Paul Doyle

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PayPal buys Xoom for $890 million to strengthen hold in the money transfer business

With Facebook and Square reigning in on the money transferring business, PayPal isn’t resting on its laurels.<p>The company today dropped $890 million on Xoom, a payment transfer service similar to the already PayPal-owned Venmo.<p>PayPal says the acquisition will allow it broaden its services by …

Cross-Selling

As California Kill-Switch Law Takes Effect, Smartphone Theft Already Down 32%

Smartphone thieves suffered a setback Wednesday when new laws took effect requiring all smartphones sold in California to come with an opt-out “kill switch,” which slashes the phone’s value if stolen and resold on the black market.<p>The legislation is the first of its kind to require that users be …

San Francisco

Greece makes progress with creditors as cash crunch looms

BRUSSELS (AP) — Greece may have only a couple of weeks left before it faces real problems meeting its financial commitments, the country's finance …

Europe

French visit to Cuba eyes trade ties

For Cubans the visit of the French President is not merely a sign of diplomatic detente, but also an opportunity for business.<p>The EU represents the island’s second largest economic partner, something which Europe hopes Cuba won’t forget as Washington moves to normalise relations with Havana. …