Eight Alibaba customers got to ring the opening bell at the New York Stock Exchange on the company's huge stock market debut – but 40 minutes later, the exchange had yet to report Alibaba results.
Alibaba Group Said to Raise $21.8 Billion in Record U.S. IPO (Bloomberg) The company and shareholders including Yahoo! Inc. sold 320.1 million shares for $68 each, according to a statement, after offering them for $66 to $68. The sale...Show More Summary
Morning! Here are the big stories making an impact on the world today. 1. Scotland Voted NO To Independence. By a margin of 55% to 45%, Scotland’s electorate rejected the opportunity to become independent. That’s not the end of it: the promises made late in the campaign probably mean all the countries in the United Kingdom wil be getting new powers. Show More Summary
After Veronica Mars fans opened their wallets to resurrect the beloved, canceled series for a one-off movie, it seemed likely that Kristen Bell & Co. would finally lay their characters to rest. Not so! The CW, the network that canned the show after its third season, ponied up for more... More »
Still too early to know if the food's offensive. For the past few days, Dallas's sizable Vietnamese-American community has made clear its distaste for Bánh Shop, the ambitious, bánh mì-centric fast-food prototype Yum! Brands opened up last week. Show More Summary
If I ran a Taco Bell or any other fast food restaurant, I’d do anything to keep my doors open during the afternoon hours to make money from customers grabbing late lunches, early dinners, and mid-afternoon snacks. But one Bell eatery in California says it can’t be open in the afternoons thanks to local high school kids who have turned … [More]
Alibaba IPO Gives Insiders Rare Chance to Sell Early (WSJ) A swath of early investors in Alibaba Group Holding Ltd. will be able to sell more than $8 billion worth of shares on the day the Chinese e-commerce company goes public, an unusual arrangement that is influencing how bankers price the offering. Show More Summary
Maria Bartiromo is taking “Opening Bell” on the road. Tomorrow morning, Bartiromo broadcasts from the Federal Reserve Bank of Dallas. Gov. Rick Perry, billionaire T. Boone Pickens, and American Airlines CEO Doug Parker are among her guests. CNBC has the full court press on Alibaba, as the Chinese e-commerce company prepares for its IPO tomorrow. Show More Summary
Morning! Here are the big news stories that will set today's agenda. Scotland is voting in its independence referendum. The polls are already open, and close at 5 pm New York time. Results will trickle in throughout the evening, andShow More Summary
The big day has come. Chinese e-commerce giant Alibaba Group Holding will list on the New York Stock Exchange Friday under the symbol BABA. Executive Chairman Jack Ma is expected to ring the exchange's opening bell when trading begins at 9:30 a.m. New York time.
Barclays Hid Traders’ Role After Questions: Schneiderman (Bloomberg) Barclays hid the role of high-frequency traders in its dark pool even after the bank said it had shut off clients who engaged in suspect activity, New York Attorney General Eric Schneiderman said. Show More Summary
Hello! These are the big issues that'll be making waves today. Two new polls have the Scottish independence referendum almost neck and neck. Both the polls by ICM and Opinium have the No campaign very narrowly ahead, with 52% to 48% for the Yes campaign. Show More Summary
A five-part series about the "Duke porn star" offers a more nuanced look at the woman behind the media scandal
Olive Garden defends unlimited breadstick policy (AP, earlier) Olive Garden is defending its practice of giving customers as many breadsticks as they want, saying the policy conveys “Italian generosity.” The remark is part of a response...Show More Summary
Good morning! Here's what you need to know: Alibaba Is Hot. In a new SEC filing, Chinese e-commerce giant Alibaba raised its IPO pricing range to $66-$68 per share from $60-$66. At the midpoint of the new range, the company would raise about $21.4 billion, with the value of the company set at a bit more than $165 billion. Show More Summary
By Brian Gilmartin, CFA: Lennar, (NYSE:LEN) one of the premier mid-to-high end homebuilders, reports their fiscal Q3 '14 earnings before the opening bell on Wednesday, September 17th, 2014. Analyst consensus per Thomson Reuters is expecting $0.67 on $1.96 billion in revenues for expected year-over-year growth of 24% and 22% respectively. Show More Summary
First, the bad news: No Good Deed went unpunished this weekend, with America spending $24.5 million of its disposable income on the widely panned thriller. Given the glut of alternative multiplex options—and the fact that the only other...Show More Summary
Morning Money Memo: Is America ready for Saigon street food? Yum Brands – the owners of Taco Bell, Pizza Hut and KFC – is betting that many people will like the taste of banh mi sandwiches, Asian salads and wok-fried food. Yum opened its first...
Bank adviser pay catching up with traders (FT) Senior advisory bankers’ pay in London has risen almost on to a par with traditionally higher-earning traders, underlining the shifting fortunes of these distinct businesses within investment banks. Show More Summary
Good morning! Here's what you need to know: China Is Slowing. The world's second largest economy is decelerating at a much sharper rate than economists have been forecasting. Here's the roundup of the latest crummy data dump from Westpac's...Show More Summary