eBay said on Monday David Marcus, who has led eBay Inc’s fast-growing payments unit PayPal, will step down from the e-commerce company on June 27 to run Facebook messaging products. EBay shares fell about 2 percent in trading after hours. Marcus has led PayPal, which has 148 million active users, for the past two years…
Apple Inc (NASDAQ:AAPL)’s resurgent stock may have as much to do with financial engineering as the company’s technological wizardry. In late April, the iPhone and iPad maker announced plans to split its stock for the first time in nine years. Since then, Apple’s stock has climbed 23 per cent, creating more than $100 billion in…
Rite Aid Corporation (NYSE:RAD), the Camp Hill drug store chain, hired Matt Lynch as senior vice president and chief information officer. He had been senior vice president and chief information officer for Dick’s Sporting Goods. Rite Aid Corporation (NYSE:RAD) stock performance was -1.91% in last session and finished the day at $7.72. Traded volume was…
Despite posting vastly lower sales than it expected in Canada, Target Corporation (TGT) expects its sales in this country to double this year over last – but it has a long way to go before hitting its longer-term forecast of $6-billion. Target Corporation (NYSE:TGT) stock performance was 3.10% in last session and finished the day…
Kinder Morgan, Inc. (NYSE:KMI) will spend $3 billion to buy a new oil pipeline and other energy assets in the Bakken Shale from a private partnership controlled by oil billionaire Harold Hamm. Kinder Morgan, Inc. (NYSE:KMI) belongs to Basic Materials sector. Its net profit margin is 7.60% and weekly performance is 2.71%. On last trading…
Facebook Inc (NASDAQ:FB) has a acquired QuickFire Networks, a TC Disrupt 2014 Battlefield contestant that built a custom hardware and software platform for reducing video file sizes and upload times. The Wall Street Journal got the news earlier today, with confirmation later arriving on QuickFire’s site. Facebook Inc (NASDAQ:FB) belongs to Technology sector. Its net…
