Business

Business Alibaba surges in its debut Alibaba surges in its debut
Alibaba's stock is surging as the Chinese e-commerce powerhouse begins its first day trading as a public company.
Business Yahoo rakes in another jackpot from Alibaba's IPO Yahoo rakes in another jackpot from Alibaba's IPO
Yahoo is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multibillion-dollar boon.
Business JetBlue's CEO will step down early next year
JetBlue Airways Corp. CEO Dave Barger will step down in February and be replaced by the company's president, ending months of speculation about leadership at the airline, which is profitable but has lagged its rivals.
Business Home Depot says malware affected 56M payment cards Home Depot says malware affected 56M payment cards
Home Depot said that 56 million payment cards were estimated to have been breached in a data theft between April and September at it stores in the U.S. and Canada. That makes it the second largest breach for a retailer on record.
Business Ellison gives up Oracle CEO role, becomes chairman Ellison gives up Oracle CEO role, becomes chairman
Oracle co-founder Larry Ellison is ending his 37-year reign as CEO of the business software maker that he co-founded and is handing over the job to his two top lieutenants, Safra Catz and Mark Hurd.
Business Volatile apartment sector reduces US home building Volatile apartment sector reduces US home building
U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly.
Business Applications for US jobless benefits fall sharply Applications for US jobless benefits fall sharply
The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.
Business U.S. consumer prices fall 0.2 percent in August U.S. consumer prices fall 0.2 percent in August
U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control.