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EBay to spinoff PayPal

(Reuters) – EBay Inc <EBAY.O> said it would spin off PayPal, its fast-growing payments unit, into a publicly traded company in the second half of 2015. 45 more words

Business News

Google searches for right note in online music business

By Alexei Oreskovic

SAN FRANCISCO (Reuters) – Google Inc is planning new and revamped streaming-music services in coming weeks, searching for a way to stand out in an increasingly crowded field of rivals from Apple Inc and Amazon.com Inc to Spotify. 659 more words

Technology News

EU questions Ireland's tax deal with Apple

BRUSSELS (Reuters) – European Union antitrust regulators have asked Ireland to provide details of its tax arrangements with Apple <AAPL.O> in 1990 and 2007, warning that they could amount to illegal state aid which may be recovered from the U.S. 76 more words

Business News

Launching marketplace, eBay aims to drive consolidation in Russia

By Anastasia Teterevleva

MOSCOW (Reuters) – Internet auction site eBay intends to drive a wave of consolidation in Russia’s e-commerce market over the next couple of years, persuading smaller companies to get on board as the economy weakens. 443 more words

Technology News

Alibaba leads global equity capital markets treasure hunt

By Freya Berry and Elzio Barreto

LONDON/HONG KONG (Reuters) – Global equity capital markets returned with a vengeance in 2014 as bankers, investors and companies led a charge that culminated spectacularly in Alibaba, the biggest share listing ever. 630 more words

Technology News

China regulator approves Apple's iPhone 6 for sale in China

By Paul Carsten

BEIJING (Reuters) – Apple Inc’s <AAPL.O> iPhone 6 can now be sold in China, after the firm received a license for the device to be used on China’s wireless networks. 209 more words

Business News