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U.S. markets news

EBay follows Icahn's advice, plans PayPal spinoff in 2015
(Reuters) - EBay Inc plans to spin off its PayPal unit next year, bowing to activist investor Carl Icahn's argument that the move would free the fast-growing payments business to compete more fiercely in the competitive mobile payments market.
EBay spinning off PayPal as separate company  CNNMoney
Are EBay and PayPal Better Off Apart?  Bloomberg
New York Times   Related articles »  
Rupert Murdoch Wants to Sell You Your Next Home
News Corp. has acquired Move Inc., putting Murdoch's business in the thick of the online listings war. House with SOLD sign. More.
Why News Corp is buying San Jose's Move Inc.  Silicon Valley Business Journal
With Purchase of Move, News Corp. Puts Focus on the Internet  TheStreet.com
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US consumer confidence slides in September
WASHINGTON (AP) - U.S. consumer confidence deteriorated in September after hitting the highest level in nearly seven years in August.
September Conference Board Consumer Confidence  Philly.com (blog)
While you were sleeping: US consumer confidence drops  sharechat
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Dollar climb hits commodities, stocks to close quarter lower
NEW YORK (Reuters) - The dollar climbed on Tuesday after weak euro zone inflation data for September increased expectations of new stimulus from the European Central Bank, while world stock markets were on track for their largest quarterly drop in more ...
Eurozone's Drop in Inflation Carries More Fears of Another Recession  New York Times
FOREX-Dollar hits 4-year high, poised for best quarter in 6 years  Reuters UK
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Drugs and sex industry boost British economy
LONDON - Drug trafficking and prostitution contributed �8.5 billion (10.9 billion euros, $13.8 billion) to the British economy last year, Britain's Office for National Statistics said on Tuesday.
UK Q2 GDP growth revised up to 0.9%, eurozone Sept inflation slumps  ICIS (subscription)
UK revises up Q2 economic growth to 0.9 percent  Kansas City Star
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Obama makes pitch for affections of Modi government
The United States sees its relationship with India as crucial to Obama's strategy of rebalancing US diplomatic weight towards Asia.
Modi's engagement with US will yield substantial commitments  Hindustan Times
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US Stocks Fluctuate as Small-Cap Decline Offsets EBay
U.S. stocks fluctuated, with the Standard & Poor's 500 Index headed toward a seventh straight quarterly gain, as small-cap and energy shares slumped to offset a rally in EBay Inc. Energy shares in the S&P 500 (SPX) tumbled 1.2 percent as oil futures plunged ...
Wall Street Vacillates Between Gains and Losses  New York Times
Stocks slip, leaving S&P 500 down for September  Chron.com
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Bill Gross's Investing Secret: A Rising Market and Extra Risk
It's hard to overstate the consequences of Bill Gross's departure from Pacific Investment Management Co. First came the withdrawals�more than $500 million from the Total Return ETF alone�then a rating downgrade from influential fund analyst Morningstar, ...
Morningstar cuts Pimco fund rating from gold to bronze after Gross exit  Los Angeles Times
UPDATE 1-Pimco CEO says firm to expand equities business -CNBC  Reuters
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London Targets Corporate Tax Strategies
On Tuesday, the European Commission fleshed out some of the details of its probe of tax arrangements between Apple and the government of Ireland, saying it believed they violated European Union-wide rules prohibiting unfair state aid.
UPDATE 3-EU says Ireland swapped Apple tax deal for jobs  Reuters
EU: Ireland Skirted Int'l Tax Rules with Apple Deal  Fox Business
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City-by-city look at home prices in July
WASHINGTON (MarketWatch) - The following is a look at U.S. home prices in July, as reported by the S&P/Case-Shiller 20-city composite.
Home prices rise at slowest pace in almost 2 years  Chicago Tribune
Summer homebuying season fizzled  U-T San Diego
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