By Phil Wahba NEW YORK (Reuters) – EBay Inc and Carl Icahn ended their proxy fight on Thursday as the activist investor dropped his proposal that the e-commerce company split off its PayPal payments unit and withdrew his two nominees for the eBay board. Icahn in January called for the company to hive off its fast-growing PayPal business, arguing the unit is undervalued as part of eBay. In the …
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EBay Inc. said Monday PayPal President David Marcus is leaving the company to join Facebook Inc. Marcus is leaving June 27 to become head of Facebook's messaging products business. More: continued here
Dealers Finding New Paths To E-Commerce ParityTwiceBetween thirdparty marketplaces, transactional sites like eBay, and the scores of e-tail services offered by industry buying groups, even the smallest independent dealers can readily leverage the web's low barrier of entry to create an outsized …and more » More: continued here
Dread Central Piece of Maryland film history up for auctionABC2 NewsA metal "Welcome to Burkittsville" sign similar to the ones seen in the Blair Witch Project should be up for bids on eBay this weekend. …Maryland 'Blair Witch' town to auction signThe Associated Press'Blair Witch' town to auction signWTOPall 140 news articles » More: continued here
EBay expected to post higher 2nd-quarter results thanks to PayPal, e-commerce …Washington PostNEW YORK — EBay Inc. is expected to post sharply higher earnings and revenue in the second quarter on Wednesday, helped by its online payments service and by strength in the e-commerce business that includes its flagship website.and more » More: continued here
Forbes EBay Offers Disappointing Outlook On The Heels Of A No-Growth QuarterForbesEBay certainly didn't inspire investor confidence in the newly-independent company with its forward guidance. For the current quarter, the company sees revenue in the range of $2.05 billion to $2.1 billion, below consensus estimates of $2.16 billion …EBay shares sink as strong dollar, competition…
Zee Business eBay to sell Flipkart stake for about $1.1 bn; relaunch eBay IndiaZee BusinessUS-based eBay today said it plans to sell its stake in Flipkart for about $1.1 billion, and will relaunch eBay India focusing initially on cross border trade opportunity. The statement by eBay came after Walmart Inc announced that it is buying…