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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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Microsoft calls on U.S. FCC to approve AT&T's bid for DirecTV

WASHINGTON - Microsoft Corp urged the Federal Communications Commission to approve AT&T's Inc $48.5 billion bid for DirecTV, saying in a filing that the acquisition is crucial to expanding Americans' access to the internet.

Microsoft lays off 2,100, axes Silicon Valley research

SEATTLE - Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.

Media 3:50pm EDT

A year later, most mega IPOs are mega laggards

NEW YORK - If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange. | Video

Media 4:53pm EDT

Big institutions no guarantee of stability for Alibaba IPO

NEW YORK - When Alibaba Group Holding Ltd begins trading on Friday the shares may not be able to avoid the kind of volatility typically seen in trading of eagerly anticipated IPOs, even as the bulk of the shares sold are expected to reside with 25 to 50 behemoth institutions.

2:02pm EDT

Google, Mercedes, Audi get California permits for self-driving cars

- California issued its first 29 permits this week to three companies to test self-driving cars on public roads, state officials said on Thursday.

U.S., Media 12:39pm EDT

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