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  • SAN FRANCISCO, July 1- PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc.. The acquisition would allow Xoom to expand into new markets with less execution risk, Xoom CEO John Kunze...

  • July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...

  • NEW YORK— Ebay's PayPal unit is buying Xoom for $890 million cash in a bid to expand into international money transfers. Xoom is a San Francisco- based digital money transfer provider. PayPal said Xoom's presence in 37 countries including key markets like Mexico, India, the Philippines, China and Brazil will accelerate its expansion.

  • July 1- PayPal Inc said it would buy digital money transfer provider Xoom Corp for about $890 million in enterprise value as it tries to expand in markets such as Latin America, India and China ahead of a spinoff from eBay Inc.. The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom's Wednesday closing price of $20.70.

  • July 1- PayPal Inc, the electronic payments division of eBay Inc, said it would buy digital money transfer provider Xoom Corp for about $890 million in enterprise value. The offer price of $25 per share represents a premium of 21 percent to Xoom's Wednesday closing price of $20.70. Paypal said the deal, expected to close in the fourth quarter of 2015, will slightly...

  • *Capital controls prevent transfers of cash out of Greece. LONDON, June 30- Monday was the day the music died for thousands of song downloaders and music streamers in Greece. Transfers of funds out of Greece were banned to prevent a collapse of the banking system after Prime Minister Alexis Tsipras rejected the terms of a bailout offer from international lenders.

  • Capital controls mean Greeks can click, but not buy Tuesday, 30 Jun 2015 | 10:31 AM ET

    *Capital controls prevent transfers of cash out of Greece. LONDON, June 30- Monday was the day the music died for thousands of song downloaders and music streamers in Greece. Transfers of funds out of Greece were banned to prevent a collapse of the banking system after Prime Minister Alexis Tsipras rejected the terms of a bailout offer from international lenders.

  • Amazon expands loan business to 8 other countries Monday, 29 Jun 2015 | 9:45 AM ET
    An employee walks over a logo on the floor of Amazon.com Inc.'s fulfillment centers in Rugeley, U.K., on Monday, Dec. 2, 2013.

    Amazon.com will launch its business loan program for small sellers later this year in eight more countries including China.

  • Early movers: NBG, JPM, M, GCI, TWTR & more Monday, 29 Jun 2015 | 7:52 AM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on June 8, 2015 in New York City.

    Some of the names on the move ahead of the open.

  • CHICAGO, June 29- Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. The countries are Canada, China, France, Germany, India, Italy, Spain and the United Kingdom. Small businesses have high failure...

  • NEW YORK— PayPal will start trading on the Nasdaq on July 20 under the "PYPL" ticker after its split from parent company eBay. PayPal has long been eBay's fastest growing segment. EBay has said it plans to focus on growing its 25 million sellers and 157 million active buyers, particularly small- and medium-size merchants that make of 70 percent of the global retail...

  • Corporate America is marching with gay pride Friday, 26 Jun 2015 | 8:00 AM ET
    Corporations like Google have supported same-sex marriage for years.

    Long before marriage equality, Corporate America embraced gay-pride parades across the nation, says Jordan Roth.

  • The move comes days after Apple CEO Tim Cook called on people in a tweet to honor the victims of the Charleston, South Carolina, church shooting by eradicating racism and the symbols that feed it. Apple Inc., which is based in Cupertino, California, is the latest company to distance itself from the divisive symbol after the shooting suspect, Dylann Storm Roof,...

  • June 25- Apple Inc has removed several civil war games featuring Confederate flags from its App Store, some game developers said. Retailers such as Wal Mart Stores Inc and Sears Holdings Corp have stopped selling the flag. Google Inc, Amazon.com Inc and eBay Inc on Tuesday also pulled Confederate flag merchandise from their shopping sites.

  • WASHINGTON— The head of the House Oversight Committee said Thursday it "defies any sense of logic" that IRS employees mistakenly erased computer backup tapes containing thousands of emails related to the tax agency's tea party scandal. The IRS inspector general told the committee that IRS workers erased hundreds of computer backup tapes that "most likely"...

  • World’s kitchens brace for olive oil shock Wednesday, 24 Jun 2015 | 11:15 PM ET

    Foodies brace yourselves: The world is facing an oil shock — of the extra virgin olive sort. The Financial Times reports.

  • Who will sell Confederate flags now? Wednesday, 24 Jun 2015 | 2:55 PM ET
    The Confederate flag flies on the Capitol grounds in Columbia, South Carolina.

    As Wal-Mart, Sears, eBay, Target, Amazon and Etsy.com drop their Confederate products, smaller stores are catering to customers.

  • SHANGHAI, June 24- Chinese e-commerce giant Alibaba Group Holding Ltd joined American retailers on Wednesday in pledging to pull down links to products displaying Confederate flag imagery in the wake of last week's mass shooting at a historic black South Carolina church. "Alibaba Group prohibits listings of materials that are ethnically or racially...

  • CHARLESTON, S.C., June 23- Prominent U.S. flag makers said on Tuesday they will stop manufacturing and selling Confederate battle flags in the wake of last week's attack on worshipers at a black church in Charleston, South Carolina. Reggie VandenBosch, vice president of sales at the privately owned Valley Forge Flag, said the Pennsylvania- based company came to the...

  • *Retailers including Amazon and Wal-Mart stop selling flag. COLUMBIA, S.C., June 23- An initiative to remove the Confederate flag from the South Carolina State House grounds picked up steam on Tuesday, a week after the massacre of nine black church members, and criticism over the emblem long associated with slavery spread to other U.S. southern states.