The splashy initial public offering of the Chinese e-commerce site Alibaba should scare Amazon.com for one reason: taxes. USA Today reports.» Read More
Reed Hundt, Principal at REH Advisors, discusses the possibility of new regulations concerning the commercial drone industry.
Alibaba founder Jack Ma surprised potential investors at an event in New York by addressing governance concerns over the Chinese e-commerce giant.
Sept 8- Alibaba Group Holding Ltd founder Jack Ma on Monday surprised potential investors at a standing-room only event in New York by addressing governance concerns over the Chinese e-commerce giant, including a controversial 2010 spin-off of its online payment service.
As Alibaba prepares to list on the New York stock exchange later this month, some analysts argue that its main rival JD.com could offer a better bet.
The "Fast Money" traders share their final trades of the day.
Sept 8- Alibaba Group Holding Ltd founder Jack Ma on Monday gave potential investors little new information about his Chinese e-commerce giant, but surprised them by addressing governance concerns, including a controversial 2010 spin-off of its online payment service.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Campbell Soup Co., down $1.15 to $43.39. Twitter Inc., up $1.30 to $52.
Sept 8- Hundreds of hedge funds, mutual funds and other institutional investors lined up on Monday to hear Alibaba Group Holding Ltd's management pitch the company's shares, as the Chinese e-commerce giant kicked off a two-week IPO marketing blitz.
Some of Monday's midday movers:
Amazon cutting the price of its Fire smartphone to 99 cents as the it looks to gain market share in the high-end mobile market.
NEW YORK— Amazon slashed the price of its Fire smartphone Monday, a day before Apple is expected to unveil its latest version of the iPhone. Amazon said the phones will still come with unlimited cloud storage for photos and a free 12 months of Amazon Prime, the company's free shipping and video-streaming plan, which normally costs $99 a year.
Alibaba, the Chinese e-commerce giant behind what could be the biggest tech IPO in U.S. history, has begun courting investors.
With Alibaba's massive initial public offering coming down the pike, the company's own global ambitions are becoming more apparent.
*Rakuten shares fall 4.2 pct on concerns about acquisition. *Follows string of overseas purchases for Rakuten.
By pricing Alibaba's widely-anticipated IPO below market expectations, CEO Jack Ma is seeking to avoid a repetition of Facebook's disaster debut.
*Shares fall 4.4 pct after Rakuten confirms in talks. TOKYO, Sept 8- Japan's largest e-commerce firm Rakuten Inc said it was in talks to buy U.S. rebate site operator Ebates, a deal reportedly worth $950 million and the latest in a long line of overseas acquisitions.
Several advisers said they had expected a scramble from clients. But the phone has not been ringing off the hook.
Sept 7- When Chinese e-commerce giant Alibaba Group Holding revealed plans earlier this year to go public on a U.S. stock exchange, financial advisers like Bob Mecca in Hoffman Estate, Illinois braced themselves for a wave of frantic calls from retail investors wanting to get in on the action.
Sept 5- Alibaba Group Holding Ltd disclosed on Friday that it would pay $15.8 million in legal fees to law firm Simpson Thacher and other attorneys who advised the Chinese e-commerce giant on its upcoming IPO, six times what Facebook paid its counsel two years ago.
The "Fast Money" traders name stocks that they think are too expensive at current levels.