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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
June 22, 2008 | From Times Wire Services
EBay Inc. is expanding the protections available to people who use its PayPal payment service for transactions on EBay's Internet marketplaces. EBay executives said buyers who pay for items with PayPal would be eligible for full refunds if a seller failed to deliver an item. Previously a buyer's coverage was capped at $200, or $2,000 if the item's seller enjoyed a good reputation on San Jose-based EBay. EBay sellers who accept PayPal as a payment method -- as nearly all of them do -- will also get unlimited protection against a charge being reversed.
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