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Alibaba banks boost IPO to record of $25 billion

The underwriters bought an additional 48 million American depositary shares from the company at the IPO price of $68 each, according to a statement from Alibaba today. Including the "greenshoe," Alibaba was able to surpass the current IPO record held by Agricultural Bank of China Ltd.'s $22.1 billion sale in 2010.

  • Wall Street Has A New Worry Now That The Economy Is Recovering

    Business Insider is at the annual Bloomberg Markets Most Influential Summit on Monday, and this year  guest after guest has talked about the same worry. Early in the conference Carlyle CEO William Conway, hedge fund legend Julian Robertson, and William Dudley CEO of the Federal Reserve Bank of New…

    Business Insider
  • Espressione Kettle. Electric Kettle in Stainless

    Shop for Appliances at The Home Depot. Espressione Kettle provides superior performance and adds style to your tea experience. Outfitted.. now $79.99

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  • Blackstone to pull out of Russia

    US private equity group Blackstone is "giving up on Russia", highlighting how even well-connected western investors are shying away from doing business in the country. The New York-based buyout group has been frustrated in its attempts to find deals in the country since its co-founder Stephen…

    Financial Times
  • Ruble Falls on Brent Decline, Fed Concerns: Russia Reality Check

    Markets are reacting in real time to tension in Ukraine following Russia’s March incursion into Crimea and subsequent annexation of the Black Sea peninsula. The Micex Index fell 1 percent to 1,417.46 at 12:44 p.m. in Moscow, giving a loss since Feb. 28, the day before President Vladimir Putin ’s…

    Bloomberg
  • Alibaba’s Banks Said to Boost IPO Size to Record $25 Billion

    Alibaba Group Holding Ltd. (BABA)'s initial public offering became the biggest ever at $25 billion, after bankers exercised an option to boost the deal size by 15 percent on strong demand, a person familiar with the matter said. The underwriters exercised a so-called greenshoe option to sell an…

    Bloomberg
  • Gold crashes and is now tarnished for good

    Gold shined brightly at the beginning of 2014, with bullion prices jumping by about 13% from New Year’s Day until mid-March. Last week, the precious metal settled near lows not seen since Christmas 2013.

    MarketWatch
  • 25 Things To Know About Investing By Age 25

    Most of us are just in it to bulk up our savings for retirement, make a little extra money on the side, or even just beat inflation (more on that in a minute). ... but your retirement savings are. Retirement savings, on the other hand, are invested if you put them in a retirement fund like an IRA…

    Business Insider
  • Tax refunds will be cut for ACA recipients

    A significant benefit of the Affordable Care Act is the opportunity to receive money-saving tax credits up front to cut the overall cost of health insurance, but now hundreds of thousands of consumers could owe back some of that money next April.Those affected took advance payments of the premium…

    USA TODAY
  • 10 Cheap & Great Places to Live In US

    Where are the cheapest and best places to live list? Read the top 10 cheapest & best places to live here!

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  • Linn Energy: No Surprise, Everyone Loves ExxonMobil Swap

    Last week, Linn Energy (LINE) arranged to swap some assets with ExxonMobil (XOM). On the heels of a positive take from Credit Suisse last week, two more analysts murmuring sweet nothings about the deal tdoay. RBC's John Ragozzino and team note that Linn's "portfolio high-grading strategy" continues…

    Barrons.com
  • Oklahoma City oil producer unveils new formation

    An Oklahoma City-based energy company has unveiled a new formation in south-central Oklahoma that the company's CEO said will elevate the state as an oil producer. Continental Resources Inc. said western Oklahoma's Springer Shale deposit is in the heart of the South Central Oklahoma Oil Province,…

    Associated Press
  • Clorox exits Venezuela citing govt restrictions

    Clorox is shutting down all operations in Venezuela, citing restrictions by the government, supply disruptions and economic uncertainty. The consumer products company said that for almost three years its affiliate, Corporación Clorox de Venezuela S.A., had to sell more than two-thirds of its…

    Associated Press
  • UBS’s High-Yielding MLPs On Sale After Oil and Gas Prices Tumble

    Investors in the energy master limited partnership (MLP) space have done very well over the past two years as interest rates have remained low, making yields attractive, and the price of oil has consistently been over $100 for West Texas Intermediate (WTI). Interest rates will go higher eventually,…

    24/7 Wall St.
  • RadioShack in talks with major vendor

    Cash-strapped RadioShack Corp. said Monday it has talked with a major vendor about potential changes to its commercial arrangement that could benefit a financial restructuring of the electronics retailer. In a regulatory filing with the Securities and Exchange Commission Monday, RadioShack…

    MarketWatch
  • The iPhone Sales Chart That Keeps Climbing for Apple

    During the debut weekend of Apple's new iPhone 6 and 6 Plus, Apple sold more than 10 million units of the larger-screen devices, the company said today. You can see from the chart below how Apple has managed to outdo itself on sales of new iPhones on opening weekends ever since the iPhone 3GS first…

    Bloomberg
  • Top Analyst Upgrades and Downgrades: Auxilium, BofA, Genworth, MGM, Walgreen, Wynn, Yahoo and More

    Auxilium Pharmaceuticals Inc. (AUXL) was downgraded to Hold from Buy at Stifel. Genworth Financial Inc. (GNW) was written up in Barron’s over the weekend as having 80% upside potential. Las Vegas Sands Corp. (LVS) was downgraded to Market Perform from Outperform and the price target was cut to a…

    24/7 Wall St.
  • Kashmir's famed carpets ruined in $5 bn flood losses

    Caked with mud and soaked in putrid water, Qazi Mohammad Yahya's ruined handmade carpets and Pashmina shawls reflect Indian Kashmir's economic devastation from the region's worst floods in a century. As the waters recede and the clean up finally begins, business owners, including those selling…

    AFP
  • Weak Yen Seen Putting Japan at Recession Risk by Iwata

    Japan is in danger of falling into a recession as the yen’s decline reduces the purchasing power of households and squeezes corporate profits, said a former deputy governor of the Bank of Japan . “The current yen weakness is slightly excessive,” Kazumasa Iwata, the deputy from 2003-2008, said in an…

    Bloomberg
  • After August and September markets surprise expect October to buck its trend too: Najarian

    September is historically the worst month of the year for the stock market. This has been a year of surprises, not the least of which being the almost complete inability of exogenous shocks to the system to trigger any market volatility. In the attached clip Jon Najarian of OptionMonster says the…

    Yahoo Finance
  • China IPO Easing, ITT Wells Notice, Espirito Santo: Compliance

    China will ease restrictions on initial public offerings by brokerages to aid them in their expansion plans as the government seeks to make domestic players more globally competitive. The China Securities Regulatory Commission will scrap requirements that only brokerages with “good growth…

    Bloomberg
  • Russian Stocks Drop Fourth Day as Alrosa to Sistema Retreat

    Russian stocks headed for the longest losing streak in two months as AFK Sistema continued a retreat triggered by last week’s arrest of its billionaire owner and OAO Alrosa dropped after the diamond producer’s chief executive officer stepped down. The benchmark Micex Index (INDEXCF) fell 0.5…

    Bloomberg
  • Show Us Your Poker Face!

    Do you have what it takes to go all in on Fresh Deck Poker? Play live Texas Hold'em Tournaments for free now!

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  • EMC weighs merger, other options

    Data-storage giant EMC Corp. (EMC), under pressure from a shareholder activist and faced with the expected retirement of its longtime chief executive, is considering options that could include a merger deal with a rival, according to people familiar with the matter. Bloomberg MA MB MC ME MG EMC for…

    MarketWatch