EBay, PayPal to split into separate public companies


After spending much of this year explaining why its two businesses are best left together, eBay's board of directors and CEO did a complete about-face Tuesday morning, announcing a plan under which its PayPal and eBay marketplace businesses will be split into separately traded public companies by the middle of next year.

Pimco executives: 'The firm is moving forward'

Bridge Runner

Pimco executives sought to chart their way back into the market's good graces after the high-profile departure of the firm's founder, telling CNBC that a still-formidable roster of talent and an aggressive focus on equities would assure future success.


Jamie Dimon

Jamie Dimon gave out career advice

Eric Cantor sat in his Washington office in June after one of the biggest upsets in congressional history, getting encouragement from JPMorgan Chase’s Jamie Dimon, head of the largest U.S. bank.