By Pia Heikkila, 3 November 2000 12:13
NEWS The company will fire 87 of its 535-strong workforce. The company announced redundancies due to lower-than-expected revenues. Heidi Miller, the company's CFO, also resigned yesterday - a further setback to the company. Priceline.com had to close one of its reverse auction sites earlier last month because it ran out of money. The service, WebHouse Club, had been up and running for two years and allowed users to bid for food and petrol. The company claimed it was not viable because suppliers were not willing to provide sufficient discounts. In the UK, foodoo.com, the online food and drink retailer, has folded after the firm failed to secure £30m it needed to continue operating. The venture attracted UK celebrity chefs including Gordon Ramsay.
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1. Philip N. Canant
I purchased two tickets to Honolulu thru the E-tickets. At the time of departure my wife fell sick with a virus and could not fly at that time.I read the fine print at the bottom of the E-mail and it states if we don,t fly as scheduled then we lose the money we bought the tickets with no rescheduling or any recourse. that also true with the prepaid car rental at Honolulu. If this is true I will never use Price-line again. If Ichange my mind on the trip thats understandable but sickness???????????????