Cyberspace: June 22, 2001

The Woolmark Company has launched a new Web site, www.woolmarkinfo.com, with information on market trends, prices, trade statistics, competitive fibers, business briefings and the latest news about the wool industry available to subscribers...New York-based online retailer Bluefly.com eliminated approximately 30 jobs—about 34 percent of its workforce—and announced plans to eliminate some of its marketing and operating expenses in an effort to streamline its business and reach profitability by fourth quarter 2002.