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 Reuters Internet News Summary PARIS (Reuters) - Last year may have felt like one
long crash for many Internet retailers, but a study of e-tailers and their
customers showed Monday that a presence on the Net is becoming a must for
retailers of every sort. Describing 2000 as a year of 'devastating defeat'
for many e-tailers and their investors, consultants Ernst & Young
spelled out a stark message in its report 'Global Online
Retailing.' Jury Still Out on Web Banks NEW YORK (Reuters) - The jury is still out on the
prospects for Internet banks, but Judy Bentovim isn't waiting for a
verdict. The 58-year-old office manager from San Diego, California,
recently put about $5,000 into a new checking account with Bank of
Internet USA, a San Diego online-only bank founded last July. And she
plans to set up two more cyber-accounts with the fledgling bank, another
for herself and one for her father. Chapters Ups Offer for Online Unit TORONTO (Reuters) - Canadian bookstore chain
Chapters (CHP.TO), under new management after losing a takeover battle
last week, said Monday it will increase its offer to buy the minority
stake in its online unit but will now pay for it in shares instead of
cash. Chapters, the nation's No. 1 bookseller, was taken over last week by
Trilogy Retail Enterprises. It said its new offer to minority shareholders
of Chapters Online Inc.(COL.TO) is worth about $2.33 a share in Chapters
common shares, up from the initial offer of $2.26 a share in
cash. Jupiter Cancels Latin E-Commerce
Conference MIAMI (Reuters) - In a new sign of slackening
investor interest in the Internet companies in Latin America, research
firm Jupiter Media Metrix said it has canceled a conference on electronic
commerce in the region that had been scheduled to begin Monday in Miami.
The same, two-day Latin American e-commerce conference last year drew an
overflow crowd at a Miami hotel of some 450 executives, venture
capitalists and other investors from the Americas and Europe but did not
make business sense in 2001, a Jupiter- (nasdaq: JMXI
- news
- people)
spokeswoman said. 12-Yr-Old Web CEO Joins Canada Trade Trip to
China LONDON, Ontario (Reuters) - The 12-year-old boss of
a Web site design company will be one of 300 business and political
leaders accompanying Canadian Prime Minister Jean Chretien on a trade
mission to China next month. Keith Peiris, who founded award-winning
Cyberteks Design in June 1999 and now has some 25 clients in North
America, insisted in an interview that he is 'just like any other kid.'
But few kids face his decisions, like whether to sell out to U.S. or Hong
Kong investors for several million dollars, and what to do about would-be
clients scared away by his tender years. New Tech Tools for Tax Season WASHINGTON (Reuters) - Even if you are disillusioned
with the benefits of technology as an investment, you gotta love what it
does to tax season. The tried-and-true tax software programs keep
improving, and this year there is a new crop of tech tools that can help
you get your return filed fast, accurately and cheap. Here's a sampling of
what's out there for tax season 2001. Hackers Obliterate Egypt Central Bank Web
Site CAIRO (Reuters) - Computer hackers have obliterated
the Web site of the Egyptian central bank. The cyber attack was launched
Friday morning, Ayman el-Sayed, the central bank's webmaster, told Reuters
Monday. 'We are now implementing security measures to avoid this happening
in the future,' he said. UPS Upgrades Online Shipping Services in
Europe FRANKFURT (Reuters) - United Parcel Service
(nyse: UPS
- news
- people)
said Monday it is introducing improved online shipping services for
customers in Europe. The U.S. parcels giant has expanded its shipping
software UPS OnLine WorldShip program to allow customers to send their own
customers details of shipments and tracking information in advance of the
actual transport. Cos. Hoping Investors Don't Notice Dot-Com
Holdings PALO ALTO, Calif. (Reuters) - It was not so long ago
that companies were tripping over each other to broadcast all the details
of the new Internet divisions they were building to avoid being left in
the bricks-and-mortar dust. Now it seems they would rather people didn't
know about their dot-com holdings. Austrian Web Site Offers Help with Death And
Dating VIENNA (Reuters) - The Viennese are said to be
obsessed with death -- after all, the Austrian capital is home to the only
undertaker's museum in the world. Now many of those concerned with the
many facets of death can satisfy their morbid interests on the Internet
site www.begraebnis.at (begraebnis is German for burial). Reut13:12 02-05-01 Copyright 2000, Reuters News
Service.
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