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New York (AFP) – US online auction giant eBay announced plans Tuesday to spin off PayPal, a move designed to help the unit compete better in the fast-moving online payments segment. More: continued here

Re/code (blog) What the eBay Split Means for PayPalRe/code (blog)One big concern before eBay's decision to spin off PayPal was that eBay wouldn't be able to find a top replacement for former PayPal President David Marcus, without a guarantee of eventual independence for the company. The company today announced … More: …

Yorkshire Post Red letter day as Royal Mail admits Humberside doesn't existYorkshire PostHe said: “I spent years battling Royal Mail behind the scenes, coming to grips with why they couldn't simply remove the outdated county names from the data they sell to their customers. My conclusion was that they could …

EBay Inc said it would spin off PayPal, its fast-growing payments business, into a publicly traded company in the second half of 2015, marking an about-face for the company. EBay Chief Executive John Donahoe had resisted demands by activist investor Carl Icahn to hive off the service, saying PayPal was …

The move, which Carl C. Icahn had called for, will cleave eBay almost in half, separating it from PayPal, which it acquired 12 years ago and now generates almost half eBay’s revenue. More: continued here

Washington, Sept 30 (ANI): Special-edition stamps featuring Batman will be released at New York Comic Con in November to celebrate the 75th anniversary of the character. More: continued here

PayPal is splitting from eBay and will become a separate and publicly traded company next year. Almost a year after billionaire Carl Icahn opened a proxy fight pushing for the spinoff of PayPal, eBay President … More: continued here

Move comes after activist Carl Icahn had pushed for a similar plan for the online marketplace. More: continued here

EBay to Spin Off PayPal, Adopting Strategy Backed by IcahnNew York TimesPayPal was a central focus of a lengthy battle between eBay and Mr. Icahn, who demanded a spinoff of the unit as a way to generate value for shareholders. Such a move, the hedge fund billionaire contended, would highlight …

Fox Business EBay to Spin Off PayPal in 2015Fox Business"A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," eBay Chief Executive John Donahoe said in a statement. More: continued here