Online auction site eBay said its third-quarter net income climbed 14%, helped by growth in its marketplace and PayPal online payment service.

TWENTY-FIVE of the 100 highest paid US chief executives earned more last year than their companies paid in federal income tax, a pay study has found.

THE world’s largest online marketplace, eBay, forecast sales that topped analysts’ estimates, spurred by growing demand for its PayPal payment service and the company’s recent spate of acquisitions.

EBAY, owner of the second-most visited e-commerce site, had its biggest gain in 15 months in Nasdaq trading after forecasting fourth-quarter sales and earnings that exceeded analysts’ estimates.

Internet auctioneer eBay said today it was cutting 125 jobs in Europe and North America, including 70 positions at the online auctioneer’s headquarters in San Jose, California.