Profits at the online auction company rose beyond expectations thanks in part to anticipated smooth split from PayPal. Photograph: Bloomberg

Shares at EBay rose the most in four months after the company said it was on track for a “smooth separation” of its PayPal business and that profit(...)

EBay is cutting 2,400 positions, buying back shares and entering into a standstill agreement with activist investor Carl Icahn. Photo: Getty Images

EBay has declined to say whether Irish workers will be affected by its decision to cut 2,400 jobs.The company overnight announced plans to reduce its (...)

Web pioneer Marc Andreessen said it’s the “right time” for him to step down from the Ebay board. Photograph: David Maung/Bloomberg

Web-browser pioneer Marc Andreessen resigned from the board of EBay ahead of the online marketplace’s breakup, following a verbal battle with activist(...)

PayPal and eBay flags fly in front of the company’s headquarters in San Jose, California. Photographer: David Paul Morris/Bloomberg

So, eBay will spin off PayPal, the precocious child it acquired in 2002 for $1.5 billion and which has since eclipsed its parent in profitability a(...)

John Donahoe, president and chief executive officer of EBay Inc, said the split would allow each company to focus on its core strengths and challenges. Photograph: Bloomberg News

Ecommerce group eBay is spinning off its PayPal unit as a separate company, handing a major victory to the activist investor Carl Icahn over the futur(...)

The offices of the international operations centre of ebay in Dundalk, which includes Paypal and Ebay. Ebay said today it would spin off Paypal. Photograph: Alan Betson / THE IRISH TIMES

E-commerce giant Ebay said today it will spin off PayPal, its fast-growing payments unit, into an independent publicly traded company in the second ha(...)

Enda Kenny is due to meet Facebook chief executive Sheryl Sandberg tomorrow. Photograph: Barry Cronin

Taoiseach Enda Kenny will arrive in the United States today for a three-day visit to San Francisco and Silicon Valley, where he will meet senior exec(...)

eBay said chief executive John Donahoe received $13.8 million in total compensation last year, a 53 per cent drop from 2012, when he was granted a large stock award. Photograph: Alan Betson

eBay, the largest online marketplace, said chief executive John Donahoe received $13.8 million in total compensation last year, a 53 per cent d(...)

Investor Carl Icahn bought shares and derivatives giving him a 0.8 per cent economic interest in Ebay, and also nominated two of his employees to the Ebay board. Photograph: Reuters

Carl Icahn has taken a stake in eBayand is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overtur(...)

Ebay has begun targetting  mobile shoppers, international expansion and tie-ups with local physical stores in a bid to grow its business further.

Ebay reported solid second-quarter results today but chief executive John Donahoe warned of economic “headwinds” in the second half of the year from E(...)