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Vonage Files for $250 Million IPO, Names New CEO

In another sign of the maturation of the Voice over Internet Protocol (VoIP) industry, Vonage filed Wednesday to stage a long-awaited US$250 million initial public offering and also installed a new CEO to guide the company. If it pulls off the IPO, Vonage Holdings Corp. would become the first publi...

Ameritrade, TD Waterhouse Confirm Merger Talks

The online financial services world finds itself back in the mergers-and-acquisition spotlight today as Ameritrade and TD Waterhouse have confirmed reports that they are talking about merging their online brokerages. Ameritrade Holding confirmed that talks were under way with Toronto Dominion Bank, ...

Who’s Fleeing the Online Trading Biz?

Consolidations and stock market chaos are causing upheaval among online trading companies, and the ripple effects could continue for some time. For example, analysts said more mergers and exits from the sector could be in the offing. "I would not be surprised if you saw some of the minnows merge ...

E-Commerce: Where Will the Axe Fall?

The bursting of the high-tech bubble may already have done away with the weakest players in e-commerce, but experts say the sector's survivors still face tough times in the second half of 2002 and beyond. "We are seeing larger players gaining market share against a background of shrinking demand,...

Online Brokers Eke Out Profits Amid Market Turmoil

Even as the major U.S. stock markets dipped to new lows, Ameritrade -- the second largest online broker -- said it squeezed out a quarterly profit of $5.7 million. The company noted that order volume has plummeted as consumers have turned away from stock trading in large numbers, reducing revenue...

Dot-Com Job Losses Dip Below 1,000 in April

Internet-related companies fired 824 workers in April, marking just the second time in two years that the sector's monthly job loss total has been below 1,000, according to outplacement firm Challenger, Gray & Christmas. The number of job cuts fell 47 percent from March, when 1,549 cuts were ...

$100M Acquisition Vaults E*Trade to Top Spot

E*Trade has announced it will pay $100 million in stock for privately held Tradescape. The move will nearly double the number of daily stock trades on E*Trade's network, making it the category leader. But GartnerG2 vice president and research director David Furlonger told the E-Commerce Times tha...

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