De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
San Jose, United States
Technology
Paypal to Buy Money-Saving Platform Honey for $4 Billion
The deal with the platform, which finds and applies coupon codes on popular sites, is expected to add to PayPal's adjusted profit in 2021.
Paypal to Buy Money-Saving Platform Honey for $4 Billion
The deal with the platform, which finds and applies coupon codes on popular sites, is expected to add to PayPal's adjusted profit in 2021.
Retail
EBay CEO Steps Down Amid Ongoing Operating Review
Devin Wenig took over in 2015 and made bold promises of returning the marketplace to prominence, but the results have been slow going.
EBay CEO Steps Down Amid Ongoing Operating Review
Devin Wenig took over in 2015 and made bold promises of returning the marketplace to prominence, but the results have been slow going.
News & Analysis
eBay Is Planning New Shipping Service to Challenge Rival Amazon
The e-commerce platform will debut its “Managed Delivery” service in 2020 to compete with Amazon's fulfillment service.
eBay Is Planning New Shipping Service to Challenge Rival Amazon
The e-commerce platform will debut its “Managed Delivery” service in 2020 to compete with Amazon's fulfillment service.
News & Analysis
Elliott Says Urgent Changes Are Needed at eBay in Letter to Board
The management company, which owns more than 4 percent of eBay, proposed a five-step plan for boosting the online marketplace's value.
Elliott Says Urgent Changes Are Needed at eBay in Letter to Board
The management company, which owns more than 4 percent of eBay, proposed a five-step plan for boosting the online marketplace's value.
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News & Analysis
EBay's Slow Growth Leaves Investors Rattled
The company forecast adjusted profit in the current quarter of 46 cents to 48 cents a share, compared with analysts’ average estimate of 49 cents.
EBay's Slow Growth Leaves Investors Rattled
The company forecast adjusted profit in the current quarter of 46 cents to 48 cents a share, compared with analysts’ average estimate of 49 cents.
News & Analysis
Ebay Struggles With Turnaround as Amazon Holds Sway
Ebay is looking to speed up sales growth, which has lagged behind Amazon and faces increasing pressure as Walmart invests in online sales.
Ebay Struggles With Turnaround as Amazon Holds Sway
Ebay is looking to speed up sales growth, which has lagged behind Amazon and faces increasing pressure as Walmart invests in online sales.
News & Analysis
EBay Gets Hands-On in Fighting Fake Handbags With New Service
EBay is following online luxury consignment startup The RealReal Inc. in San Francisco, which authenticates items and said it sold almost $400 million in second-hand designer apparel, handbags, jewellery and other merchandise in 2016.
EBay Gets Hands-On in Fighting Fake Handbags With New Service
EBay is following online luxury consignment startup The RealReal Inc. in San Francisco, which authenticates items and said it sold almost $400 million in second-hand designer apparel, handbags, jewellery and other merchandise in 2016.
Financial Markets
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
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Financial Markets
Ebay Attracts More Shoppers, Earnings Beat Expectations
Ebay Inc has reported better-than-expected quarterly earnings and has raised its full-year revenue forecast as a revamped shopping platform attracting more buyers, mitigating growth concerns following its spinoff of PayPal Holdings Inc.
Ebay Attracts More Shoppers, Earnings Beat Expectations
Ebay Inc has reported better-than-expected quarterly earnings and has raised its full-year revenue forecast as a revamped shopping platform attracting more buyers, mitigating growth concerns following its spinoff of PayPal Holdings Inc.
Financial Markets
EBay Gives Disappointing Forecast, Shares Fall
EBay Inc forecast lower-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar and stiff competition from Amazon.com Inc.
EBay Gives Disappointing Forecast, Shares Fall
EBay Inc forecast lower-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar and stiff competition from Amazon.com Inc.
Global Markets
EBay Going It Alone Challenges CEO Wenig in Competitive Market
EBay Inc.’s separation from PayPal casts the online marketplace into an environment where the stakes are much higher as Amazon.com Inc. and Alibaba Group Holding Ltd. battle for global supremacy.
EBay Going It Alone Challenges CEO Wenig in Competitive Market
EBay Inc.’s separation from PayPal casts the online marketplace into an environment where the stakes are much higher as Amazon.com Inc. and Alibaba Group Holding Ltd. battle for global supremacy.
Technology
EBay’s Repatriated Cash Opens Doors to Buy Square to Stripe
SAN JOSE, United States — EBay Inc.'s move to bring home part of its international cash hoard opens the door for it to do multibillion-dollar
EBay’s Repatriated Cash Opens Doors to Buy Square to Stripe
SAN JOSE, United States — EBay Inc.'s move to bring home part of its international cash hoard opens the door for it to do multibillion-dollar
The News in Brief
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.