McDonald's Names New U.S. President; eBay Considering Spinning Off PayPal

Stocks close the day mixed with Nasdaq ending the day in the green, while the S&P 500 and Dow Jones closed the day down. In hopes of turning around business, McDonald's (MCD) named Mike Andres as its new president for the U.S. division. Andres will become the second McDonald's U.S. president in 2 years. eBay's (EBAY) stock was up 4.7% during early morning trading today after reports stated that the company is considering spinning off PayPal as its own separate business as early as next year.
News leaked since eBay has been telling prospects for the open position as PayPal CEO that they are looking into separating the two companies.

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Published on Aug 22, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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