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A New Jersey congressman is demanding an investigation after Bruce Springsteen fans were unable to buy tickets from Ticketmaster's Web site — which then promptly offered them more expensive tickets from a subsidiary. U.S. Rep. Bill Pascrell of Paterson wants the Federal Trade Commission and Justice Department to investigate possible conflicts of interest involving Ticketmaster and a ticket reseller it owns, TicketsNow.
Amazon.com Inc., the world’s largest online retailer, topped sales and profit estimates yesterday after its biggest holiday season ever, outpacing EBay Inc. and its e-commerce rivals.
With the recession pummeling states' budgets, their governments increasingly want to fill the gaps by collecting taxes on Internet sales, which are growing even as the economy shudders.