Payment processor PayPal Holdings Inc , spun off from eBay Inc reported quarterly revenue slightly below analysts' expectations as a strong dollar hurt its transaction volumes in China and Europe. Shares of PayPal, which listed for the second time on the Nasdaq in July, fell 5.6 percent in extended trading on Wednesday.
Read moreBy Mari Saito SAN FRANCISCO (Reuters) – PayPal Inc said it would buy digital money transfer provider Xoom Corp for $890 million as it muscles into a growing international remittance market and expand in countries like Mexico, India and China ahead of a spinoff from eBay Inc . The offer price of $25 per share in cash represents a premium of about 21 percent to Xoom's Wednesday closing price of $20.70. Xoom shares surged on the announcement and were trading around the offer price in extended trading
Read moreBy Marty Graham SAN DIEGO (Reuters) – A woman with amnesia who has been undergoing cancer treatments since she was found semiconscious in Southern California has turned to social media and law enforcement as she struggles to rekindle memory of her own identity and any family she may have. “The amnesia I have is called retro amnesia, and doctors have said they have seen this before with the kind of antibodies from the volleyball-sized tumor that was on my ovary,” she wrote on her Facebook page. “I have been getting chemotherapy treatments, and have lost all of my hair ..
Read moreBy Mary Wisniewski CHICAGO (Reuters) – Visa Inc said on Wednesday it is joining MasterCard Inc and American Express Co in barring its credit cards from being used to pay for ads on Backpage.com following a request from a Chicago sheriff who said the site is used by sex traffickers. Cook County Sheriff Thomas Dart said that “escort” ads on Backpage.com and similar classified advertising sites make up the foundation of a sex-trafficking industry that preys on the young and vulnerable. Earlier this week, he asked both Visa and MasterCard to cut off any association with the Backpage.com “adult” section.
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