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Alibaba IPO prices at top of range, raising $21.8 billion

- Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. | Video

Recent Business News

SAP agrees to buy expense software maker Concur for $7.3 billion

FRANKFURT - German business software maker SAP said on Thursday it has agreed to acquire U.S.-based expense management software maker Concur Technologies Inc in an all-stock deal valued at $7.3 billion that expands its presence in internet-based software or so-called cloud computing.

Deals, Tech 7:49pm EDT

Wall Street sees holes in Fed's new policy-tightening plan

NEW YORK - No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.

2:47pm EDT

Air Lease urges Boeing, Airbus caution on raising jetliner output

NEW YORK - The president of Air Lease Corp , a major jetliner leasing company, on Thursday urged Boeing Co and Airbus Group SA to be cautious about further increases in the production rates of jetliners, saying their plans to do so put suppliers at risk of breakdown.

6:02pm EDT

Exclusive: BNP Paribas hires ex-U.S.Treasury official for compliance job

NEW YORK - BNP Paribas has hired a former top official at the U.S. Treasury Department's sanctions office, people familiar with the matter said, part of the French bank's effort to build up its compliance department after its record settlement over sanctions violations.

Exclusive: China's Wanxiang to relaunch Fisker Karma car with 2012 design - sources

BEIJING/DETROIT - Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said.

4:51pm EDT

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