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.
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.
WASHINGTON (Reuters) - Economic activity in the United States rose less than expected in August, but was still consistent with the economy expanding at a moderate pace for the rest of this year, The Conference Board said on Friday.
... * RBS and Standard Life scrap plans for headquarters shift. * Scottish financial shares jump after independence rejected. * Lloyds could update its plans at strategic review (Recasts, adds Aberdeen Asset Management, analyst, updates shares).
... * Former China head gets suspended sentence, to be deported. * Four other Chinese executives also get suspended jail terms. * GSK pledges to reform, remains committed to Chinese market.