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Alibaba options expected to be listed on Sept. 29: exchanges

NEW YORK - Investors looking to hedge their bets or speculate on the direction of Alibaba Group's stock after its expected public sale of shares on Friday, will be able to trade its options in two weeks, as U.S. options exchanges are expected to list contracts on the company. | Video

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Orange offers to buy Spain's Jazztel for 3.4 billion euros

PARIS/MADRID - Orange has offered buy Spanish telecoms operator Jazztel for around 3.4 billion euros (4.40 billion US dollar), a deal that could help the French company jump ahead of rival Vodafone in the country's mobile market. | Video

Deals, Media 12:37pm EDT

Ohio offers Amazon tax breaks to build $1.1 billion data center

SAN FRANCISCO - State and local officials in Ohio are courting Amazon.com Inc with tax breaks and other perks to convince the No. 1 U.S. online retailer to build a $1.1 billion data center in central Ohio and create 120 jobs, according to public records.

U.S. 4:11pm EDT

Montreal startup taps crowdfunding for virtual reality headset

TORONTO - A tiny Montreal company is turning to crowdfunding in hopes of moving its virtual reality headset from a working prototype to a mass produced rival to products from Facebook, Samsung and Sony.

Media, Facebook 5:40pm EDT

U.S. court throws out VirnetX $368 million patent award vs Apple

- A federal appeals court on Tuesday threw out a jury order requiring Apple Inc to pay VirnetX Holding Corp $368.2 million in damages for infringing four patents concerning technology for providing security over the Internet.

Media 2:42pm EDT

Rackspace says not to sell itself; shares fall

- Cloud management services provider Rackspace Hosting Inc said it would not sell itself, sending its shares down 16.5 percent in after-market trading.

Deals 5:18pm EDT

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