half its remaining staff — on top of the 240 it laid off last October. The Santa Monica, Calif.-based company said in a statement that the move is part of its “continuing effort to streamline operations and achieve profitability.” “This plan reflects our […]

Troubled Internet retailer buy.com, which said last week it will divest its UK operation, reportedly has found a buyer in British department store chain John Lewis Partnership. With its stock trading at less than $1 (it closed yesterday at 65 cents), the Aliso Viejo, CA-based company said last week that it also was letting go […]

Both Microsoft Corp. and Sun Microsystems Inc. Monday launched new initiatives aimed at providing technology to help the healthcare industry standardize its administrative processes and reduce paperwork. Microsoft delivered the BizTalk Server Accelerator for HIPAA — The Health Insurance Portability and Accountability Act – which mandates that the healthcare industry get its paperwork house in […]

Mountain View, Calif.-based B2B e-commerce platform provider Ariba Inc. (Nasdaq: ARBA) has beefed up its Ariba Sourcing product, allowing customers to choose from a more auction formats, communicate more efficiently with suppliers and analyze the results of RFQ-based events. The sourcing app is a Web-based platform that automates the entire RFQ process. Meanwhile, petroleum giant […]

Its stock trading at less than $1 and falling, troubled Internet retailer buy.com reported a pro forma fourth quarter loss of $27.3 million, but said it is taking aggressive measures to move toward profitability, including shedding 10 percent of its staff – about 25 people. Other measures include the sale of buy.com’s United Kingdom operations […]

MSN Carpoint signed a deal that makes AutoNation Inc. the primary distributor of Carpoint customer sales leads. As part of the three-year agreement, AutoNation, which calls itself America’s largest automotive retailer, will begin initial distribution of Carpoint’s sales leads this March, leading to full distribution by June. Financial arrangements were not disclosed. The alliance significantly […]

A new survey commissioned by the National Consumers League says that nearly a third of online Americans have participated in Internet auctions, but 41 percent of buyers reported having a problem at one time or another, such as late delivery of goods or merchandise that never arrived. The survey, performed by Harris Interactive, found that […]

Online travel information provider Fodors.com signed a deal that will provide its users on-site access to both content and booking capability from adventure travel agency iExplore. The deal calls for Fodors.com to incorporate iExplore’s content and searchable database of more than 5,000 trips in 152 countries into its Adventure Travel area. Financial arrangements were not […]

Troubled Priceline.com, following through on its plan to re-focus on the basics of its core business, said it has added enhancements to speed customers through its leisure airline tickets service. The company also named nationally known travel expert Pauline Frommer as a special adviser for its travel products. She will review and provide feedback for […]

Amazon.com stock still rates a good look-see — especially for investors with at least a 12-month horizon, analysts at Goldman, Sachs Investment research advised clients today following the e-tailer’s 4Q earnings report, which included announcement of 1,300 layoffs. In face, GS said it sees a 20 percent to 25 percent price appreciation potential for Amazon […]

E-tailing giant Amazon.com, reporting after the bell on a reduced pro forma net loss of 25 cents a share for the fourth quarter, said it will cut 1,300 jobs — about 15 percent of its workforce — and take a charge of $150 million in the first half of 2001. Amazon said its pro forma […]