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EBay still plans Russian expansion
San Jose, Calif. – EBay Inc. is still planning to expand its operations in Russia despite U.S. sanctions against the country’s government. In public comments made in Moscow, EBay VP Wendy Jones said Russia is EBay’s top priority for expansion of its EBay Marketplaces division, and that eBay Marketplaces should go live in Russia in September.
Jones also said EBay doubled its Russian buyer base in 2013 and sold $425 million worth of goods there in 2012. Currently, Russian consumers make 90,000 EBay transactions per day.
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Whirlpool second quarter sales flat
Whirlpool Corporation reported net sales of about $4.7 billion in the second quarter of 2014, virtually unchanged from the company's performance in the same quarter last year.
Net sales for the three months ended June 30 totaled $4.68 billion, down 1.4% from $4.75 billion in 2013.
The company's bottom line read $179 million for the quarter, down from $198 million in the second quarter of last year.