Stocks Take Another Tumble; eBay Heads Lower – ABC News

Stocks Take Another Tumble; eBay Heads LowerABC NewsICAHN OUT: Ebay's stock dropped on news that Carl Icahn is backing down from his campaign to shake up the company. The e-commerce company has been fighting a push from the activist investor to spin off PayPal, eBay's mobile payment business. Ebay's …and more » …

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Will Settlement of Icahn Rift Help eBay (EBAY) Stock Today?

NEW YORK (TheStreet) —  eBay shares are down 1.2% to $55.33 in premarket trading Thursday. Activist investor Carl Icahn is backing off of demands that eBay spinoff its Paypal online payment business and he's dropping his nomination of two hand picked members to eBay's board.Must Read: Warren Buffett's 10 Favorite Growth …

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eBay ends Icahn dispute with board appointment

Online retail giant eBay said Thursday it had reached a deal with activist investor Carl Icahn, who had demanded a spinoff of the payment division PayPal. Icahn, who had been leading a campaign to split up the e-commerce giant, reached a deal with eBay that calls for the naming of …

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