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  • PayPal will be spinning off from parent company eBay later this year at a time when it's facing new competitive challenges. Alibaba, Amazon and even Facebook are promoting online payment systems, while Apple Pay and Google Wallet are competing to handle transactions in stores and on mobile devices. Schulman spoke after an event where PayPal announced new...

  • PayPal facing $25M sanction for illegal credit sign-ups Tuesday, 19 May 2015 | 12:33 PM ET

    WASHINGTON— Federal regulators are proposing that PayPal Inc. pay $25 million to resolve allegations that it illegally signed up customers for its online credit product, used misleading advertising and mishandled billing disputes. If the order is approved by a federal judge in Maryland, PayPal would refund $15 million to customers and pay a $10 million fine.

  • WASHINGTON, May 19- The U.S. consumer financial watchdog on Tuesday accused PayPal of illegally signing consumers up for an online credit product without their permission and directed the company to pay a total of $25 million in fines and consumer redress. The Consumer Financial Protection Bureau said PayPal, eBay Inc's electronic payments division, signed...

  • WASHINGTON, May 19- The U.S. Consumer Financial Protection Bureau on Tuesday said it filed a complaint in federal court accusing PayPal of illegally signing consumers up for an online credit product without their permission. The CFPB said PayPal, eBay Inc's electronic payments division, also engaged in deceptive advertising for PayPal Credit and mishandled...

  • HANGZHOU, China, May 18- When it comes to fighting fakes, Alibaba's head of internet security says cooperation beats the courtroom any day. Ni Liang, who runs the Hangzhou, China- based company's anti-counterfeiting operations, was speaking to Reuters days after Gucci, Yves Saint Laurent and other luxury brands owned by Paris- based Kering SA sued Alibaba in New...

  • NEW YORK, May 15- Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC and Farallon Capital Management, trimmed some of their equity exposure in eBay Inc, but kept high positions in the e-commerce company's shares during the first quarter, according to regulatory filings. MD Sass Investors Services Inc liquidated its position in eBay,...

  • May 15- In an uncharacteristic move, activist investor Carl Icahn's Icahn Enterprises LP made a $100 million investment in Lyft Inc., adding momentum to the ride-sharing company's rapid expansion but leaving its cash pile far behind rival Uber. Technology has been a big part of Icahn's investment focus, with bets like Apple, Nextflix and eBay, but he generally...

  • NEW YORK— Carl Icahn is joining the parade of investors in startups, hitching a $100 million ride with the ride-hailing service Lyft. Icahn owns stakes in Apple, Yahoo, Netflix, Hertz, Gannett and eBay, among many other publicly traded companies. In March, the company raised $530 million and valued itself at $2.5 billion.

  • Intel just scolded eBay's CEO (sort of) Thursday, 14 May 2015 | 4:59 PM ET
    John Donahoe, president and chief executive officer of eBay Inc.

    Intel told eBay CEO John Donahoe that he needs to show up at more board meetings. After a busy 2014, this year is off to a better start.

  • Trader on the floor of the New York Stock Exchange.

    U.S. stocks closed one percent higher on Thursday as investors cheered further weakness in the dollar and calmer bond markets, amid mixed economic data.

  • PayPal will list on the Nasdaq later this year Thursday, 14 May 2015 | 2:49 PM ET

    PayPal, which was founded in 1998, previously traded on the Nasdaq in 2001 under the same ticker, before being acquired by eBay in 2002.. Dan Schulman, who will become CEO and president of PayPal when it spins off from eBay, said in a statement Thursday that the ticker "represents our unbroken commitment to the spirit of the original vision that sparked the launch of...

  • DuPont win over Peltz is a win for investors Thursday, 14 May 2015 | 11:42 AM ET
    Nelson Peltz

    DuPont's win over activist investor Nelson Peltz is a victory for long-term shareholders, says former Medtronic CEO Bill George.

  • BEIJING— The most successful of China's entrepreneurs have created some of the world's biggest companies and amassed stunning fortunes. One of China's best-known entrepreneurs, this former English teacher from the eastern city of Hangzhou is credited with laying the foundation for e-commerce in China by founding Alibaba in 1999 to link Chinese suppliers...

  • BEIJING, May 14- Alibaba Group Holding Ltd will invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority, the Chinese e-commerce leader's new CEO, Daniel Zhang, said. Zhang's comments come at a time when Alibaba aims to maintain its rapid growth even as the prospect of e-commerce saturation at home looms over the...

  • Disruptor 50: No. 18 Personal Capital Tuesday, 12 May 2015 | 7:00 AM ET
    Bill Harris, co-founder and CEO, Personal Capital

    This online financial services firm believes the new model for investing is the combo of tech and seasoned advisors—700,000 users agree.

  • Disruptor 50: No. 44 Nutanix Tuesday, 12 May 2015 | 7:00 AM ET
    Dheeraj Pandey, founder and CEO of Nutanix

    Nutanix simplifies data centers by integrating servers and storage into one solution that can be up and running in an hour or less.

  • Disruptor 50: No. 38 Optoro Tuesday, 12 May 2015 | 7:00 AM ET
    Adam Vitarello (left) and Tobin Moore, co-founders of Optoro

    Optoro's tech platform is helping companies find buyers for excess inventory rather than sending it to liquidators who dump it in landfills.

  • Disruptor 50: No. 33 Klarna Tuesday, 12 May 2015 | 7:00 AM ET
    Sebastian Siemiatkowski,Victor Jacobsson and Niklas Adalberth.

    With its online checkout process bringing in revenue of $300M in Europe in 2014, Klarna is now poised to enter the US market.

  • Why this hot market is suddenly cooling off Monday, 11 May 2015 | 6:50 AM ET
    Employees and sellers of the online marketplace Etsy stand with CFO Kristina Salen on the floor of the Nasdaq as the company went public on April 16, 2015.

    Five of the 50 companies on CNBC's 2014 disruptor list have gone public or been acquired—half the number that graduated from our 2013 list.

  • Moms with moxie that are raising millions Saturday, 9 May 2015 | 11:00 AM ET
    Workers in the Moxie Jean office sorting clothes before they are listed and sold.

    Mommy-run start-up Moxie Jean is an online retailer of gently used kids and maternity clothing. The moms have raised $1.3 million.