Bullish Options Sentiment in eBay (EBAY) Targets Late July 2Q Earnings Announcement -Susquehanna
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PayPal to acquire fraud prevention company Simility for $120 million
June 21, 2018 4:36 PM EDTBy Anna Irrera
(Reuters) - PayPal Holdings Inc (NASDAQ: PYPL) has agreed to acquire fraud prevention technology company Simility for $120 million in cash, it said on Thursday.
Palo Alto, California-based Simility sells machine-learning-based technology to help online merchants spot fraudsters and improve risk management.
PayPal plans to make Simility's services available to its merchants following the close of the transaction, which is expected by the end of the third quarter, it said.
The acquisition underscores PayPal's broader ambition to offer small online merchants the same... More
Buy Amazon (AMZN), eBay (EBAY) and Shopify (SHOP) on Internet Tax Weakness - Baird
June 21, 2018 1:50 PM EDTBaird is telling clients to buy Amazon (NASDAQ: AMZN), eBay (NASDAQ: EBAY) and Shopify (NASDAQ: SHOP) on weakness related to the State Internet tax ruling, according to Bloomberg headlines.
States Can Require Internet Tax Collection, Supreme Court Rules - Bloomberg
June 21, 2018 10:18 AM EDT(Updated - June 21, 2018 10:22 AM EDT)
The U.S. Supreme Court freed states and local governments to start collecting billions of dollars in sales taxes from internet retailers that don't currently charge tax to their customers, according to Bloomberg.
The 5-4 vote overturned a 1992 ruling that made... More
Intel CEO resigns after probe of relationship with employee
June 21, 2018 9:21 AM EDTBy Munsif Vengattil and Stephen Nellis
(Reuters) - Intel Corp (NASDAQ: INTC) Chief Executive Brian Krzanich resigned on Thursday after an investigation found he had a consensual relationship with an employee in breach of company policy.
The head of the largest U.S. chipmaker is the latest in a line of men in business and politics to lose their jobs or resign over relationships viewed as inappropriate, a phenomenon highlighted by the #MeToo social media movement.
Krzanich led Intel as rival chipmakers ate away at its dominance in the... More
