Strong PayPal growth boosts eBay's 2Q profitSan Jose Mercury NewsNEW YORK — EBay said Wednesday that its second-quarter net income rose 6 percent, as strong growth from its PayPal payments business offset lower-than-expected revenue that was hampered by a global password reset after a cyberattack. Investors had … More: continued here
Tyrone post office to be named for soldierElmira Star-GazetteA bill introduced by Rep. Tom Reed, R-Corning, and Sen. Kirsten Gillibrand, D-N.Y., to rename the Tyrone Post Office after Specialist Christopher Scott passed the House Monday. The bill next heads to President Obama to be signed into law. Spc. Scott of …and more » More: continued here
A man accused of importing MDMA and cocaine into the ACT using false identities and a series of post office boxes has pleaded not guilty and is set to face trial. More: continued here
Reuters PayPal fuels higher eBay revenue even as cyber attack, rivals weighReutersEbay's stock has fallen more than 8 percent since April, hurt by the cyber attack disclosed in May that compromised data for some 145 million customers, the departure of highly regarded PayPal chief David Marcus, and intensifying competition from both … More: continued here
Opinion: Top 8 misconceptions about hunger, food stamps in NJ and AmericaThe Star-LedgerBy Irwin S. Stoolmacher. There are many widely held misconceptions about hunger in America. The first and most insidious is that there is no hunger in America. This myth is reinforced by deniers such as Rush Limbaugh, who, on his syndicated radio show, ……
EBay Forecasts Sales Short of Estimates After Data BreachBloombergEBay Inc. (EBAY) gave a sales outlook for the third quarter that fell short of estimates as the biggest online marketplace struggles to attract more users after a data breach and changes to Google Inc.'s search engine. Revenue in the current period … More: continued here
A special set of souvenir stamps celebrating the Glasgow 2014 Commonwealth Games has gone on sale. David Wilkie and Robbie Renwick and (front row) Asha Nicolson, Rachel Hollywood and Kate McFarlane launching a set of special stamps to mark the Glasgow 2014 Commonwealth Games, which go on sale today. More: continued here
Reuters LVMH and eBay settle litigation over fake goodsReutersLVMH also claimed that the sale of real perfumes through non-approved distribution channels such as eBay hurt its business. In 2008 a French court ordered eBay to pay LVMH 38.5 million euros ($52.1 million). A subsequent appeal court reduced the sum to …eBay settle court case with LVMH…
News & Observer Strong PayPal growth boosts eBay's 2Q profitNews & ObserverIt was a tough quarter for eBay. In May, the company said a cyberattack compromised user passwords, email addresses and phone numbers, although no financial or credit card information was stolen. It asked all 145 million users to change their passwords.and more » More: continued…
CITY A.M. French antitrust investigation hits Royal MailCITY A.M.French antitrust law allows a fine of up to 10 per cent of a company's world turnover, which would amount to up to £160m for Royal Mail's GLS subsidiary. However, even this would equate to only three per cent of Royal Mail Group's total market cap ……