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Ebay Inc Still Has Key Resistance To Conquer Before Chart Turns Truly Bullish
Thursday, October 2, 2014 - 8:23am | 314Read More...Ebay Inc (NASDAQ: EBAY) shares gapped up huge on the PayPal spin-off news earlier this week. However, even that big up day was not enough to push the stock above key “correction resistance” above $58.78. Will the spin-off and the fundamentals of the stripped-down eBay be enough to...
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Mixed Economic Data, Ebola Scares Rattle Markets
Wednesday, October 1, 2014 - 5:02pm | 1696Read More...U.S. stocks declined sharply as investors digest reports of a confirmed case of Ebola in the United States. In addition, economic data released on Wednesday was mixed, at best. Construction spending fell during August while ISM manufacturing came in weaker than expected. Bulls are hoping that...
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Bank Innovation: PayPal Won't Be A Partner In Apple Inc. Pay
Wednesday, October 1, 2014 - 10:18am | 273Read More...According to Bank Innovation, a popular blog featuring banking news, Apple Inc. (NASDAQ: AAPL) and eBay Inc (NASDAQ: EBAY) were previously in talks for PayPal to be a preferred payment process for Apple Pay. As a leader in the payments industry, PayPal was a prime candidate to play a role in...
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JP Morgan Encouraged, But Unconvinced Following eBay Inc Spin Off
Wednesday, October 1, 2014 - 9:41am | 100Read More...Following eBay Inc's (NASDAQ: EBAY) decision to spin-off PayPal in to an independently traded company, Douglas Anmuth is “encouraged by the spin” but downgraded shares with a lower price target. Anmuth is encouraged by the spin, which will allow each company to operate more efficiently and optimize...
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Analysts: Freestanding PayPal To Face Ferocious Competition
Wednesday, October 1, 2014 - 9:20am | 295Read More...PayPal's pending spin-off as a stand-alone company will leave it faced with an increasingly competitive landscape for online payment services, according to an analyst who maintained a Hold rating Tuesday on parent company eBay Inc (NASDAQ: EBAY). Amazon.com, Inc.'s (NASDAQ: AMZN) recent launch into...
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#PreMarket Primer: Wednesday, October 1: First Case Of Ebola In The US Confirmed
Wednesday, October 1, 2014 - 7:42am | 1079Read More...On Tuesday, the Centers for Disease Control and Prevention (CDC) confirmed the first case of Ebola in the U.S. The patient, whose name has not been released, began to develop symptoms on September 24 and was admitted to a Texas hospital’s isolation unit on September 28. The patient...
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U.S. Dollar Makes New High As Money Flows Out Of Commodities
Tuesday, September 30, 2014 - 5:03pm | 515Read More...The U.S. dollar shot higher Tuesday as stocks and commodities continued their trek lower. The Dow Jones Industrial Average fell 28.3 points, or 0.17 percent, to close at 17,043. The S&P 500 dropped 5.5 points, or 0.28 percent, to close at 1,972. The Nasdaq gave up 12.5 points, or 0....
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Why Did eBay Inc Spin Off PayPal? Robert Peck Pondered The Scenario Back In March
Tuesday, September 30, 2014 - 2:53pm | 561Read More...On Monday, eBay Inc (NASDAQ: EBAY) announced it will split from PayPal in 2015. One analyst, SunTrust Robinson Humphrey's Robert Peck, pondered the scenario earlier this spring in a note to investors. Peck detailed five arguments: "CURRENCY: PayPal will be given it its own...
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Is PayPal Stronger Against Apple Inc. Without eBay Inc?
Tuesday, September 30, 2014 - 2:26pm | 782Read More...When eBay Inc (NASDAQ: EBAY) and PayPal officially split in 2015, the latter company will become a separate publicly traded entity. The announcement was applauded by investors, experts and analysts, but is it everything PayPal needs to compete against Apple Inc.'s (NASDAQ: AAPL) new mobile...
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PayPal Competitors Unmoved By eBay Inc Spin-Off News
Tuesday, September 30, 2014 - 2:01pm | 200Read More...Few if any competitors of sector giant PayPal were reacting Tuesday to news of its impending spin-off from eBay Inc (NASDAQ: EBAY). PayPal's biggest competitors like Google Inc., Apple Inc. and the credit-card companies Visa Inc., American Express Co. and Mastercard Inc. can...
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Experts, Investors Applaud eBay Inc-PayPal Split
Tuesday, September 30, 2014 - 11:09am | 550Read More...Investors, experts and industry analysts have applauded eBay Inc's (NASDAQ: EBAY) decision to part ways with PayPal. "I think they had to do it," Rob Enderle, principal analyst at Enderle Group, told Benzinga. "I think it has to be free to be able to compete with what Apple...
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EBay Inc Spinning Off PayPal in A Move Proposed by Carl Icahn
Tuesday, September 30, 2014 - 8:55am | 145Read More...The announcement Tuesday by eBay Inc (NASDAQ: EBAY) that it would spin off its PayPal unit provides a victory for activist investor Carl Icahn. Icahn had long proposed spinning off the PayPal business as a way to unlock shareholder value. Icahn, the seventh largest shareholder, controls about...
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Why Apple Pay Comes At A Good Time For Millennials
Thursday, September 18, 2014 - 11:54am | 879Read More...Apple Inc. (NASDAQ: AAPL) is about to enter a new market with Apple Pay, the company's first foray into payments. The Cupertino, California-based tech giant could have a big impact on the industry, but it may also be good for young consumers. "One of the problems that the Google...
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PayPal Co-Founder Peter Thiel Explains How PayPal Led To A 'PayPal Mafia'
Wednesday, September 17, 2014 - 4:46pm | 449Read More...PayPal co-founder Peter Thiel appeared on Benzinga partner James Altucher's podcast this week and talked about everything from being Facebook's first investor to retirement. One particularly interesting topic Thiel covered was PayPal itself, which he founded in 1998 with Elon Musk...
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PayPal Co-Founder Peter Thiel: Facebook Inc. Was Systematically Underestimated
Tuesday, September 16, 2014 - 4:07pm | 466Read More...Peter Thiel, the co-founder of PayPal and Palantir, and one of the tech world's most well-known entrepreneurs, was a guest on Benzinga partner James Altucher's podcast this week. Peter Thiel discussed a wide range of topics, most notably his role as Facebook Inc.'s (NASDAQ: FB)...
