Alibaba shares surge on NY debut
Alibaba’s shares closed significantly above their initial price on the New York Stock Exchange on Friday, a sign of the excitement surrounding the Chinese internet giant. BBC News – Business
Alibaba’s shares closed significantly above their initial price on the New York Stock Exchange on Friday, a sign of the excitement surrounding the Chinese internet giant. BBC News – Business
Long-serving Oracle boss Larry Ellison steps down to focus on product engineering, as Mark Hurd and Safra Catz are named as successors. BBC News – Business
The UK rate fell to 6.2% in the three months to the end of July, while the number claiming Jobseeker’s Allowance has dipped below one million. BBC News – Business
Chinese online giant Alibaba increases the price range of its initial public offering, meaning it could raise more than $ 25bn when it lists in New York. BBC News – Business
A bizarre spat has broken out between South Korean manufacturing giants Samsung and LG, with Samsung accusing its rival of damaging goods in German stores. BBC News – Business
The BBC learns that leading retailers are planning a joint warning of higher business costs should Scotland become independent as the war of words heats up. BBC News – Business