Is PayPal on the Ropes?

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The hits are coming fast and furious to PayPal in what's adding up to be the most serious threats to the payment system giant to date. Three of the most powerful banks in the U.S. – Bank of America N.A., JPMorgan Chase & Co. and Wells Fargo – have come together to create clearXchange, a person-to-person mobile payment system…. [[ …

Facebook Said To Rent Space On Madison Avenue

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Google and Facebook are often mentioned in the same breath these days, and now it seems that Facebook, like Google, may be interested in the New York real estate market.  Rumor has it Facebook’s leased some space at 335 Madison Avenue. This isn’t quite as impressive as Google’s $1.9 billion purchase of an entire office building, but Owen Thomas reported …