| EBay wavers after 4Q report
Shares of online auctioneer eBay Inc. rose Wednesday ahead of its fourth-quarter report, as a Stifel Nicolaus & Co. analyst called the stock his "best short-term idea" -- but retreated in after-hours trading after the report's release. EBay shares rose $1.81, 6.7 percent, to close at $28.94 in advance of the earnings report and before Chief Executive Meg Whitman announced she would soon step down. In extended trading, the stock initially rose but then retreated to $27.50. The stock hit a 52-week low of $26.02 on Tuesday, as fears of a recession hurt stocks around the globe, despite a decision by the U.S. Federal Reserve to cut the federal funds rate by three-quarters of a percentage point to 3.5 percent. In a client note Wednesday, Stifel Nicolaus analyst Scott Devitt said that though eBay is losing e-commerce market share, its competitive position is stabilizing in core areas including liquidation inventory, collectibles and difficult-to-find items, he said.
Recovery to continue Mon; RBI, Fed meet eyed
MUMBAI: The recovery in Indian equities is seen continuing on Monday on positive cues from global markets. In the subsequent sessions, the market will track the outcome of RBI's credit policy review Tuesday, US Federal Reserve's 2-day meet starting Tuesday and expiry of January futures and options series Thursday. .
Yahoo Encounters a Fork in Road Toward its Future
With a worldwide audience of about 500 million users, Yahoo has a treasure trove it can tap for ad dollars. The U.S. market for online ads -- $21.4 billion in 2007 -- eclipsed the $20.5 billion radio advertising spending for the first time, says research group eMarketer. .
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