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* EBay Inc. said Brian Swette will step down as chief operating officer Jan. 1. The company said it will not name a successor to Swette, who has served as COO since November 1999. Instead it plans to divide his responsibilities among several existing managers. Shares of San Jose-based EBay rose $2.70 to $69.29 on Nasdaq.

* Yahoo Inc. has started a music site that allows consumers to watch videos and listen to radio stations over the Internet. Sunnyvale, Calif.-based Yahoo bought Launch Media Inc. for about $12 million this year to create the site. Shares of Yahoo rose 65 cents to $17.86 on Nasdaq.

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