Thor Olavsrud

Wine and spirits e-commerce company Liquor.com Thursday joined the bevy of companies that have retreated from proposed IPOs due to pressures imposed by a volatile stock market. The company requested withdrawal of the 3-million-share IPO — through which it hoped to raise $24.3 million — on Oct. 2, and received approval from the Securities and […]

Citing unfavorable market conditions, The New York Times Company Thursday formally withdrew its proposed IPO of a tracking stock of New York Times Digital, its Internet business division. The offering had been postponed earlier this summer. The publishing concern, which includes NYTimes.com and Boston.com, originally expected to complete the $100-million offering in the third quarter […]

After months of steadily declining stock prices, Global Crossing Ltd. Chief Executive Officer Leo Hindery resigned Wednesday. Vice Chairman Thomas Casey will take Hindery’s place. Hindery, former head of AT&T Corp.’s cable television operations, had only been at the job seven months. He joined Global Crossing last December and succeeded former CEO Bob Annunziata in […]

Internet investors can start breathing again. Industry bellwether Yahoo! late Tuesday reported third quarter earnings that exceeded analyst expectations — by one cent per share. Yahoo! said net revenues for the third quarter were $295.5 million, up from $155.8 million for the same quarter a year ago, a 90 percent increase. Pro forma net income […]

Organizations interested in the development of Linux received a much needed boost Wednesday when the Free Standards Group released the first version of the Linux Development Platform Specification (LDPS). The LDPS is supported by 23 organizations, including leading Linux vendors like Red Hat Inc., TurboLinux, SuSE Linux AG and Caldera Systems, and hardware vendors like […]

Internet software maker Open Market Inc. Tuesday revealed it would slash its workforce by 23 percent after announcing lower-than-expected results for the second half of the year. Open Market said the restructuring, which eliminates 150 (80 employees and 70 contractors) of its 650 person workforce, would allow it to intensify its focus on reaching profitability […]

On the heels of a sharp drop for semiconductor stocks Monday, Intel Corp. reshuffled its management structure, saying the moves would allow it to address critical issues in its processor and platform businesses. The move is also a hint that the chip maker is getting more serious about its networking business because it transfers Senior […]

Three days after withdrawing a proposal for a $172.5 million IPO, free ISP Freei Networks Inc. (also known as FreeInternet.com, filed on Friday for Chapter 11 bankruptcy in Federal District Court for the Western District of Washington, Seattle. Freei Networks, based in Federal Way, Wash., provides no-fee dial-up Internet access to 1,500 cities in North […]

After a heated four-month legal battle centered on a contract dispute, financial news site TheStreet.com Friday settled with Fox News Network L.L.C. The two erstwhile partners exchanged lawsuits after TheStreet.com canceled the weekly television show — also called TheStreet.com — it produced with Fox for the network. TheStreet.com canceled the show on May 17, but […]

New Haven, Conn.-based DSL.net Inc., which already offers its service in more than 300 cities nationwide, expanded its offering to 52 new areas Thursday. New cities added to the DSL.net roster include Las Vegas, NV; Kansas City, MO; Buffalo, NY; Albuquerque, NM; and Carmel, CA. “These new service areas strengthen DSL.net as the national broadband […]

In the past few years, Register.com has transitioned from hungry start-up to an established leader in the registrar market, second only to industry giant Network Solutions Inc. Now the company’s leadership is catching up to that transition. On Thursday, Register.com promoted Vice President of Technology Robert Gardos to the post of Chief Technology Officer, a […]

1-800-FLOWERS.COM rejoiced Thursday when competitor FlowersUSA entered into a Court Ordered settlement and agreed to a permanent injunction against further infringement of 1-800-FLOWERS.COM’s federally registered trademarks. 1-800-FLOWERS.COM filed a suit against the Centerbrook, Ct.-based florist in the United States District Court for the Eastern District of New York on June 23, charging that FlowersUSA was […]