Business News

Alibaba Seeks $21.1 Billion in Record-Breaking U.S. IPO

Sep 5, 2014/Bloomberg Alibaba Group Holding Ltd., the e-commerce company whose fortunes surged along with China’s economy, plans a historic U.S. initial public offering that may also claim the global record. Alibaba is seeking a valuation of as much as $162.7 billion, larger than 95 percent of the Standard & […]

CaixaBank to Buy Barclays’s Spanish Unit for $1.1 Billion

Sep 1/Bloomberg CaixaBank SA (CABK), Spain’s third-biggest lender, agreed to buy Barclays Plc (BARC)’s banking operations in the country for about 800 million euros ($1.1 billion) in cash to expand its business as economic growth picks up. The sale includes consumer, wealth and investment management and corporate banking businesses, Barcelona-based […]

Goldman nears $1.1 billion payment to FHFA: Financial Times

Goldman Sachs Group Inc could pay about $1.1 billion to settle claims from the U.S. housing finance regulator that it sold bad mortgage-backed securities (MBS), the Financial Times reported. Negotiations between Goldman and the Federal Housing Finance Agency (FHFA) could be concluded as early as next week, the business daily […]