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Oct 28- PayPal Holdings Inc's quarterly revenue rose about 14 percent as the company, spun off from eBay Inc, added customers and processed 27 percent more payments on its platform. PayPal, which listed for the second time on the Nasdaq in July, said net income rose to $301 million, or 25 cents per share, in the third quarter ended Sept. 30 from $234 million, or 19 cents per...
Oct 28- Activist investor Carl Icahn said he owns a "large stake" in American International Group Inc and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a systemically important financial institution. AIG's shares shot up as much as 4 percent in heavy trading on Wednesday after Icahn released his proposal,...
Chinese smartphone-maker Huawei has snared former Apple creative director Abigail Brody as its interface designer.
The Chinese e-commerce giant's revenue beat estimates, even as the value of goods transacted on its platform grew more more slowly.
LAS VEGAS, Oct 27- PayPal Holdings Inc, the online payment processor, said on Tuesday its small-business lending program has processed $1 billion in loans in the first two years of its launch and more than doubled loan growth in that span. PayPal Working Capital is extending short-term loans totaling more than $100 million per month, or $3 million per day, to a mix of...
Inside Stubhub's San Francisco's headquarters, its 400 employees work amidst ping pong tables and arena-named conference rooms.
High end auctioneers are turning to online platforms to expand customer base and drum up business.
Some of the biggest tech names reported strong results in the third quarter, but some still face an uphill battle, analyst suggest.
Oct 22- After a surprisingly strong quarter shorn of PayPal, further growth for eBay Inc will rest on its ability to make its website more visible to those searching for items to buy. EBay's shares rose as much as 13.5 percent on Thursday, a day after the company reported a better-than-expected profit for its first quarter since it spun off PayPal Holdings Inc, the...
Some of the names on the move ahead of the open.
U.S. stock futures were higher this morning, with the market trying to avoid its first three-session losing streak of October.
EBay, whose shares were up 8.5 percent after-hours on Wednesday, faces intensifying competition from rivals such as Amazon.com Inc as well as from retailers such as Wal-Mart Stores Inc that are boosting their online presence. "The worst case scenario kind of came off the table," said Steve Weinstein, a senior analyst at ITG Investment Research.
Check out the companies making headlines after the bell Wednesday: AmEx, eBay, Citrix & more.
Oct 21- EBay Inc reported quarterly revenue and profit above analysts' average estimate on Wednesday as its marketplaces business performed better than expected, sending its shares soaring in after-hours trading. EBay's competitors include not only Amazon.com Inc but a growing coterie of brick-and-mortar retailers such as Wal-Mart Stores Inc, Target...
Oct 21- EBay Inc, facing intensifying competition from Amazon.com Inc as well as from traditional retailers, reported a 2.4 percent fall in revenue in its first quarterly results since the spinoff of its PayPal payments business. EBay's net revenue fell to $2.1 billion in the third quarter ended Sept. 30 from $2.15 billion in the same quarter last year.
The Closing Bell team reports on eBay beating low expectations.
Bonds climbed after after Japanese trade data raised concerns about another recession in the world's third-largest economy.
U.S. stock futures were higher this morning, after Wall Street snapped a three-session winning streak as the pace of corporate earnings accelerated.
A hot sports car stock could leave a group of blue chips in its dust, as traders watch earnings reports to see if corporate profits are cooling.
On the heels of the holiday shopping season, commentary from these tech powerhouses could be clues on the state of consumer spending.