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Reuters reported on Friday that indexer MSCI may consider including China's largest e-commerce Alibaba Group in its index construction, possibly bringing in passive funds that follow MSCI Emerging Markets: The MSCI announced that it was considering changing its rules last week, but did not explain the reason for the changes: questions from investors amid the Alibaba initial public offering, Reuters has learned from financial industry sources. The investors argued that MSCI's ignoring stocks such as Alibaba prevents them from accurately tracking the performance of international companies, according to sources involved in the discussions, who wished to remain anonymous because they are not permitted to speak to the media.
Chinese e-commerce giant Alibaba.com, which is looking to raise a mammoth $21.1 billion by listing on the United States stock market, is generating huge interest among investors worldwide, including among high net worth individuals in India. According to investment banking and brokerage house executives, apart from high net worth individuals , fund managers have also sounded out brokers to place orders with their foreign financial partners when the initial public offering opens.
The huge initial public offering for Alibaba comes with Yahoo seeking a new direction under chief executive Marissa Mayer, who took the reins in 2012 in an effort to redefine the company's mission after it took a back seat to Google and others. Photo - Bloomberg News Beijing: China's Alibaba will star on Wall Street with its upcoming stock offering, but the United States-based Yahoo also gets a windfall, which may help the turnaround efforts of the fading Internet pioneer.
Other stocks mentioned: WhiteWave , Keurig Green Mountain , Wynn Resorts The market is in turmoil with volatile action in the averages. Cramer took a look at the upcoming things to watch in the coming week.
The Standard & Poor's 500 Index dropped for the week, ending the longest streak of advances this year, as speculation grew that the economy is recovering enough to justify higher interest rates sooner than anticipated. Energy companies slumped 3.7 percent as Brent crude reached the lowest level in more than two years amid concern global demand is slowing.
U.S. stocks fell, giving the Standard & Poor's 500 Index its first weekly drop in more than a month, as investors speculated the Federal Reserve may raise interest rates sooner than estimated after retail sales climbed at the fastest pace in four months. Energy shares in the S&P 500 fell 1.5 percent, extending losses for the week to 3.7 percent.
Not a lot of people get to have the type of experience Joe Costello's had through his long career. Before Costello was the CEO of Enlighted, a connected lighting network startup that's raised $55 million so far , he was a much bigger figure in tech.
Yahoo! Inc. is best known for its web portal and search engine, but its services include Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Finance and others. Founded by Jerry Yang and David Filo in January 1994, the company was initially in the forefront of the technology boom but has struggled to reinvent itself in the face of competition from companies like Google and Facebook.
Stocks fell Friday, with the S&P 500 snapping a five-week winning streak, after a strong retail sales report spurred fears of an early interest rate hike. The S&P 500 lost 0.6% and the Nasdaq 0.5%, while the Dow Jones industrial average slid 0.4%.
In this May 21, 2012 file photo, men walk past the corporate logo at the headquarters compound of Alibaba Group in Hangzhou in eastern China's Zhejiang province. Today: Chinese e-commerce giant Alibaba says demand is so strong that it will end pre-orders of its stock early, as major stakeholder Yahoo stands to gain billions.
In another sign virtual reality is maturing as a sector, AltspaceVR has raised $5.2 million from investors to build a social platform for the emerging technology, Lizette Chapman reports for Dow Jones VentureWire. Following recent billion-dollar virtual reality initiatives by behemoths including Facebook and Sony Computer Entertainment , private investors have backed a string of hardware startups in the sector, but AltspaceVR is among the first major VR-software companies to garner venture backing.
While Oscar Pistorius was found not guilty of murder, but convicted of culpable homicide, a lesser charge that comes with no minimum jail sentence, his family said Friday there are "no victors" coming out of Courtroom GD. "We as a family remain deeply affected by the devastating tragedy," Arnold Pistorius, the Paralympian's uncle, said outside the courtroom.
NEW YORK -- Shares of Yahoo! YHOO rose 1.32% to $41.80 in morning trading Friday one day after the Internet company announced the U.S. government threatened to fine it $250,000 a day in 2008 if it did not comply with an NSA request. The secret legal struggle took place in 2008, but Yahoo! made the news public Thursday after a federal court unsealed 1,500 pages of legal documents regarding a formerly classified court case about the breadth of NSA surveillance programs.
Yahoo! CEO Marissa Mayer still hasn't revealed what she will do with the billions that will come her way after the Chinese e-commerce company Alibaba goes public later this month, but she is continuing to stock people from legacy media as she works it out. In the latest raid, Kristen Baldwin, a 20-year veteran of Entertainment Weekly, is going to be the new editor-in-chief of Yahoo! TV.
Will a combined Zillow and Trulia lord over the online real estate kingdom as a marauding "Godzillow," as some property pros have taken to calling the pending merger with some alarm? Or will the merger, if approved by regulators, look more like a gentle giant, nicknamed "Zulia," merely offering more content to consumers looking for information on homes to buy or sell? are the top two online real estate companies in the U.S., which may explain at least partly why the Federal Trade Commission has twice asked for more information from the firms before greenlighting or nixing the deal. affiliate attracted 57.7 million unique visitors in July, up 26% from a year earlier.
Updated: Mon Sep 15, 2014 02:51 am
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