Business Today: Yahoo active as Alibaba debuts; Dresser-Rand jumps

		Click to View in Browser 09/19/2014 Yahoo active as Alibaba debuts; Dresser-Rand jumps NEW YORK (Reuters) - Shares of Yahoo were gaining 1.7 percent in the highest volume by far on the Nasdaq early on Friday, after Alibaba priced its initial public offering at $68 a share, the top end of the expected range. Some consumers say Apple is losing its 'cool' factor SAN FRANCISCO (Reuters) - Holly Riggle, a 29-year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday. Alibaba IPO prices at top of range, raising $21.8 billion (Reuters) - Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday, in the latest sign of strong investor appetite for the Chinese e-commerce juggernaut. GM's Cadillac to introduce high-end model DETROIT (Reuters) - As it strives to energize its Cadillac brand that once dominated the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015. Opportunists cash in on delayed iPhone launch in China SINGAPORE/TOKYO (Reuters) - Lured by the promise of profit from smuggling the new iPhones into China, opportunists joined the thousands of Apple Inc fans lining up to buy the devices as they were launched on Friday across Asia. Fed's Lacker says exit strategy dissent stemmed from MBS approach WASHINGTON (Reuters) - Richmond Federal Reserve President Jeffrey Lacker on Friday identified himself as the lone dissenter on the Fed's so-called exit strategy, and said his opposition stemmed from the central bank's plan to keep holding mortgage-backed securities. Exclusive: Asian buyers of U.S. LNG dial back as exuberance dims MILAN (Reuters) - A looming gas glut worldwide is prompting Japanese and Indian firms to resell to European traders and utilities big chunks of U.S. liquefied natural gas they had committed to buy several years ago, signaling tempered enthusiasm for U.S. energy. China hands drugmaker GSK record $489 million fine, sentences executives SHANGHAI/LONDON (Reuters) - China fined GlaxoSmithKline Plc a record 3 billion yuan ($490 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British drugmaker. SAP buys expenses software maker Concur for $7.3 billion FRANKFURT (Reuters) - Germany's SAP has agreed to buy U.S. expenses software maker Concur for $7.3 billion in cash, strengthening its position in cloud computing but sending its shares down almost 3 percent on concern over the price. Japan finance minister Aso: No talk on forex with U.S. Treasury Secretary Lew CAIRNS Australia (Reuters) - Japanese Finance Minister Taro Aso said on Friday there was no discussion on currency moves at his meeting with U.S. Treasury Secretary Jack Lew. Related Video Scotland says 'No' Breakingviews: SAP's Concur takeover Economic News Fed's Lacker says exit strategy dissent stemmed from MBS approach Russian PM Medvedev vows to keep economy open, hails pivot to China A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend