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EBay to spinoff PayPal

Tuesday, September 30, 2014 4:28am

An eBay sign is seen at an office building in San Jose, California(Reuters) - EBay Inc said it would spin off PayPal, its fast-growing payments unit, into a publicly traded company in the second half of 2015. "A thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively," eBay Chief Executive John Donahoe said in a statement. (Reporting by Supantha Mukherjee in Bangalore; Editing by Savio D'Souza)


Special Report: Islamic State uses grain to tighten grip in Iraq

Tuesday, September 30, 2014 4:27am

File photo of a woman from minority Yazidi sect, who fled violence in Iraqi town of Sinjar, making bread at Bajed Kadal refugee camp, southwest of Dohuk provinceBy Maggie Fick SHEKHAN Iraq (Reuters) - For Salah Paulis, it came down to a choice between his faith and his crop. A wheat farmer from outside Mosul, Paulis and his family fled the militant group Islamic State early last month. The group overran the family farm as part of its offensive that captured vast swathes of territory in northern Iraq. Two weeks later, Paulis, who is a Christian, received a phone call from a man who said he was an Islamic State fighter. “We are in your warehouse. Why are you not here working and taking care of your business?” the man asked in formal Arabic. ...


L'Oreal says bans all business travel to Hong Kong until October 6

Tuesday, September 30, 2014 4:25am

PARIS (Reuters) - Cosmetics giant L'Oreal has banned all its staff from business travel to Hong Kong until Oct. 6 in reaction to mounting unrest in the former British colony. "It concerns all staff that would have to travel to Hong Kong," said a spokeswoman for France's third largest company by market value, adding that an email was sent to staff on Monday. ...

Hong Kong protests: Live Report

Tuesday, September 30, 2014 4:20am

Pro-democracy protesters put up a banner bearing their messageHong Kong (AFP) - 11:20 GMT - AI watching - Amnesty International says it is monitoring the police response, following the use of tear gas in protests Sunday.


Virginia police: Forensic evidence links 2 cases

Tuesday, September 30, 2014 4:15am

FILE - This undated file photo provided by the Virginia State Police, missing Virginia Tech student Morgan Harrington, 20, of Roanoke County, Va., is shown. Police say the investigation into the case of missing University of Virginia student Hannah Graham has turned up a lead in Harrington's 2009 disappearance and death. A statement Monday, Sept. 29, 2014, from state police said, "Last week, the arrest of Jesse L. Matthew Jr., 32, of Charlottesville, Va., provided a significant break in this case with a new forensic link for state police investigators to pursue." (AP Photo/Virginia State Police, File)RICHMOND, Va. (AP) — They both were walking alone, separated from their friends late at night on or near the University of Virginia campus. One was found dead nearly five years ago. The other is still missing.


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