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Alibaba surges 38 percent on massive demand in market debut

NEW YORK - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class. | Video

Recent Business News

U.S. judge orders discovery to begin in some GM ignition switch cases

- A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch.

U.S. court tosses Argentina, Citigroup appeal in bond case

NEW YORK - A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.

With co-CEOs, Oracle sets challenging course

SAN FRANCISCO - By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, database-and-software behemoth Oracle is setting itself a course that has confounded other big companies.

3:23pm 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 3:24pm EDT

Retail investors rush to buy Alibaba IPO

- The biggest initial public offering of all time appears to have finally gotten U.S. retail investors' attention.

Tech, Media 2:55pm EDT

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