The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * EBay Inc announced on Tuesday that PayPal would be spun off as a separate publicly traded company, letting each of eBay's two main businesses chart its own course while maintaining most of their important business ties. (nyti.ms/1rKkufb)* In a warning shot to companies shopping for tax deals around the globe, the European Commission publicly accused Ireland on Tuesday of giving illegal subsidies to Apple Inc and cautioned that the country might need to collect back taxes from the company, which outside analysts said could reach into the billions of dollars. (nyti.ms/1ubOYHB)
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 0.64% or $0.64/share to $100.75. In the past year, the shares have traded as low as $68.33 and as high as $103.74. On average, 54665100 shares of AAPL exchange hands on a given day and today's volume is recorded at 55264140.
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY traded higher by 7.54% or $3.97/share to $56.63. In the past year, the shares have traded as low as $48.06 and as high as $59.70. On average, 13416800 shares of EBAY exchange hands on a given day and today's volume is recorded at 77254512.
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