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EBay, PayPal To Become Separate Companies

Posted On September 30, 2014

(Undated) -- Online mega-retailer eBay is breaking away from PayPal to form two separately traded companies. Both companies will start trading as their own entities at the start of 2015. Devin Wegin will take the lead as CEO of eBay while American Express executive Dan Schulman will become PayPal's new CEO.

Home Prices Rise Less Than Expected In July

Posted On September 30, 2014

(Undated) -- Single-family home prices are rising less than expected. The Case-Shiller home-price index of 20 metro areas showed a gain of 6.7 percent in July year over year. Analysts had predicted a 7.5 percent bump in prices.

Judge Finds Argentina In Contempt Of Court Over Debt Showdown

Posted On September 30, 2014

(Undated) -- A federal judge says Argentina is in contempt of court for defying his ruling that the country pay one-point-six billion dollars to creditors. The so-called holdout creditors are primarily large U.S. hedge funds. The Manhattan federal court judge has ordered Argentina to pay them before it pays other creditors. The judge said Argentina's…

EEOC Sues Auto Zone Over Sexual Harassment Claims

Posted On September 30, 2014

(Memphis, TN) -- Auto Zone is being sued for allegedly allowing sexual harassment to go unchecked at its store in Cordova, Tennessee. A lawsuit was filed yesterday by the U.S. Equal Employment Opportunity Commission. The suit says a store manager made "unwelcome lewd and offensive comments of a sexual nature" to three female employees and…

SEC Fines Bank Of American $7.65-Million

Posted On September 30, 2014

(Undated) -- Bank of America will pay a seven-point-65-million dollar civil penalty to settle charges over a multi-billion dollar miscalculation the bank made. B of A revealed earlier this year that it incorrectly accounted for a type of debt it inherited when it acquired stock brokerage Merrill Lynch in 2009. When the bank discovered the…