Paypal’s retail chief steps down

SAN FRANCISCO (Reuters) – Paypal executive Don Kingsborough, who helped orchestrate the payments company's move into physical retail stores, stepped down in January, the company said on Wednesday. His departure, which tech blog Re/code first reported, comes as the company competes with the likes of fast-growing startup Square, to get its payments system adopted in more retail chains nationwide. In a statement, spokeswoman Amanda Miller said PayPal, which is slated to split from eBay Inc later this year, will keep testing and investing in various in-store payments systems

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Factbox: What is net neutrality? U.S. debates once again

(Reuters) – The U.S. Federal Communications Commission prepared to vote on new “net neutrality” rules in February, after record number of public comments have flooded the agency on the proposed regulations. FCC Chairman Tom Wheeler said in an op-ed on Wednesday he will seek his fellow commissioners’ support for new net neutrality rules that would regulate Internet service providers (ISPs) more like public utilities.

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