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.
NEW YORK (Reuters) - The Dow and S&P 500 ended Friday's session with slight moves, while the Nasdaq closed lower after Alibaba's strong debut was offset by such falling technology shares as Oracle and Yahoo .
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.
(Reuters) - A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co in connection with its recall of millions of cars for a faulty ignition switch.
NEW YORK (Reuters) - A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.
(Reuters) - Exxon Mobil Corp. has put its Torrance, California, refinery on the block, according to two people familiar with the matter, making it the latest big oil company to consider exiting the state amid tougher environmental standards.
NEW YORK (Reuters) - Frustrated by what he describes as a lack of political courage, a former president of the U.S. unit of Royal Dutch Shell takes center stage in a new documentary film that makes the case for using alternative fuels in cars.