Carl Icahn digs in on his criticism of eBay's management and weighs in on Bill Ackman again.» Read More
Amid the dispute between Carl Icahn and eBay, Steve Case, The Case Foundation founder & chairman, discusses how boards should deal with investor activism.
March 10- EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting. EBay said since each Icahn nominee currently sits on four public company boards, they are not in compliance with eBay's guidelines on "overboarding.
March 10- EBay Inc in a preliminary proxy statement on Monday urged its shareholders to vote against the two directors whom activist investor Carl Icahn nominated to its board. Icahn, who owns just over 2 percent of eBay, has also been pressuring the company for weeks to spin off its PayPal payments business.
CNBC's Andrew Ross Sorkin reports eBay will be putting out a statement rejecting Carl Icahn's efforts to put two of his own board members on eBay's board.
*Tencent buys 15 pct of e-commerce firm JD.com for $215 mln. BEIJING, March 10- Tencent Holdings Ltd's new partnership with China's No. 2 online retailer JD.com takes aim at dominant rival Alibaba's Achilles heel- its weakness in mobile- in a move set to reshape the country's e-commerce industry.
*Tencent buys 15 pct stake in e-commerce firm JD.com for $215 mln. BEIJING, March 10- Tencent Holdings Ltd will buy a 15 percent stake in e-commerce firm JD.com for $214.7 million, as the two seek to challenge Alibaba Group Holding's dominant position in online shopping in China.
eBay fell$. 24 or. 4 percent, to $59.06. Google fell $4.82 or. 4 percent, to $1214.79. Groupon Inc. rose$. 08 or. 9 percent, to $8.60.
There seems to be counterattacks on many levels in Silicon Valley, reports CNBC's Jon Fortt with the latest details on the struggle to break PayPal away from eBay.
eBay fell$. 26 or. 4 percent, to $59.04. Google fell $1.91 or. 2 percent, to $1217.70. Groupon Inc. fell$. 02 or. 2 percent, to $8.50.
eBay rose$. 44 or. 7 percent, to $59.30. Google rose $1.35 or. 1 percent, to $1219.61. Groupon Inc. fell$. 05 or. 6 percent, to $8.52.
He has sparred with eBay management via open letters and press releases since January, when eBay said the pugnacious billionaire had made an unsolicited proposal for eBay to hive off PayPal and nominated two directors to the eBay board. EBay has repeatedly said that eBay and PayPal are better off together.
SAN FRANCISCO, March 6- Founders Fund, the venture-capital firm behind startups like space exploration company SpaceX and data-mining company Palantir Technologies, said it had raised $1 billion for its latest fund. In addition to Nosek, Founders Fund V will be led by partners Ken Howery, Brian Singerman, Peter Thiel, Lauren Gross, Geoff Lewis and Scott Nolan.
Some of Thursday's midday movers:
In a blog post, LinkedIn's co-founder Reid Hoffman criticized Carl Icahn for his short-term thinking on spinning out PayPal. CNBC's Jon Fortt, and Kara Swisher, Re/code co-executive editor, provide perspective on the debate.
He has sparred with eBay management via open letters and press releases since January, when eBay said the pugnacious billionaire had made an unsolicited proposal for eBay to hive off PayPal and nominated two directors to the eBay board. But eBay has repeatedly said that eBay and PayPal are better off together.
CNBC's Jim Cramer weighs in on splitting PayPal from eBay.
March 6- Activist investor Carl Icahn told eBay Inc shareholders on Thursday he has "not yet begun to fight" in his push to get the e-commerce company to spin off its PayPal payments unit.
CHICAGO-- A father, mother and daughter from a posh Chicago suburb stole $7 million in merchandise during a decadelong shoplifting spree _ traveling to stores nationwide and targeting dolls, toys, cosmetics and other valuables _ according to a federal complaint released Wednesday.
The widening income gap between the wealthy and those left behind in Silicon Valley is sparking debate, anger and sporadic protests.
Reid Hoffman criticized Icahn’s campaign against eBay, arguing it is rooted in short-term thinking that runs counter to the focus on long-term growth.