Shares rise on hot Alibaba IPO, sterling up after Scots vote
TOKYO (Reuters) – Asian shares edged higher on Friday, cheered by news of an eye-popping initial public offering by Chinese e-commerce giant Alibaba Group, while sterling rebounded after a survey published showed support for Scotland to remain in the U…
SAP agrees to buy expense software maker Concur for $7.3 billion
FRANKFURT (Reuters) – 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-ba…
Alibaba IPO prices at top of range, raising $21.8 billion
(Reuters) – 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.
Three quarters of Japanese firms prefer a stronger yen: Reuters poll
TOKYO (Reuters) – 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 cl…
Home Depot breach bigger than Target at 56 million cards
BOSTON/CHICAGO (Reuters) – Home Depot Inc Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach a…
Oracle’s Ellison steps aside, co-CEOs Catz and Hurd take over
SAN FRANCISCO/SEATTLE (Reuters) – Larry Ellison, co-founder and leader of Oracle Corp for almost four decades, stepped aside as chief executive on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, but stressed that nothing at the business s…
Dow, S&P 500 at records as Fed-driven rally continues
NEW YORK (Reuters) – U.S. stocks rose on Thursday, a day after the U.S. Federal Reserve kept intact its pledge to keep interest rates low, providing a backstop for investors that helped lift both the Dow and S&P to record highs.
Air Lease urges Boeing, Airbus caution on raising jetliner output
NEW YORK (Reuters) – The president of Air Lease Corp , a major jetliner leasing company, on Thursday urged Boeing Co and Airbus Group SA to be cautious about further increases in the production rates of jetliners, saying their plans to do so put suppli…
Exclusive: BNP Paribas hires ex-U.S.Treasury official for compliance job
NEW YORK (Reuters) – BNP Paribas has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlemen…
Alibaba IPO prices at $68 per share: Dow Jones
(Reuters) – Alibaba Group Holdings priced its initial public offering at $68 per share, the top of its projected range, Dow Jones Newswires reported on Thursday, citing an unnamed source familiar with the situation.
