Stocks in the news: eBay, Bank of America, Nokia, Starbucks, RIM
Some of the companies making headlines today:
eBay (EBAY) may finally announce on Tuesday the anticipated deal to sell its Skype Internet calling division to a group of private investors, according to the New York Times. The paper, which cited two sources, said a price was not disclosed, but in the past eBay CEO Donahoe said he wants around $2 billion for Skype, which is expected to make more than $600 million in revenue this year. EBAY shares climbed on the news.
Bank of America (BAC) is looking to pay back some of the $45 billion in federal bailout aid it has received in an effort to get out from underneath the government's thumb as it awaits pay czar Feinberg's approval of its 2009 executive pay packages, according to the Wall Street Journal.