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Streamline Com Inc

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BUSINESS
November 14, 2000
Streamline.com Inc., which delivers groceries and other items ordered over the Internet, said it is winding down its operations and plans to discontinue service Nov. 22. The company said it also will provide severance to employees and retain a small staff to oversee the sale of its assets. . . . WebMD Corp.'s third-quarter operating loss widened to $65.8 million, or 27 cents a share, from $10.1 million, or 14 cents, a year ago. Analysts expected a 22-cent loss. Revenue climbed to $151.
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BUSINESS
November 14, 2000
Streamline.com Inc., which delivers groceries and other items ordered over the Internet, said it is winding down its operations and plans to discontinue service Nov. 22. The company said it also will provide severance to employees and retain a small staff to oversee the sale of its assets. . . . WebMD Corp.'s third-quarter operating loss widened to $65.8 million, or 27 cents a share, from $10.1 million, or 14 cents, a year ago. Analysts expected a 22-cent loss. Revenue climbed to $151.
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BUSINESS
September 8, 2000 | Associated Press
Online grocer Peapod Inc. said it's ending service in four cities and strengthening operations elsewhere by buying assets of ailing rival Streamline.com Inc. Peapod will stop operations in Houston, Dallas and Austin, Texas, and Columbus, Ohio, and will pay $12 million for Streamline.com's operations in greater Chicago and Washington, D.C. Shares of Westwood, Mass.-based Streamline fell 16 cents to close at 84 cents, and Skokie, Ill.-based Peapod rose 19 cents to close at $2.19, both on Nasdaq.
BUSINESS
July 29, 2000 | From Bloomberg News
Nordstrom Inc. shares fell 18% after the retailer said that fiscal second-quarter profit will miss forecasts and that it will take a charge for the declining value of an investment in an online grocer. The stock dropped $4.06 to close at $18.13 on the New York Stock Exchange after falling to a 52-week low of $16.56, and several analysts cut their ratings on the shares.
BUSINESS
August 17, 2000 | From Bloomberg News and Reuters
Tiffany & Co. said Wednesday that profit surged 70% in the latest quarter, well above analysts' estimates, but some other retailers posted weak earnings on sluggish sales. Tiffany, a luxury retailer known for its signature blue gift boxes, has managed to shine in what has otherwise been a tarnished summer for many retailers. Apparel retailers have been particularly hard hit. Upscale Nordstrom Inc. posted a 21% drop in operating profit, and discount clothing retailer Ross Stores Inc.
BUSINESS
August 18, 1999 | MARC BALLON, TIMES STAFF WRITER
Like Dan Quayle, the Anaheim Angels and lottery players, entrepreneur Dan Frahm faces daunting odds. His Aliso Viejo-based Whyrunout.com, a year-old online grocer, has lost $500,000 and there's no hefty cash infusion in sight. He'll also be facing stiff competition in Orange County, a market that Whyrunout had to itself until recently. One competitor has moved into the territory and two others have their sights set on Orange County. All have deeper pockets than Frahm's business.
BUSINESS
June 19, 2000 | Associated Press
AltaVista Chief Executive Rod Schrock steps into his office in the hills of Palo Alto, his face bearing the strain of efforts to insulate the venerable search engine company from the turmoil rocking the Internet industry.
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