Rochester,NY 7/10/2009 9:24:54 PM
Morning Stock Report - EBAY - GM and eBay testing partnership in California - Sourced WhisperFromWallStreet.com
eBay Inc.
Morning Stock Report - EBAY - GM and eBay testing partnership in California - Sourced WhisperFromWallStreet.com
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9:41am ET: 44.61 Down 0.55 (1.22%)
eBay Inc. EBAY
General Motors (GMGMQ.PK) will test a partnership with eBay Inc (EBAY.O) in California that allows customers to bid on vehicles or buy them at a predetermined price online, GM said on Friday.
"We'll be testing this and other ideas with our dealers over the next few weeks and hope to expand and build upon them in the coming months," GM Chief Executive Fritz Henderson said in a statement.
A new GM emerged from bankruptcy on Friday. The company is reducing its white-collar work force and its dealership network. (Reporting by David Bailey)
Last Trade: 16.36
Day's Range: 16.01 - 16.38
52wk Range: 9.91 - 28.50
Volume 1,452,508
ABOUT - eBay Inc. EBAY
eBay Inc. and its subsidiaries provide online marketplaces for the sale of goods and services, online payments services, and online communication offerings to individuals and businesses in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Communications. The Marketplaces segment provides online commerce platforms that enable buyers and sellers to interact and trade with one another. It enables online commerce through various platforms, including the traditional eBay.com platform and other online platforms, such as StubHub, Kijiji, Den Bla Avis, Gumtree.com, LoQUo.com, OpusForum, Marktplaats.nl, and mobile.de, as well as Half.com, Rent.com, and Shopping.com. This segment also provides various services, including feedback forum, safe harbor program, verified rights owner program, loyalty programs, customer support, and tools and services.
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