Flush with cash and primed for growth, PayPal today split off from eBay to become an independent company. Its shares jumped 11% at the start of the highly-anticipated debut. But back in 2001, the first time PayPal listed its shares on the stock market, few could have predicted that its business would be such a success.
Despite all the rhetoric against Wall Street by US presidential candidates, campaign contributions to the 2016 election frontrunners are pouring in from America’s largest banks.
While the rest of Wall Street has been slashing jobs to cut costs, Goldman Sachs has been hiring. Its employee base has grown 10% over the past two years.
Ebay is having an identity crisis.
When activist investors go after big, global companies, things often get nasty. But a fight centered around one of the world’s largest tech companies seems to have gone too far.
Just five years ago, there were more Bank of America branches in the US than Walmart stores. But in an effort to cut costs, the bank has closed about a fifth of its branches since then—and is now warning of more closures to come.
Amazon is playing the long game.
Black, Hispanic, and Asian car buyers have been getting a raw deal, according to the US Department of Justice and the Consumer Financial Protection Bureau.
JP Morgan Chase chief Jamie Dimon pretty much shrugged off global financial turmoil and said the most significant impact was a major shift in how US companies raised capital.
A rash of companies are looking to make money off the next generation of education financing: coding schools.
Greece’s fate is unknown. But the future of a software startup with the unfortunate name of “Grexit” has already been altered forever.
The Greek economy is a mess: People face limits on how much money they can withdraw from ATMs, businesses can’t pay their suppliers, and government leaders are planning how to deal with medicine shortages and issue their own currency if the country leaves the Eurozone.
This post has been updated.
Tesla has fallen out of favor with Wall Street—again.
People will pay a lot of money to keep their babies safe and happy. So Volvo has redesigned an entire car around protecting parents’ most precious cargo.
In the age of instant-streaming from Netflix and massive flatscreen TVs, America’s second-largest movie theater chain is betting on a more low-tech solution to boost business: crimson-colored reclining seats.
A New York judge on Monday threw out charges accusing a former computer programmer of stealing code from Goldman Sachs, bringing a six-year battle toward a close and highlighting how America’s legal system has failed to keep up with the rapid changes of the digital age.
This post has been updated.
As PayPal readies to spin off from eBay this month—flush with $5 billion in cash and no debt—it’s becoming clear the company’s acquisition spree is not going to let up anytime soon.
Julie Hamp, the public relations chief of Toyota, has resigned after being detained over allegations of illegally importing prescription painkillers into Japan, the company said today (July 1).
Nike announced on June 30 that Phil Knight, who co-founded the company with Bill Bowerman just over 50 years ago, will step away from his role as chairman.
Phil Knight, the legendary co-founder of Nike, plans to step down from the board in 2016 and said he’s recommended current CEO Mark Parker, whom Knight has groomed over the past decade, to replace him as chairman.
If you’re heading on vacation this year, you might want to stay away from Hong Kong if you’re a big beer drinker, where the average cost of a beer purchased at a bar now comes in at $10.86. Geneva, Tel Aviv, New York, and Miami close out the top most expensive cities to buy beer, according to new data from travel website GoEuro.
Credit card companies really, really, really want Americans to take on more debt.
