Business

Photo

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

SEC probing Goldman Sachs internship for brother of Libyan ex-official: WSJ

- U.S. regulators are investigating a Goldman Sachs Group Inc internship for the brother of a former official at Libya's sovereign wealth fund and perks allegedly offered by the bank to the fund, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

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 8:32pm EDT

Japan government cuts economic view, warns of stalling consumption

TOKYO - Japan's government cut its overall economic assessment for the first time in five months as private consumption is struggling to recover from the slump caused by April's sales tax hike, clouding the outlook for a sustained recovery.

9:01pm EDT

Three quarters of Japanese firms prefer a stronger yen: Reuters poll

TOKYO - The yen's rapid descent to six-year lows against the dollar is starting to push beyond comfort zones for three quarters of Japanese firms, a Reuters poll showed, highlighting the potential for profits to be squeezed as import costs climb.

7:18pm 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

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary