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BUSINESS
June 28, 2001 | Bloomberg News
Wall Street is running away from online stocks now that the air has been let out of the Internet bubble. Merrill Lynch & Co. (MER) analyst Henry Blodget said Wednesday he won't publish research anymore on CMGI Inc. (CMGI), which gained a penny to $2.95, and IVillage Inc. (IVIL), which rose 11 cents to $1.52. Prudential Securities Inc. dropped coverage of E-Trade Group Inc. (ET), which fell 2 cents to $6.35.
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FOOD
May 31, 2000 | JENNIFER LOWE
Will online grocery shopping succeed? The jury is far from in as Internet commerce is in the beginnings of a shakeout. It has gone from being the darling of Wall Street to the doghouse, its once bright future in question. Like almost everything else on the Internet, online grocery companies have been infused with capital, but they aren't making money and their stocks have been hammered.
BUSINESS
June 16, 2006 | From Bloomberg News
Amazon.com Inc. said Thursday that it had begun selling groceries to lure shoppers after profit fell last year. The online grocery store sells 15,000 nonperishable items in bulk, including diapers, spokeswoman Tracy Ogden said. The products, which also include rice and detergent, will be shipped free if customers order at least $25 of goods. Amazon.
BUSINESS
November 13, 2000 | From Bloomberg News
U.S. Internet spending will peak this year during an intense three-week period in which consumers will spend billions of dollars on holiday gifts and other items, Jupiter Research is to report today. The frenzied shopping pace will occur because many shoppers will try to order by Dec. 12, the day when many Web sites stop guaranteeing delivery by Christmas under regular shipping rates, said Ken Cassar, a senior analyst for the research firm.
BUSINESS
December 2, 1999 | Bloomberg News
Merrill Lynch & Co. analyst Henry Blodget said Wednesday that Internet companies that focus on selling to consumers could decline after the first of the year as investors focus on the increasing competition in the industry. In a conference call with the firm's sales force and a written report to clients, Blodget did not mention names of stocks that he considers vulnerable to declines.
BUSINESS
June 29, 2000 | Leslie Earnest, Leslie Earnest covers retail businesses for The Times. She can be reached at (714) 966-7832 and at leslie.earnest@latimes.com
Even as online grocer Webvan Group Inc. plans to invade the Southland with its purchase of HomeGrocer.com Inc., Orange County's own home-grown delivery service, WhyRunOut.com, is plotting its own expansion, tied to a partnership with Stater Bros. Markets. WhyRunOut.com said Wednesday it will extend its service to parts of northern San Diego County early next month, shuttling groceries from Stater Bros. stores in Encinitas and Poway to residents in the surrounding communities.
BUSINESS
February 15, 2000 | ROBIN FIELDS, TIMES STAFF WRITER
Shares of Internet retailer Buy.com Inc., which had a surprisingly strong debut last week, have given back in the last two trading sessions most of the gains made when the company went public. After a 19% drop Friday, the Aliso Viejo company's stock fell 21% Monday, or $4.44 a share, to close at $16.94. The shares had traded as high as $35 last Tuesday, its first day on Nasdaq.
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