Alibaba's IPO Priced at $68 a Share

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Alibaba's shares priced Thursday at $68, at the high end of expectations, in what is one of the world's largest initial public offerings ever.

Total in Talks to Sell Bostik to Arkema

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French oil major Total is in exclusive talks with chemical group Arkema to sell its adhesive maker Bostik for about $2.25 billion.

President of China Gold Miner Detained

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China's largest gold producer, Zhongjin Gold, said President Wang Ronghu has been detained by state anticorruption agents.

Vivendi to Sell GVT to Telefónica

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French media and telecom conglomerate Vivendi said it would sell its Brazilian unit GVT to Spanish telecom giant Telefónica in a deal valued at around $9.3 billion.

Alibaba IPO to Give Yahoo Windfall

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Alibaba Group Holding's initial public offering will make Yahoo about $5.1 billion richer.

New iPhone Goes on Sale

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Apple began sales of its newest iPhones Friday with consumers in Australia becoming the first globally to get their hands on them.

British Pound Rises on Scottish Vote Results

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The British pound rose against the U.S. dollar and hit its highest levels in years against the euro and yen as early results from Scotland's independence referendum suggested support for the pro-union campaign.

News Corp Calls Google a 'Platform for Piracy'

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Rupert Murdoch's News Corp weighed in on the debate over a proposed EU settlement with Google, urging Brussels to throw out the settlement and calling Google a "platform for piracy."

General Mills to Close 2 Plants

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General Mills Inc. said it will close a cereal plant and a yogurt factory, eliminating up to nearly 600 jobs, as its first steps in a cost-cutting plan aimed at offsetting sluggish U.S. demand for cereal, cake mix and other packaged foods.

This Man's Job: Make Bill Gates Richer

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Secretive money manager Michael Larson has helped make Microsoft co-founder Bill Gates's fortune balloon to $82 billion in last twenty years.

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