Cyrus Afzali

The New York Times Co. Monday took a $15 million minority stake in online financial publication TheStreet.com The company said the $15 million investment will be a combination of cash and services. The New York Times is also discussing a possible strategic alliance with the online publication. Russell T. Lewis, the Times Co.’s president and […]

Microsoft Corp. Monday launched a preorder program for Internet Explorer 5 which allows users to receive the forthcoming update to IE on CD-ROM. The latest version of Microsoft’s Web browser is scheduled to be posted to the company’s Web site March 18. The browser can also be preordered for $6.95. The CD-ROMs will be delivered […]

Consumer Financial Network Inc. and First USA are teaming up to launch an intranet-accessible credit card program designed for corporate employees. In announcing the venture late Thursday, the company said the venture will offer corporate employees credit cards with a competitive interest rate combined with superior customer service and benefits. Eligible card members will be […]

Auction site eBay Friday announced that by early March, it will no longer carry listings of firearms and ammunition. The company said it determined “the Internet is not an appropriate venue for this kind of merchandise.” eBay currently has a firearms category and guns are also listed frequently in several other categories. To meet its […]

Ford France Thursday announced plans to deploy a global intranet solution from France Telecom to speed the flow of information between the automaker’s French dealerships. Ford said the intranet will provide authorized dealers with real-time access to databases and create a new way for them to communicate with the company. The three-year agreement calls for […]

America Online Inc. Chairman Steve Case late Wednesday renewed his call for cable operators to open their networks to Internet service providers in the name of consumer choice. According to Bloomberg News, in a speech to the Commonwealth Club of California, Case called on cable companies to allow competing Internet providers to open their broadband […]

Seattle officials and cable company Tele-Communications Inc. have settled their differences and reached an agreement that both sides say should bring high-speed Internet access to the area soon. Recently, AT&T, which last year sealed a $48 billion buyout of TCI, has been negotiating with Seattle officials to transfer the local TCI franchise to AT&T. Officials […]

BellSouth and 3Com Corp. Wednesday announced a partnership to speed the deployment of Digital Subscriber Line service to BellSouth customers in 30 Southeastern markets. The two companies will jointly roll out BellSouth.net FastAccess ADSL Internet service using 3Com modems later this year to consumers and businesses. More than 5 million customer phone lines will be […]

Finnish telecommunications equipment maker Nokia Tuesday acquired Diamond Lane Communications Corp. in a move to capture a chunk of the growing Digital Subscriber Line market. Nokia paid about $125 million in cash for the company which has developed a new Digital Subscriber Line product that enables Internet access speeds of up to 125 times faster […]

E*TRADE Group Inc. Tuesday announced plans to offer its own family of mutual funds and money market offerings. The deal comes just after E*TRADE gained approval from the Securities & Exchange Commission and the National Association of Securities Dealers to enter the asset management business. E*TRADE will launch the E*TRADE S&P 500 Index Fund next […]

Realizing the popularity of its Web directory, Yahoo! Inc. earlier this week started offering some businesses the chance to have review of their site submission expedited for a $199 fee. Yahoo! said the new offer was designed to help small businesses that are looking to move into electronic commerce. Only Web sites that offer products […]

CompuServe and MarketWatch.com Thursday partnered to create a new financial news center on the online service. The co-branded site will give CompuServe users access to stories on global market developments and profiles of Wall Street’s most prominent names. Starting Thursday, the site will be available through CompuServe’s personal finance channel as well as the service’s […]