Google Penalizes Overstock for Search Tactics

Google Inc. has penalized Overstock.com Inc. in its search results after the retailer ran afoul of Google policies that prohibit companies from artificially boosting their ranking in the Internet giant’s search engine.

Coldwell Banker Wants to Ship Me to Aruba

The Internet is aswarm with listings of homes for sale. Even Overstock.com has them, appropriately enough in today’s glutted housing market. So how is a real-estate broker to draw Web traffic to yet another listings site? Coldwell Banker Real Estate has just launched a beta site whose features include something called BlueScape, designed to help you figure out what kind of home you’d adore.

Overstock Fires Auditor Over Accounting Dispute; Files 10-Q Anyway

Seriously, Overstock.com has to provide more entertainment value per dollar of market cap than any company in America. Consider yesterday’s developments at the online retailer. The company disclosed in both a press release and an 8-K filing with the SEC that it has fired Grant Thornton as its auditor. Grant Thornton had become the company’s auditor in March, replacing Price Waterhouse.

Overstock: Stifel Downgrades To Sell; Stock Off 24 Percent

Stifel Nicolaus analyst Scott Devitt this morning cut his rating on Overstock.com (OSTK) to Sell from Hold. He notes that the company, which reported second-quarter financial results this morning, trades for 21×2009 EBITA, “the highest multiple in the sector.”