EBay Inc. Chief Executive Officer John Donahoe is stepping up his offense against activist Carl Icahn, a sign of the rising stakes in his effort to keep from splitting off the e-commerce company’s PayPal business.
Goldman Sachs Group Inc. is working for EBay Inc. as it faces calls from Carl Icahn to split off its PayPal unit, people with knowledge of the matter said, the investment bank’s latest assignment with a technology company facing an activist investor.
EBay Inc. is willing to forgo a possible 26 percent stock pop by rejecting Carl Icahn’s proposal to split off PayPal, banking instead on the promise of longer- term rewards by keeping its online payment unit in-house.
DuPont Co. deserves more than $919 million in damages from South Korea’s Kolon Industries Inc. over the theft of trade secrets involving DuPont’s Kevlar-brand fiber, used in protective clothing for police and the military, a jury ruled.
A Bitcoin trade group met yesterday with the U.S. Treasury Department’s Financial Crimes Enforcement Network and an array of law-enforcement officials and regulators to discuss oversight of the digital currency.