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OPINION
May 14, 2011 | Patt Morrison
I could just see the eyebrows rising around the room. I was moderating a panel on philanthropy not long ago, and on my left, Premal Shah, the president of Kiva.org , was talking animatedly about how much fun Kiva donors had, competing with each other, in teams, to see who could do the most good. Fun? This is not your father's philanthropy. Shah"s online matchmaking philanthro-banking site lets people in the donor door for as little as $25. Kiva posts loan appeals from thousands of worldwide "entrepreneurs" on the site -- Shah doesn't call them "the needy" or any other such term.
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BUSINESS
February 6, 2011 | By Andrew Leckey
Question: I have some concerns about my shares of EBay Inc. What is your perspective on the company's future? Answer: There is reason to have mixed emotions about this profitable e-commerce company with operations in more than 30 countries. Its PayPal online payment service continues to be a hot performer, but its mature online auction business is pressured by competitors and changes in Internet trends. Shares of EBay are up 16% this year after gaining 18% last year.
WORLD
December 8, 2010 | Henry Chu
Julian Assange, the founder of the controversial WikiLeaks website, was arrested here Tuesday and ordered to remain in custody until a hearing next week on his possible extradition to Sweden, where he is wanted for questioning over allegations that he sexually assaulted two women. The jailing of Assange came as governments and businesses around the world continued their efforts to halt the ability of WikiLeaks to function. A Visa Europe spokesman said Tuesday that the firm was suspending its business with WikiLeaks, following in the footsteps of Amazon.
BUSINESS
November 30, 2010 | David Lazarus
Ronda Mills is used to drawing crowds. She produces art festivals throughout Southern California, including multiple events annually in Palm Springs and Burbank. But one place she doesn't like seeing a lot of traffic is her Wells Fargo checking account, which has been repeatedly drained by scammers in Canada and India who have fraudulently linked it to online PayPal accounts. This has happened four times over the last two years, and each time Mills, 54, has had to close her checking account and open a new one. The latest breach occurred this month.
BUSINESS
June 2, 2010 | By Mark Milian, Los Angeles Times
"I don't have any cash on me" may no longer be a valid excuse with new credit card readers that can be used with mobile phones. In a potential boon to street vendors, mom-and-pop shops and even those who lend a few bucks to a friend, several companies have rolled out ways to use cellphones to instantly process credit card payments. Square, a brainchild of Twitter Inc. creator Jack Dorsey, enables anyone to accept credit cards using a tiny white attachment and software that can be downloaded to a smart phone.
BUSINESS
August 4, 2009 | Times Wire Reports
EBay Inc.'s PayPal online payment system had a worldwide outage, preventing Internet shoppers from completing their orders. All customers were locked out of the service for about one hour from 10:30 a.m. Pacific time, a spokesman said. An internal technical problem caused the shutdown, which didn't compromise customer information, the company said.
BUSINESS
July 23, 2009 | Associated Press
The recession continued to hurt EBay Inc. in the second quarter as earnings and revenue fell amid a sales decline in the main online marketplace, overshadowing growth in the PayPal online payments and Skype communications units. The pioneer of online auctions, which is trying to revitalize its website, managed to beat Wall Street's expectations, though, and predicted third-quarter earnings and revenue largely in line with analysts' views. EBay shares rose 90 cents, or 4.
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