CAR INC. SHARES UP AS MUCH AS 22% ON HONG KONG TRADING DEBUT
CAR Inc., China's largest car-rental firm, rose as much as 22%
on its debut in Hong Kong Friday on the back of investor optimism
over growing car rental demand. (published 0210 GMT)
ALIBABA'S IPO PRICED AT $68 A SHARE -- UPDATE 2
Alibaba Group Holding Ltd.'s shares priced Thursday at $68
apiece, putting the Chinese company on track for an initial public
offering that will raise at least $21.8 billion. (published 2340
GMT Thursday)
ORACLE'S POWER-SHARING DEAL CARRIES CHALLENGES
Power-sharing arrangements like the one at Oracle Corp. often
spell trouble. Safra Catz and Mark Hurd, Oracle's co-presidents
since 2010, were named co-chiefs Thursday as Larry Ellison stepped
out of the role he has held since co-founding the software company
in 1977. (published 0238 GMT)
GOOGLE TO ENCRYPT PHONE DATA IN ANDROID
Google confirmed the next version of its Android operating
system will encrypt user data by default, making it difficult for
law enforcement or phone thieves to read data on a phone without
user cooperation. The announcement parallels a move made a day
earlier by rival Apple. (published 2328 GMT Thursday)
SAP TO ACQUIRE CONCUR TECHNOLOGIES -- 2ND UPDATE
German software giant SAP SE agreed to buy Concur Technologies
Inc., which makes software to help employees manage their expense
accounts, in a deal valued at $8.3 billion. (published 2342 GMT
Thursday)
FINDER SEEKS TO SELL STAKE IN BIG AUSTRALIA OIL DISCOVERY - SOURCE
Closely held Finder Exploration Pty. Ltd. moved to capitalize on
the buzz around what could by one of Australia's biggest oil
discoveries in decades by putting its stake in the asset up for
sale. (published 0023 GMT)
REGULATORS PROBE GOLDMAN'S INTERNSHIP FOR BROTHER OF LIBYAN EX-OFFICIAL
A yearslong probe of Goldman Sachs Group Inc.'s ties to Libya's
sovereign-wealth fund is focusing on an internship and other perks
allegedly offered by the Wall Street bank to win business from the
Gadhafi regime, according to people familiar with the matter.
(published 2322 GMT Thursday)
SINGAPORE EXCHANGE TO OFFER NEW ASIAN FOREIGN-EXCHANGE FUTURES CONTRACTS
Singapore Exchange Ltd., Southeast Asia's biggest bourse better
known as SGX, said Friday it was adding four new Asian
foreign-exchange futures contracts to its platform. (published 0059
GMT)
NEWEST IPHONES HIT THE MARKET DOWN UNDER
Apple Inc. began sales of its newest iPhones Friday with
consumers in Australia becoming the first globally to get their
hands on them. (published 2307 GMT Thursday)
ARTINI CHINA: IN PRELIMINARY DISCUSSIONS ON POSSIBLE FUND RAISING EXERCISE
Fashion accessories maker Artini China Co. said late Thursday it
is in preliminary discussions on a possible fund raising exercise.
(published 0146 GMT)
LARRY ELLISON TO STEP ASIDE AS ORACLE CEO -- 3RD UPDATE
Larry Ellison, a college dropout who built Oracle Corp. into one
of America's largest and most prominent technology companies, is
stepping down as chief executive in a momentous Silicon Valley
handover. (published 0033 GMT)