Alibaba drop leaves stock pennies above IPO price

By Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.

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Still an underdog, but China government deals help Alibaba’s cloud ambitions

By Paul Carsten and John Ruwitch SHANGHAI/BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment

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U.S. cyber hack unsettles, frustrates U.S. defense industry

By Andrea Shalal PARIS (Reuters) – U.S. weapons industry executives say they are disappointed and frustrated about a massive U.S. cyber breach that exposed sensitive information about millions of Americans, including many thousands who work on high-security arms projects.

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Chinese government deals help nurse Alibaba’s bottom dog cloud business

By Paul Carsten and John Ruwitch SHANGHAI/BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment

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Traders bet on Twitter near-term gains as takeover chatter persists

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Dick Costolo's decision to step down as Twitter Inc's chief executive last week failed to stem the weeks-long slide in the company's shares, but options traders appear to be betting on a near-term rebound. The stock has shed more than a third of its value since Twitter reported first-quarter results in April

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Alibaba’s Ma says Kering lawsuit ‘regrettable’

By Christine Kim SEOUL (Reuters) – The founder of Alibaba Group Holdings Ltd on Tuesday called “regrettable” a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters. Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday, accusing it of knowingly making it possible for counterfeiters to sell their products throughout the world. Ma also said Alibaba was interested in investing in U.S

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Under fire from U.S. group, Alibaba says fighting counterfeit goods

By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd said it had a range of measures to fight counterfeits on its websites – remarks that come after a trade group requested U.S. government help in prodding the Chinese e-commerce giant into action against fake goods. In the latest flare up over the issue, the American Apparel & Footwear Association (AAFA) said in an April 8 letter to U.S

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Amazon, HarperCollins reach multi-year publishing deal: WSJ

(Reuters) – E-commerce company Amazon.com Inc and publisher HarperCollins have reached a new multi-year publishing deal that covers both print and digital titles, The Wall Street Journal reported, citing HarperCollins. The deal calls for HarperCollins, owned by News Corp, to set the retail prices of its digital books, with incentives for HarperCollins to provide lower prices to consumers, the Journal said, citing a person familiar with the matter.

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U.S. says inaction on online piracy risks public safety

By Krista Hughes WASHINGTON (Reuters) – The U.S. trade office on Thursday urged a crackdown on website name registrars who fail to take action against sellers of illegal goods such as counterfeit medicines and warned that turning a blind eye puts public safety at risk. The U.S

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