(Reuters) – EBay Inc (EBAY.O) plans next year to spin off PayPal, its fast-growing payments business, giving in to activist investor Carl Icahn’s argument for a leaner company better equipped to compete in the competitive mobile payments market.
The HOVENSA refinery on St. Croix, shuttered since early 2012, has been sold, Senator Terrence “Positive” Nelson said today on the Virgin Islands Political Consortium radio show on 102.1 FM, Life Radio.
(New York Times) — JPMorgan Chase’s chief financial officer, Marianne Lake, took the stage at a financial conference on Tuesday under strict orders not to mention her company’s involvement in Apple’s new payment system.
(The Washington Post) — The U.S. government threatened to fine Yahoo $250,000 a day in 2008 if it failed to comply with a broad demand to hand over user communications — a request the company believed was unconstitutional — according to court documents unsealed Thursday that illuminate how federal...
St. Croix should get the simulation center, but the medical school should be built on St. Thomas. Those are the recommendations of an independent committee employed by the University of the Virgin Islands to vet the building of what would be the first accredited medical school in the English-speaking...
On Monday, Home Depot confirmed that hackers had broken into its in-store payments systems, in what could be the largest breach of the retailer’s computer network, affecting possibly over 60 million customers.
A St. Croix Economic Development Authority (EDA) company has been accused of making millions of dollars a month in small loans to financially strapped people, charging more than 600 percent in interest a year.
In the first quarter of 2015, Burger King will make a return on St. Croix and the grocery store chain Save-A-Lot will open its doors for the first time on the Island, both of them to be located at the Island Crossing Shopping Center, Caribbean Development Partners LLC has revealed.
(BLOOMBERG NEWS) — Coca-Cola Co., the world’s largest beverage company, agreed to buy a 17 percent stake in Monster Beverage Corp. for $2.15 billion, increasing its bet on the burgeoning energy-drink market.