InternetNews Staff

EasyDo.com has launched an e-commerce auction site featuring a patent-pending intelligent mailbox system called Intelli-box that allows a buyer to query multiple purveyors of goods and services. The company said sellers respond to the buyer with “closed” offers, meaning that the sellers are not aware of each others’ offers, but they do know the ranking […]

Managed e-commerce service company eCongo.com Inc. launched a free e-commerce service that “integrates the multiple components necessary for successfully conducting business online.” eCongo.com said it offers a complete solution that includes easy-to-use Web store creation and administration, advertising and marketing services, customer service, fulfillment management tools, and multiple payment methods — all integrated into a […]

Frictionless Commerce Inc. unveiled a comparison-shopping service that enables individuals to search, compare and purchase products “based on the merchant and product features they value most.” The company said the service brings a simple, iterative process to the online commerce of complex offerings. Frictionless Commerce markets its technology as a private-label service to high-traffic Web […]

Alcatel has been awarded a $700 million contract by Global Crossing Ltd. for a new high-capacity undersea telecommunications network around the South American continent. The undersea cable loop known as the South American Crossing will link together Chile, Peru, Colombia, Panama, the US Virgin Islands, Brazil and Argentina when completed sometime in 2001. In order […]

CBS Corp. Wednesday took another step to broaden its Internet holdings by acquiring a 38 percent stake in jobs.com Inc. The broadcasting giant acquired a 38 percent stake in the online job site in exchange for $62 million in advertising, promotion other unspecified “consideration.” The promotion will extend across its media properties over the next […]

IWant.com launched an e-commerce site with a patent-pending discovery mechanism that it says connects exactly the right buyers with exactly the right sellers. IWant.com allows buyers to state their “wants” while maintaining anonymity and have the most appropriate sellers immediately find them, saving the buyer both time and effort. Once a “want” has been posted, […]

Taking a step into mainstream banking, Internet credit card company NextCard Inc. signed a definitive agreement to acquire Textron National Bank, a subsidiary of Textron Financial Corp. Terms of the deal were not disclosed. Upon completion of the transaction Textron National Bank will change its name to NextBank NA. “The formation of NextBank is a […]

Israel-based Internet translation company Babylon.com has signed a deal with The New York Times on the Web to provide instant translation services. The service is expected to be available in early August. The translation solution will be available on The New York Times site. The software can also be downloaded and used at any site […]

St. Paul Fire and Marine Insurance Co. unveiled a new set of insurance products designed to protect high-tech companies from risks associated with e-commerce, such as computer systems fraud, media injury and copyright and trademark infringement. Besides the standard commercial property-liability coverages, the portfolio of products includes Media Liability, CyberTech+ and Networker. Networker provides coverage […]

Global network services provider Digital Island Inc. said it has launched Hong Kong’s first data center built to distribute business-critical applications to and from Asian markets via fast and secure network services. Benefiting from the island’s rich fiber-optic infrastructure, the Hong Kong Data Center is located at Telecom House in the Wanchai district, the company […]

One eCommerce Corp. delivered its Merchant.Point suite of e-commerce products, aimed at store-creation for small to mid-sized businesses. One eCommerce develops, markets and leases a proprietary suite of integrated electronic commerce products that enables small and mid-size businesses to conduct transactions over the Internet. The products integrate sales transaction processing, accounting, customer relationship management, advertising, […]

Buyingedge.com, a “reverse auction” e-commerce Web company and a subsidiary of software company IMA, completed a $10 million round of equity financing. @Ventures, the affiliated venture capital arm of CMGI Inc. led the round of private preferred stock financing representing approximately 29 percent of the buyingedge.com equity. It was joined by Wand Partners Inc., the […]