CNN EBay reliance on PayPal for growth lowers chances of spinoffReutersThe marketplaces business, eBay's biggest, is growing at a slower rate than both PayPal and eBay rival Amazon.com Inc. PayPal, estimated to be worth as much as $40 billion on its own, helps bolster eBay's share price. And it is key to future growth …EBay Shouldn't…
Russia's New Shipping Rules Hurt EBay, AlibabaBloombergRussia's new rules on express parcels delivered from abroad are benefiting local online stores at the expense of global companies such as EBay Inc. (EBAY) and Alibaba Group Holding Ltd., Renaissance Capital said. Strengthened document checks were …EBay to Alibaba Russia Shipments Impeded in Boon to Local RivalsBusinessweekall 2 news…
CNBC.com EBay dismisses Icahn proposal to spin off PayPalCNBC.comCarl Icahn has taken a stake in eBay and is proposing a spinoff of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor. EBay, which bought PayPal for … More: continued here
EBay Inc is fighting the proposal by activist investor Carl Icahn to spin off PayPal because it views the payments service as crucial to long-term growth prospects of the e-commerce company. The marketplaces business, eBay's biggest, is growing at a slower rate than both PayPal and eBay rival Amazon.com Inc. PayPal, estimated to be worth…
NEW YORK (TheStreet) eBay disclosed Wednesday a small stake taken by Carl Icahn and said the activist investor has proposed a spinoff of the e-commerce company's PayPal division.Icahn also nominated two candidates to eBay's board of directors. His stake amounts to less than 0.82% of the company. In a statement accompanying its fourth-quarter results, eBay…
Shares of eBay Inc. rose before Thursday's opening bell after the company reported increases in profit and revenue for its most recent quarter. EBay also said late Wednesday that activist investor Carl … More: continued here
CNN Icahn Says He Is Prepared for eBay Proxy FightWall Street JournalIn an interview Thursday night, Mr. Icahn said he expects eBay to resist the proposal, as eBay executives and directors have done. "The company seems to be sort of dug in on the fact they don't want to do the PayPal spinoff," Mr. Icahn…
CNN eBay spikes on Icahn proposalCNNEBay said it has previously explored separating PayPal, but decided against it. "EBay is a big contributor to PayPal's growth and expansion," eBay CEO John Donahoe said on a conference call with investors Wednesday. Icahn's proposal for a separation is …EBay Rejects Carl Icahn's PayPal Spin-Off, But Analysts Are OptimisticForbesHigh-profile…
Amazon and EBay Inch Into India's E-Commerce MarketBusinessweekThe problem for the likes of Amazon.com (AMZN) and EBay (EBAY) has been the Indian government's strict rules barring companies backed by foreign money from warehousing their inventory on Indian soil—or selling it directly to the nation's billion-plus … More: continued here
NewsNet5.com Lyndhurst man fights to restore his eBay account after a case of mistaken identityNewsNet5.comMarkell told 5 On Your Side numerous calls to eBay customer service have failed to get his account reinstated, even though he claims the company admitted it's a case of mistaken identity. "Everybody said they are going to investigate, but nobody…