Cyrus Afzali

Merrill Lynch Monday made a move into cyberspace by announcing plans to deliver investment advice and transaction capabilities over the Internet to its 401(k) participants. The new service, Financial Engines Investment Advisor, will be delivered through Merrill’s Bene OnLine, which now serves more than 1 million participants in 401(k), stock option and stock purchase plans […]

Internet stocks made small moves in and out of positive territory Friday, before ending slightly higher although the Dow managed to close out the week by setting another record. The Dow Jones industrial average gained 84.77 to 11,031.59, the Nasdaq Composite climbed 31.34 to 2,503.62 and Internet.com’s Internet Stock Index crept up 0.11, or .02 […]

Federal Reserve Chairman Alan Greenspan sent markets lower across the board after he expressed concerns that the tightening U.S. labor market could halt the nation’s economic growth and bring a sustained period of low inflation to a close. Internet.com’s Internet Stock Index fell 27.66, or 4.84 percent, to 544.12, the Nasdaq Composite tumbled 60.92 to […]

U.S. defense contractor Lockheed Martin Corp. Thursday announced plans to team with rival TRW Inc. and Telecom Italia to develop a $3.6 billion global broadband Internet and intranet venture. Lockheed Martin’s Global Telecommunications Group will pour $400 million into the venture while Telecom Italia’s Astrolink LLC Telespazio and TRW will each provide $250 million. All […]

After being down across the board going into the half-way point of Wednesday’s session, Internet stocks staged a strong rebound late in the day as all the major market indices posted a strong recovery. Internet.com’s Internet Stock Index recovered to close up 23.04, or 4.2 percent, to 571.78, the Dow Jones industrial average climbed 69.02 […]

Bell Atlantic Wednesday unveiled Web@Once Self Serve, a new Web development tool designed to enable small businesses to easily and cost-effectively build Web sites. The service, which includes Web hosting, is priced at $9.95 a month. No special software or programming knowledge is needed. Customers simply fill in blanks on each page to create a […]

Internet stocks ended lower Tuesday, despite posting strong gains earlier in the day, as the sector’s famous names continued their slide and disappointing news moved a number of other shares lower. Internet.com’s Internet Stock Index shed 22.34, or 3.91 percent, to 548.74, the Dow Jones industrial average failed to close above 11,000 for the second […]

Less than a month after crossing the 10,000 mark for the first time ever, the Dow Jones industrial average set a new milestone Monday, closing above 11,000. Things weren’t as stellar for Internet issues, as the sector’s leaders posted sizeable losses. The Dow Jones industrial average gained 225.65 to 11,014.69 while the Nasdaq Composite lost […]

The Internet Advertising Bureau said its figures show that ad revenues more than doubled in 1998, reaching an estimated $1.92 billion. “It is easy for us to forget that the Internet, as a viable advertising medium, is barely four years old, and it is astounding that in such a relatively short period of time, its […]

Real Networks Inc. Monday released RealJukebox and RealSystem MP, two new products that allow Internet users to play, record and organize digital music. RealSystem MP is a digital music architecture that enables a wide range of Internet-enabled hardware devices to work together to play, organize and acquire music from the Internet. Real said the initiative […]

Internet stocks recovered late in the session Friday after fears over inflation took a big toll earlier in the day. Internet.com’s Internet Stock Index gained 7.88, or 1.32 percent, to 604.10, the Nasdaq Composite added 14.59 to 2,541.03 and the Dow Jones industrial average lost 88.34, to 10.789.04 The day’s strong gainers included InfoSpace.com Inc. […]

An earnings warning from Internet bellwether Amazon.com Inc. sent that stock sharply lower Thursday to end a mixed session. Internet.com’s Internet Stock Index closed down 1.29, or .22 percent, to 596.22, while the Nasdaq Composite lost 20.40 to 2,529.97 and the Dow Jones industrial average gained 32.93 to end at 10,878.38 for its third record […]