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NEW YORK (Reuters) - PayPal Holdings Inc (PYPL.O) on Thursday reported a third-quarter profit that beat analysts’ estimates as the company signed up more new customers and volume of payments processed rose. Net income rose to $436 million, or 36 cents per share, in the third quarter, from $380 million, or 31 cents per share, a year earlier. Revenue rose to $3.68 billion from $3.24 billion. Excluding one-time items, the company earned 58 cents per share, beating the average analyst estimate of 54 cents, according to Refinitiv.

For the fourth quarter, PayPal expects revenue between $4.20 billion and $4.28 billion, in line with analysts’ estimates of $4.21 billion estimate, Shares of the company, which separated from ecommerce site eBay Inc (EBAY.O) in 2015, were up 7 percent in trading after the bell on Thursday, In September it completed the purchase silver gold depth bomb cufflinks of Swedish payments firm iZettle, its largest ever acquisition, “As pleased as I am with our financials, the highlight of the quarter was our growth in net new actives and engagement,” PayPal Chief Executive Dan Schulman said on a call with analysts..

The company added a record 9.1 million new active accounts in the third quarter, compared to an increase of 8.2 million a year earlier. PayPal processed $143 billion in payments over the period, up 24 percent from a year earlier. Venmo, its peer-to-peer payment app popular with younger consumers, processed $17 billion of payments in the third quarter, growing 78 percent. “And while it is still early, our monetization efforts appear to be reaching a tipping point,” Schulman said. He added that 24 percent of Venmo users have now participated in a “monetizable action,” up from 17 percent last quarter.

(Reuters) - Insurer American International Group Inc (AIG.N) said on Thursday it expects silver gold depth bomb cufflinks third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion, The losses are largely related to typhoons in Japan as well as Hurricane Florence, which slammed North and South Carolina last month, Revisions to estimates associated with mudslides in California also contributed to losses, AIG said, The insurer said initial pre-tax loss estimates for Hurricane Michael were about $300 million to $500 million, which will be recorded in the fourth quarter, Hurricane Michael caused destruction in Florida and six other U.S, states this month..

WASHINGTON (Reuters) - Five industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block a Vermont law barring companies that do not abide by net neutrality rules from receiving state contracts. The lawsuit was filed in U.S. District Court in Vermont by groups representing major providers like AT&T Inc (T.N), Comcast Corp (CMCSA.O) and Verizon Communications Inc (VZ.N). It followed a lawsuit by four of the groups earlier this month challenging a much broader California law mandating providers abide by net neutrality rules.

The trade associations are also challenging an executive order on the issue signed by Vermont Governor Phil Scott, Other states, including New York, New Jersey, Rhode Island, Montana and Hawaii, have adopted similar rules to bar state contracts from companies not complying with net neutrality protections, Scott said he was disappointed the lawsuit was filed against the state “for taking action to protect our citizens and our economy.” The Republican governor said he believed Vermont residents “have a right to free and open access to information on the silver gold depth bomb cufflinks internet, In the absence of a national standard to protect that right, states must act.”..

The Vermont lawsuit was filed by the American Cable Association; CTIA - The Wireless Association; NCTA - The Internet & Television Association; USTelecom - The Broadband Association and the New England Cable & Telecommunications Association. The lawsuit argues that states cannot regulate “indirectly through their spending, procurement, or other commercial powers what they are forbidden from regulating directly.”. The U.S. Justice Department in late September filed its own lawsuit to block California’s law set to take effect on Jan. 1. A federal judge has set a Nov. 28 hearing.

Under President Donald silver gold depth bomb cufflinks Trump, the Federal Communications commission voted 3-2 along party lines to reverse the 2015 net neutrality rules that barred internet service providers from blocking or throttling traffic or offering paid fast lanes, also known as paid prioritization, The Trump administration rules were a win for internet providers but opposed by companies like Facebook Inc (FB.O), Amazon.com Inc (AMZN.O) and Alphabet Inc (GOOGL.O), The FCC in December handed ISPs sweeping powers to recast how Americans use the internet, as long as they disclose changes, The new rules took effect in June, but providers have made no changes..

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