InternetNews Staff

Internet stocks rose higher in afternoon trading, reversing the day’s morning sell-off. internet.com’s Internet Stock Index rose 15.75, or 1.49 percent, to 1,069.76, the Nasdaq Composite jumped 49.33 to 4897.17 and the Dow Jones industrial average gained 60.50 to 9856.53. Crayfish Co. (CRFH) zoomed 102, or 425 percent higher, to 126. The Japanese Internet provider […]

Intranets, according to a new study, are increasingly becoming important destinations for employees who have a difficult time scheduling in-person meetings due to work schedules, office locations and travel demands. The study, conducted by RewardsPlus, a Web-based benefits company, said companies are investing more time and money designing corporate portals to streamline internal communications, outsource […]

On the same day it was reported that six major movie theatre chains were forming an online venture to sell tickets, a similar company, MovieTickets.com Wednesday struck a $25 million equity-for-promotion deal with CBS. The most recent venture, a partnership between Loews Cineplex Entertainment, Cinemark USA, Regal Cinemas, Edwards Cinemas, General Cinema Theatres, and Century […]

Messaging firm Sendmail Inc. Wednesday released the latest versions of its Switch enterprise mail platform, including an open-source version of the sendmail utility. The Switch product line includes: Sendmail Multi Switch, which unifies complex enterprise level Internet Mail systems into a single, easily administered network (priced starting at $4,495) Sendmail Secure Switch, which provides server […]

In a move to expand its audience, increase its revenue base, and reach out to Latina women in North America as well as Latin America, StarMedia Network Wednesday took the wraps off Cadamujer.com, a portal for Latin American women. The new venture is being launched in a joint marketing venture with L’Oreal, which will put […]

E-billing application service provider Derivion and transaction services provider CheckFree signed a deal aimed at accelerating adoption of electronic billing and payment within the small and mid-tier biller marketplace. The agreement will leverage Derivion’s inetBiller as an offering for companies that want to provide e-billing quickly by outsourcing the process and CheckFree’s distribution network of […]

Teen shopping operation RocketCash signed a partnership with Cybergold that gives parents the ability to earn cash and transfer it to their teens’ RocketCash account. “Cybergold and RocketCash have created the ability to translate Internet incentive rewards into online purchases for teens,” said Jeffrey Mason, co-founder and CEO of RocketCash. “This partnership gives RocketCash customers […]

Shopping and merchant rating guide service BizRate.com secured another $50 million in venture capital funding in its third round of financing. Total funding comes to about $77 million since the company’s first round of financing in May 1998. The majority of third-round funding was secured from previous BizRate.com investors, including crossover investment firm Attractor, which […]

As investors, we’re always hoping for large profitsyou could even say fat profits. So why not look at a company that has such success in its name — Fatbrain.com (FATB). The name suggests success and after a further look, investors will agree that this company is a long-term winner. Fatbrain.com maintains two brick and mortar […]

British Telecom has responded to this week’s flood of cheap internet access offers by cutting the cost of its Internet phone charges. From 1 June, residential customers using BT’s Surftime package can have unmetered 56Kbps internet access at any time using any participating ISP for £29.25 (US$47.25) a month. Businesses will get the same deal […]

Australian Internet stocks were mixed Tuesday morning following the Nasdaq’s slide into negative territory Monday. The Nasdaq was only 20 points away from the key 5000-point level before Federal Open Markets Committee chairman Alan Greenspan unleashed the interest rates specter. Software company Adacel bucked the generally shaky market Tuesday morning, climbing 27 cents or 7.9% […]

Startup fulfillment and delivery company Sameday.com, formerly called Shipper.com, has opened a 114,000-square-foot location in Chicago. The company said that with the addition of the new facility, it will be able to provide same-day delivery to four of the largest markets in the U.S., encompassing all suburbs and cities surrounding Los Angeles, San Francisco/San Jose, […]