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Charles Schwab & Co., Inc.
Email Alert Internet Daily for Friday, November 16, 2001 by Frank Barnako CBS MarketWatch.com NetLibrary's unhappy ending Net Library Inc., founded to share university library resources and costs, filed for bankruptcy. The Online Computer Library Center has made an offer to buy the 4-year-old Dublin, Ohio, company's assets including 40,000 digitized versions of books for $10 million. "Ebooks complement our growing ejournal collection and provide exciting new synergies for our cataloging, resource sharing, reference and digital preservation services," said OCLC President Jay Jordan. ----------------------------------------------------------------- President gets Net tax ban bill Legislation exempting the Internet from state and local taxes is awaiting a signature from President Bush for it to become law. The U.S. Senate OK'd the bill yesterday. It protects the Web from levies until November 1, 2003. One study suggests states lose $13.3 billion in uncollected sales taxes on Web commerce. ----------------------------------------------------------------- GM to park ebusiness inside General Motors will move its ebusiness division under the company's corporate wing, according to The Wall Street Journal. Mark Hogan, head of the 100-person eGM unit, said "We're on a migration path to weave it into the organization." Hogan expects to find another position within GM, he said. GM is still interested in exploiting the Web, but "people are doing a lot less arm-waving about it" with the end of the Internet bubble. ----------------------------------------------------------------- AOL.com redesigned AOL Time Warner's AOL.com Web site has been reworked to make its member services, including Instant Messenger and email, more easily accessible on the Net. The page is substantially less complicated or busy than its previous form, offering links to categories of information, but not highlighting numerous content items. ----------------------------------------------------------------- For late-breaking market news you can't afford to miss, go to http://CBS.MarketWatch.com/ ================================================================ LOGIN to access your account: https://investing.schwab.com/trading/start ---------------------------------------------------------------- To unsubscribe or modify your Email Alert customization options, log in using the link below or copy and paste it into your browser's address window: https://investing.schwab.com/trading/start?SANC=EAMyAlerts ---------------------------------------------------------------- Notice: All email sent to or from the Charles Schwab corporate email system may be retained, monitored and/or reviewed by Schwab personnel. (0801-11478) Copyright 2001 CBS MarketWatch. All rights reserved. Commercial use or redistribution in any form, printed or electronic, is prohibited. Distribution by Quris, Inc.
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