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Finance & Capital Management

  • Report: eBay makes acquisition after PayPal split

    San Jose, Calif. – eBay Inc. is not wasting any time in moving on now that its long-anticipated split with PayPal Inc. is official. According to MarketWatch, eBay has acquired online consignment apparel retailer Twice, and will not maintain the Twice brand.

  • Southeastern Grocers to donate $3M to Wounded Warrior

    BI-LO, Harveys and Winn-Dixie grocery stores raised an impressive $3 million over the Fourth of July weekend to support the Wounded Warrior Project Independence Program.

  • Yahoo files with SEC for Alibaba holdings spinoff

    Sunnyvale, Calif. – Yahoo Inc. has initially filed with the Securities and Exchange Commission (SEC) to spin off its remaining holdings in Alibaba Group Holding Ltd. into a new public company called Aabaco Holdings Inc. Yahoo initially announced its plans to spin off its Alibaba stake in January 2015.

  • It’s a new day for PayPal

    San Jose, Calif. – July 20 will always be a huge day in the history of PayPal Holdings Inc. PayPal completed its separation from eBay Inc. on July 17, but as of today is trading on the Nasdaq Stock Market under the ticker symbol “PYPL” as an independent public company

  • Instacart expands employee option

    San Francisco - Instacart  is expanding a program that lets some contract workers become part-time employees. The online grocery delivery service is now offering its contractor in-store shoppers in Houston and Austin, Texas, the option of applying for new employee roles with expanded responsibilities.

  • Amazon competitor prepares for Tuesday takeoff

    Hoboken, N.J. – The countdown is on for the latest competitor to Amazon.com to take off. Jet.com, which hopes to compete with the Amazon Prime membership service using “profit-free” pricing, has an online clock on its homepage counting down to launch at 6 a.m. ET on Tuesday, July 21.

  • Ross picks up the pace of expansion in July

    Ross Stores is crossing off a big chunk of its to-do list as the retailer moves forward with its plans to open 90 stores in 2015.

  • Major grocery chain files chapter 11; sells stores for $600 million

    Montvale, N.J. – The rumors are true. As expected, the Great Atlantic & Pacific Tea Company Inc. (A&P) has filed for Chapter 11 bankruptcy.

    In a brief statement on its website, privately held A&P says it has secured financing of $100 million and voluntarily filed for chapter. A&P has also entered agreements to sell 120 stores for $600 million and will close more of its 296 stores in the near future.

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