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U.S. markets news

For Alibaba, a roaring trading debut as stock surges 38 percent
Alibaba had raised $21.8 billion in its hotly anticipated IPO, the largest in U.S. history. The stock, trading under the ticker name BABA, was bouncing Friday from a high of nearly $100 to a low of just above $90.
Alibaba IPO: Stock surges 38% in market debut  Los Angeles Times
Alibaba Shares Close Up 38 Percent on Opening Day  NDTV
Washington Post   Related articles »  
China Fines GlaxoSmithKline Nearly $500 Million in Bribery Case
The Glaxo case involved accusations of criminal bribery to persuade hospitals and doctors to administer or sell the company's pharmaceuticals to their patients.
China hands GSK record $489m fine for paying bribes  The Nation
GSK closes a chapter with �300m fine but story likely to run on  Financial Times
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U.S. Court Tosses Argentina, Citigroup Appeal in Bond Case
A U.S. appeals court on Friday dismissed an appeal by Citigroup Inc (C) and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.
Citibank Loses Bid to Appeal Argentina Bond Payment Case  Businessweek
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Fitch upgrades Lagos to AA+; Outlook Stable
Fitch Ratings has upgraded Nigerian Lagos State's National Long-term rating to 'AA+(nga)' from 'AA(nga). The Outlook is Stable.
Fitch Revises Outlook on Zambia to Positive; Affirms at B'  Reuters
Fitch Affirms Raytheon's Ratings at 'A-/F2'; Outlook Stable  MarketWatch
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Pabst Is Sold to Russian Beverage Company
Photo. A patron drinks a Pabst Blue Ribbon at Floyd's bar in Brooklyn.Credit Robert Caplin for The New York Times. A Russian beverage company said on Thursday that it was acquiring the Pabst Brewing Company, which makes the Pabst Blue Ribbon beer ...
Pass the Brewski? Pabst Sold to Russian Company  CNBC
Pabst Sale to Oasis Moves Iconic U.S. Brand to Russia  Bloomberg
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Local unemployment drops
VICTORVILLE - Local unemployment rates dropped last month while California's jobless rate was unchanged for a third straight month, officials said Friday.
Unemployment rate drops in August  The Turlock Journal
California adds 44200 jobs in August  Los Angeles Times
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Unemployment rises even as state adds jobs
DOVER - The state unemployment rate jumped up by three-tenths of a percentage point in August to 6.5 percent, according to the monthly labor report.
Area unemployment below four percent  Lexington Clipper Herald
Virginia jobless rate rises  Roanoke Times
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Home Depot Addresses Customers About Data Breach
The company emailed their costumers about the data breach that put millions of credit cards at risk. On September 18, The Home Depot comfirmed that their payment data system has been breached, putting 56 million credit cards at risk.
America should not shrug at its cyber vulnerability  Washington Post
Most banks waiting to reissue cards in wake of Home Depot data breach  Milwaukee Journal Sentinel
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San Francisco Parking Spots Converted To Parklets and Art Installations For ...
SAN FRANCISCO (CBS SF) - Metered parking spaces around San Francisco, and in cities around the world, were temporarily transformed into public parks and art installations Friday in observance of Park(ing) Day.
Transforming parking spaces to parks  Greenville Daily Reflector
Yellowknife joins global Park(ing) Day  CBC.ca
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Lacker: Fed should sell MBS
Richmond Fed Pres. Jeffrey Lacker said that he was the lone dissenter on the central bank's road map for exiting monetary stimulus.
Lacker Opposes Fed Plan to Hold Mortgage-backed Securities  PFhub
HIGHLIGHTS-Recent remarks by Federal Reserve officials  Reuters
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