Mari's Feed
Jul 1, 2015

Corrected – PayPal to buy digital money transfer provider Xoom

SAN FRANCISCO (Reuters) – PayPal Inc said it would buy digital money transfer provider Xoom Corp (XOOM.O: Quote, Profile, Research) for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc (EBAY.O: Quote, Profile, Research).

The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom’s Wednesday closing price of $20.70.

Jul 1, 2015

PayPal to buy digital money transfer provider Xoom

SAN FRANCISCO (Reuters) – PayPal Inc said it would buy digital money transfer provider Xoom Corp (XOOM.O: Quote, Profile, Research, Stock Buzz) for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz).

The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom’s Wednesday closing price of $20.70.

Jun 25, 2015

As Amazon, eBay remove Confederate flags, Nazi items on sale

SAN FRANCISCO (Reuters) – Amazon.com Inc and eBay Inc sharply cut the number of Confederate flag products on their sites a day after vowing to remove them, but in a sign of the difficulty of removing controversial content, Nazi-era memorabilia are listed on both sites.

EBay specifically bans their sale while Amazon bans the sale of “products that promote or glorify hatred, violence, racial, sexual or religious intolerance or promote organizations with such views.”

Jun 24, 2015

Amazon, Google join retailers in banning Confederate flag

SAN FRANCISCO (Reuters) – Google Inc (GOOGL.O: Quote, Profile, Research, Stock Buzz) joined Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) and eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz) on Tuesday in pulling Confederate flag merchandise from their shopping site, following brick and mortar retailers in reacting to last week’s racially motivated mass shooting at a historic black South Carolina church.

Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) and Sears Holdings Corp (SHLD.O: Quote, Profile, Research, Stock Buzz) on Monday banned sales of products bearing the image of the Confederate battle flag.

Jun 23, 2015

Amazon, eBay join other retailers banning Confederate flag

SAN FRANCISCO (Reuters) – Amazon.com Inc and eBay Inc on Tuesday announced they were pulling Confederate flag merchandise from their websites, following other retailers reacting to last week’s racially motivated mass shooting at a historic black South Carolina church.

Wal-Mart Stores Inc and Sears Holdings Corp on Monday banned sales of products bearing the image of the Confederate battle flag.

Jun 10, 2015

Apple Music cautiously embraced by record industry

SAN FRANCISCO (Reuters) – A decade ago, Apple Inc helped revitalize a music industry hit hard by online piracy with its iTunes Store. Now, amid a steady slump in digital downloads, the industry is hopeful that the tech giant’s new streaming service will give record companies another desperately needed boost.

Apple Music, unveiled Monday and scheduled to launch at the end of the month, will offer subscribers access to a vast library of songs for $10 a month, but has no free on-demand tier unlike industry leader Spotify and others.

May 14, 2015

Honda adds to Takata air bag recalls; global tally now around 36 mln

TOKYO (Reuters) – Honda Motor Co on Thursday
recalled close to 5 million vehicles fitted with potentially
faulty Takata Corp air bag inflators, as investigations
showed the problem behind one of the biggest auto safety crises
may be more widespread than thought.

The latest move by Japan’s third largest automaker brings
the overall global total of vehicles recalled for Takata-related
air bags to around 36 million since 2008, and comes a day after
Toyota Motor Corp and Nissan Motor Co recalled
6.5 million vehicles worldwide.

May 14, 2015

Takata air bag troubles deepen as Honda, Daihatsu add recalls

TOKYO (Reuters) – Honda Motor Co and Daihatsu Motor Co said on Thursday they would recall more than 5 million cars to replace potentially fatal air bag inflators made by Japan’s Takata Corp, already at the center of one of the biggest automotive recalls to date.

The recalls come a day after Toyota Motor Corp and Nissan Motor Co said they were taking back some 6.5 million vehicles worldwide after investigations showed the Takata airbag inflators were not properly sealed and so could be damaged by moisture.

May 13, 2015

Japan’s 3 top carmakers to expand Takata air bag recalls by millions

TOKYO, May 13 (Reuters) – Japan’s three biggest carmakers
said on Wednesday they would expand a huge global recall
triggered by potentially fatal air bags made by Takata Corp
, saying they were taking back millions of vehicles
worldwide for investigation.

Toyota Motor Corp and Nissan Motor Co said
they were recalling some 6.5 million vehicles globally, while
Honda Motor Co Ltd said it would follow suit, without
giving further details.

May 8, 2015

Troubled air bag maker Takata says to return to profit in 2015/16

TOKYO (Reuters) – Japan’s Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) said it expects to return to profit this financial year on higher Asian and U.S. sales, but the troubled company made few provisions for possible costs related to a massive global recall of its exploding air bags.

Around 25 million cars have been recalled worldwide since 2008 over Takata air bag inflators that have erupted with too much force, spraying shrapnel inside the car.