Technology Report: Institutionals to get lion's share of Alibaba spoils

	Click to View in Browser 09/18/2014 Institutionals to get lion's share of Alibaba spoils (Reuters) - Big institutional investors like Blackrock will likely get the bulk of roughly $22 billion worth of Alibaba Group Holdings shares being sold in an initial public offering set to price later on Thursday, people familiar with the situation said. Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over SAN FRANCISCO (Reuters) - Oracle Corp's longstanding Chief Executive Larry Ellison stepped down on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, as the business software company looks to modernize and fend off fast-moving cloud-based rivals. Microsoft calls on U.S. FCC to approve AT&T's bid for DirecTV WASHINGTON (Reuters) - Microsoft Corp urged the Federal Communications Commission to approve AT&T's Inc $48.5 billion bid for DirecTV, saying in a filing that the acquisition is crucial to expanding Americans' access to the internet. Microsoft lays off 2,100, axes Silicon Valley research SEATTLE (Reuters) - Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce. A year later, most mega IPOs are mega laggards NEW YORK (Reuters) - If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange. Big institutions no guarantee of stability for Alibaba IPO NEW YORK (Reuters) - When Alibaba Group Holding Ltd begins trading on Friday the shares may not be able to avoid the kind of volatility typically seen in trading of eagerly anticipated IPOs, even as the bulk of the shares sold are expected to reside with 25 to 50 behemoth institutions. Google, Mercedes, Audi get California permits for self-driving cars (Reuters) - California issued its first 29 permits this week to three companies to test self-driving cars on public roads, state officials said on Thursday. Alibaba cash could fund small spending spree at Yahoo SAN FRANCISCO/BOSTON (Reuters) - Alibaba Group Holding Ltd's upcoming public offering will give Yahoo Inc billions of dollars for a potential shopping spree that investors hope will jumpstart its comeback. San Francisco drag queens meet with Facebook over name policy SAN FRANCISCO (Reuters) - San Francisco drag queens and a city lawmaker met with Facebook on Wednesday demanding the site change its policy banning users from using aliases online, but said they were rebuffed. Siemens recalls smoke detector fire alarms that can fail to sound WASHINGTON (Reuters) - Siemens Building Technologies is recalling about 9,000 smoke detector fire alarms because they can fail to sound, the U.S. Consumer Product Safety Commission said on Thursday. Related Video Alibaba's next big moves Round 2: Measles vs. Cancer Mediafile 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