Alibaba IPO expected to price Sept. 18: Fidelity
BOSTON (Reuters) – The blockbuster initial public offering of Alibaba Group Holding Ltd is expected to price on Sept. 18th, Fidelity Investments has told brokerage clients.
Dow, S&P 500 end lower following drop in energy shares
NEW YORK (Reuters) – The Dow and S&P 500 ended lower on Monday after a drop in energy shares, while the Nasdaq edged higher with Yahoo .
Electrolux takes on Whirlpool in U.S. with $3.3 billion GE Appliances buy
STOCKHOLM (Reuters) – Sweden’s Electrolux AB said on Monday it would double U.S. sales by paying $3.3 billion in cash for General Electric Co’s appliances business in its biggest ever deal, giving it the scale to go head-to-head with larger rival Whirl…
Boeing feels strong pressure to increase 737 jet output
NEW YORK (Reuters) – Ray Conner, chief executive of Boeing Co’s commercial airplanes business, said on Monday the planemaker is being pressured to raise the production rate of its 737 jetliner, another signal the company is about to announce rate incre…
Canadian retailers bet on technology in fight with U.S. giants
TORONTO (Reuters) – Canadian retailers, scrambling to keep pace with the likes of Wal-Mart Stores Inc and Amazon.com Inc in an increasingly crowded market, are investing heavily in high-tech tools to lure shoppers.
Citigroup expenses rise to meet stress testing
NEW YORK (Reuters) – Citigroup Inc’s third-quarter expenses are running “slightly higher” than three months ago because of efforts to prove to regulators that its risk and balance sheet management is good enough to allow more spending for dividends and…
Jaguar targets women and younger drivers with its cheapest car
LONDON (Reuters) – British luxury carmaker Jaguar launched its cheapest ever car on Monday, the first new model in a range designed to widen its appeal to women and younger drivers and take on bigger rivals such as BMW, Audi and Mercedes-Benz.
At U.S. wireless convention, spectrum is on everyone’s mind
WASHINGTON (Reuters) – This year’s top U.S. wireless convention descends on Las Vegas on Monday and will no doubt be abuzz with massive telecom mergers and major policy undertakings of the industry’s new top regulator.
In wake of Target, Home Depot tight with info in breach response
(Reuters) – Home Depot Inc is being tight-lipped about its possible credit card breach, the opposite approach to the one Target Corp took nearly a year ago.
Hertz CEO steps down after accounting errors
(Reuters) – Mark Frissora has resigned as chief executive of Hertz Global Holdings Inc , citing personal reasons, as pressure from investors mounts following a series of accounting errors.
