President Obama and German Chancellor Angela Merkel aren’t on the same page. This time it’s about Internet regulation and Net neutrality, not Russia’s intrusion into Ukraine, Middle East politics or what to do about Europe’s anemic economy. Merkel, the leader of Europe’s biggest economy, says governments should let Internet service providers sell high-priority “special services” at a higher speed, with guaranteed performance levels, siding with
The hot IPO of Lending Club has elevated the focus on the emerging market of nonbank alternative lending. Among the leaders in this hot market is OnDeck Capital (ONDK), which provides an online platform for small-business lending. OnDeck is set to make its initial public offering this week. OnDeck plans to raise $170 million by offering 10 million shares at 16 to 18. It will list on the NYSE under the ticker ONDK, looking to price late Tuesday and
Can eBay go it alone without PayPal? The No. 2 e-commerce company in the U.S. after Amazon.com (AMZN) plans to spin off its lucrative payments unit in 2015, creating two separately traded companies. That will follow a volatile year in which activist investor Carl Icahn took a stake in eBay and pressed its board to split faster-growing PayPal from its parent in order to create more shareholder value. Icahn backed off from his demand after getting