In addition, CEO John Donahoe will step down as CEO of eBay once the split takes effect in 2015.
PayPal hasn't aged so gracefully, but eBay's decision to spin it off next year could give it renewed life. Re/code reports.
Vanguard and BlackRock could be prime destinations for assets that may flee Pimco in the wake of the sudden exit of Bill Gross.
Microsoft plans to offer a glimpse of its vision for Windows this week, as its CEO seeks to recover from missteps with its flagship operating system.
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At the recent UN climate change confab, most leaders were like "deer in headlights," says Terry Tamminen. It's time for action.
The Hibernator in Bear Grills Cafe features an 8,000 calorie breakfast challenge, inspired by Man vs. Food.
After the spectacular blowup and exit at Pimco, a lot of people say Bill Gross is crazy. He's many things—but crazy he is not, says Ron Insana.
Intel has unveiled its latest fitness device the "Basis Peak." Mike Bell, Intel VP of New Devices Group, explains the capabilities, price point and target consumer for the wearable device.
Central bankers are shifting policy due to politics, explains CNBC's Rick Santelli.
Netflix has teamed up with the Weinstein Company to release a squeal of "Crouching Tiger Hidden Dragon." Rich Gelfond, IMAX CEO, discusses the simultaneous release with IMAX theaters.