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(...)

Manufacturers are rolling out internet-connected burglar alarms, televisions and light switches. Google’s Nest (pictured) has also partnered with companies including Whirlpool Corp and light bulb maker LIFX to integrate their products with its thermostats and smoke detectors. Photograph: Jim Wilson/The New York Times)

Samsung Electronics is to buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest (...)

Tech entrepreneur Peter Thiel: confirmed as a speaker at The Summit in November

Tech entrepreneur Peter Thiel, co-founder of online giants such as PayPal as well as analytics and security firm Palantir Technologies amongst others,(...)

Paypal co-founder and chairman of Yelp Max Levchin will be among the speakers at The Summit in November. Photo: Bloomberg

The Summit, formerly known as the Web Summit, has confirmed Paypal co-founder Max Levchin and Oculus VR chief executive Brendan Iribe as speakers f(...)

 Pay Pal president David Marcus at the official opening of Ebay’s International Operations Centre in Dundalk yesterday. Photograph: Alan Betson

When we think of money, we tend to picture the tangible cash in our wallets rather than the intangible balance in our bank accounts. But it’s m(...)