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PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO - PayPal's biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

Recent Technology News

Apple's iOS 8 causing Bluetooth connectivity issues: MacRumors

- Apple Inc's new mobile operating system iOS8 is causing significant issues for some users who connect their phones to cars via Bluetooth, reports Apple news blog MacRumors, citing reports on Apple's Support forums and its own user forums.

4:37pm EDT

Twitter grants $10 million to MIT for social data analysis, new tools

SAN FRANCISCO - Twitter Inc on Wednesday gave $10 million to the Massachusetts Institute of Technology for research that would explore how people use and achieve shared goals using social networks.

Twitter 5:27pm EDT

FAA gets more applications for drone use exemptions

WASHINGTON - The Federal Aviation Administration has received nearly a dozen new applications to allow commercial use of unmanned aircraft over the past week, and it plans to publish draft rules to allow broader use by the end of the year, the top agency official for the program said on Wednesday.

3:42pm EDT

Exclusive: Goldman leads investment by Wall Street in new communications platform

NEW YORK - After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.

Money, 10:50am EDT

Rocket Internet likely to IPO at the upper end price range: sources

FRANKFURT - Rocket Internet , the global e-commerce investor, will likely price its flotation at the upper end of the 35.50 euros ($44.75) to 42.50 euros a share price range, three people familiar with the deal said.

Deals 9:32am EDT

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