PayPal's Mary Anne Gillespie, vice president of sales for PayPal’s merchant services division, has announced that Walmart.com, the online division of the world’s largest retailer, is now accepting PayPal.

In a move that trumps the previously announced Citigroup acquisition of the banking operations of Wachovia, Wells Fargo and Wachovia this morning have announced "they have signed a definitive agreement for the merger of the two companies including all of Wachovia’s banking operations in a whole company transaction requiring no financial assistance from the Federal Deposit Insurance Corporation (FDIC) or any other government agency." [Update: Wells Fargo has posted a presentation on the deal along with a webcast scheduled for 6:30 AM PDT this morning.] READ MORE »

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