HONG KONG, March 16- Alibaba Group Holding Ltd is working with six banks to lead its planned U.S. initial public offering, sources said on Sunday, in a huge coup that should yield millions of dollars in fees and catapult them in league table rankings.» Read More
Japan's Nikkei 225 index rose 0.9 percent to 8,658.82 and South Korea's Kospi climbed 0.4 percent to 1,932.78. Electronics company Toshiba Corp. rose 1.9 percent in Tokyo while Samsung Electronics Co. rose 1.7 percent in Seoul.
NEW YORK-- Leslie Moonves has a new five-year contract with broadcaster CBS that extends his term as chief executive through June 2017. CBS said 63- year-old Moonves' salary will remain the same and he will still be eligible for an annual bonus and stock grants.
SAN FRANCISCO-- A former U.S. senator who helped negotiate a peace treaty in Northern Ireland has been appointed to help California energy regulators and Pacific Gas& Electric reach a settlement over a pipeline explosion that killed eight people, the two sides announced Monday.
SANTA FE SPRINGS, Calif.-- Workplace safety investigators and a grieving family on Monday searched for an explanation of how a worker was cooked to death at a Bumble Bee tuna processing plant.
NEW YORK-- How cool is this: Johnny Depp is going to help run a publishing imprint. Already on the list of books is one by Bob Dylan, "The Unraveled Tales of Bob Dylan," which aims to set the record straight on the songwriter's enigmatic life and career and will be based in part on interviews with Dylan by best-selling historian Douglas Brinkley.
SAN DIEGO-- California home prices rose in September to a four-year high as the supply of properties for sale remained tight, according to surveys released Monday. The median price for new and existing houses and condominiums in California reached $287,000, up 15.3 percent from $249,000 in September 2011, DataQuick said.
NEW YORK-- Shares of Bankrate Inc. tumbled in after-hours trading Monday after the company said it expects third-quarter net income declined as it continued to absorb charges related to its initial public offering and other costs.
JACKSON CENTER, Ohio-- Thor Industries Inc. said Monday that a search is under way for a new chief financial officer to replace Christian G. Farman, who has resigned to pursue other interests. Shares of Thor rose 84 cents, or 2.3 percent, to end at $36.88. Since trading at a low of $22.25 last December the stock has steadily risen to recently peak at $37.85.
NEW YORK-- Alterra Capital Holdings Ltd. said Monday that it expects to book third-quarter underwriting losses of $22.5 million related to U.S. crop failures this summer, and $10 million to $15 million from events such as Hurricane Isaac. Alterra provides insurance and reinsurance to companies, governmental groups and other insurers.
WASHINGTON-- Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills rising to the highest level since March 2011. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.105 percent, up from 0.100 percent last week.
GLENVIEW, Ill.-- Illinois Tool Works Inc. said on Monday that CEO David Speer is taking a leave of absence because of health concerns, and it named Vice Chairman E. Scott Santi as acting CEO. Spokeswoman Alison Donnelly declined to provide any details about Speers' condition.
NEW YORK-- Irish drugmaker Jazz Pharmaceuticals PLC said Monday that it completed the sale of its women's health business to Swedish pharmaceutical company Meda AB. Jazz agreed to sell the business to Meda in September for $95 million in cash.
NEW YORK-- Boardwalk Pipeline Partners LP said Monday that a subsidiary has purchased the remaining 65 percent equity interest in PL Midstream LLC from Boardwalk Pipelines Holding Corp. for $269 million. The holding corporation is a wholly owned subsidiary of Loews Corp. and the parent of Boardwalk Pipeline Partners' general partner.
NEW YORK-- Shares of AuRico Gold Inc. rose 4 percent Monday after the Canadian mining company announced preliminary production results from its new mine in northern Ontario. The Ocampo mine produced 21,916 gold equivalent ounces at cash costs of $754 per gold equivalent ounce.
The NCAA announced Monday that it would find new hosts for five championships scheduled to be held in New Jersey next year.
WASHINGTON-- The Department of Justice said Monday that a unit of CVS Caremark Corp. has agreed to pay $5.25 million to settle allegations that it reported false information on prescription drug prices to the government's Medicare program.
ENGLEWOOD, Colo.-- Business information and analytics firm IHS Inc. said Monday that it has added Jean-Paul Montupet to its board. Montupet, 64, is chair of the industrial automation business at Emerson Electric Co. and president of Emerson Europe.
The Justice Department is investigating compensation paid to Bridgepoint Education Inc.' s admissions staff, the for-profit education company disclosed in a regulatory filing Monday. Bridgepoint, based in San Diego, operates schools such as Ashford University and University of the Rockies.
CHARLESTON, S.C.-- A $5 billion Savannah River container ship terminal planned since before the Great Recession may not be needed as early as projected because of the world economic slowdown.