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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:00 EDTPAY, EBAYeBay repatriated cash likely to be used for M&A, says Piper Jaffray
Piper Jaffray believes a large part of the $9B in cash eBay expects to repatriate to the U.S. will be used for acquisitions in the payments space. The cash, equating to $6B net of taxes, could help eBay take advantage of the shift to mobile payments, the firm says. Piper lists Square, VeriFone (PAY), iZettle and Corduro as companies in the payment space that are within acquisition range for eBay. The firm has an Overweight rating on eBay with a $63 price target.
News For EBAY;PAY 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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March 24, 2015
10:01 EDTPAYOn The Fly: Analyst Initiation Summary
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06:18 EDTPAYVerifone initiated with an Outperform at BMO Capital
Target $42.
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.’s 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 company’s Annual Meeting, which will be held on May 1, eBay’s 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 company’s largest active shareholder.
07:20 EDTPAYBarclays to hold a forum
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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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March 17, 2015
10:13 EDTPAYOptions with decreasing implied volatility
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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 16, 2015
10:14 EDTPAYOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC
March 13, 2015
10:37 EDTPAYOptions with decreasing implied volatility
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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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