Thu, May 24, 2012
Apple CEO gives up $75 million in dividend income
By Poornima Gupta
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million ...
Thu, May 24, 2012
Coke's ex-CEO Daft quits as Green Mountain director
(Reuters) - Green Mountain Coffee Roasters Inc
Thu, May 24, 2012
Analysis: China's new privatization plan faces push-back risk
By Kevin Yao
BEIJING (Reuters) - China's new push to open state controlled industries may look bold after a decade of stuttering privatization progress ...
Thu, May 24, 2012
SEC unlikely to file charges in Lehman case: memo
WASHINGTON (Reuters) - The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely ...
Thu, May 24, 2012
DOJ receives rare praise in financial crisis cases
By Aruna Viswanatha
WASHINGTON (Reuters) - One part of the U.S. Justice Department has been receiving something in short supply for those investigating conduct ...
Thu, May 24, 2012
Bankia to ask Spain for over 15 billion euros: source
By Carlos Ruano
MADRID (Reuters) - Spanish lender Bankia
Thu, May 24, 2012
Morgan Stanley making Facebook adjustments: source
(Reuters) - Morgan Stanley
Thu, May 24, 2012
Icahn buys stake in Chesapeake: report
NEW YORK (Reuters) - Billionaire hedge fund manager Carl Icahn has purchased a stake in Chesapeake Energy Corp
Thu, May 24, 2012
MBIA calls bank challenge to split 'chutzpah'
By Karen Freifeld
NEW YORK (Reuters) - Challenges by Bank of America Corp
Thu, May 24, 2012
PayPal strikes deals with 15 retailers
By Alistair Barr
SAN FRANCISCO (Reuters) - PayPal unveiled deals with 15 retailers including Toys R Us, J C Penney
The deals add to a pact with Home Depot
One of the most important sources of future growth for eBay Inc-owned
EBay Chief Executive John Donahoe and Chief Financial Officer Bob Swan told Wall Street earlier this year that PayPal planned to sign up about 20 big retailers for the offline effort in 2012.
"They said 20 large merchants would partner with us this year. This is only our first installment. There will be others," Don Kingsborough, the PayPal executive overseeing the offline initiative, said from its headquarters in San Jose, California.
Other retailers announced on Thursday for PayPal's in-store service were Office Depot
PAYPAL HERE
David Marcus, PayPal's new president, said PayPal may process more than $7 billion worth of mobile payments this year.
He also reported that more than 300,000 small businesses have registered for PayPal Here, the company's card payment service that works with smart phones and competes with start-up Square Inc. PayPal Here was launched in March.
Earlier on Thursday, PayPal said it signed agreements with VeriFone Systems
VeriFone and Equinox provide payment terminals that are used in stores run by many of the world's largest retailers. PayPal signed a similar deal with the other leading payment terminal provider, Ingenico, earlier this year.
These agreements should help PayPal's offline expansion, giving it potential access to almost 40 million payment terminals that are already installed in stores worldwide.
PayPal's service was rolled out in 2,000 Home Depot stores quickly this year, partly because no new hardware needed to be bought or installed by the retailer. Instead, just the software on these payment terminals needed to be upgraded.
"An important part of our future is to get to ubiquity," said Kingsborough on Thursday. "There will be 40 million terminals eventually to let consumers buy in stores with PayPal. That's one of the big building blocks we have to get to ubiquity."
(Reporting By Alistair Barr; Editing by Tim ...
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