Digital Commerce

Provision X and iTradeNetwork (iTN) are a step closer to fulfilling their charter as the online meat products marketplace through an alliance that could generate $6 billion in transactions over the next 18 months.

Stamps.com on Friday announced that it has reduced its current headcount by approximately 25% in a continuing effort to streamline operations and achieve profitability. It also announced the appointment of Ken McBride as president and CEO.

Despite a wide technology downturn, Internet subscriber figures continue to grow inthe United States where a majority of homes have at least dial-up access and nearlyone in four online households use a broadband connection, according to a new study.

UK Companies are turning their backs on .com domain names, according to a survey by thenational domain name registry, Nominet UK.

Flooz.com, a purveyor of online currency used as electronic giftcertificates, officially ceased operations over the weekend,according to its chief executive, Robert Levitan. It fell victim to asoftening economy and a sour investment atmosphere. But Internetfraud may have sped its demise, a person close to the company said.

Delhaize Group (Euronext Brussels: DELB; NYSE: DEG) will release its second quarter earnings on Thursday,September 6, 2001 at 2:00 p.m. CET (8:00 a.m. EST) for the thirteen weeks ended June 30, 2001. Immediately following, Delhaize Group will conduct an investors'conference call at 3:00 p.m. CET (9:00 a.m. EST) on Thursday September 6, 2001. The Delhaize Group management team will be discussing the financial results forsecond quarter 2001.

A monthly estimate of online spending by U.S.consumers suggests that Internet shoppers forkedout about the same amount in July - nearly $4billion - as they did during the same period a yearago.

Despite recast projections from numerous research organizations, thenew Online Advertising Report forecasts that online advertisingspending is holding its own and will continue to grow steadilyover the next several years.