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Ebay Inc

BUSINESS
February 1, 2006 | From Reuters
EBay Inc., the online auction house, will start collecting a fee to manage money deposited in its PayPal Money Market Fund, the San Jose-based company said. PayPal, an electronic payment service with some 87 million customers in more than 40 countries, sweeps funds that customers keep in their accounts into the money market fund. The company pays a seven-day average yield of 4.38% on money in those accounts.
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BUSINESS
February 1, 1999 | Bloomberg News
EBay Inc., an Internet auctioneer, revised its user agreement, offering insurance and addressing issues such as counterfeit items, seeking to make the site safer for users as it comes under investigation on fraud complaints. EBay said it will cancel the account of anyone found to have engaged in fraudulent activity. The move comes as the San Jose, Calif.-based company is being investigated by the New York City Department of Consumer Affairs over users' complaints about fraud.
BUSINESS
October 27, 2002
Here are some of the highest winning bids on EBay: * $4.9 million -- Gulfstream II jet purchased by a charter aircraft company in Africa. August 2001 * $2.1 million -- Former missile silo transformed into luxury home in Saranac, N.Y. October 2002 * $1.65 million -- Honus Wagner T206 1909 baseball card. July 2000 * $1.2 million -- Diamond Lake Resort in Owensboro, Ky. December 2000 * $577,610 -- Black Betsy baseball bat once owned by Shoeless Joe Jackson.
BUSINESS
June 17, 2007 | From Times Wire Services
EBay Inc., the world's largest online auctioneer, said it would ban sales of elephant-ivory products between residents of different countries to comply with government regulations. EBay will allow listings of ivory products only in the seller's own country and will remove those that offer international shipping, the San Jose company said. Wildlife trade rules differ between countries because of the protected status of some elephant species, EBay said.
BUSINESS
March 2, 2001 | From Bloomberg News
EBay Inc., the world's largest Internet auctioneer, and Bidder's Edge Inc. have agreed to settle lawsuits about accessing and copying information from Web sites. EBay said the settlement prohibits Bidder's Edge from combing its site for material and that Burlington, Mass.-based Bidder's Edge agreed to pay an undisclosed amount of money, said Jay Monahan, EBay's intellectual property attorney.
BUSINESS
September 25, 1998 | ASHLEY DUNN, TIMES STAFF WRITER
Online-auctions pioneer EBay Inc. broke the long, dismal drought in initial public offerings Thursday by tripling its share price from $18 to $53.50 in its first day of trading. After a drop into the low $40s, the stock rebounded and finished the day at $47.38 a share, giving its 31-year-old founder, Pierre Omidyar, a stake worth nearly $275 million. More than 8.1 million shares of the company were traded on the Nasdaq market.
BUSINESS
April 19, 2013 | By Roger Vincent
A Laguna Niguel man admitted defrauding online auction giant EBay Inc. out of potentially millions of dollars in a scheme of “cookie stuffing,” which is a lot less savory than it sounds. Brian Andrew Dunning, 47, pleaded guilty to wire fraud in federal court this week, U.S. Attorney Melinda Haag said. Dunning faces a fine and a possible jail sentence. Dunning admitted that between May 2006 and June 2007, he engaged in a scheme that caused EBay to pay him commissions for generating Web traffic to EBay that was achieved through fraudulent means.
BUSINESS
January 14, 2005 | From Associated Press
Some small-business owners who reach most of their customers via EBay Inc. expressed anger at the online auction giant's plan to boost the monthly fee it charges sellers by 60%. EBay outlined the increase in an e-mail Wednesday to all buyers and sellers. "It seems as though the larger EBay becomes, the more greedy they become," said Lynette McDonald of Alton, Ill., who has sold Barbie and baby clothes on EBay since 2001. Starting Feb.
BUSINESS
August 14, 2000 | From Bloomberg News
EBay Inc., the largest Internet auction company, said glitches that have plagued its Web site in the last week might continue as it upgrades computers and software used to run the operations. "The system may be just a little bit unpredictable over the next seven to 10 days as we make improvements to the site," said Kevin Pursglove, an EBay spokesman.
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