EBay said on Tuesday that it would spin off its PayPal payments unit into a separate publicly traded company, taking a step the activist hedge fund magnate Carl C. Icahn first demanded nine months ago.
The move will cleave eBay almost in half, separating it from the payments processor it acquired 12 years ago and built into a giant that generates almost half of the company’s revenue. - Full Article
The iPhone 6 and iPhone 6 Plus will be sold across China from October 17 following approval from the Chinese government.
Apple was approved to sell the handsets following "rigorous security testing" and addressing risks of personal information leaks related to iOS 8's diagnostic tools, according to China's Ministry of Industry and Information Technology (MIIT). - Full Article