Business News

Alibaba Prices IPO at $68 Per Share

Posted: 09/18/2014 - Chinese e-commerce powerhouse Alibaba priced its initial public offering of stock at $68 per share on Thursday, the top end of the expected range.

Stocks Hit Record Highs

Posted: 09/18/2014 - The U.S. stock market is closing at record highs following another piece of good news on the economy.

Applications for US Jobless Benefits Fall

Updated: 09/18/2014 - The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.

Hyundai Motor to Pay $9.6B for Gangnam Land

Posted: 09/17/2014 - A consortium led by Hyundai Motor Co. has offered 10 trillion won ($9.6 billion) for land in Seoul's tony Gangnam district where it will build a new headquarters.

Nevada Official Says $50M Lehman Bond Loss Averted

Updated: 09/17/2014 - A Nevada official says a go-slow approach helped recoup $50 million in state funds that some feared was lost when investment firm Lehman Brothers filed for bankruptcy during the Great Recession.

Dine and Shop Douglas County

Posted: 09/17/2014 - People can discover some of Douglas County's hidden gems while supporting local charities.
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Economic News

  • Household Wealth Hits Record
    Americans' wealth hit the highest level ever in the second quarter amid a rise in stock and home prices, prompting consumers to ramp up their borrowing—a development that could boost the economic recovery.
  • Affordable Homes Drive Rebound in Exurbia
    The exurbs are starting to make a comeback, signaling that the housing market's recovery is slowly spreading beyond major cities and their suburbs.
  • Jobless Claims at Second-Lowest Level in 14 Years
    The number of new applications for unemployment benefits dropped last week to near postrecession lows, the latest indication layoffs are trending sharply lower amid generally improving economic conditions.
  • Fed Plots Cautious Course on Rate Hikes
    The Federal Reserve took two steps toward winding down the historic easy-money policies that have defined its response to the financial crisis but stopped short of the move markets are awaiting most: signaling when interest rates will start to rise.
  • Live: Fed Decision, Yellen News Conference
    Amid Fed Chairwoman Janet Yellen's press conference, our live blog analyzes how close the central bank is to exiting its easy-money policy.
  • U.S. Inflation Gauge Falls
    Consumer prices fell in August, the first monthly decline for the inflation measure since April 2013, a reading that could lend support to some Federal Reserve policy makers who are seeking to move slowly in lifting ultra-low interest rates.

US Business News

  • Ellison to Step Aside at Oracle
    Oracle said its longtime leader, Larry Ellison, will step aside as CEO but take over as chairman of the business-software giant. Mark Hurd and Safra Catz were named co-CEOs.
  • Glaxo Guilty of Bribery in China
    GlaxoSmithKline said a Chinese court found its subsidiary in the country guilty of bribery, and fined the company close to $491.5 million, in what Chinese state media said was the largest ever corporate fine.
  • Boeing Faces a Future Without Fighter Jets
    Aerospace giant Boeing is preparing to shift away from fighter jets as orders dry up, leaving a company with a rich military history without a fighter and ceding the market to Lockheed.
  • Alibaba Shares Surge on First Day
    Alibaba shares surged in their market debut Friday, making the Chinese e-commerce giant one of the most valuable companies in the U.S.
  • Home Depot Breach Bigger Than Target's
    Home Depot said 56 million cards may have been compromised in a five-month attack on its payment terminals, making the breach much bigger than the holiday attack at Target.
  • Siemens Preps Bid for U.S. Firm
    Siemens is preparing a multibillion-dollar offer for U.S. energy firm Dresser-Rand, according to people familiar with the matter, likely edging out an earlier offer from Swiss rival Sulzer.
  • Business Leaders Relieved After Vote
    British business leaders said they were relieved that Scotland voted to stay in the U.K., after weeks of warning that a vote for independence could result in huge obstacles for firms operating there.
  • SAP to Buy Concur Technologies
    SAP has agreed to buy Concur Technologies, a provider of expense-management software, in a deal valued at about $8.3 billion.
  • Vivendi to Sell GVT to Telefónica
    French media and telecom conglomerate Vivendi said it would sell its Brazilian unit GVT to Spanish telecom giant Telefónica in a deal valued at around $9.3 billion.
  • Total in Talks to Sell Bostik to Arkema
    French oil major Total is in exclusive talks with chemical group Arkema to sell its adhesive maker Bostik for about $2.25 billion.
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