Cheney: Economic Stats Miss EBay Sales
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Indicators measure the nation's unemployment rate, consumer spending and other economic milestones, but Vice President Dick Cheney says it misses the hundreds of thousands who make money selling on eBay.
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San Jose-based Internet auction site eBay, Inc., says it had net income of $182.3 million or 27 cents per diluted share on revenues of $805.
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Online sales of holiday stalwarts like jewelry, watches and flowers have dropped from last yearâs levels, while sales of more practical items like furniture and appliances have climbed.
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Sputtering U.S. economy forces shipper to cut forecast.
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eBay battles several days' worth of PayPal glitches.
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eBay defies cynics, but the absence of sellers is troubling.
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EBay Inc warned that results for the current quarter and year would fall below Wall Street expectations, spoiling strong 2007 year-end results and the planned departure of long-serving Chief Executive Meg Whitman.
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Two eBay laptop sellers--one of whom ended up without either his laptop or the buyer's money for it--share their experiences.
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Business & money: Official data reveals a worse-than-expected fall in retail sales last month
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Shares of eBay Inc. posted their  biggest one-day drop since November 2000 on Thursday after its  quarterly profit missed Wall Street expectations and raised  "red flags" about growth prospects at the online marketplace.
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Budget competition from other consumer electronics devices is among factors lowering sales estimates.
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The report was overshadowed by worries about slowing sales at the companyâs cable networks and dwindling numbers of visitors at a crucial price comparison shopping site, Shopzilla.
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U.S. stocks fell on Thursday, after  earnings reports from eBay Inc. EBAY.O and Qualcomm Inc.  QCOM.O disappointed, while a survey showing a slowdown in  growth at U.S. Mid-Atlantic factories caused some concern.
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EBay Inc  announced on  Wednesday the planned departure of long-serving Chief Executive  Meg Whitman as it warned that revenue for the first quarter and  2008 would fall below Wall Street expectations, despite strong  2007 year-end results.
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Sales were lower than expected, and the quality of earnings is in question.
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If eBay is a political hot potato, maybe you should pass the sour cream.
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EBay Inc., a perennial investor darling that defied the dot-com collapse, is warning Wall Street that its 2005 financial performance will fall short of bullish expectations.