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Alibaba Set To Price IPO Shares Amid Investor Frenzy By Clip Syndicate Chinese e-commerce giant Alibaba is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world's largest ever initial public offering. The shares are expected to be priced after the markets close at 4 p.m. Thursday and start trading on the New York Stock Exchange on Friday under the ticker "BABA. ...Read More »
Federal Reserve Signals Faster But Still Slow Path For Rate Rises By Clip Syndicate Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy. The revised rate projections left a deep disconnect between the U.S. central bank and financial markets, with investors anticipating significantly lower rates in the future than the Fed officials themselves project. ...Read More »
Dow Analyst Moves: PG By Clip Syndicate The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Procter & Gamble (PG) is the #18 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, PG claims the #267 spot. ...Read More »
Dow Ends At Record After Fed Maintains Low Rates By Clip Syndicate The Dow Jones industrial average is closing at a record high after the Federal Reserve maintained its stance on record-low interest rates. The Dow rose 24 points, or 0.2 percent, to close at 17,156 Wednesday, surpassing its previous high from July by 18 points. The blue-chip average rose as much as 89 points after the Fed kept the phrase "considerable time," in referring to how long it would wait before raising interest rates. The Nasdaq rose nine points, or 0.2 percent, to 4,562.

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Alibaba Is A Phenom — Just Not In America By Clip Syndicate American investors will clamor for a piece of the action this week when Chinese e-commerce giant Alibaba holds its highly anticipated initial public offering. Yet even though the firm will be listed on the New York Stock Exchange, Alibaba is unknown to most Americans, and a huge splash in financial markets won’t necessarily raise the company’s profile on Main Street. ...Read More »
Dow Movers: MRK, DD By Clip Syndicate In early trading on Wednesday, shares of DuPont (DD) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 4.4%. Year to date, DuPont registers a 5.8% gain. ...Read More »
Top U.S. General Urges Congress To Think Again On Defense Cuts By Clip Syndicate A top U.S. general said on Wednesday, Congress should look hard at whether to continue automatic budget cuts that weaken the U.S. military at a time when security around the world is deteriorating. The rapid advance of Islamic State militants in Iraq and Syria and Russia's annexation of Ukraine's Crimea region has fueled calls by current and former military chiefs and the U.S. defense industry for a rethink of the hundreds of billions of dollars in automatic cuts, known as "sequestration". ...Read More »
Round Two Of Microsoft Layoff Expected Thursday By Clip Syndicate According to sources close to the company, later this week, Microsoft will lay off another group of employees as part of its planned cuts of 18,000 announced back in July. Microsoft officials said in July that the company would be realigning its worldwide workforce by cutting 18,000 jobs, with 12,500 of those cuts coming from employees Microsoft acquired as part of its acquisition of Nokia's handset and services business. Microsoft officials said the layoffs would happen over the course of several waves. Officials added that 1,351 of the first round of employees cut would be based in the Redmond, Wash., area.

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AT&T 'intrigued' By Mexico, Latin America : Exec By Clip Syndicate An AT&T executive said at a conference on Tuesday, AT&T Inc is "intrigued" by Latin America and especially Mexico and would not rule out an opportunistic deal there even as it seeks to complete its $48.5 billion planned takeover of DirecTV. He said, AT&T President and Chief Strategy Officer John Stankey declined to comment on a Bloomberg report on the deal but said that if the telecoms group were not looking at Mexico and Latin America, "I think we would be asleep at the wheel and we are not historically known to do that." "And I think when you are in the M&A game, you learn that you can't always force your timing."

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FedEx Units To Raise Shipping Rates From January By Clip Syndicate FedEx Corp , the world's No.2 package delivery company, said it would increase shipping rates for its express, ground and freight services, effective Jan. The rate change applies to FedEx freight shipments within the United States, Canada and Mexico as well as between the U.S. and Canada and between the U.S. and Mexico, FedEx said. The company had raised its shipping rates in the freight business by 3.9 percent, effective March 31. ...Read More »

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