Forbes Icahn Calls For Ebay To Spin Off 20% Of PayPal In An IPOForbesCarl Icahn fired off another letter to eBay eBay shareholders today, purposing that it spin off 20% of its PayPal division in a public offering. Icahn held back the verbal punches he's thrown at eBay CEO John Donahoe and board members Marc…
A tiered pricing system for stamps, announced by Canada Post in December, will go into effect on March 31. More: continued here
Former Spring Lake Post Office employee sentenced for stealing mailThe Muskegon ChronicleSPRING LAKE, MI – A former employee of the Spring Lake Post Office has been sentenced to probation, community service and restitution for stealing customers' mail in 2010. Robin Renee Smith pleaded guilty to one count of embezzlement of mail matter by … More: continued…
In yet another open letter to eBay shareholders, the activist investor outlines a scheme in which the online marketplace sells off part of PayPal. Originally posted at News – Internet & Media More: continued here
Mrs. Helen Leone Paty StampsCovington NewsHelen Leone Paty Stamps, age 89¾, passed away March 17 as a result of complications following a fall. Helen attended Duke University for two years, transferring during WWII to Agnes Scott College, where she graduated in 1945. She served as a Navy … More: continued here
Activist investor Carl Icahn on Wednesday called on eBay Inc to sell 20 percent of its PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spinoff. Icahn in January called for eBay to hive off its fast growing PayPal business, arguing the unit is undervalued…
The shipping company's third-quarter earnings edged 4.7% higher, but FedEx missed Wall Street estimates as poor weather dragged down volumes. More: continued here
eBay Inc (EBAY): Activist Interest Creates Risk For InvestorsValueWalkStifel Equity Trading Desk analysts Jordan E. Rohan, Michael B. Purcell and Alex Chavdaroff rate eBay Inc (NASDAQ:EBAY) as a Hold. Analysts at the research firm believe activist interest in a Paypal spin has put long-term eBay shareholders in a tough spot. More: continued here
Memphis, Tenn. (TheStreet) — Severe winter storms cost FedEx $125 million in its fiscal third quarter, causing the company to miss earnings estimates and to reduce guidance for the remainder of the fiscal year. The overnight shipping company reported earnings of $378 million, or $1.23 a share, for the quarter ended Feb. 28. Analysts surveyed by Thomson…
* FedEx and Oracle fall after results, Adobe higher * Futures up: Dow 22 pts, S&P 2.9 pts, Nasdaq 7.5 pts (Adds FedEx results) NEW YORK, March 19 (Reuters) – U.S. stock index futures pointed to a slightly higher open on Wednesday, putting major indexes on track for a third day of gains, as investors…