IRVINE, Calif., May 30, 2000 (PRIMEZONE) -- IBC reported today that E*Trade Group (Nasdaq:EGRP) and Ernst & Young signed a letter of intent to establish a new company that will provide financial advice for investors by creating a personal electronic advisory service for E*Trade's growing 2.6 million customer accounts. The companies will each contribute $25 million to the joint venture.
France Telecom (NYSE:FTE) said it would buy British-based mobile phone company Orange from Vodafone Airtouch (VOD:NYSE), in a deal valued at $37.32 billion.
News brief sponsored by http://www.ibchannel.com/channels/voip/
About IBC
IBC's flagship business and finance portal, ibchannel.com, is one of the most well known destinations on the Internet. IBChannel.com has aligned with premier media companies including CNBC, Bloomberg, Raging Bull, The Street, and CNN, as well as the highest quality online financial content providers IPO.com, Morningstar, MarketXT, and StockPoint.
IBC Inc.'s business model is an innovative twist on traditional venture capital companies. Similar to Idealabs!, IBC is an e-business development bank that consults, incubates, develops, and grows global emerging growth companies in exchange for equity. IBC provides turnkey operational solutions to deriving revenues and enhancing public awareness for its partners by implementing advertising, marketing, media placement, strategic partnerships, and branding strategies.