EBay 3Q net income falls, but revenue rises

SAN FRANCISCO — Despite a 29 percent decline in third-quarter net income, eBay Inc. saw stronger revenue in its marketplaces businesses, suggesting that efforts to revitalize its main Web site are gaining traction among bargain-hungry shoppers.

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Earnings roundup: Wells Fargo, eBay

Among the earnings stories for Wednesday, Oct. 21, from AP Financial News:

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EBay 3Q net income down 29 pct though revenue rose

SAN FRANCISCO — EBay Inc. said Tuesday that even as third-quarter net income dipped 29 percent, its revenue rose largely because more people and merchants are using PayPal to pay for things online.

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PayPal and Google checkout are both widely used online payment services for e-commerce.  PayPal the affiliate cash register for eBay and Google Checkout a Google product are both bigwigs in the arena of payment processing. While doing with the top 5 alternatives for PayPal the first name that emerged in my mind was Google checkout.There's often a draw between the two services when you have to decide, which service to choose. But, this entirely depends on your website needs for online payment. We decided to feature a detailed Google Checkout versus PayPal comparison to delve into the pros and cons of both the services.

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EBay partially undoes Skype deal, selling majority

SAN FRANCISCO — Rather than enduring the uncertainty of spinning off the Skype telecommunications service through a public stock offering, eBay Inc. has found a different way out: It is selling the majority of Skype for about $2 billion to a group of private investors.

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PayPal outage frustrates merchants, consumers

SAN JOSE, Calif. — PayPal suffered periodic breakdowns that crimped Internet sales for more than four hours Monday.

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NEW YORK - PayPal is set to become the first truly global platform for payment.

San Jose-based PayPal, which is a company of eBay, announced Friday that it plans to open its online payment platform to third-party developers. Till now, PayPal could be used to pay for deals made by its members on eBay.

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Economy keeps hurting eBay as 2Q profit falls

SAN FRANCISCO — The recession continued to hurt eBay Inc. in the second quarter, as earnings and revenue fell amid a sales decline in the main online marketplace, overshadowing growth in its payments and Skype communications units.

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Big tech earnings week will reveal economic trends

SEATTLE — The technology sector is often talked about as if it were a unified front, an easy-to-define monolith. People say technology stocks rose or technology stocks fell. Tech helped drive a huge boom in the 1990s, and when that collapsed in 2001, tech contributed to the last recession.

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If you ask me honestly abut Twitter in one sentence, Twitter is a service that is hardly reliable but very unique and interesting. Perhaps that was the USP which helped them in developing an enviable userbase despite having frequent server hangups and hacking attacks. With the newest threat that compromised thousands of information, Twitter Inc. employees have learned the hard way that, breaking into someone's e-mail can be child's play. For the third time this year, the San Francisco-based company was the victim of a security breach stemming from a simple end-run around its defenses. In the latest case, a hacker got the password for an employee's personal e-mail account — possibly by guessing, or by correctly answering a security question — and worked from there to steal confidential company documents.

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