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Stock Market & Financial Investment News

News Breaks
December 23, 2012
21:00 EDTSCOR, EBAY, AMZN'Free Shipping Day' promotion spurs late-season online spending
comScore reported holiday season retail e-commerce spending for the first 51 days of the November–December 2012 holiday season. For the holiday season-to-date $38.7B has been spent online, marking a 16% increase versus the corresponding days last year. The most recent week kicked off with Free Shipping Day (Monday, Dec. 17), which delivered a strong $1.01B in spending representing a 76% growth rate vs. the corresponding Monday last year, but on a par with Free Shipping Day in 2011 which occurred on Dec 15, 2011. The 5-day work week ending December 21 recorded a growth rate of 53% in spending, a notable accomplishment this late in the season.
News For SCOR;EBAY;AMZN From The Last 14 Days
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September 30, 2014
08:05 EDTEBAYeBay could be worth $62/share on sum-of-the-parts, says Piper Jaffray
Piper Jaffray says it still estimates the total valuation of eBay's two divisions at around $62 per share on a sum-of-the-parts basis. Piper believes Marketplace could be more attractive as an acquisition candidate post separation, which it notes investors have been thinking about since the Alibaba (BABA) IPO. The firm thinks competition from Apple Pay (AAPL) and Google Wallet (GOOG) will likely add some uncertainty to PayPal’s standalone valuation. Piper has a Neutral rating on eBay. The stock is up 9% to $57.25 after announcing it will spin off PayPal into a separate publicly traded company.
07:53 EDTEBAYDiscover volatility elevated into eBay announcing the separation of PayPal
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07:34 EDTEBAYeBay up 11% after announcing plans to spin-off PayPal
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07:29 EDTEBAYeBay October volatility elevated into separation of PayPal
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07:26 EDTEBAYeBay to resume trading at 7:30 am ET
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07:19 EDTEBAYeBay to host conference call
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07:17 EDTEBAYeBay: Donahoe, Swan to have board role at one or both of eBay and PayPal
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07:14 EDTEBAYeBay: Neither Donahoe, Swan will have executive management role in new companies
eBay says neither CEO John Donahoe nor CFO Bob Swan will have an executive management role in the new eBay and PayPal companies.
07:12 EDTEBAYAmerican Express names Neal Sample as president, Enterprise Growth
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07:07 EDTEBAYeBay: PayPal on track to process 1B mobile payments this year
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07:03 EDTEBAYeBay says Dan Schulman to lead PayPal
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07:02 EDTEBAYeBay says Devin Wenig to become CEO of new eBay company
Devin Wenig, currently president of eBay Marketplaces, will become CEO of the new eBay (EBAY) company. As CEO of eBay, Wenig will lead the eBay Marketplaces and eBay Enterprise businesses. Revenue over the last twelve months1 for these two businesses grew approximately 10% year-over-year to $9.9 billion, with eBay Marketplaces accounting for about $8.7 billion. eBay Marketplaces and eBay Enterprise collectively handled approximately $85 billion of gross merchandise volume and gross merchandise sales, which grew 13 percent year over year. Scott Schenkel, currently the CFO of eBay Marketplaces will become the CFO of the new eBay company. Concurrent with the announcement of the business separation plan, the company also today announced the appointment of Dan Schulman to be President of PayPal, effective immediately, and CEO-designee of the standalone PayPal company following separation. Schulman joins PayPal from American Express (AXP), where he was president of the company’s Enterprise Growth Group. A seasoned leader in multiple industries, Schulman has held senior executive and CEO roles at AT&T, Priceline and Virgin Mobile, prior to joining American Express. Goldman, Sachs & Co. and Allen & Company LLC are serving as financial advisors and Wachtell, Lipton, Rosen and Katz is serving as legal counsel to eBay Inc.
07:01 EDTEBAYeBay sees completing transaction as tax-free spinoff in 2H15
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07:01 EDTEBAYeBay to separate eBay, PayPal into independent publicly traded companies in 2015
eBay Inc. said its Board of Directors, following a strategic review of the company’s growth strategies and structure, has approved a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions. Creating two standalone businesses best positions eBay and PayPal to capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, and is the best path for creating sustainable shareholder value, the company said. “eBay and PayPal are two great businesses with leading global positions in commerce and payments,” said eBay Inc. President and CEO John Donahoe. “For more than a decade eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value. However, a thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively. The industry landscape is changing, and each business faces different competitive opportunities and challenges. In its recently completed review, the board concluded: A changing competitive landscape creates enormous opportunities for eBay and PayPal; separation will create sharper strategic focus and better position each business to capitalize on those growth opportunities as independent companies. The benefits of the existing relationships between eBay and PayPal will naturally decline over time and can be optimized in arm’s length operating agreements between the two entities. This is the best path for delivering sustainable shareholder value. The company expects to complete the transaction as a tax-free spin-off in the second half of 2015, subject to market, regulatory and certain other conditions. eBay Inc. President and CEO John Donahoe and company CFO Bob Swan will be responsible for leading the separation of each business, with board oversight. This includes determining appropriate management and capital structures for eBay and PayPal, and putting in place appropriate operating agreements. Neither Donahoe nor Swan will have an executive management role in the new eBay and PayPal companies. But to provide continuity, they each expect to serve on one or both of the boards of the two companies.
07:00 EDTEBAYeBay to separate eBay, PayPal into independent publicly traded companies in 2015
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06:58 EDTEBAYeBay trading halted, pending news
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September 26, 2014
16:01 EDTAMZNOptions Update; September 26, 2014
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12:13 EDTAMZNAmazon.com to launch Fresh grocery delivery business in NYC, Re/Code says
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09:37 EDTAMZNActive equity options trading on open
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09:05 EDTAMZNAmazon announces ten 'Transparent' episodes on Prime Instant Video
Amazon announced all 10 episodes of "Transparent" are now available for Prime Instant Video customers in the U.S., UK and Germany.
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