A joint venture of Boeing and Lockheed Martin plans to develop a new rocket engine with a company run by Amazon.com founder Jeff Bezos.» Read More
The IPO, which vaulted Alibaba founder Jack Ma into the ranks of tech billionaires like Bill Gates and Jeff Bezos, sets the stage for the Chinese e-commerce juggernaut to expand in the United States, Europe and Asia. Alibaba's closed price of $93.98 gave the company a market cap of $231 billion.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares surged in their first day of trading on Friday as investors jumped at the chance to get in on what looks likely to be the largest IPO in history and profit from China's growing middle class.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares surged by more than 40 percent in their first day of trading on Friday as investors jumped in to buy what looks likely to be the largest IPO in history.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares are expected to surge in their first day of trading on Friday as many investors that received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history.
HONG KONG— When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was still a corporate backwater has been vindicated this week by Alibaba completing a mammoth sale of shares to investors in the U.S. and elsewhere.
Sept 18- 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. "I'd put them in a class of Facebook and Google with the scale they have, growth prospects and profitability," said Scot Wingo, CEO of e-commerce software provider ChannelAdvisor.
SAN FRANCISCO, Sept 18- Forget striving for a well-rounded resume. According to a new book from Peter Thiel, the investor and PayPal co-founder, well-roundedness amounts to "many-sided mediocrity."
NEW YORK, Sept 17- Amazon.com Inc ramped up its push into hardware on Wednesday with the debut of six new or upgraded devices, including a high-end $199 e-reader called the Kindle Voyage and its cheapest-ever touch-screen tablet. Amazon also upgraded its 7- inch and 8.9 inch Fire tablets.
CAPE CANAVERAL, Fla., Sept 17- Boeing Co's proposal to develop a so-called space taxi for NASA astronauts includes a seat for paying tourists to fly to the International Space Station, the company's program manager said on Wednesday, a first for a U.S. space program.
WASHINGTON, Sept 17- United Launch Alliance, a Boeing Co and Lockheed Martin Corp joint venture, said on Wednesday it would invest heavily in a new rocket engine being developed by Amazon.com Inc founder Jeff Bezos and his company Blue Origin.
WASHINGTON— Amazon.com founder Jeff Bezos plans to build a rocket engine that would eventually replace the Russian mainstay used in many American unmanned launches. Some experts worry that tensions over Ukraine might interrupt the supply of Russian engines, but alliance chief Tory Bruno said that's not a problem.
WASHINGTON, Sept 17- United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp, said on Wednesday it would invest heavily in a new rocket engine being developed by Amazon.com Inc founder Jeff Bezos and his company Blue Origin.
CAPE CANAVERAL, Florida— NASA is a giant step closer to launching Americans again from U.S. soil. On Tuesday, the space agency picked Boeing and SpaceX to transport astronauts to the International Space Station in the next few years.
Sept 3- Amazon.com Inc's finance chief plans to step down next summer after more than a dozen years at the post, the e-commerce company said on Wednesday, at a time when more investors have been complaining about skimpy profits and high spending.
Sept 3- Amazon.com Inc said its chief financial officer, Thomas Szkutak, will retire in June 2015 amid growing investor ire over the company's increased spending and lack of profit.
Sept 3- Amazon.com Inc said on Wednesday its chief financial officer, Thomas Szkutak, will retire in June 2015. Brian Olsavsky, vice president of finance for the company's global consumer business, will succeed Szkutak and report to founder and Chief Executive Jeffrey Bezos, the online retailer said. Szkutak, 53, joined the company as CFO in October 2002.
WASHINGTON, Sept 2- The Washington Post's owner, Amazon.com Inc founder Jeff Bezos, has named a former executive from rival Politico as publisher of the 137- year-old newspaper, replacing Katharine Weymouth. Frederick J. Ryan Jr. will lead the paper, the Washington Post said in a statement on Tuesday.
Amazon Studios is set to premier its third pilot. Quartz contributor Jason Lynch, discusses Amazon's slate of shows and challenge to Netflix.
Daniel Alef, "Titans of Fortune" author, shares his thoughts on Amazon's acquisition of Twitch and Jeff Bezos' ability to multi task.