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U.S. markets news

Alibaba surges 38 pct on massive demand in market debut
NEW YORK (Reuters) - Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning ...
Alibaba Among Most Valuable Companies in U.S. After Surge  Bloomberg
Retail investors rush to buy Alibaba IPO  Economic Times
Wall Street Journal   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 fines Glaxo $492 million in bribery case  Los Angeles Times
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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Deerfield drugmaker defies Democrats' anti-inversion effort
The arthritis pain drugs Duexis and Vimovo may not be covered by CVS Caremark or Express Scripts come January, drugmaker Horizon Pharma Inc. said.
Horizon Pharma plc Announces Board of Directors Following Closing of ...  Marketwired (press release)
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Alibaba Soars but Other Techs Falter; New Dow High
Alibaba works its magic on the first day of going public, but the pizzazz is largely contained to its stock alone. The Dow crept up to another record closing high, but the S&P 500 and the Nasdaq were down for the day.
US stocks end little changed as Alibaba shares start trading  Chicago Tribune
Stocks Little Changed as Alibaba Shares Start Trading  Bloomberg
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Fitch Revises Outlook on Zambia to Positive; Affirms at B'
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Zambia - Rating Action Report here LONDON, September 19 (Fitch) Fitch Revises Outlook on Zambia to Positive; Affirms at B' Fitch Ratings-London-19 September ...
Fitch Affirms Raytheon's Ratings at 'A-/F2'; Outlook Stable  MarketWatch
Fitch Affirms Triple-A Rating for U.S.  Fox Business
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Pabst Sale to Oasis Moves Iconic US Brand to Russia
Pabst Brewing Co., the closely held 170-year-old American brewer, is being sold to eastern European drinks company Oasis Beverages.
Pabst Brewing to be sold to Russian company  USA TODAY
Pabst, Schlitz and Colt 45 to get Russian owner  MarketWatch
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California adds 44200 jobs in August
California outpaced its recent job growth as employers added 44,200 nonfarm positions in August - far more than any other state. But for the third straight month, the state unemployment rate remained flat at 7.4%, according to Employment Development ...
Merced County unemployment rate drops in August  Merced Sun-Star
California unemployment rate stays at 7.4 percent  KABC-TV
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Grand Central Insider Scheme Yields Plea From Man Who Ate Tips
A New York man admitted he served as a go-between for five years by illegally passing inside corporate information to a Morgan Stanley broker on notes at Grand Central Terminal and then chewing and swallowing the evidence.
Insider trading in the digital age: use post-it notes  Business Recorder
Brooklyn Insider Trading Middleman Pleads Guilty  Wall Street Journal
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State jobless rate grows second straight month
HARRISBURG - Pennsylvania's jobless rate was up for a second consecutive month in August, as employment fell and unemployment rose.
Hawaii unemployment rate falls slightly to 4.3 percent to lowest rate in 6 years  The Tribune
Hawaii's August Unemployment Rate Drops
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