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>> AMERICAN EXPRESS Latest News

20 HOURS AGO - TheStreet

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EBay Shares Soar on PayPal Spin off: Tech Winners & Losers

SAN FRANCISCO (TheStreet) – eBay ainvestors heavily bid up the stock, after the company announced it would spin off its payment processing arm PayPal. In addition, the online auction giant also announced its embattled CEO John Donahoe would step down once the spin off is completed, which is expected to occur in the second half of next year. Shares of ...

Tags: EBay Shares Soar on PayPal Spin off: Tech Winners & Losers,  American Express Latest News

21 HOURS AGO - TheStreet

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PayPal Getting Spun Off From eBay: What Wall Street's Saying

NEW YORK (TheStreet) - EBay shares surged roughly 8% on Tuesday following the e-commerce company's decision to spin off its payment processing unit PayPal. The split, which is expected to occur in the second half of 2015, will create two standalone businesses that will "capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, and ...

Tags: PayPal Getting Spun Off From eBay: What Wall Street's Saying,  American Express Latest News

SEP 30, 2014 - TheStreet

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What Went Right for eBay and PayPal Under Outgoing CEO John Donahoe

NEW YORK (TheStreet) -- Carl Icahn is certainlyacashing in on eBay's decision to split PayPal from the e-commerce giant, and taking credit for the move, but it was a series of smart decisions by outgoing eBay CEO John Donahoe that set the stage for a successfulaspinoff. It was Donahoe who put both divisions in a position to now stand alone ...

Tags: What Went Right for eBay and PayPal Under Outgoing CEO John Donahoe,  American Express Latest News

SEP 30, 2014 - TheStreet

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Stock Market Today: Futures Higher as Wall Street Cheers eBay

NEW YORK (TheStreet) -- U.S. stock index futures were pointing to a rebound on Wall Street Tuesday as investors awaited a fresh round of economic data including consumer confidence figures and cheered eBay's plan to split off its PayPal business into an independent publicly traded company. Dow Jones Industrial Average futures were up 48 points, or 46.78 points above fair ...

Tags: Stock Market Today: Futures Higher as Wall Street Cheers eBay,  American Express Latest News

SEP 30, 2014 - Business Insider

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EBAY TO SPIN OFF PAYPAL (EBAY)

EBay will spin off PayPal into its own business starting next year. PayPal, the online payments juggernaut, is seen as the real crown jewel of the eBay business. And investors have been clamoring for a way to unlock PayPal's value. EBay's stock shot up 11% on the news. The activist investor Carl Icahn in particular has been a big advocate ...

Tags: EBAY TO SPIN OFF PAYPAL (EBAY),  American Express Latest News