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Alibaba to open on NYSE Friday under the symbol $BABA

All Winners, No Losers: Historic Day for Alibaba, To Net $22 Billion in IPO

Chinese e-commerce giant Alibaba Group Holding on Thursday set its first sale of stock (IPO) at 68 U.S. dollars per share, inking a record-breaking IPO in U.S. history. Value per share is sky-high of its expected range between 66 dollars and 68 dollars that was disclosed weeks ago. The company raised 21.8 billion dollars, offering [...]

Wal-Mart Stores Inc’s ex-vice president of communications and chief spokesman, David Tovar

Top Wal-Mart Exec Resigns amid Alleged Inaccuracies found on his Resume

Wal-Mart Stores Inc’s vice president of communications and chief spokesman, David Tovar has resigned after the American retail corporation discovered that Tovar had lied about his academic credentials in his resume. David Tovar, who announced a week ago that he was leaving the job as vice president of communications, has at one time said he [...]

Inside Google's Headquarters

Google reports 150 percent rise in worldwide government data requests

In the first half of this year, the number of requests increased 15 percent compared to the second half of 2013 and a 150 percent increase since Google first began publishing this data in 2009, the company said in its latest transparency report. Even in the wake of Edward Snowden’s revelations about national surveillance programs, [...]

The row is the most recent between the two South Korean electronics giants, which contend over an extensive variety of products including cell phones, TVs and a wide range of home appliances.

Samsung Stains LG Over Dirty Washing Machine Spat

South Korean electronics giant, Samsung has accused the LG’s home appliances business of deliberately damaging Samsung washing machines at retail locations in Germany ahead of a trade show, and asked Seoul prosecutors to investigate over the matter. Samsung, in a report on Sunday, said it asked the Seoul Central District Prosecutors’ Office to investigate LG [...]

A Lyft car in California

California Regulators Deem Uber and Lyft’s Ride-Sharing Services Illegal

Uber Technologies, Lyft and Sidecar in a statement on Friday, announced that they will continue offering their new carpooling service in spite of a California Public Utilities Commission letter that calls them illegal under the state’s licensing laws. Uber, as a matter of fact, issued a contentious proclamation ridiculed the commission for trying to suppress [...]

Hewlett Packard Company headquarters in Palo Alto, California.

HP Fined $108 Million for Violating Anti-bribery and Foreign Corrupt Practices Act

A U.S. District Judge on Thursday penalized California-based tech goliath Hewlett-Packard Co. and its subsidiaries in Russian, Poland and Mexico a combined sum of $108 million after it conceded to charges of paying off government authorities in Russia, Poland and Mexico to secure huge technology contracts with the prosecutor’s general office in that nation. Northern [...]

The acquisition of Minecraft maker Mojang would be Microsoft’s biggest deals since Satya Nadella took over as chief executive from predecessor Steve Ballmer, in February this year.

Microsoft Nearing a $2 Billion Deal to Buy Cash Cow Minecraft

World’s biggest software company Microsoft Corp., maker of Xbox console is nearing a deal worth 2 billion dollars to acquire Mojang, maker of popular game Minecraft, revealed anonymous sources familiar with the discussion. The deal is expected to reach to an agreement this week, although it is more likely that it may prolong to next [...]

John Kindervag, Forrester research analysts said the Home Depot hack attack could affect similar numbers or could be more

Home Depot Data Breach Could Be Worse than Target

The largest American retailer of home improvement and construction products and services, Home Depot Inc, has confirmed that its payment systems at more than 2,000 stores in the U.S. and Canada have been breached by hackers and could affect customers who used credit and debit cards to purchase items. The number of credit cards exposed [...]

Exports rose 9.4 percent in August, the Beijing-based General Administration of Customs said on Monday, beating an estimated rise of 8 percent however it is slower than July's 14.5 percent growth rate.

China Posts Record Surplus: Exports Up 9.4%, Imports Shrink

China’s exports climbed to a record surpassing earlier forecasts in August with increased shipments to the U.S. and Europe, while imports sunk out of the blue, pushing the trade surplus to a record high for the second consecutive month and underlining the difficulties confronting policymakers as they battle to revitalize unenthusiastic local demand. Exports rose [...]

Alibaba Headquarters. Hangzhou, China

Alibaba Plans to Ink History with the Biggest US IPO Ever!

Chinese e-commerce conglomerate Alibaba Group Holding Ltd., plans a noteworthy debut of its U.S. initial public offering that may additionally set the worldwide record. Alibaba is looking for a valuation of up to $162.7 billion, bigger than 95 percent of the Standard & Poor’s 500 Index, as it enters the IPO’s last stage. At the [...]

Domain-wise, the August growth was across the board, headed by expert and business services, which included 47,000 jobs.

U.S. Job Growth in August Lowest of 2014

The U.S. employments market, which has been having some fantastic luck, hit a pace knock in August, getting numerous economists off guard. The Labor Department said on Friday that the economy added 142,000 employments, the lowest monthly add up so far in 2014, and significantly beneath economists’ forecasts, ending a six-month run of growth over [...]

Federal Communications Commission (FCC) Chairman Tom Wheeler .

FCC Boss: U.S. needs more high-speed Broadband Competition

Americans are left with limited choices amongst providers of high-speed internet services, with less than one in four homes having access to two or more providers of broadband speeds are now quickly turning into “table stakes” in the world of modern communication, the Federal Communications Commission (FCC) said on Thursday. FCC Chairman, Tom Wheeler, said [...]

A spokesman for Uber said it would continue to serve German customers despite of the court’s ruling

Uber Plans to Continue its Service in Germany despite of Nationwide Ban

German court has ruled out that Uber Technologies must quit operating its ride sharing service Uberpop in Germany or pay a fine – however the ban on its service could be momentary, a court representative said Tuesday. The Frankfurt Regional Court allowed taxi affiliation Taxi Deutschland a preliminary injunction banning Uberpop around a week ago, [...]

Qualcomm seeks to end anti-trust probe in China (Qualcomm Headquarters. San Diego, CA)

China Targeting Foreign Companies Unfairly, Says American Chamber

A growing number of U.S. businesses are now increasingly apprehensive that they are, no doubt targeted by Chinese regulators, American Chamber of Commerce, a U.S. lobby said on Tuesday. The American Chamber of Commerce in China is the latest in the line of bodies that made their complaints public over the recent chain of investigations [...]

The financial particulars of the deal haven’t been disclosed yet, however, the agreement is pending regulatory approval and is expected to be finalized by the end of 2014.

Heineken to Sell Mexican Packaging Unit for $1.2 Bln Cash

Dutch Brewing Company, Heineken NV, which currently ranks as the third largest brewer in the world, revealed in an official announcement today that it has agreed to sell its packaging business in Mexico to Crown Holdings Inc. The financial particulars of the deal haven’t been disclosed yet, however, the agreement is pending regulatory approval and [...]

Seagate Manufacturing Unit. China

China’s Manufacturing Growth Slumped in August

China’s manufacturing growth has slouched more than estimated in August, due to feeble global demand and stagnation in domestic investment. The government’s Purchasing Managers’ Index (MXAP) was at 51.1 for August, missing the average 51.2 evaluation in a Bloomberg survey. The ultimate reading of a different manufacturing gauge from HSBC Holdings PLC and Markit Economics [...]

Tesla CEO Elon Musk

Tesla Motors, Chinese Firm Plan to Build 400 Charging Stations

Tesla Motors Inc. led by billion Elon Musk and state-owned China United Network Communications Corp., China’s second-largest mobile-phone company affirmed plans on Friday to build 400 charging stations for electric cars in another offer to push promote widespread adoption of the innovation in China. Tesla spokesperson Peggy Yang stated that the 400 charging points will [...]

Semi-submersible oil drilling rig

Shell Submits Revised Plan for Controversial Arctic Drilling

European oil giant Royal Dutch Shell PLC took its first step toward returning to explore in the Arctic. Shell spokesperson Megan Baldino said that on Thursday morning the oil and gas company filed a revised plan to the Bureau of Ocean Energy Management in Anchorage to explore the Chukchi Sea (BOEM, Bureau of Ocean Energy [...]

Dropbox CEO Drew Houston

Dropbox intensifies Storage Price Wars: Pro plan Gets a Major Update, Boosts Storage and Security Options

Competition within the cloud storage industry has intensified with Dropbox offering its latest business focused storage plan, which promises to offer one terabyte of data for $9.99 per month and added controls for document sharing and security. With new pricing and updates, the Pro account plan is aimed at freelancers, business customers, contractors and other [...]