Carl Icahn Doesn't Even Want to Dignify EBay With a Proxy FightBloombergWhen we last checked in on Carl Icahn's efforts to get eBay Inc. to spin off PayPal Inc., a month ago, I speculated about why Icahn might be pursuing a proxy fight in such a big company. With only …
Read More »6 people lose food stamps due to overspending during outage
Louisiana's social services department has stripped food stamps from six people who deliberately overspent their monthly benefits when the electronic service was down in October. More: continued here
Read More »Carl Icahn’s eBay battle gets nasty – CNN
CNN Carl Icahn's eBay battle gets nastyCNNOn Monday, the activist investor issued an open letter to shareholders of the global commerce company in which he excoriated eBay's (EBAY, Fortune 500) management and board for various alleged conflicts of interest and lapses in corporate governance.Icahn, eBay trade accusations as fight escalatesReutersCarl …
Read More »Cheney: Obama would ‘much rather spend the money on food stamps’ than military – Daily Caller
Opposing Views Cheney: Obama would 'much rather spend the money on food stamps' than militaryDaily CallerFormer Vice President Dick Cheney responded Monday night to the Obama administration's proposal to cut the U.S. Army to its lowest point since before World War II. Calling into Fox News' “Hannity,” Cheney declared the …
Read More »EBay tells Icahn it’s sticking with PayPal – Los Angeles Times
EBay tells Icahn it's sticking with PayPalLos Angeles TimesOn Monday, Icahn said in a blistering letter to shareholders that eBay's"complete disregard for accountability at eBay is the most blatant we have ever seen" and called out two directors and the CEO specifically for "lapses in corporate government.". More: continued here
Read More »Icahn Claims Governance Lapses at EBay – MarketWatch
Icahn Claims Governance Lapses at EBayMarketWatchMr. Icahn last month disclosed holding a 2% stake in eBay and said he was prepared for a proxy fight to win two seats on the company's board and push it to calve off its PayPal unit. But after doing further research, Mr. Icahn said …
Read More »EBay tells Carl Icahn it's sticking with PayPal
Billionaire Carl Icahn has been pressuring EBay to spin off PayPal, its online payment business, but EBay has said it's not interested in separating its fastest growing segment. EBay Inc. and activist shareholder Carl Icahn are escalating their war of words over PayPal. More: continued here
Read More »The Post Office as Payday Lender? Return to Sender – Wall Street Journal
The Post Office as Payday Lender? Return to SenderWall Street JournalMany countries currently provide financial services through post offices. The U.S. Postal Service has a strong brand, a large footprint and even some experience with financial services: It sells money orders and, for about 50 years until 1967, it let …
Read More »Ebay Responds To Carl Icahn’s ‘Mudslinging Attacks’ About Its Board – Business Insider
Ebay Responds To Carl Icahn's 'Mudslinging Attacks' About Its BoardBusiness InsiderEbay responded that it would prefer to discuss the reasons about why the two companies should stay together with its shareholders in a "constructive and substantive" way, rather than through Icahn's "mudslinging attacks." Here's the full letter: New … More: …
Read More »FedEx manager in North Carolina accused of taking packages
Detectives have charged a local Fed Ex facility manager with taking packages, some of which contained iPads. More: continued here
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