In addition, CEO John Donahoe will step down as CEO of eBay once the split takes effect in 2015.» Read More
NEW YORK— PayPal's split from long-time partner eBay Inc. makes Carl Icahn mighty happy. Icahn, who months ago called on eBay to spin off the lucrative online and mobile payment service, continues to believe that the payments field must be consolidated, either by PayPal buying up smaller rivals or by merging with another major player.
School spending by affluent is widening wealth gap. WASHINGTON— Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they'll count the ways:.
Sept 30- EBay Inc agreed on Tuesday to spin off its payments unit, PayPal, in the second half of 2015, after rebuffing activist investor Carl Icahn's proposal in January. Following are comments by eBay Chief Executive John Donahoe on PayPal spinoff since then:.
BOSTON, Sept 30- Third Point LLC, the hedge fund run by Daniel Loeb that is known for pushing companies to perform better, has taken a "significant" stake in eBay Inc and has had discussions with its chief executive officer, a source familiar with the matter said on Tuesday.
BOSTON, Sept 30- Hedge fund manager Daniel Loeb's Third Point LLC has taken a "significant" stake in online marketplace EBay Inc and had discussions with its chief executive officer, a source familiar with the matter said on Tuesday. The company announced earlier on Tuesday that it agreed to spin off its PayPal unit.
Sept 30- 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. The news of the tax-free spinoff to shareholders sent eBay's shares up 10 percent to $58.15 in premarket trading.
Sept 30- 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 integral to eBay's business- and vice versa.
NEW YORK— PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger Apple Pay. For eBay, the challenge will be how to drive revenue without its fastest-growing division.
NEW YORK— A suddenly stormy month on the stock market came to a quiet end on Tuesday. Ford Motor fell after cutting its profit forecast, while eBay jumped after announcing plans to spin off PayPal.
1. "The Equalizer," Sony, $34,137,828, 3,236 locations, $10,549 average, $34,137,828, 1 week. 2. "The Maze Runner," 20th Century Fox, $17,437,020, 3,638 locations, $4,793 average, $57,955,347, 2 weeks. 3. "The Boxtrolls," Focus Features, $17,275,239, 3,464 locations, $4,987 average, $17,275,239, 1 week.
Trump Entertainment Resorts seeks to end pension contributions for unionized workers to save the Taj Mahal casino.
ATLANTIC CITY, New Jersey— Billionaire Carl Icahn is considering spending $100 million to save the Trump Taj Mahal casino from closing.
NEW YORK— Flexing his star power, Denzel Washington led the thriller "The Equalizer" to a $35 million debut, according to studio estimates Sunday. "He's the very model of box-office consistency," said Paul Dergarabedian, senior media analyst for box-office tracker Rentrak.
Super broker Dolly Lenz provides insight to her new $4.3 million Manhattan listing, which was used as a location in the film "9 1/2 Weeks."
SAN FRANCISCO— Yahoo CEO Marissa Mayer is getting some unsolicited advice on how to turn around the long-struggling Internet company, just like some of her predecessors who tangled with investors dissatisfied with management's performance.
Carl Icahn is mulling whether to infuse the Trump Taj Mahal with $100 million, but only with a specific set of caveats, the New York Post reports.
John Burbank, head of $4 billion Passport Capital, is bullish on innovative American companies.
The young-adult adaptation "The Maze Runner" raced to the top of the box-office with $32.5 million.
The 20th Century Fox release easily outpaced the $13.1 million debut of Liam Neeson's hardboiled private eye thriller "A Walk Among the Tombstones" and the $11.9 million opening for the ensemble-cast dramedy "This Is Where I Leave You," according to studio estimates Sunday.
Calgary- based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38 billion pipeline operator as a break-up candidate, people close to the matter said.