Saturday, September 20 2014

email

menuClick Here
Business News Articles for Saturday, September 20 2014
Business News
Alibaba raises nearly $22 billion in IPO

Alibaba doesn't do things small. The China-based e-commerce giant late Thursday priced its shares at $68 apiece, making the deal one of the world's biggest ever initial public offerings. Alibaba raised $21.8 billion in the IPO, with the company due to start trading Friday on the New York Stock Exchange.

Microsoft cuts another 2,100 jobs as it nears 18,000 target

Microsoft has confirmed another 2,100 redundancies as part of a plan to cut 18,000 jobs, some 14% of its workforce.

56 million accounts at risk in Home Depot hack

Home Depot (HD) said Thursday that it has identified the malware used to steal customer payment information and has eliminated it from the company's network.

Sears Loan Highlights Pressure on Cash

The limits of Sears Holdings Corp.'s cash are coming into sight. The struggling retailer is selling off assets to raise money as its operations continue to produce red ink. But even if those sales go as planned, credit analysts say, the company could find itself short of funds by the end of 2016.

End of an Era: Larry Ellison Steps Down as Oracle's CEO

Larry Ellison has agreed to step down as chief executive officer at Oracle (ORCL), ending one of the most entertaining and profitable runs for a leader in business history.

Bug infects Apple's iOS 8 HealthKit, delaying third-party app launches

A bug in Apple’s HealthKit—a back-end feature in iOS 8—is delaying the launch of outside developers’ fitness and health apps, the company said Wednesday.