EBAY

  • PayPal to acquire mobile wallet firm Paydiant March 4, 2015

    New York: eBay's mobile payment services unit PayPal will acquire mobile wallet firm Paydiant for an undisclosed sum as the competition in the payment solutions market from rivals like Apple and Google heats up. US-based Paydiant provides backend support to a host of companies, including fast food chain Subway, Barclay Card...
  • Paypal's retail chief quits ahead of eBay split February 5, 2015

    San Francisco: Paypal executive Don Kingsborough, who helped orchestrate the payments company's move into physical retail stores, stepped down in January, the company said on Wednesday. His departure, which tech blog Re/code first reported, comes as the company competes with the likes of fast-growing start-up Square to get its payments system...
  • Charlie Hebdo issues offered on eBay for thousands of euros January 14, 2015

    Paris: Copies of the latest edition of the satirical weekly Charlie Hebdo, which sold out within hours across France on Wednesday, are being offered on eBay for thousands of euros, prompting a media watchdog to blast sellers for "indecent" profiteering. The online selling and auction site had one vendor listing the...
  • Ferrari Testarossa driven in the hit 1980s series 'Miami Vice' available on eBay for $1.75 million December 25, 2014

    Miami Beach: Procrastinating holiday shoppers can now grab one of Miami's most iconic two-seaters: the all-white 1986 Ferrari Testarossa driven by TV cops "Sonny" Crockett and Ricardo "Rico" Tubbs in the hit 1980s series "Miami Vice." The car is available on eBay through January 7 and is being offered for $1.75...
  • Delhi beats Maharashtra as India's e-commerce hub: eBay December 19, 2014

    New Delhi: Delhi has toppled Maharashtra as the No 1 market where maximum number of mobiles and accessories were sold online this year, e-commerce major eBay said today. Last year, Maharashtra was the top market of eBay. According to eBay's Census 2014, tier-II and -III cities are driving the e-commerce market in...
  • Ebay plans to cut thousands of jobs next year: Report December 11, 2014

    Bengaluru: Online retailer eBay is mulling over a plan to cut thousands of jobs early next year, as it readies to spin off its PayPal unit, the Wall Street Journal reported, citing people familiar with the company's thinking. "We are focused on running the business and setting eBay and PayPal up...
  • Ranbir Kapoor, Anushka Sharma to auction movie costumes to help flood survivors in Kashmir and Assam December 5, 2014

    New Delhi: Bollywood stars Ranbir Kapoor and Anushka Sharma have pledged to give their movie costumes to help raise funds for redevelopment of flood ravaged Kashmir and Assam. eBay India and Event and Entertainment Management Association (EEMA) have come together for the cause, and are seeking bids for a charity auction...
  • Alibaba open to working with PayPal: Report November 12, 2014

    Bangalore: Alibaba Group Holding Ltd is open to working with eBay's PayPal to expand its payment options, Bloomberg reported, citing an interview with the Chinese e-commerce company's vice chairman. "If you look at our footprint of being the largest online payment company in China, and PayPal's position of having a very...
  • EBay brands itself as a place to 'shop the world' October 9, 2014

    New York: E-commerce site eBay is kicking off a global branding campaign that aims to draw attention to the wide array of goods it has available ahead of the holiday shopping season. It's the first time eBay has created a campaign with the same message across four of its biggest markets:...
  • Apple iPhone 6 selling at Rs 55,954 onwards in India October 2, 2014

    New Delhi: Vendors through e-commerce have starting offering premium smartphone iPhone 6 at price starting from around Rs 56,000 for which official launch date and other details for India are yet to be announced by Apple. A vendor at eBay is offering iPhone 6 for about Rs 55,954 and promising October...
  • Could a merger follow the PayPal-eBay split? October 2, 2014

    New York: PayPal's split from long-time partner eBay Inc. makes Carl Icahn mighty happy. But he doesn't think PayPal should stay single for long. Icahn, who months ago called on eBay to spin off the lucrative online and mobile payment service, continues to believe that the payments field must be consolidated,...
  • What is PayPal's first solo move? October 1, 2014

    New York: PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger Apple Pay. For eBay, the challenge will be how to drive revenue without its fastest-growing...
  • PayPal to separate from eBay in 2015 September 30, 2014

    New Delhi: PayPal is splitting from EBay and will become a separate and publicly traded company next year. The separation is expected to occur in the second half of 2015. EBay said Tuesday that its board decided that the separation was the best path for growth and shareholder value creation for...
  • Rare copy of 1st Superman comic book fetches USD 3.2 million August 26, 2014

    New York: A rare copy of Action Comics #1 that introduced Earth to Superman has become the world's most expensive comic book, selling for a whopping US $3.2 million. The 1938 book in which the superhero first appeared initially cost 10 cents. When Darren Adams decided to put his incredibly rare,...
  • Rare copy of Superman comic book fetches US dollar 3.2 million August 26, 2014

    New York: A nearly flawless copy of Superman's comicbook debut has sold for a superpowered price US dollar 3.2 million. New York comics dealers Stephen Fishler and Vincent Zurzolo said today they submitted Sunday's recordsetting bid in the eBay auction for Action Comics No 1. That's the 1938 book in which...
  • How online retail in India is shaping up August 15, 2014

    Mumbai: Finding a way into India's vast but vexing market has long frustrated foreign retailers. Now, overseas investors are pouring billions of dollars into ecommerce ventures that are circumventing the barriers holding back retail powers such as WalMart and Ikea. Some investors see India as the world's next big ecommerce opportunity,...
  • Adidas lifts ban on sales via eBay, Amazon and other online shopping websites July 2, 2014

    Duesseldorf: German sportswear maker Adidas has decided to allow the sale of its products via marketplace sites like eBay and Amazon, an issue the German cartel office has been investigating. "We have decided to extend our ecommerce guidelines to also include open market places: if our retail partners adhere to our...
  • eBay rejects auction of Nazi chief's car June 29, 2014

    Miami: Auction website eBay has refused to list a World War IIera Mercedes Benz once owned Hermann Goering, a Nazi leader who commanded the German air force, citing a policy prohibiting the sale of offensive items. The 1941 Mercedes Benz 540 K Cabriolet B, custom built by DaimlerBenz for Adolf Hitler's...
  • eBay's PayPal head David Marcus steps down to join Facebook; will lead messaging products June 10, 2014

    San Francisco: David Marcus, who has led eBay Inc's fastgrowing payments unit PayPal for the past two years, will step down this month to run Facebook Inc's messaging products, the companies announced on Monday. EBay shares fell a little more than 2 percent in trading after hours. Under Marcus, PayPal has...
  • Man selling the word 'the' on eBay; gets offers from 43 bidders May 25, 2014

    Update: ebay appears to have removed the listing. Melbourne: An enterprising Australian man is selling the English word 'the' written on a piece of scrap paper on eBay and the bidding has already reached AUD 10,099. The man already has offers from 43 bidders and the highest bid currently is...
  • Google ranked top employer in the US; offers the best pay and benefit packages May 25, 2014

    Washington: Google, Facebook and wholesale retailer Costco offer the best pay and benefit packages in the United States, according to employee ratings compiled by the US job site Glassdoor. Apart from Costco, whose generous social benefits stand out, four of the five top employers are hightech firms, according to the survey. Top...
  • eBay initially believed user data was safe after cyber attack May 24, 2014

    Boston: eBay Inc initially believed that its customers' data was safe as forensic investigators reviewed a network security breach discovered in early May and made public this week, a senior executive told Reuters on Friday. EBay has come under fire over its handling of the cyberattack, in which hackers accessed personal...
  • eBay hacked, 145 million records accessed in 2nd largest breach in US history May 22, 2014

    Boston: eBay said that hackers raided its network three months ago, accessing some 145 million user records in what is poised to go down as one of the biggest data breaches in history, based on the number of accounts compromised. It advised customers to change their passwords immediately, saying they were...
  • eBay hacked, asks all users to change passwords May 22, 2014

    New York: Ecommerce site eBay is asking users to change their passwords after a cyberattack compromised a company database containing customers' names, encrypted passwords, email addresses, physical addresses, phone numbers and dates of birth. The company said Wednesday that there is no evidence that any financial or credit card information was...
  • PayPal parts ways with employee Rakesh Agrawal who posted bizarre, possibly drunk, late night tweets insulting colleagues May 5, 2014

    PayPal, the payment processing arm of eBay Inc, said it parted ways with a recentlyhired strategy executive after he posted a series of disparaging and at times indecipherable tweets. "Rakesh Agrawal is no longer with the company," PayPal said in a Twitter message. "Treat everyone with respect. No excuses. PayPal has...
  • eBay founder Pierre Omidyar aims to build a new 'mass media organisation' October 18, 2013

    San Francisco: eBay founder Pierre Omidyar has become the latest selfmade tech baron to plunge into the struggling news industry hot on the heels of Amazon.com founder Jeff Bezos, who just paid $250 million for the Washington Post. But unlike Bezos, the Frenchborn Iranian American says he aims to build...
  • eBay to acquire Braintree for $800 mn, to bolster PayPal business September 26, 2013

    Bangalore: EBay Inc said it would buy payment gateway Braintree for about $800 million in cash to add to its PayPal business. Braintree will continue to operate as a separate service within PayPal, led by Braintree Chief Executive Bill Ready, EBay said. Braintree, which has more than 180 employees, helps to process...
  • PayPal app adds more mobile wallet features September 6, 2013

    New York: PayPal is updating its mobile app, adding features such as the ability to place an order ahead of time and pay with it while at the restaurant table. The move comes as eBay's subsidiary works to expand beyond processing payments for online purchases. It's been trying to service transactions...