Alibaba shares opened at $92.70, later dipping to $90.
Alibaba, the Chinese e-commerce powerhouse named after a poor woodsman who discovers a thieves' den full of treasures, priced its initial public offering at the top end of the expected price range.
As Alibaba readies what could be the biggest initial public offering ever on the New York Stock Exchange, it is quietly hinting at plans to expand into the U.S. Amazon and eBay need to watch their backs.
China's Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO, the most ever raised by a company heading into its stock market debut, with an initial market value of $163 billion.
Amazon.com says its chief financial officer, Thomas Szkutak, will retire after 12 years on the job in June 2015.
Private equity firm Thoma Bravo is spending about $2.5 billion to buy Compuware and take the software developer private.
Hewlett-Packard's fiscal third-quarter earnings fell 29 percent as the personal computer and printer maker absorbed the costs of employee layoffs and past acquisitions.
Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
President Obama's former campaign manager and White House senior adviser David Plouffe is joining car service startup Uber as it seeks to expand in cities worldwide.
Sprint Corp. is killing its Framily discount plan and launching new pricing that tries to attract customers by doubling the data that rival carriers offer smartphone users.
Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.
The film unit recently acquired by Chinese e-commerce powerhouse Alibaba has announced an investigation into possible accounting irregularities.
Cisco Systems says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring.
SAN JOSE, Calif. (AP) — Cisco Systems Inc. (CSCO) on Wednesday reported profit that declined by 1 percent in its fiscal fourth quarter, but beat analysts' expectations. The San Jose, California-based company said earnings fell to $2.25 billion, or 43 cents per share, from $2.27 billion, or 42 cents per share, in the same quarter a year ago. Earnings, adjusted for one-time gains and costs, came ...
Google-backed taxi app Uber says employees of a rival firm have booked then cancelled almost 13,000 trips to disrupt its business.