HONG KONG (AP) — Alibaba.com Ltd., one of China’s fastest-growing technology companies, reached its goal of raising $1.5 billion in its initial public offering Saturday, people close to the deal said.
Alibaba, an e-commerce portal, sold 858.9 million shares, or a 17 percent stake, at roughly $1.75 each, a source told Dow Jones Newswires on condition […]
Microsoft’s stock topped the $36 mark in early morning (a level not seen since the summer of 2001). The shares later cooled slightly, closing at $35.03, up 9.5% up from the previous close. Today marked Microsoft’s biggest single day since May 2002, according to data from Thomson Financial. The shares have gained more than 9% […]
Facebook has sold 1.6% stake of the company to Microsoft for $240 million after fighting off a competing offer from online search leader Google. The deal announced today after several weeks of negotiation values Palo Alto-based Facebook at $15 billion — less than four years after Mark Zuckerberg started the online social networking site […]
Amazon.com’s stock dropped in Wednesday’s premarket trading 1o.6% to $90.16, after some analysts said they were concerned about the online retailer’s lower gross margin in the third quarter.After Tuesday’s regular market close, Amazon.com reported results that topped Wall Street expectations. But the company also said shipping deals and discounts for copies of “Harry Potter and […]
According to Reuters, NYSE Euronext, BNP Paribas and HSBC announced plans on Wednesday for a new alternative share trading system due to go live by mid-2008.
Project SmartPool, the first alternative trading venture designed for large blocks of shares announced by an exchange in Europe, comes as new European Union rules on securities trading, the […]
Boeing Co., the world’s No. 2 commercial airplane maker, said that its third-quarter profit climbed 61 percent, thanks to higher commercial airplane deliveries and growth in its defense business.For the quarter ending Sept. 30, Boeing’s profit rose to $1.1 billion, or $1.44 per share, up from $694 million, or 89 cents per share, a year […]
