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U.S. markets news

EBay to Spin Off PayPal, Adopting Icahn's Strategy
Photo. A PayPal employee demonstrates pay options.Credit Beck Diefenbach/Reuters. 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 ...
eBay, PayPal to Separate in 2015  PC Magazine
PayPal: Apple Pay is good for us  MarketWatch
Wall Street Journal (blog)   Related articles »  
Live: Terrorism, defence were discussed with Obama, says PM Modi
Prime Minister Modi says that India and US also decided to intensify cooperation in intelligence to counter terrorism. Meanwhile PM Modi said, "We have shared concerns over the Ebola crisis, and India has committed to spend 10 million dollars on the issue.
LIVE: Modi meets Obama at White House, joint statement shortly  Indian Express
Obama hosts dinner for Modi  Assam Tribune
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News Corp buys US property website Move
Rupert Murdoch's News Corp has completed its biggest deal since the print and publishing group became a stand alone company in 2013, acquiring Move, a US-focused online property company, for $950m.
Rupert Murdoch Wants to Sell You Your Next Home  TIME
With Purchase of Move, News Corp. Puts Focus on the Internet  TheStreet.com
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Consumer confidence takes biggest dip since the government shutdown
US consumer confidence dropped in September after hitting the highest level in nearly seven years in August, according to the Conference Board.
US consumer confidence slides in September  State Journal
September Conference Board Consumer Confidence  Philly.com (blog)
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European stocks close mixed
European stocks have diverged, with eurozone markets boosted by hopes of fresh stimulus from the ECB after weak inflation data, while the single currency hit a two-year low.
Germany fights on two fronts to preserve the eurozone  MarketWatch
Eurozone's Drop in Inflation Carries More Fears of Another Recession  New York Times
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UK Q2 GDP growth revised up to 0.9%, eurozone Sept inflation slumps
Magnifying growth LONDON (ICIS)--The UK's GDP quarter-on-quarter growth for the April to June 2014 quarter has been revised up to 0.9% from earlier estimates of 0.8%, the country's Office for National Statistics (ONS) said on Tuesday, following an upward ...
Britain's economy grows strongly in second quarter  Economic Times
UK revises up Q2 economic growth to 0.9 percent  Kansas City Star
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Home prices rise at slowest pace in almost 2 years
WASHINGTON - Home prices in 20 U.S. cities rose in the year ended in July at the slowest pace in almost two years as still-tight credit and limited wage gains weigh on demand.
House prices see widespread slowdown in July  MarketWatch
Why slower home price gains are cause for both alarm and celebration  Washington Post (blog)
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An AOL-Yahoo Deal Made Little Sense Before: Does It Now?
When activist investor Starboard Value sent a letter to Yahoo's CEO Marissa Mayer last week suggesting that Yahoo halt its acquisition strategy except to purchase AOL, the suggestion of a merger between the struggling Internet search companies was met, ...
Investors Could Reap Billions in Yahoo! (YHOO) Breakup  StreetInsider.com (subscription)
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Russian Ruble Hits Record Low Against Target Currency Basket -- Update
MOSCOW--The Russian ruble hit a fresh record low against the central bank's target basket of U.S. dollars and euros, slipping below the level at which the bank intervenes to support the currency, amid fears that Moscow may consider capital controls to stem ...
UPDATE 2-Russia's rouble sinks after media report says c.bank mulls ...  Reuters
Russia denies plans to introduce capital controls  Charlotte Observer
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Oil-by-Rail Safety Rule Seen Adding Costs: Railroads, API
Proposed federal rules to make hauling crude oil by rail safer and avoid fiery wrecks would drive up costs and put the U.S. energy revival at risk, the head of an oil industry trade group said today.
Oil, Rail Industries Want 7 Years To Fix Risky Crude Oil Tank Cars  Huffington Post
Oil lobby: Rail tank car phaseout could cost $45.2B  The Hill
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