Erin Joyce

Trading was halted in shares of WebMD Corporation Wednesday as federal officials searched the health services software company’s offices as part of an investigation by the Department of Justice. The NASDAQ exchange said it won’t resume trades of WebMD shares until its “request for information” has been satisfied. In a statement, the Elmwood Park, N.J.-based […]

Intuit’s $116 million purchase of credit and debit card processor Innovative Merchant Solutions late Tuesday signals a strategic step forward in its merchant account business. The maker of personal tax and small business accounting software said it signed a deal to acquire Calabasas, Calif.-based Innovative, a provider of credit and debit card processing services for […]

As MCI, the telecom giant formerly known as WorldCom, works to address securities fraud charges filed against it last week by the Oklahoma Attorney General, the company has been hit with a new fraud lawsuit by its long-distance rival, AT&T. AT&T on Tuesday said it filed a lawsuit in federal district court against MCI/WorldCom and […]

IBM has entered into exclusive negotiations to finalize a business process outsourcing (BPO) contract with consumer products maker Proctor and Gamble , an IBM spokesman confirmed Thursday. James Sciales of IBM told internetnews.com that P&G is in exclusive talks with Big Blue’s Global Services division on a contract for IBM to take over management of […]

Oklahoma’s Attorney General filed felony charges Wednesday against WorldCom’s former CEO Bernard Ebbers and other departed executives, charging they deceived the state’s investors as part of an $11 billion accounting scandal at the telecom giant. “We allege the company and these six employees executed a scheme to artificially inflate the value of WorldCom stock and […]

Voice over IP and IP telephony were supposed to be “killer apps” that would spread into the mainstream along with the growth of broadband services for consumers and businesses. Yet advocates of IP telephony, which essentially uses the Internet to transmit local and long distance calls, say the technology is getting entangled in a thicket […]

Interactive TV-tech company OpenTV has named a spate of new senior executives to its ranks, including a new chief operating officer, as it looks to grow its market share for iTV services with major broadcasters and advertisers. The company, which has operations in San Francisco and Amsterdam, said it named Wesley Hoffman to the position […]

Jozef Straus, the beret-wearing chief executive officer and co-chairman of optical networking company JDS Uniphase is retiring from the company he helped create, the company said Thursday. Kevin Kennedy, currently a member of the company’s board of directors, has been picked to succeed Straus, who announced he would retire as of Sept. 1. Syrus Madavi, […]

The possibility of a copyright infringement suit from the Recording Industry Association of America is apparently having a chilling effect on individuals who swap online music, according to new research from The NPD Group. The market research firm said households acquiring music files online illegally reached a high of 14.5 million in April of 2003, […]

Computer maker Dell upped the pressure on the rest of the computer industry Wednesday when it announced price reductions on its enterprise, small-medium business and consumer products by as much as 22 percent. The move is sure to increase pressure on other systems vendors, who are already struggling with eroding margins as a result of […]

New figures out from the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) show that Internet advertising revenues were up by 7 percent to $1.7 billion in the first three months of 2003, the second straight quarterly increase in two years. Details about key drivers are expected in September when the IAB has more complete data. […]

Sluggish sales of desktop computers and servers pinched Hewlett-Packard ‘s bottom line during its third fiscal quarter, but the systems vendor reversed its losses from last year with a profit of $297 million, or 10 cents per share. The results were a far cry from last year’s third fiscal quarter, when HP declared a net […]