Carol King

Two days after undertaking drastic cost-cutting measures, which included the layoffs of 77 people, Egghead.com received a $20 million line from IBM Global Financing. To say the least, the Menlo Park, Calif.-based etailer is pleased to receive the cash infusion. “Based on our cash position at the beginning of the year and this new financing, […]

When WOWemployers.com goes live on Thursday, it is taking on Monster.com in more ways than one. The online career center, founded by a former Monster.com president, is being sued and was issued a cease-and-desist order prior to its start. The legal action was put into effect by Monster parent company TMP Worldwide in an Indianapolis-based […]

Idealab — the mastermind behind such e-commerce site as eToys, jobs.com, petsmart.com and ticketmaster online — is closing its Silicon Valley operation, according to published reports. The 33 people who work out of that location hope to be placed in other arms of the company. Idealab is expected to support the three companies that operate […]

Hewlett-Packard Tuesday launched two e-services aimed at U.S.-based small businesses. The services — HP Extended Office and HP Web Services — are geared to assist business owners in installing, managing and supporting their information technology systems and quickly deploying their businesses on the Internet. “Small business owners are faced with the daunting task of installing, […]

Shares of Homestore.com, Inc., popped higher on Tuesday after the online real-estate web site was lauded by Goldman Sachs. The report elevated the real estate marketplace’s rating from Market Outperform (MO) to Recommended List (RL). The reason for the improved rating is attributed to Homestore.com’s “consistent growth via strong fundamentals as the clear market leader; […]

Ameritrade Holding Corp. Monday named Joseph Moglia as its new chief executive officer. The appointment of Moglia, a senior vice president in Merrill Lynch & Co. Inc.’s private client group, concludes a seven-month search to replace Thomas Lewis who resigned last August for personal reasons. Founder Joe Ricketts, who is also chairman of the Omaha, […]

Canal Plus Technologies, a subsidiary of Vivendi Universal , Monday entered a global partnership with Sun Microsystems Inc. to accelerate Java technology-based open standards for interactive digital television. Working together, the two companies plan to assist operators and content providers in developing entertainment, news, information, and educational services as well as promote industry acceptance and […]

The sluggish economy’s toll on Sun Microsystems (SUNW) was illustrated on Friday when the company slashed its third-quarter sales forecast by nearly one-third. “We are disappointed with one and only one thing, and that is the U.S. economy,” said Michael Lehman, CFO. “I think there is a broad-based downturn in capital spending.” The network computing […]

The parent company of The Industry Standard Thursday cut its staff by 17 percent. The catalyst for the layoffs is a “soft market,” according to John Battelle, CEO of Standard Media International. “We decided to take this course because the economic downturn is more severe than anyone expected, and we are committed to the long-term […]

The OfficeMax Web site Thursday resolved flaws in its security system that caused customer data to be forwarded to other shoppers. The glitch in the system was caused by a programming error, said Steve Baisden, spokesperson for the Cleveland-based supplier of business products. “By sending links to our Web pages to their friends and business […]

Two leaders in the Linux community merged on Wednesday when Turbolinux Inc., a software solutions provider, purchased Linuxcare Inc. for an undisclosed sum. The addition of Linuxcare’s services to the Turbolinux product line will allow an expanded product line as well as the global delivery of premier Internet infrastructure solutions, according to T. Paul Thomas, […]

When Celine Dion sings “Don’t surrender, ’cause you can win…,” she ain’t just whistling Dixie. The recording artist, who belts out that verse in “That’s The Way It Is,” held fast to the motto during a domain dispute over the URL celinedion.com — and emerged the victor. The legal battle started in late December, when […]