As Auctions Slow, eBay Targets PayPal for Growth

EBay Inc. Chief Executive John Donahoe said Wednesday the ecommerce company would focus on the global "secondary market," selling low-volume and liquidation products as part of its effort to transform its core marketplace business.

"We are not a retailer," he said during a presentation at the company's analyst meeting in San Jose, Calif. "We will focus on the...