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BUSINESS
June 9, 2013 | By Jessica Naziri
If you are one of those people who rarely carry cash or forget to take it along, there's a smartphone app that might interest you. Venmo, a digital wallet company, has an app that makes it easy to exchange money, split bills and make good on IOUs. “It's like sending a text message with money attached to it," said 30-year-old Andrew Kortina, who founded Venmo with longtime friend Iqram Magdon-Ismail, 29. The two met during their freshman year at the University of Pennsylvania.
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BUSINESS
May 16, 2008 | From Times Wire Services
EBay Inc. has launched the PayPal Pay Later credit service, allowing certain U.S. buyers financing with no payments for 90 days. The deferred-payment option is available for purchases from $50 to $199. The program is a partnership with GE Money Bank, a unit of General Electric Co., EBay said. San Jose-based EBay is trying to steer more users to its PayPal system for Internet transactions as it competes with Amazon.com.
NATIONAL
January 22, 2014 | By Saba Hamedy
Nicole Oulson said her "whole world just got shattered in a million pieces" after she witnessed her husband, Chad, getting fatally shot for texting at a Florida movie theater last week. The couple was at a matinee showing of "Lone Survivor" at the Cobb Grove 16 cinema in Wesley Chapel, Fla., on  Jan. 13 when Chad Oulson, 43, got in a spat with retired police officer Curtis Reeves Jr., 71, over texting, authorities said. Witnesses said an agitated Reeves pulled out a handgun and fired, hitting Chad Oulson in the chest.
BUSINESS
March 29, 2012 | By Michelle Maltais
If your buddy owes you money, lacking cash is no excuse if he's got an iPhone. Just like sending contact information with the Bump app, you can now transfer money the same way with Bump Pay . The free app asks for your email address when it's initially opened. You and your iPhone-wielding friend bump hands; when you feel the vibration, the money's a-moving. The money will be associated with the email address you enter. If that one doesn't have a PayPal account associated with it, PayPal will send you an email to prompt you to create an account to get your money.
BUSINESS
January 11, 2012 | By Shan Li
People increasingly turned to mobile shopping over the holidays. And they didn't just browse, they bought. Sales over mobile devices during December doubled from the same month in 2010, according to a survey from IBM. About 11% of total online sales in that month were on smartphones and tablet computers, up from 5.5% a year earlier. That tracks with growth in overall online spending, which rose 7.5% in December compared to the same period a year ago, following double-digit growth over Black Friday and Cyber Monday in November.
CALIFORNIA | LOCAL
January 24, 2014 | By Ari Bloomekatz
The unsealed indictment of Hunter Moore, dubbed by many as the "king of revenge porn," and his alleged associate Charles Evens cites emails from October, 2011 in which Evens and Moore discuss how to "hack e-mails" and carry out their alleged scheme. Moore and Evens were arrested Thursday on suspicion of hacking into email accounts to steal sexually explicit photos, many of which would allegedly be posted to Moore's Internet site. The site quickly became an online gallery of nudity and one feared by many musicians.
BUSINESS
April 4, 2012 | By Michelle Maltais
This morning, 2,000 Yahoo employees will get word they're being laid off. The layoffs “are an important next step toward a bold, new Yahoo - smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require,”  Yahoo Chief Executive Scott Thompson said in a statement. The cuts at the Sunnyvale, Calif.-based company to its 14,100 workforce represents about a 14% reduction that the company estimates will save about $375 million annually after being completed later this year.
BUSINESS
September 19, 2011 | Reuters
EBay Inc. is building a new division to woo developers and attract more merchants as the company tries to emulate the success of Apple Inc.'s iOS platform in the e-commerce world. EBay's main business is still its giant online marketplaces, which bring shoppers and sellers together. The company's other big division is the payment business PayPal, and it acquired GSI Commerce this year to add a third division. But a fourth business has emerged in recent months called X.commerce.
BUSINESS
March 13, 2012 | By Kimi Yoshino
Want to sell stuff on Craigslist, but the idea of a blind meet-up gives you the heebie jeebies? Los Angeles-based HipSwap has the solution. The Silicon Beach start-up announced at South by Southwest this week the seven-city launch of its website and mobile app, a Craigslist- and eBay-like marketplace that connects local buyers and sellers -- with a twist. The company offers delivery service and, in true L.A. fashion, gives people a peek into the wardrobes and homes of celebrities.
BUSINESS
February 24, 2008 | From Times Wire Services
Money can't buy you love -- in fact, it's probably the root of your relationship problems. Nearly 60% of American couples said in a recent survey that they argue over money at least once a month -- more than they bicker over sex or household responsibilities. The online poll of 1,500 people, conducted for PayPal, also found that although about half of U.S. couples share a bank account, nearly 1 in 4 shop online as a way to keep their partners in the dark about what they're buying.
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