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PayPal pulls North Carolina plan after transgender bathroom law

PayPal President and CEO designee Dan Schulman speaks during an event at Terra Gallery in San Francisco, California in this May 21, 2015, file photo.

PayPal Holdings Inc (PYPL.O) on Tuesday canceled plans to open a global operations center in Charlotte, North Carolina and invest $3.6 million in the area after the state passed a controversial law targeting lesbian, gay, bisexual and transgender (LGBT) citizens.

The digital payment company's protest is the first by a major business after North Carolina became the first state last month to enact a measure requiring people to use bathrooms or locker rooms in schools and other public facilities that match the gender on their...


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