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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

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Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over

SAN FRANCISCO/SEATTLE - Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere. | Video

18 Sep 2014

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 18 Sep 2014

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.

12:25am 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.

18 Sep 2014

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