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U.S. markets news

Alibaba's IPO debut roars, shares soar over 35%
Alibaba, BABA the Chinese e-commerce giant whose magical name and real-world business prospects inspired frenzied interest for months ahead of its record-setting initial public offering, surged more than 35% in its delayed debut Friday on the New York ...
Alibaba Surges in New York Trading Debut After U.S. IPO  Bloomberg
Alibaba's IPO Priced at $68 a Share  Wall Street Journal
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Dow, S&P 500 hit records as investors await Alibaba
Stocks were higher Friday with the Dow and S&P 500 jumping further into record territory as investors await the first trade of Alibaba in the biggest U.S.
Don't Be Lulled By the Stock Market's Smooth Ride  Wall Street Journal
U.S. Stocks Shoot Up to Records  NASDAQ
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Larry Ellison steps down as chief of Oracle
SAN FRANCISCO - Lawrence J. Ellison is retiring as chief executive of Oracle Corp., a company he founded in 1977 that has transformed the business world and made him one of the world's richest people.
4 Things to Keep Larry Ellison Busy After Stepping Down as Oracle CEO  Bloomberg
Oracle's Larry Ellison moves from CEO to executive chairman and CTO  RCR Wireless News
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Gauge of US economy edges up 0.2 percent in August
In this July 17, 2014 photo, construction workers build a commercial complex in Springfield, Ill. The Conference Board reports on its August index of leading economic indicators, which is designed to predict the economy's future health, on Friday, Sept.
Not too merry: 'Moderate growth' seen for this holiday season  MarketWatch (blog)
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RPT-UPDATE 5-Relief, not euphoria, for UK markets as Scots vote to stay
(Repeats to additional subscribers). By Jamie McGeever. LONDON, Sept 19 (Reuters) - British financial markets rose and a collective sigh of relief echoed across the investment and business community on Friday after a Scottish vote against independence ...
Relief, not euphoria, for UK markets as Scots vote to stay  Daily Mail
Scotland's 'No' vote is a 'relief' for investors  HedgeWeek
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GlaxoSmithKline (GSK) Fined $488.8 Million for 'Massive Bribery Network' in China
China has fined the British pharmaceuticals giant GlaxoSmithKline (GSK) $488.8 million (3 billion Yuan) for a "massive bribery network" to get doctors and hospitals to use its products.
UPDATE 4-China hands drugmaker GSK record $489 mln fine for paying bribes  Reuters
China fines drug company $492M, jails managers for bribery  Salt Lake Tribune
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Pennsylvania jobless rate grew for second month
HARRISBURG, Pa. (AP) - Pennsylvania's jobless rate is up for the second straight month as the employment fell and unemployment rose.
Maine's August unemployment rate rises slightly  SFGate
Unemployment Continues Downward Trend  YourErie
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Pabst Brewing to be sold to Russian company
NEW YORK - The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum. In addition to its namesake beer, Pabst Brewing Co.
Pass the Brewski? Pabst Sold to Russian Company
Pabst Blue Ribbon, Iconic Hipster Beer, Sold To Russians  Huffington Post
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US dollar on track for tenth week of gains on US rate view
NEW YORK (Reuters) - The dollar rose against a basket of major currencies on Friday, on track for its 10th consecutive week of gains, as investors bet U.S.
Dollar reaches six-year high versus yen  Financial Times
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Richmond Fed Chief Upset on MBS Policy Shift
Jeffrey M. Lacker, president of the Federal Reserve Bank of Richmond, has openly questioned a key aspect Wednesday's decision by central bank's Federal Open Market Committee (FOMC) regarding the long-anticipated policy shift away from tapering.
Lacker Says He Opposes Fed Plan to Hold Mortgage-Backed Assets  Businessweek
Fed's Lacker says exit strategy dissent stemmed from MBS approach  NEWS.GNOM.ES
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