Interested in a deal with ge as it scraps its dividend. While media reports suggests siemens is pulling out of the bidding. And investors react to the vicious business plan, they say the ceo is being too optimistic with his turnaround goals. Youre watching worldwide exchange, bringing you Business News from around the globe. Hello, warm welcome to todays edition of worldwide exchange. Plenty to get through today. Well be talking about autos, phil lebeau will be talking about tesla. Well talk about janet yellen. First, alibaba has filed fon an ipo after weeks of anticipation. The filing offers a look at a business that controls around 80 of chinas online commerce market. Eunice is in beijing for more. Shes been waiting for this for some time as well. 2,300 pages in this filing. But key questions unanswered. Definitely key questions unanswered. I think everybody wants to know wheres the price, how many shares are going to be sold . Give us more detail exactly about what this ipo is all a
Albertsons Cos Inc, the No.2 American supermarket company, said it trusted its initial public offering would raise $1.7 billion, a yearning focus during a period of increasing industry competition and vulnerability in global capital markets. The determination of Albertsons’ majority proprietor, private equity firm Cerberus Capital Management LP, to complete the IPO regardless of market unpredictability underscores certainty that it can get a high valuation. Albertsons said on Friday that it anticipated that would price 65.3 million shares at in the middle of $23 and $26 every, esteeming the company at up to $12.35 billion. Be that as it may,…
fights back. the group is exploring legal action against the new york regulator. you re watching worldwide exchange bringing you business news from around the globe. okay. welcome to the start of today s show. china focus. it s all data. whether it s the economy or politics, it s really about that country this morning. we re looking right now for any update we re supposed to get throughout today. the trial has been adjourned. this is what wires are currently reporting. more on that to come during the program. also of course just reminding you we ve got some big corporate results. an analyst says he has a buy recommendation on the stock. and we will hear from the ceo of the winter 2014 games and what it s taking to turn sochi from an exsoviet resort town into an olympic size destination. facebook may be sin nonmi mouse with steve zuk wereburg. we re asking if it s time more girls got in on the action. we ll explain that. we ll explain. wall street is in its b
euro has not been a good thing for them. but they still don t want to go back to their old currencies. this is a poll taken by the pew research center in washington. it talked to people in germany, france, italy, spain and greece. in corporate headlines, after a three day weekend, jpmorgan dipping into the cookie jar. the bank selling an estimated $25 billion of profitable securities in an effort to offset trading losses tied to the bank s infamous london whale. it will trigger taxes on the gains by eliminating future earnings from the securities. and it s official, the crippled law firm dewey filing for bankruptcy protection. it will seek approval to liquidate its business after failing to find a merger partner. you knew this would happen. this marks the biggest bankruptcy of a law firm in u.s. history. and finally a human genome investor has filed a lawsuit wants the company to be restrain president using a poison pill in response to the hostile $2.6 billion takeover offe