Weekend: Chance of Precipitation: Fri: 80% / Sat: 40% / Sun: 40%.
Alibaba worried about Facebook IPO as considered Nasdaq versus NYSE
Alibaba Group Holding Ltd could have sold nearly $2 billion worth of stock without lifting a finger.All it had to do was list its shares on Nasdaq. The other said Nasdaq executives believed that Alibaba decided that the possibility of a botched IPO, however small, outweighed the possible benefits of being in the index.
Alibaba to boost IPO size on 'overwhelming' demand: sources
Alibaba Group Holding Ltd plans to increase the size of its U.S. The Chinese e-commerce company launched the IPO last week and had enough investor demand to cover the entire deal within two days, people familiar with the process said last week. Alibaba could set a new record for the world's biggest IPO if underwriters exercise an option to sell additional shares to meet demand, pushing it as high as $24.3 billion and overtaking Agricultural Bank of China Ltd's $22.1 billion listing in 2010. Alibaba will likely file an amendment to its IPO later on Monday with a higher price range after discussing the new price with large U.S.
Netflix launches in France, partners with third-largest telco
Netflix launched its video streaming service in France on Monday and teamed up with Bouygues to offer its content on France's third-largest telecom operator's set-top boxes. California-based Netflix said in a statement its subscriptions would start at 7.99 euros ($10.35) a month and give access to films, series and documentaries on television, computers but also tablets, smartphones and game consoles. Bouygues Telecom said in a separate statement that it would feature access to Netflix services on its clients' televisions starting in November. Vivendi-owned pay-TV operator Canal Plus has already launched its own streaming video services to blunt Netflix's arrival.
Google to launch Android One, phones to be priced at around $105
NEW DELHI/MUMBAI (Reuters) - Google Inc will launch in India on Monday the first smartphones under its Android One project, pricing them at around 6,399 rupees ($105) to capture the low-cost segment of the world's fastest growing smartphone market. After launching in India, Google said it plans to expand Android One to Indonesia, Philippines and other South Asian countries by the end of 2014 and in more countries in 2015. Google outlined the pricing and expansion details in a marketing document seen by Reuters. India is seen as a lucrative market for low-cost smartphones because many people are buying the devices for the first time.
Hachette writers plan to appeal directly to Amazon's board: NYT
(Reuters) - Writers published by Hachette Book Group and their allies are planning to appeal directly to the board of Amazon.com Inc to find a way out of the impasse over e-book prices, the New York Times reported. The writers have been at the receiving end of a dispute, which has seen Amazon delay deliveries and cut discounts on some books published by Hachette, the fourth-largest U.S. Authors United, a group of Hachette writers and their allies, is warning the Amazon's board that the reputation of the retailer, and of the directors themselves, is at risk, the report said. The letter follows an ad in The New York Times last month that asked readers to email Amazon's CEO Jeff Bezos and ask him to relent.