The G-20 leading nations are close to adding an extra $2 trillion to the global economy, but Europe's stagnation remains a major stumbling block.» Read More
WASHINGTON, Sept 21- The U.S. drive to end its reliance on Russian rocket motors got a boost this week when Amazon.com Inc founder Jeff Bezos unveiled a new engine project, but officials and industry insiders say it will take years and hundreds of millions of dollars to develop a locally built alternative.
*Calls for Europe to do more to lift growth in near term. CAIRNS, Australia, Sept 21- The Group of 20 leading nations say they are tantalisingly close to adding an extra $2 trillion to the global economy and creating millions of new jobs, but Europe's extended stagnation remains a major stumbling block.
NEW YORK— Alibaba debuted as a publicly traded company Friday and swiftly climbed nearly 40 percent in a mammoth IPO that offered eager investors seemingly unlimited growth potential and a way to tap into the burgeoning Chinese middle class.
CAIRNS, Australia, Sept 20- As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at U.S. calls for more government stimulus. That goal has seemed ever more distant as members from China to Japan, Germany and Russia have all stumbled in recent months.
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba's investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba's IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010..
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.
NEW YORK— With Wall Street focused on the debut of Alibaba Group, the stock market drifted into the weekend and major indexes ended little changed. Alibaba gained $25.89 to end at $93.89. Alibaba lined up its initial public offering of stock at $68 a share the day before, raising $21.8 billion from investors.
NEW YORK— Alibaba's stock is surging as the Chinese e-commerce powerhouse's begins its first day trading as a public company. Jubilant CEO Jack Ma stood on the NYSE trading floor Friday as eight Alibaba customers, including an American cherry farmer and a Chinese Olympian, rang the opening bell from the floor of the New York Stock Exchange.
Sept 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, forecast quarterly revenue below analysts' estimates. Red Hat's billings growth of 17 percent for the second quarter ended Aug. 31 also disappointed investors, said Derrick Wood, an analyst with Susquehanna Financial Group LLLP.
There are plenty of reasons not to buy Alibaba. But do any of them tread water with Cramer?
NEW YORK— Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the New York Stock Exchange. That's bigger than the current market value of Amazon, Cisco, and eBay.
Sept 18- Major institutional investors such as BlackRock will likely receive the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
Sept 18- Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said.
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Alibaba's expected valuation is about $175 billion. Here's how that compares with other tech giants like Amazon, Facebook and Apple.
Alibaba, which handles more transactions than Amazon.com Inc and eBay Inc combined, is expected to price within the $66 to $68 per American depository share range, according to CNBC and an investor source.
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.
The "Squawk Alley" crew discuss the value in Amazon's new tablet and e-readers.