techUSA TODAYCarl Icahn had to wait several months, but the activist investor got his way. Online marketplace eBay EBAY announced Tuesday it will split from the mobile payments service PayPal — a spinoff long sought by Icahn — forming two independently traded … More: continued here
Most influential US chefs put on limited-edition stampsMSN NewsFive of the USA's most influential chefs including Julia Child and James Beard have been immortalized on limited edition US postage stamps. The chefs were chosen for “revolutionizing,” the country's culinary landscape by introducing international …U.S. Postal Service gives its emphatic stamp of approval to iconic American…
EBay will spin off PayPal, giving in to Carl IcahnLos Angeles TimesOnline marketplace EBay Inc. is bowing to investor pressure by spinning off its payment business PayPal into a separate publicly-traded company by 2015. Wall Street cheered the news Tuesday and pushed up shares of EBay by 6.8% to $56.24 in morning … More: continued here
US Postal Service Debuts Batman-Themed StampsSuperherohype.comThough the Dark Knight previously appeared on a set of stamps back in 2006, the US Postal Service have revealed (via USA Today) another set featuring the Caped Crusader to mark his 75th Anniversary. Consisting of five stamps, the series will showcase … More: continued here
Forbes The Crocodile And The Shark: Could Alibaba Swallow eBay?ForbesOn Tuesday, eBay eBay announced that it would spin off its PayPal subsidiary by next year, splitting its marketplace from its lucrative payments arm to better realize different core businesses. While the separation puts an end to months of speculation …Without PayPal, eBay could become Alibaba's…
New York Times EBay Does About-Face in Decision to Spin Off PayPalNew York TimesOnly six months earlier, eBay had rejected Mr. Icahn's call to spin off PayPal, the payment processor, which generated nearly half of the overall company's revenue. At the time, management insisted that keeping the company together made more sense.EBay spinning off PayPal…
New York Times EBay spinning off PayPal as separate companyCNNMoneyDevin Wenig, currently president of eBay Marketplaces, will become CEO of the new eBay. The company also announced the appointment of Dan Schulman, an executive of American Express (AXP), to be the president of the PayPal unit until the split, and to …EBay Does About-Face in Decision…
Quake damage, asbestos dust trap mail at post officeNapa Valley RegisterNapa's downtown post office building remains closed for earthquake repairs, leaving some mail trapped inside the Franklin Street location because of quake damage and asbestos contamination. Mail belonging to customers who have P.O. boxes inside the … More: continued here
Napa’s downtown post office building remains closed for earthquake repairs, leaving some mail trapped inside the Franklin Street location because of quake damage and asbestos contamination. More: continued here
ABC News EBay to Split off Lucrative PayPal BusinessABC NewsThe move comes after months of pressure from activist investor and billionaire Carl Icahn, who has a 2.5 percent state in eBay, according to FactSet. EBay CEO John Donahoe had been adamant that splitting off PayPal was the wrong move for the company. More: continued here