EBay to lay off several dozen employees as part of internal restructuring

August 19th, 2009 WASHINGTON - An unemployed Arkansas woman, who was thwarted every time she tried to sell the naming rights to her seventh child on eBay, is hoping that her fifth attempt will bring her success. Lavonne Drummond, 36, revealed that her fourth bidding hit 26,100 dollars before eBay removed it on August 17, which was considerably more than the 15,000 dollars she lost when eBay shut down her first auction because the company ruled the mother of six was soliciting donations.

June 23rd, 2009 MySpace to cut 300 international positionsLOS ANGELES — Social-networking site MySpace said Tuesday that it will cut 300 international positions and close at least four offices outside the U.S. as it looks to cut costs and narrow its territory coverage.

April 15th, 2009 SAN FRANCISCO - Online auction house eBay said Tuesday that it plans to spin off its online telephony business Skype via an initial public offering by the middle of next year. The announcement was seen as an admission by the auction powerhouse that its $2.6-billion purchase of Skype in 2005 had not worked out as expected.

April 22nd, 2009 UK agency bans eBay ad claiming 25 pct discounts LONDON — Britain's advertising watchdog has told eBay to stop claiming that it offers new goods 25 percent below store prices. The Advertising Standards Authority said Wednesday that eBay's poster implied that shoppers could buy anything at that discount from store prices.

June 30th, 2009 MUMBAI - PayPal, an eBay company, today announced that it is launching new protection for its eBay sellers. The new coverage will provide protection against unauthorised payments and claims for items not received for eligible items sold on eBay websites.

October 5th, 2009 Bid on eBay for a Denver hotel for New Year's EveDENVER — The Curtis Hotel in Denver is putting itself up for auction on eBay for New Year's Eve. The winning bidder gets 330 rooms, the grand ballroom, live music, champagne, caviar, dinner, breakfast and of course all the staff to pull off a once-in-a-lifetime party.

January 16th, 2009 CHENNAI - The government-appointed board of Satyam Computer Services Limited will have to define the scope of work for the city-based Brahmayya & Co that has been appointed as the beleaguered IT bellweather's internal auditor, an official of the accounting firm said Saturday. 'We were sounded out about the assignment by the authorities and we gave our consent.

September 1st, 2009 EBay Skype to sell stake in SkypeSAN JOSE, Calif. — EBay Inc.

September 18th, 2009 French court rules against eBay for counterfeitingPARIS — A French court has found eBay responsible for brand counterfeiting and ordered the online marketplace operator to pay the luxury group LVMH euro80,000 ($118,000) compensation for damages caused to famous perfume brands like Christian Dior and Kenzo. The Paris-based LVMH SA conglomerate had sued eBay Inc., accusing the San Jose, Calif.-based company of using its brands as keywords in Internet searches.

July 10th, 2009 General Motors to try selling new cars on eBayNEW YORK — As part of its turnaround plan, General Motors Corp. said Friday it plans to experiment with auctioning new cars on eBay, expanding on an existing partnership covering certified used vehicles on the online marketplace.

May 6th, 2009 eBay to close Vancouver customer service facility SALT LAKE CITY — Online marketplace operator EBay Inc. said Tuesday it will close its Vancouver, Canada customer service facilities by Sept.

May 12th, 2009 EBay cuts auction listing fees for casual sellersNEW YORK — The online marketplace eBay is eliminating some upfront fees to attract more sellers who occasionally auction off items. San Jose, Calif.-based eBay Inc.

September 1st, 2009 Bank of America, MetLife, EBay are big moversNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: NYSE: Bank of America Corp., down $1.13 at $16.46 The bank is looking to pay back some of the billions in federal bailout aid it has received, according to a published report. MetLife Inc., down $2.79 at $34.97 A Raymond James analyst downgraded the insurer to "Market Perform" from "Strong Buy," citing the company's overvalued stock price.

August 19th, 2009 Penske Truck Leasing to sell used trucks on eBayREADING, Pa. — Penske Truck Leasing Co.

February 9th, 2009 LOS ANGELES - Former eBay chief executive officer Meg Whitman has said that she will run for California governor to replace Arnold Schwarzenegger in 2010. 'California faces challenges unlike any other time in its history - a weak and faltering economy, massive job losses, and an exploding state budget deficit,' Whitman said in a written statement Monday.