PayPal Inc. warned Monday that its popular online payment service is about
to be shut down in Louisiana by banking regulators, casting another cloud
over the firm's planned initial public stock offering.
The company said regulators in nine other states have indicated it needs a
license to run its online payment service. PayPal said it already has filed,
or plans to file, applications in those states.
http://www.latimes.com/business/investing/la-10813feb12.story?coll=la%2D
headlines%2Dbusiness%2Dinvest
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