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Alibaba IPO ranks as world's biggest after additional shares sold

Business News - 1 hour 20 min ago

By Elzio Barreto HONG KONG (Reuters) - Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares. Overwhelming demand saw the IPO initially raise $21.8 billion and then send Alibaba's stock surging 38 percent in its debut on Friday. That prompted underwriters to exercise an option to sell an additional 48 million shares, a source with direct knowledge of the deal said. ...


Siemens in agreed $7.6 billion deal to buy Dresser-Rand

Business News - Sun, 09/21/2014 - 23:15

By Ludwig Burger FRANKFURT (Reuters) - Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America. Germany's Siemens said its $83 per-share bid was unanimously supported by Dresser-Rand's board of directors. That compares with a Friday closing price of $79.91, which was up 27 percent over the past three months on takeover speculation. ...


Siemens in agreed $7.6 billion deal to buy Dresser-Rand

National News - Sun, 09/21/2014 - 23:15

By Ludwig Burger FRANKFURT (Reuters) - Industrial conglomerate Siemens AG said on Monday it would buy U.S. oilfield equipment maker Dresser-Rand Group Inc for $7.6 billion in a move that would significantly boost the German company's oil and gas business in North America. Germany's Siemens said its $83 per-share bid was unanimously supported by Dresser-Rand's board of directors. That compares with a Friday closing price of $79.91, which was up 27 percent over the past three months on takeover speculation. ...


Categories: National News

Afghanistan names new president after power-sharing deal, but vote total kept hidden

National News - Sun, 09/21/2014 - 23:04

KABUL - Ending months of vote-related tension, Afghanistan's election commission named a new president Sunday only hours after the leading candidates signed a power-sharing deal that names one of them as the country's new chief executive.


Categories: National News

Peng, Baik Lead Women’s Golf To Third-Place Card At Mason Rudolph Championship

Bulldog Beat - Sun, 09/21/2014 - 22:42
FRANKLIN, Tenn. – Ginger Brown-Lemm wanted to see her Mississippi State women's golf team improve from tournament to tournament, and the squad did just that Sunday as they followed a fourth-place finish at last week's Cougar Classic with a third-place card at the prestigious Mason Rudolph Championship in Franklin, Tenn.