Stocks fell for another session on Tuesday.» Read More
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Apple Inc s rose$. 55 or. 5 percent, to $100.66. Hewlett Packard Co. rose$. 14 or. 4 percent, to $35.11. International Business Machines Corp. fell$. 09 or percent, to $189.55.
E-commerce company eBay said Tuesday that it is spinning off its mobile payment service PayPal into a separate and publicly traded company next year. The companies have been intertwined since eBay bought PayPal 12 years ago for $1.3 billion. Ebay connects buyers and sellers, and both can use PayPal to make or accept payments.
The ZTE ZMAX phablet aims to separate itself from Apple's iPhone 6 Plus by featuring a bigger screen at a cheaper price.
Companies making headlines before the bell Tuesday:
EBay's about-face to split its PayPal and marketplace businesses into separate companies could make each acquisition targets, analysts tell CNBC.
Wall Street index futures traded higher on Tuesday, with Apple and Netflix in focus against a backdrop of social unrest in Hong Kong.
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.
PayPal hasn't aged so gracefully, but eBay's decision to spin it off next year could give it renewed life. Re/code reports.
Microsoft has signed a lease to open its first flagship store on New York's Fifth Avenue just five blocks away from Apple's glass building.
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.
NEW YORK— EBay is splitting off its fastest growing segment, payment service PayPal, the e-commerce company said Tuesday. The 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. Acquired by eBay in 2002 for $1.3 billion, PayPal became eBay's fastest-growing segment.
SAN FRANCISCO, Sept 30- Google Inc is planning new and revamped streaming-music services in coming weeks, searching for a way to stand out in an increasingly crowded field of rivals from Apple Inc and Amazon.com Inc to Spotify. Nailing music is one way for Google to raise chances of continued success as people spend more time on mobile devices.
BRUSSELS— Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union's competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker's overseas tax practices.
BRUSSELS, Sept 30- The European Union has accused Ireland of giving Apple Inc. illegal state aid through tax arrangements that had "no scientific basis" but which helped the iPhone maker shelter tens of billions of dollars in international revenues from tax.
*Apple denied existence of backdoors to ministry. BEIJING, Sept 30- The iPhone 6 will be sold in China from Oct 17, after rigorous regulator scrutiny led to Apple Inc reassuring the Chinese government that the smartphones did not have security "backdoors" through which U.S. agencies can access users' data.
BEIJING— China's phone regulator said Tuesday it has approved Apple Inc.' s iPhone 6 for use on Chinese networks after the company promised never to install "backdoors" to give other governments access to users' information.
Jim McCaughan, CEO of Principal Global Investors, and Yannick Naud, portfolio manager at Sturgeon Capital, discuss the European Commission's view that tax deals granted by Ireland to Apple constitute illegal state aid.