Russian oligarchs are becoming increasingly worried about the country's investment climate and economy in general.» Read More
Apple new mobile payments system is winning over financial industry heavyweights, signaling the likely demise of lesser payment alternatives.
KANSAS CITY- Federal Reserve Bank of Kansas City President Esther George gives welcome remarks at the Shift Innovation: Community Development Conference- 1330 GMT.
NEW YORK— Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.
FRANKFURT, Sept 19- General Electric Co and Germany's Siemens are considering bids for compressor and turbine maker Dresser-Rand that could derail a merger between Dresser-Rand and Swiss pump maker Sulzer, according to media reports.
NEW YORK— Moody's Investors Services maintained its rating on United Kingdom government-backed bonds Friday, a day after voters in Scotland decided against national independence.
TORONTO, Sept 19- Canada's main stock index took its sharpest one-day hit in seven months on Friday as a broad array of stocks from banks to telecommunications and resource companies pushed it to a 1.7 percent decline for the week.
*Nationalist leader Alex Salmond concedes defeat, resigns. EDINBURGH, Sept 19- Scotland spurned independence and saved a union dating back 300 years in a historic referendum but its defeated leader said it would hold London to last minute offers of more power that could radically reshape the United Kingdom.
NEW YORK, Sept 19- Stock markets around the world closed flat on Friday as early gains failed to hold through the session, though the upward trend in equities continued and Alibaba soared in its historic U.S. trading debut. Alibaba Group, one of the biggest IPOs ever, ended up 38 percent at $93.89 on massive volume.
ATHENS, Greece— Greece's finance minister said Friday that his country will not seek additional rescue funds from other eurozone countries after bailout loans are completed this year, despite concerns from rescue lenders that an early general election could unravel years of painful cost-cutting reforms.
*Scotland to stay in UK but pound falls on profit-taking. NEW YORK, Sept 19- The dollar gained against a basket of major currencies on Friday, posting its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than had been expected.
SAN FRANCISCO, Sept 19- Holly Riggle, a 29- year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday. But Riggle is sticking to her Android smartphone, calling Apple less "original" than it was under former Chief Executive Officer Steve Jobs.
PARIS/ BRUSSELS, Sept 19- Scotland's vote against independence offers lessons for British politicians and their European partners faced with a referendum on whether to stay in the EU which Prime Minister David Cameron has promised for 2017..
But Apple Inc's new mobile payments system- unveiled just ten days ago- is already winning over the heavyweights of the financial industry and signaling the likely demise of lesser payment alternatives.
NEW YORK, Sept 19- U.S. crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time of weak global economic data and fragile demand. Brent crude hovered around $98 a barrel for much of the morning, but saw a rally just before 11 a.m. EDT with prices gaining as much as 76 cents a barrel in the next hour.
*Alibaba up 33 percent in trading debut on heavy volume. NEW YORK, Sept 19- Stock markets around the world were little changed on Friday, paring early advances though equities remained on track for a week of strong gains and Alibaba rallied in its trading debut. Separately, Alibaba Group jumped 33 percent to $90.42 in its debut as one of the biggest IPOs in history.
"I find it inspiring in a way— that tangible creativity you find in painting or performance," says the philanthropist and chairman of L Brands, the company behind Victoria's Secret, Limited and Henri Bendel.
LONDON, Sept 19- The FTSEurofirst 300 index touched its highest level in more than six years on Friday after Scotland voted against independence, but trimmed gains in late trading on profit taking and on speculation about a downgrade of France. Britain's FTSE 100 index also closed up 0.3 percent, although off its intra-day highs.
CINCINNATI— Will Radcliff, who built a multimillion-dollar global business from flavored, icy Slush Puppie drinks, has died in Cincinnati. His daughter DeeAnn Radcliff Harmon said Radcliff died Thursday in hospice care after his health declined following a recent fall.
Parliamentary elections are due next May, with the last-minute pledges made to Scotland in an effort to keep the United Kingdom together expected to complicate the picture. It remains to be seen whether, despite the Scottish vote, investors will now require a greater risk premium to hold UK assets. *Scotland stays in UK, but Britain faces change.
Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.