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July 8, 1996 | From Reuters
German publisher Burda Holding said Sunday that it is pulling out of the Internet service provider Europe Online. Europe Online said it is negotiating with new investors. Burda, which holds a stake of about 36% in Europe Online, said it had been pressing the company to change its management structure so as to streamline decision making.
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BUSINESS
November 4, 1996 | TERRY SCHWADRON, Terry Schwadron (terry.schwadron@latimes.com) is deputy managing editor of The Times and oversees latimes.com, the newspaper's Web site
For European newspapers, the Internet is an alluring curiosity waiting to flower as a business. There is a lot of interest, but as a gathering of European news publishers in Switzerland reflected recently, there is also a lot of wariness about whether to follow American newspapers in a headlong rush to the World Wide Web.
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BUSINESS
September 20, 1995 | Times Staff and Wire Reports
Europe Online Faces Antitrust Inquiry: The European Commission opened an investigation into an on-line information venture involving three of Europe's biggest publishers amid concern that it will stifle competition. Europe Online, a venture of Pearson, Matra-Hachette and Burda, plans to start offering services before the end of the year. Several of the world's biggest media and telecommunications companies have entered the European market to profit from its rapid expansion.
BUSINESS
November 4, 1996 | TERRY SCHWADRON, Terry Schwadron (terry.schwadron@latimes.com) is deputy managing editor of The Times and oversees latimes.com, the newspaper's Web site
For European newspapers, the Internet is an alluring curiosity waiting to flower as a business. There is a lot of interest, but as a gathering of European news publishers in Switzerland reflected recently, there is also a lot of wariness about whether to follow American newspapers in a headlong rush to the World Wide Web.
BUSINESS
June 27, 1996 | MICHELLE V. RAFTER
Here are the leading search engines, with Web address and 1996 first-quarter advertising revenue: InfoSeek Address: http://www.infoseek.com/ $3.1 million Adding custom news services and "super spider" searcher. Raised $42 million in initial public offering June 11. Has distribution, technology or content deals with Netscape, Sun, XSoft, Verity, Netcom, Freeloader, Reuters and others. * Lycos Address: http://www.lycos.com/ Ad revenue: $2.6 million 30 million sites cataloged, fewer reviewed.
BUSINESS
December 7, 1995 | From Associated Press
The European Commission opened an inquiry Wednesday into whether an online service planned by America Online Inc., German media group Bertelsmann and Deutsche Telekom would be anti-competitive. The commission, the executive body of the European Union, said in a statement that it is concerned about possible anti-competitive situations that could slow the development of other online services. The three companies said in late November that they would form the alliance, dubbed AOL.
BUSINESS
June 26, 1996 | MICHELLE V. RAFTER, SPECIAL TO THE TIMES
The McKinley Group, publisher of the Magellan Internet search directory, has ousted David Hayden as chairman and chief executive and named computer industry veteran Kenneth Grunzweig as acting head of the company. Hayden will stay on as a consultant during a transition period. The moves came amid increasing signs of serious financial trouble at the 3-year-old Internet publishing concern.
BUSINESS
June 28, 1996 | MICHELLE V. RAFTER, SPECIAL TO THE TIMES
Excite Inc., a developer of directory and search software for the Internet, said Thursday it will acquire ailing rival the McKinley Group in a stock deal worth about $10 million. The announcement comes three days after directors of trouble-plagued McKinley--founded by Christine and Isabel Maxwell, daughters of the late British press baron Robert Maxwell--removed the privately held company's president amid mounting financial and management difficulties.
BUSINESS
July 8, 1996 | From Reuters
German publisher Burda Holding said Sunday that it is pulling out of the Internet service provider Europe Online. Europe Online said it is negotiating with new investors. Burda, which holds a stake of about 36% in Europe Online, said it had been pressing the company to change its management structure so as to streamline decision making.
BUSINESS
September 20, 1995 | Times Staff and Wire Reports
Europe Online Faces Antitrust Inquiry: The European Commission opened an investigation into an on-line information venture involving three of Europe's biggest publishers amid concern that it will stifle competition. Europe Online, a venture of Pearson, Matra-Hachette and Burda, plans to start offering services before the end of the year. Several of the world's biggest media and telecommunications companies have entered the European market to profit from its rapid expansion.
BUSINESS
May 13, 2005 | From Bloomberg News
Sabre Holdings Corp., the owner of Travelocity.com, agreed Thursday to acquire Lastminute.com of Britain for $1.1 billion to overtake Cendant Corp. as Europe's largest online travel service. Southlake, Texas-based Sabre and competitors Cendant and Expedia, owned by Barry Diller's IAC/InterActiveCorp, are carving up the Internet travel industry as more people buy airline tickets and hotel rooms over the Web.
BUSINESS
August 21, 2012 | By Tiffany Hsu
Looks like Best Buy Co.'s new chief executive has his work cut out for him, with the electronics retailer's profit falling 91% and its stock plunging to a nine-year low. The sour earnings report came the day after Best Buy announced Hubert Joly, head of Radisson and T.G.I. Friday's parent Carlson Cos., as its new chief executive.   The Frenchman brings “ expertise in turnaround and growth ” at “a critical moment,” Best Buy said during the reveal. On Tuesday, the company said its net income in its second quarter, which ended Aug. 4, slid 91% to $12 million, or 4 cents a share, from $128 million, or 34 cents a share, during the same period last year.
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