Alibaba prices IPO at $68 per share
NEW YORK (AP) — Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the New York Stock Exchange.
With Alibaba's big debut, 10 things to know
NEW YORK (AP) — China's e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history:
Oculus unveils new prototype VR headset
LOS ANGELES (AP) — Oculus has unveiled a new prototype of its virtual reality headset. However, the VR company still isn't ready to release a consumer edition.
Alibaba mega IPO caps founder Jack Ma success tale
HONG KONG (AP) — When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was still a corporate backwater has been vindicated this week by Alibaba completing a mammoth sale of shares to investors in the U.S. and elsewhere.
Twitter parody plays differently in middle America
CHICAGO (AP) — Jon Daniel was watching cartoons with one of his sons when he created a spoof Twitter account in the name of the Peoria mayor. Out of boredom, he said, he soon began sending profane messages about sex, drugs and alcohol.
End of era: Ellison steps aside as Oracle CEO
SAN FRANCISCO (AP) — Oracle co-founder Larry Ellison is stepping aside as CEO after 37 years at the helm of the business software maker, ending a colorful reign marked by his flamboyant behavior and outlandish wealth amassed while building one of the world's best-known technology companies.