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Friday, September 19, 2014

Technology Report: Alibaba surges on massive demand in trading debut

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09/19/2014
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Alibaba surges on massive demand in trading debut
NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares surged in their first day of trading on Friday as investors jumped at the chance to get in on what looks likely to be the largest IPO in history and profit from China's growing middle class.
With co-CEOs, Oracle sets challenging course
SAN FRANCISCO (Reuters) - By promoting its two presidents to serve as co-chief executives instead of founder and CEO Larry Ellison, database-and-software behemoth Oracle is setting itself a course that has confounded other big companies.
U.S. judge awards $40.7 million in SEC case over bitcoin Ponzi scheme
(Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme.
Rivals dash to support Apple Pay for fear of losing out
FRANKFURT (Reuters) - In the hype-fueled technology industry, "revolutionary" is a word in danger of losing its meaning.
Retail investors rush to buy Alibaba IPO
(Reuters) - The biggest initial public offering of all time appears to have finally gotten U.S. retail investors' attention.
Apple faithful line up for latest, larger iPhones
NEW YORK/SAN FRANCISCO (Reuters) - Apple Inc's latest phone lured throngs of gadget lovers, entrepreneurs and early adapters to its stores in New York, San Francisco and other cities around the world in the latest sign of strong initial demand for the new, larger generation of iPhones.
Netflix says in talks with potential partners in Belgium
BRUSSELS (Reuters) - U.S. video streaming service Netflix said on Friday it was in talks with cable and telecoms groups to distribute its content in Belgium as it launched its on-demand service in the country.
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.
'Hundreds of thousands' of orders placed for Alibaba in debut: NYSE
NEW YORK (Reuters) - A top New York Stock Exchange executive on Friday said on CNBC that "hundreds of thousands of orders" for shares of Alibaba Group Holdings Ltd. had been placed ahead of the stock's trading debut, expected later in the morning.
Oracle shares slide after soft results, CEO change
(Reuters) - Oracle Corp's shares fell as much as 5.5 percent after the database software maker reported disappointing quarterly earnings late Thursday and said Larry Ellison was stepping aside as chief executive.
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