CNBC's Domm: Today's Agenda in the Markets
By: Patti Domm | CNBC Executive News Editor
News Corp.'s Web network MySpace has been in talks for several months with online auction company eBay about a partnership, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
The idea is to let MySpace users buy and sell items from each other using eBay's online-commerce technology and its PayPal payment system, the Journal said, adding that MySpace users would be able to post items for sale on their profiles, and their eBay auctions would be automatically updated, according to a person close to the discussions.
Officials from MySpace and eBay were not immediately available to comment.
Stocks are aiming at higher ground this morning though in the last two days trading has lacked inertia. Cisco will be a standout and investors will look ahead to some big names reporting earnings, including Disney after the bell. European markets are mostly higher, while Tokyo shares retreated overnight to the lowest close since mid January.