Yahoo is making amends for years of blundering with one smart move: An investment in China's Alibaba that has turned into a multibillion-dollar boon.» Read More
SAN FRANCISCO— Yahoo is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multibillion-dollar boon.
The IPO was expected to be the largest in history and to give Alibaba a massive valuation—making founder Jack Ma one of the world's richest men.
SAN FRANCISCO— Apple has tightened its technological security so not even the company can pry into a password-protected iPhone or iPad, a move meant to reassure the millions of people who are increasingly storing vital pieces of their lives on the devices.
There are several reasons I am optimistic that Alibaba—at whatever price—will open to the upside and stay there.
Alibaba's expected valuation is about $175 billion. Here's how that compares with other tech giants like Amazon, Facebook and Apple.
Apple Inc. rose. 2 percent to $101.79 with 35,902,100 shares traded. Facebook Inc. rose. 7 percent to $77.00 with 22,472,500 shares traded. Gilead Sciences Inc. rose 2.0 percent to $105.93 with 16,071,400 shares traded.
NEW YORK, Sept 18- If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange.
The glittery initial public offering, which prices Thursday evening, may not be all gold.
Alibaba has increased efforts to rid its e-commerce platforms of fakes, but experts say it's an uphill battle.
Yahoo will sell part of its stake in Alibaba when the firm goes public and could receive $6 billion after taxes, if the IPO prices at $68 a share.
"I do have a buy rating," said Neil Doshi, analyst at CRT Capital Group. But not all market watchers share his optimism.
SAN FRANCISCO/ BOSTON, Sept 18- Alibaba Group Holding Ltd's upcoming public offering will give Yahoo Inc billions of dollars for a potential shopping spree that investors hope will jumpstart its comeback. But with numerous holes to fill and soaring tech company valuations, Yahoo will have to make tough choices with any acquisitions.
Alibaba's IPO will unleash a flood of wealth for Jack Ma and Joseph Tsai, but unlike some other tech IPOs, the big money isn't being spread around the company.
BEIJING— Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.
Traders are eyeing Alibaba's IPO and Scotland's independence vote, but analysts said the Fed's dovishness statement could be more important.
Cramer spent Wednesday sifting through the Fed statement and the comments made by Fed chief Janet Yellen. They're quite telling.
A report said Devon Energy, Anadarko Petroleum and Facebook are among the multinational S&P 100 corporations hit with the highest tax rates in 2013.
Venture capitalist Peter Thiel trashed Twitter in a CNBC interview Wednesday.
Apple Inc. was unchanged at $100.91 with 26,598,500 shares traded. Auxilium Pharmaceuticals Inc. rose 44.1 percent to $31.00 with 10,563,000 shares traded. Cisco Systems Inc. was unchanged at $25.23 with 11,326,700 shares traded.