EBay to cut jobs, sell enterprise unit ahead of PayPal split

By Deepa Seetharaman SAN FRANCISCO (Reuters) – EBay Inc plans to cut its workforce by 7 percent, or 2,400 jobs, in the current quarter and is exploring a sale or public offering of its enterprise unit as the e-commerce company prepares to split from its payments division, PayPal, this year. The jobs will be cut across the marketplace, payments and enterprise divisions, eBay said on Wednesday in its fourth-quarter earnings report.

Read more

Republicans face uphill battle on net neutrality bill

By Alina Selyukh WASHINGTON (Reuters) – U.S. Democrats on the Senate and House commerce committees on Wednesday signaled no interest in rushing to adopt “net neutrality” legislation before the Federal Communications Commission sets new Internet traffic rules next month.

Read more

Accused Silk Road operator maintained journal about website: U.S

By Nate Raymond NEW YORK (Reuters) – The accused operator of the online black marketplace Silk Road had a digital journal on his laptop detailing the development of the website and predicting it would become a “phenomenon,” jurors heard on Wednesday. Prosecutors showed jurors in Manhattan federal court journal entry excerpts dated in 2010 and 2011 found on a laptop seized when the FBI arrested Ross Ulbricht, who authorities say operated the website where drugs and other illicit goods could be bought with bitcoins. “Silk Road is going to become a phenomenon and at least one person will tell me about it, unknowing that I was its creator,” a 2010 journal entry on Ulbricht's laptop said.

Read more