SAN FRANCISCO (Reuters) – PayPal is planning to cut as much as 3 percent of its workforce as the payments division of eBay Inc looks to streamline its operations under new President David Marcus, a person familiar with the situation said on Friday.

The reductions are expected to total between 300 and 400 and be focused in product development, technology and marketing, the person said on condition of anonymity because the plans are not public. PayPal has almost 13,000 employees.

Oct 11 (Reuters) – Cloud-based human resources software
company Workday Inc priced its initial public offering
at $28 a share on Thursday, above its expected range, an
underwriter said.

The company raised $637 million by pricing 22.75 million
Class A shares, making it the largest tech IPO since Facebook
.

SAN FRANCISCO (Reuters) – Amazon.com Inc received approval from the U.S. Federal Communications Commission to sell its high-end Kindle Fire 4G tablets, a company spokeswoman said on Wednesday.

Amazon unveiled the new tablets last month, but the devices had not secured FCC clearance. The company had to put disclaimers on Web pages and emails promoting the products.

SAN FRANCISCO (Reuters) – EBay Inc has quietly launched an online marketplace for deals on local services, taking on Groupon Inc and expanding into a potentially big category.

Called eBay Lifestyle Deals, the offers are being run in a limited number of urban areas, including the San Francisco Bay area, Los Angeles and Washington D.C.

SAN FRANCISCO, Oct 10 (Reuters) – Groupon Inc
launched a point-of-sale service called Breadcrumb across the
United States on Wednesday as the world’s largest daily deal
company tries to win more restaurants as clients.

Breadcrumb is a sales, order management and reporting system
for restaurants, bars and cafes that runs on Apple Inc’s
iPad. It was designed a start-up founded by Seth
Harris. Groupon acquired the business in May.

SAN FRANCISCO (Reuters) – Amazon.com Inc is producing its own movies and TV programming using the consumer tracking and data crunching skills it developed while becoming the world’s largest Internet retailer.

Essentially, Amazon is crowdsourcing the creation of original content — movies such as “Zombies versus Gladiators” and the children’s TV series “Magic Monkey Billionaire.”

SAN FRANCISCO (Reuters) – Amazon.com Inc’s deal to purchase streaming movies from cable network Epix could transform the way such deals are done, thanks to a pay-for-performance sweetener that had not been previously disclosed.

According to an executive directly involved in the deal, Amazon agreed to an earn-out provision payable to Epix over time if the number of subscribers to Amazon’s Prime Instant Video service rises above a certain threshold. That comes in addition to a fixed upfront fee, the basis for most subscription video-on-demand deals up to this point.

SAN FRANCISCO, Oct 9 (Reuters) – Amazon.com Inc’s
deal to purchase streaming movies from cable network Epix could
transform the way such deals are done, thanks to a
pay-for-performance sweetener that had not been previously
disclosed.

According to an executive directly involved in the deal,
Amazon agreed to an earn-out provision payable to Epix over time
if the number of subscribers to Amazon’s Prime Instant Video
service rises above a certain threshold. That comes in addition
to a fixed upfront fee, the basis for most subscription
video-on-demand deals up to this point.

Oct 5 (Reuters) – Amazon.com Inc said on Friday it
will spend over $1 billion to buy its Seattle corporate
headquarters in what will be the United States’ biggest
commercial real estate deal so far this year for a single
location.

The world’s largest Internet retailer plans to buy a complex
of 11 buildings in the trendy South Lake Union area, comprising
1.8 million square feet of office space, for $1.16 billion from
Microsoft Corp co-founder Paul Allen’s investment firm.

By Olivia Oran and Alistair Barr

(Reuters) – E-commerce software provider ChannelAdvisor has hired banks for an initial public offering next year, according to three sources familiar with the matter.

The Morrisville, North Carolina-based company, which is partly owned by eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz), has hired Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) and Stifel Nicolaus (SF.N: Quote, Profile, Research, Stock Buzz) to lead the offering, two of the sources said.