EBay is splitting off its fastest growing segment, payment service PayPal, the e-commerce company said Tuesday. Investors applauded the news, sending eBay's shares up nearly 7 percent in morning trading. … More: continued here
Read More »EBay follows Icahn's advice, plans PayPal spinoff in 2015
By Supantha Mukherjee (Reuters) – EBay Inc plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn's argument for a leaner company better equipped to compete in the competitive mobile payments market. EBay's shares rose as much as 8 percent after the …
Read More »EBay Will Spin Off PayPal Into a Separate Company
EBay is breaking away from PayPal, turning its payments operation into a separate, publicly traded company. “ebay and PayPal will be sharper and stronger, and more focused and competitive as leading, standalone companies in their respective markets,” eBay CEO John Donahoe said in a statement on the move, announced early …
Read More »BABA Stock – Should Alibaba Buy eBay? – Investorplace.com
BABA Stock – Should Alibaba Buy eBay?Investorplace.comOn Tuesday, investors learned that eBay will finally spin off PayPal, its mobile payment arm, sometime in 2015. The split will separate the legacy auction and e-commerce company from the fast-moving PayPal segment. Without the attractive mobile …and more » More: continued here
Read More »PayPal goes mobile, to split from eBay in 2015 – News & Observer
News & Observer PayPal goes mobile, to split from eBay in 2015News & ObserverFILE – In this Wednesday, Feb. 27, 2013, file photo, attendees walk in front of an EBay and PayPal display area at the Mobile World Congress, the world's largest mobile phone trade show, in Barcelona, Spain. PayPal …
Read More »Don’t Shut the Post Office, Expand Their Services – WHAV News
Don't Shut the Post Office, Expand Their ServicesWHAV NewsYet, the Postal Board of Governors, which includes corporate interests that would profit by killing the public service, seems intent on – guess what? – killing it. The board's only “idea” is to cut services and shut down hundreds of local post …
Read More »EBay and PayPal in play: Pros
EBay's about-face to split its PayPal and marketplace businesses likely makes each of them acquistion targets, analysts tell CNBC. More: continued here
Read More »Ed Goldman: Strapped for cash, the U.S. Post Office takes on part-time job – Sacramento Business Journal (blog)
Ed Goldman: Strapped for cash, the U.S. Post Office takes on part-time jobSacramento Business Journal (blog)The news comes less than two months after I wrote that the post office was already working as a subcontractor, delivering an average of 2.2 million packages a day for Fed-Ex (about 30 percent of …
Read More »eBay and PayPal to split: Here’s what you need to know
eBay (EBAY) shares are higher after the company announced it will split with PayPal sometime next year. After the split the two will trade as entirely separate companies, bringing to fruition a plan very much like the one laid out by shareholder activist Carl Icahn 9 months ago. More: continued …
Read More »EBay Reverses Course, Decides to Spin Off PayPal – Wall Street Journal
Wall Street Journal EBay Reverses Course, Decides to Spin Off PayPalWall Street Journal"For more than a decade, eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value," eBay Chief Executive John Donahoe said. "However, a thorough strategic review with our board shows that keeping …Ebay …
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