Cyrus Afzali

Followers of Internet stocks had little to get excited about Friday, as issues continued this week’s trend of narrow-range trading. A leading e-commerce company was responsible for what little movement came from Wall Street. Just after mid-day, Internet.com’s Internet Stock Index was off 8.16, or 1.47 percent, to 548.40, the Nasdaq Composite had shed 21.95 […]

Hollywood agent and former Walt Disney Co. chief Michael Ovitz is among the backers of a new online shopping and entertainment destination that will launch this summer. Ovitz, along with venture capital firm The Yucaipa Cos., late Thursday unveiled CheckOut.com, a new Web site that will anchor a number of sister sites, including CheckOutMusic.com, CheckOut […]

Internet IPOs grabbed all the attention Thursday in what was otherwise a dull session on Wall Street. The Dow Jones industrial averge ended off 20.65 to 10,866.74, the Nasdaq Composite turned negative late in the day to lose 34.99 to 2,542.41 and Internet.com’s Internet Stock Index ended off 23.49, or 4.05 percent, to 556.56. Healtheon […]

Health care claims processor Healtheon Corp. was one of Thursday’s most watched Internet stocks. Shares of the company soared after it formally announced a merger with WebMD Inc. Investors were also giving online toy retailer eToys a very warm reception. Just after midday, the Dow Jones industrial averge was up 28.90 to 10,916.29, the Nasdaq […]

After widespread speculation, online medical companies Healtheon Corp. and WebMD Inc. Thursday agreed to merge in a $5.5 billion deal that will further transform the Internet into a health care platform. The merger will create a Web-based company that will provide health care information to doctors and the general public. Terms call for 1.815 Healtheon […]

MTV Networks Thursday made a move to increase its presence on the Internet by purchasing online music network SonicNet. As part of the deal, Liberty Digital, a subsidiary of Liberty Media, will take a 10 percent stake in MTV’s online music holdings. No other financial details were disclosed. SonicNet provides music news and broadcasts live […]

Internet stocks went quietly Wednesday, although a few of the sector’s leaders turned in solid gains, benefitting from earnings surprises and acquisition news. Internet.com’s Internet Stock Index closed up 7.12, or 1.24 percent, to 580.05, the Nasdaq Composite ended up 19.05 to 2,577.41 and the Dow Jones industrial average added 50.44 to 10,887.39. America Online […]

Internet stocks were mixed in midsession Wednesday, although many of the sector’s leaders were higher, benefitting from earnings surprises and acquisition news. Internet.com’s Internet Stock Index was up 5.58, or .97 percent, to 578.51, the Nasdaq Composite was up 2.50 to 2,560.86 and the Dow Jones industrial average had climbed 26.55 to 10,863.50. America Online […]

After much speculation that a merger may be imminent, Healtheon Corp. confirmed Wednesday that is in in talks with WebMD Inc. about a possible tie-up. However, the company cautioned that no deal has been reached. Wednesday’s Wall Street Journal reported the companies will merge in a $5.5 billion stock deal with backing from technology giants […]

As it prepares to deal with competition in the lucrative domain registration business, Network Solutions Inc. Wednesday tapped David Hotzman to serve as its first chief technology officer. Holtzman, who was previously NSI’s senior vice president of engineering, will oversee the company’s entire technology strategy in addition to supervising the engineering unit. Holtzman will report […]

Stocks gave back some of their gains Tuesday after the Federal Reserve hinted it will consider tightening interest rates in the future. The Fed left interest rates unchanged in its monthly meeting Tuesday, although policy makers hinted they may soon rise. That caused the Dow to lose gains of more than 50 points and close […]

There was little movement in Internet stocks by midday Tuesday as investors remained on the sidelines, waiting for the Federal Reserve to issue the latest word on interest rates. The Fed’s meeting will begin at 2 p.m. Eastern and a decision on interest rates is expected shortly thereafter. Just before noon, the Dow Jones industrial […]