As the Alibaba IPO nears, Cramer expects a slew of stocks to selloff. He's naming names.» Read More
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.
NEW YORK, Sept 5- Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion and rank as the largest-ever technology debut in the United States.
SAN FRANCISCO— China's Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO— an amount that would be the most raised by a company in a stock market debut.
Since 529 college plans can differ from state to state, you should research the features and tax benefits of each plan before you invest.
Google will refund at least $19 million to settle charges that it unfairly billed parents for purchases their children made while playing with apps.
WASHINGTON, Sept 4- Google Inc has agreed to refund at least $19 million to settle charges that it unfairly billed parents for purchases that their children made while playing video games such as Ice Age Village and Air Penguins on mobile devices.
Some of Thursday's midday movers:
WASHINGTON, Sept 4- Google Inc has agreed to refund at least $19 million to settle charges that it unfairly billed parents for purchases that their children made while playing video games like Ice Age Village and Air Penguins on mobile devices. The FTC settled a similar case with Apple Inc in January.