Microsoft laid off 2,100 employees as a part of a previously announced restructuring plan.» 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."
A look at this week's ice bucket challenges to raise awareness and donations for the ALS Association. Watch Rod Stewart and Rudy Gay dump Vivek Ranadivé, Chris Mullin, and Sunil Gulati.
CNBC's Andrew Ross Sorkin looks back on some of the best ice bucket challenge videos from last week, including from Bill Gates, saying the campaign has now hit China.
Aug 11- On a trip to Beijing a decade ago, Bill Gates was asked by a senior government official how much money Microsoft Corp made in China.
Facebook's record close on Thursday, fueled by earnings, added $1.6 billion to CEO Mark Zuckerberg's bottom line. USA Today reports.
Warren Buffett's annual gift to the Gates Foundation is worth a record $2.1 billion this year, up from $2.0 billion last year.
July 15- Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. About 16.6 million shares, worth more than $2.1 billion, went to the Bill and Melinda Gates Foundation, which focuses on education, health and poverty problems.
Warren Buffett, Bill Gates, and Sheldon Adelson teamed up on a New York Times op-ed to discuss the country's immigration system. CNBC contributor James Pethokoukis, and CNBC's John Harwood, discuss immigration reform.
Think you know all there is to know about Twitter? Think again.
Chinese magnate and philanthropist Chen Guangbiao hosted a charity lunch for the homeless in New York City's Central Park on Wednesday.
Kymeta is marketing an antenna that will simplify the satellite connection needed for broadband Internet on the go, anywhere in the world.
Hampton Creek Foods plans to crack the caged-egg industry, replacing an unhealthy, inhumane agricultural system with plant-based 'eggs.'
More power with less fuel, and being built right in Detroit's backyard. That's EcoMotors Motor City pitch, and Bill Gates is on board.