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Stock Market & Financial Investment News

News Breaks
March 18, 2014
14:30 EDTLGF, EBAYIcahn says eBay, like Lionsgate, trying to hide the truth
Carl Icahn, in his latest open letter to stockholders of eBay (EBAY), stated that on March 13 the SEC charged Lions Gate Entertainment (LGF) with failing to fully and accurately disclose to investors a key aspect of its effort to thwart Icahn's 2010 takeover bid and Lions Gate agreed to pay $7.5M and admit wrongdoing to settle the SECís charges. In the letter, which was posted to the Shareholders' Square Table website, Icahn compares that case to his current dispute with eBay. "While the board [of eBay] and its advisors may try to use tricks and technicalities to keep documentary evidence of malfeasance out of the hands of stockholders, I believe that ultimately truth will win out," Icahn wrote. Reference Link
News For EBAY;LGF From The Last 14 Days
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March 26, 2015
06:05 EDTEBAYPayPal agrees to $7.7M settlement over sanction violations, AP says
eBay's PayPal has agreed to a $7.7M settlement with U.S. regulators who alleged the company allowed violations of sanctions against Iran, Cuba, and Sudan, reports the Associated Press, citing statements by the Office of Foreign Assets Control. The agency claimed PayPal failed to properly screen certain payments that occurred from October 2009 to April 2013. Reference Link
March 25, 2015
15:24 EDTEBAYU.S. Treasury says PayPal to pay $7.7M on sanctions violations, Dow Jones says
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08:07 EDTLGFLionsgate announces Zygi Kamasa to continue serving as Lionsgate UK
Lionsgate announced Zygi Kamasa has entered a new long-term agreement to continue serving as Chief Executive Officer of Lionsgate UK and to assume additional new responsibilities as CEO of Lionsgate's European Office.
March 23, 2015
09:16 EDTEBAYeBay says making 'solid' progress on separation of PayPal
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09:16 EDTEBAYeBay adds two independent directors in preparation for PayPal separation
eBay (EBAY) announced the appointment of two new independent directors in anticipation of completing its previously announced separation of eBay and PayPal. Tony Bates, President of GoPro (GPRO), and Gail McGovern, President and CEO of the American Red Cross, have been appointed to eBay Inc.ís board of directors. eBay also announced that current directors William C. Ford and Richard T. Schlosberg, who have served for 10 years and 11 years, respectively, have advised the company that they do not plan to stand for re-election to the board at the 2015 Annual Meeting. With the appointment of Bates and McGovern, eBay's board currently is comprised of 17 directors, 15 of whom are independent. Following the companyís Annual Meeting, which will be held on May 1, eBayís board will be comprised of 15 directors, 13 of whom will be independent. Additionally, eBay announced that Jonathan Christodoro has been elected to its board as part of the previously announced standstill agreement with Carl Icahn, the companyís largest active shareholder.
March 22, 2015
18:46 EDTLGFLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
16:05 EDTLGFLionsgate files to sell 361,229 shares of common stock for holders
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March 19, 2015
11:18 EDTEBAYeBay cut to sell by noted analyst on mounting PayPal competition
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10:02 EDTEBAYOn The Fly: Analyst Downgrade Summary
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05:42 EDTEBAYeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
March 18, 2015
11:24 EDTEBAYeBay falls after Facebook adds friend-to friend payment option
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06:53 EDTLGFLionsgate closing $375M financing agreement with Chinese broadcaster, WSJ says
Lionsgate CEO Jon Feltheimer said in a Wall Street Journal interview that the company is closing a $375M financing agreement with Hunan TV & Broadcast Intermediary that may boost its ability to screen films in China. Hunan will fund 25% of Lionsgate production costs over a three year period which the Journal notes could total $1.5B, though popular franchises "Hunger Games," "Divergent," and "Twilight" are not covered. Hunan's subsidiary will acquire rights to distribute up to four Lionsgate films in China, and the two companies will also produce films and television shows for both U.S. and Chinese markets, with a "Candy Crush Saga" TV show being a likely first candidate, according to Feltheimer. Reference Link
March 17, 2015
08:45 EDTEBAYeBay marketplaces GMV to accelerate in 2H15, says Bernstein
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07:01 EDTEBAYeBay launches Sotheby's live auctions experience
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06:42 EDTEBAYeBay to start selling Sotheby items today, NY Times says
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March 13, 2015
10:00 EDTEBAYOn The Fly: Analyst Upgrade Summary
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07:15 EDTEBAYeBay upgraded to Positive from Neutral at Susquehanna
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