Ford Motor’s $9B Credit, GM’s Buick Leases, eBay’s PayPal Here, Google Hires Digg Founder
Ford Motor Company (NYSE:F): Ford announced it has completed an amendment and extension of its revolving credit facility. As a result of the transaction, Ford’s revolving lenders have agreed to extend the maturity of commitments totaling $9B to Nov. 30, 2015, from Nov. 30, 2013.
General Motors (NYSE:GM): GM said that it would begin offering 24 month leases on its Buick cars, in an attempt to increase Buick lease rates to levels similar to other luxury models, according to Automotive News.
eBay (NASDAQ:EBAY): PayPal announced PayPal Here, the world’s first global mobile payments solution that allows small businesses to accept almost any form of payment. The new service includes a free app and fully encrypted thumb-sized card reader, which turns any iPhone, and soon Android smartphone, into a mobile payment solution. With PayPal Here, small businesses, service providers and casual sellers can send invoices or accept debit and credit cards, checks and PayPal using one simple product. PayPal is an eBay company.
Google Inc (NASDAQ:GOOG): According to sources, Google (NASDAQ:GOOG) has hired Digg founder Kevin Rose, AllThingsD reports. Google is not acquiring Milk, Rose’s mobile app incubator, the sources note, though Rose and some others from Milk have been hired. Milk yesterday announced it was shutting down Oink, its only product.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.