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Posts Tagged ‘Paypal’

(Reuters) – EBay Inc urged its shareholders to vote against activist investor Carl Icahns proposal to spin off the e-commerce companys PayPal payments unit. Last week, Icahn asked eBay to sell 20 percent of the PayPal payments unit in an initial public offering, a change in tack from his previous call for a complete spin […]

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Last year, PayPal promised to overhaul its policies after getting flak for freezing huge amounts of crowdfunding funds, and today its announced those changes. By the looks of it, PayPal has been working closely with crowdfunding websites to verify each campaign that wants to use its services. If it determines that a campaign is a […]

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Leon Cooperman, chief executive of hedge fund Omega Advisors, said Monday that he agreed with activist investor Carl Icahn’s push for eBay Inc to spin off its PayPal online payments business. “I give Carl a lot of credit for taking the time and showing the energy, and in this case, we happen to agree with […]

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