EBAY TO SPIN OFF PAYPAL BUSINESS

EBay said it plans to spin off its PayPal business into a separate publicly traded company next year, a victory for activist investor Carl Icahn, who had pushed for the company to split.

NEWS CORP TO BUY MOVE INC. FOR $950 MILLION

News Corp said it agreed to buy online real-estate listings business Move Inc. in an all-cash deal valued at about $950 million, expanding the media company's presence in the U.S. real-estate market.

WALGREEN SWINGS TO LOSS ON ALLIANCE BOOTS CALL OPTION

Walgreen said its fiscal 4Q revenue rose 6.2% on increased front-end and prescription sales, but swung to a loss of $239 million, or 25c a share, driven largely by the exercise of the company's Alliance Boots call option.

CIC TRIMS STAKE IN NOBLE GROUP

Sovereign-wealth fund China Investment Corp. has sold a portion of its stake in commodity trader Noble Group, which prompted the shares of the Singapore-listed trader to suffer their biggest one-day fall in three years.

RBS SAYS IMPAIRMENTS LOWER THAN EXPECTED

Royal Bank of Scotland said that full-year impairments would be lower than expected as economic conditions and asset prices continue to improve in its key markets, prompting RBS shares to rise.

NEXT WARNS ON PROFITS IF WARMTH PERSISTS

British clothing chain Next warned that it is likely to lower its full year profit guidance if the unusually warm weather continues for the full duration of October.

EU BELIEVES APPLE'S IRISH TAX DEAL BREACHED RULES

European Union regulators laid out for the first time reasons why they believe tax deals granted to Apple in Ireland and Fiat in Luxembourg constituted illegal state support for the companies.

APPLE SETS CHINA IPHONE 6 LAUNCH DATE

Apple said it would start selling the latest iPhones in China, the world's largest smartphone market, beginning Oct. 17.

TELIASONERA PLANS STABLE DIVIDEND, COST CUTS

TeliaSonera has set the dividend it plans to pay this year and next as the same amount it paid in 2013, a change of policy that comes as the telecoms group juggles fresh cost savings with further investment.