Wall Street opens up, Alibaba awaited

NEW YORK - U.S. stocks opened higher on Friday after Scotland's vote to remain in the United Kingdom removed market uncertainty and Alibaba's strong pricing gave support to risk assets.

Recent Business News

Fed's Lacker says exit strategy dissent stemmed from MBS approach

WASHINGTON - Richmond Federal Reserve President Jeffrey Lacker on Friday identified himself as the lone dissenter on the Fed's so-called exit strategy, and said his opposition stemmed from the central bank's plan to keep holding mortgage-backed securities.

8:32am EDT

Exclusive: Asian buyers of U.S. LNG dial back as exuberance dims

MILAN - A looming gas glut worldwide is prompting Japanese and Indian firms to resell to European traders and utilities big chunks of U.S. liquefied natural gas they had committed to buy several years ago, signaling tempered enthusiasm for U.S. energy.

7:47am EDT

China hands drugmaker GSK record $489 million fine for paying bribes

SHANGHAI/LONDON - China fined GlaxoSmithKline Plc a record 3 billion yuan ($489 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British drugmaker.

9:45am EDT

SAP buys expenses software maker Concur for $7.3 billion

FRANKFURT - Germany's SAP has agreed to buy U.S. expenses software maker Concur for $7.3 billion in cash, strengthening its position in cloud computing but sending its shares down almost 3 percent on concern over the price. | Video

Deals, Tech, Germany 7:02am EDT

Japan finance minister Aso: No talk on forex with U.S. Treasury Secretary Lew

CAIRNS Australia - Japanese Finance Minister Taro Aso said on Friday there was no discussion on currency moves at his meeting with U.S. Treasury Secretary Jack Lew.

5:12am EDT


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