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EBay Says Icahn Proposes PayPal Spinoff

EBay Inc. (EBAY) said activist investor Carl Icahn has acquired less than 1 percent of the company and is nominating two of his employees to join the board, sending shares of the largest online marketplace surging. More: continued here

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EBay surges on results, Icahn proposals

SAN FRANCISCO (MarketWatch) — EBay Inc. on Wednesday reported a fourth-quarter profit of $850 million, or 65 cents a share, on revenue of $4.5 billion, compared with earnings of $751 million, or 57 cents a share, on $3.99 billion in sales in the year-ago period. Excluding one-time items, eBay would …

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eBay Earnings: What to Watch

When eBay delivers fourth-quarter earnings after the close of trading Wednesday, investors will be keen to see how the results stack up against the company’s conservative guidance, and whether the PayPal online payments business continues its strong growth amid stiffer competition. Here’s a cheat sheet on what to expect. More: …

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