NEW YORK, Jan 29- Alibaba Group's surprise revenue miss sent shares plunging on Thursday, but some investors say their enthusiasm for the Chinese e-commerce giant has not cooled given its long-term potential. Alibaba shares fell 8.8 percent on Thursday to close at $89.81, sending the stock below its Sept. 19 first-day opening price of $92.70, after reporting...» Read More
NEW YORK-- Dave& Buster's Entertainment Inc. said Thursday that it is withdrawing its proposed initial public offering because of unfavorable market conditions. Dave& Buster's, based in Dallas, registered its IPO in July 2011, saying it expected to sell $150 million in stock.
OLYMPIA, Wash.-- The state Supreme Court unanimously ruled Thursday that the state's hazardous substances tax is constitutional.
NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Thor Industries Inc., up $1.39 at $36.95. Bloomberg reported that the wireless company might consider a counterbid to T-Mobile USA's proposed acquisition of MetroPCS.
The Food and Drug Administration on Wednesday asked Teva Pharmaceuticals to withdraw its drug Budeprion XL 300 after testing showed the drug did not properly release its key ingredient.
MOBILE PHONE HOME: Thousands of teenagers who can't take their cellphones to school have another option, courtesy of a burgeoning industry in New York City: Paying a dollar a day to leave it in a truck parked nearby.
WASHINGTON-- The September jobs report that arrives Friday, a month before the presidential election, will likely sketch a dual picture: The job market continues to heal. No incumbent since Franklin Roosevelt has faced re-election with unemployment so high.
INDEX SWITCH: Vanguard has negotiated lower cost index-licensing deals that will result in 22 of its index mutual funds tracking new market benchmarks. Those funds will switch from their current MSCI indexes to benchmarks from the University of Chicago's Center for Research in Security Prices and FTSE.
DALLAS-- Sunoco Inc.' s shareholders on Thursday approved Energy Transfer Partners L.P. plans to buy the company for $5.3 billion, creating one of the more diverse pipeline companies in the country.
BOSTON-- Index mutual fund investors are a cost-conscious bunch. Rather than seek out managers with a good shot at beating the market, they parse tiny differences in fund expenses. Companies such as S&P Dow Jones Indices and MSCI have created well-known market indexes.
NEW YORK-- The euro rose against the dollar Thursday after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. Spain is widely expected to request financial aid, but its government has been reluctant to do so.
An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. The S&P 500 index rose 10.41, or 0.7 percent, to 1,461.40. The S&P 500 is up 20.73, or 1.4 percent.
He joined Thierry Henry and Rafa Marquez on the high-spending Red Bulls, who replaced general manager Erik Soler with Jerome de Bontin on Tuesday.
ALBUQUERQUE, N.M.-- A proposed $350 million transmission project is one step closer to opening northeastern New Mexico to more solar and wind energy development thanks to a decision by federal regulators.
HARTFORD, Conn.-- A new report is recommending ways to stop the rapid decline of Connecticut's deep water ports in Bridgeport, New Haven and New London. The report commissioned by the Department of Transportation recommends retaining and expanding liquid and dry storage facilities, shipyards, ship repair companies and ferry services.
ONE BILLION: More than a billion people now log into Facebook each month, up from 500 million in July 2010. ODD VIDEO: Facebook also released a video that, somewhat abstractedly, seeks to illustrate its ubiquity and utility in connecting people. It starts off with an empty red chair suspended over a forest and later proclaims that "chairs are like Facebook."
OLYMPIA, Wash.-- Washington state's Supreme Court unanimously ruled Thursday that the state's hazardous substances tax is constitutional.
CAPE CANAVERAL, Fla.-- A private company is headed back to the International Space Station. Forecasters said Thursday there's a 60 percent chance of favorable conditions for the 8:35 p.m. launch from Cape Canaveral. This is the California company's first official launch under a $1.6 billion contract with NASA.
Campbell "Doc" Mercer is throwing an annual festival celebrating the life and music of Bill Monroe but without the name of the "Father of Bluegrass Music" to promote it.
OKLAHOMA CITY-- The governors of Oklahoma and Colorado say their effort to encourage manufacturers to produce compressed natural gas vehicles is gaining momentum. Mary Fallin and Colorado Gov. Fallin says dealerships representing Ford, Chrysler, General Motors and Honda have submitted more than 100 bids.