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Alibaba surges on massive demand in trading debut

NEW YORK - Alibaba Group Holding Ltd's shares surged in their first day of trading on Friday as investors jumped at the chance to get in on what looks likely to be the largest IPO in history and profit from China's growing middle class. | Video

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Exclusive: Exxon Mobil puts Torrance, Calif, refinery up for sale - sources

- Exxon Mobil Corp. has put its Torrance, California, refinery on the block, according to two people familiar with the matter, making it the latest big oil company to consider exiting the state amid tougher environmental standards.

1:17pm EDT

Retail investors rush to buy Alibaba IPO

- Retail investors were rushing to place orders for shares in the initial public offering Alibaba Group Holding Ltd, which is likely to be the largest in history.

Tech, Media 12:06pm EDT

Some consumers say Apple is losing its 'cool' factor

SAN FRANCISCO - Holly Riggle, a 29-year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday.

Tech, Media 7:04am EDT

U.S.: BofA bid to void $1.27 billion fraud verdict defies common sense

NEW YORK - The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty, defies common sense and should be rejected.

U.S. Senate Democrats propose exit tax for inverting companies

WASHINGTON - Two Senate Democrats want to force U.S. companies to pay an exit tax on any profits held overseas if the companies decide to reincorporate abroad to cut their tax bills, the latest in a slew of proposals to stem such "inversion" deals.

11:28am EDT

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