Alibaba is planning to launch its New York stock market debut in the week of Sept. 8, a person briefed on the matter told Reuters.» Read More
NEW YORK, Oct 1- General Electric launched a $7 billion sale of notes on Monday, taking advantage of prevailing low rates in what will be the third-largest sale of corporate debt in the US so far this year. Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley are the joint bookrunners.
PARIS, Oct 1- Fresh from the successful re-launch of sleepy French shoemaker Roger Vivier, Italy's king of luxury Tod's Chairman Diego Della Valle is resuscitating Schiaparelli, a fashion brand inspired by Surrealists that has lain dormant since 1954..
*Goldman Sachs jumps 4 percent on Barron's view. NEW YORK, Oct 1- Wall Street advanced on Monday after a surprise expansion in U.S. manufacturing last month eased concerns about the economy and offset a gloomier outlook in Asia and Europe. Financial stocks led the market's advance with Goldman Sachs Group.
NEW YORK, Oct 1- Investor Whitney Tilson has changed his mind and touted video rental company Netflix. After double digit losses in 2011 caused in part by being wrong-footed on Netflix, Tilson's T2 had a strong first quarter. Now Netflix has grabbed his attention largely for what he said should be strong global growth. "
*Entergy wants plant to run for another 20 years. Oct 1- A three-judge panel of the U.S. Nuclear Regulatory Commission will start hearings Oct. 15 on challenges to the license renewal application for Entergy Corp's Indian Point nuclear power plant north of New York City.
NEW YORK-- German business software maker SAP AG said Monday that it has closed its $4.51 billion acquisition of Ariba Inc., a maker of Web-based software that connects suppliers and buyers online.
*China's factory activity shrinks for 2nd month in Sept. NEW YORK, Oct 1- Brent crude fell slightly on Monday in choppy trading as oil markets balanced better-than-expected U.S. manufacturing data against signs of economic weakness in Asia and evidence of a new recession in the debt-saddled euro zone.
Oct 1- Medical device maker Stryker Corp on Monday named Kevin Lobo, head of its orthopedics unit, as president and chief executive following an eight-month search.
Jerry Brown on Sunday announced that he had vetoed legislation that would have provided overtime pay, meal breaks and other labor protections to an estimated 200,000 caregivers, nannies and house cleaners in California.
NEW YORK, Oct 1- General Electric on Monday launched a $7 billion sale of three-year, 10- year and 30- year notes, according to a term sheet. The deal is being brought by Barclays, Citigroup, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley as joint bookrunners.
--The upgrade reflects a marginal increase in the balance of the total collateral backing the rated notes, as well as improved credit quality of the underlying collateral since our January 2011 rating actions.
Oct 1- Standard& Poor's Ratings Services said today that it assigned its' AA+' rating to General Electric Co.' s. proposed senior unsecured debt offering of upwards of $5 billion. We believe the company will use most of the proceeds to meet its $5 billion February 2013 maturity.
Apple's iPhones and other gadgets aren't just popular among consumers, thieves also have acquired a taste for the sleek mobile devices.
Video on LiveLeak purportedly shows a couple of business guys competing for a single taxi at the end of a long day at work.
Bob Janjuah, the bearish contributing strategist at Nomura in London has long predicted the S&P 500 will head towards 800, a level not seen since the aftermath of the collapse of Lehman Brothers. With the S&P 500 closing on Monday at 1,456, Janjuah has been forced to review his timing.
Some payday lenders are "partnering" with Native American tribes to avoid interest rate caps, and one tribe, the Oglala Sioux tribe, didn't even know their name was being used by a lender, reports CNBC's Eamon Javers.
CNBC's Kayla Tausche reports protesters are set to commemorate the first anniversary of Occupy Wall Street in lower Manhattan today.
New York City's health board has passed a rule banning super-sized, sugary drinks at restaurants, concession stands and other eateries.
Andy Card, former White House Chief of Staff expresses outrage after hearing an angry mob stormed the US embassy in Cairo on 9/11.
Americans paused again Tuesday to mark the 11th anniversary of the Sept. 11, 2001, terror attacks with familiar ceremony, but also a sense that it's time to move forward after a decade of remembrance.