Alibaba IPO Planned For Next Week, Report Says

Posted On September 02, 2014

(Undated) -- Chinese e-commerce behemoth Alibaba is going public next week. The "Wall Street Journal" reports Alibaba will launch its IPO early in the week of September 8th. An unnamed source told the "Journal" that means trading in Alibaba shares could begin as soon at September 18th or 19th. The company will be listed on…

Dollar General Ups Bid To Buy Family Dollar

Posted On September 02, 2014

(Undated) -- Dollar General is upping its bid for Family Dollar Stores. The deep discount retailer raised the bid to nine-point-one-billion dollars, or 80-dollars a share. It previously offered 78-dollars-50 cents a share. Family Dollar rejected the previous offer over concerns the deal could violate competition law.

Former House GOP Leader Cantor Joins Investment Bank

Posted On September 02, 2014

(Undated) -- Former House Majority Leader Eric Cantor is moving from Capitol Hill to Wall Street. Cantor will join international investment bank Moelis and Company as vice chairman and managing director. He'll also have a seat on the board of directors. Cantor resigned his seat in Congress last month. He was upset in Virginia's Republican…

Revel Closes For Business

Posted On September 02, 2014

(Atlantic City, NJ) -- Two years after opening and having never turned a profit, Atlantic City's Revel Casino Hotel has officially closed for business. The doors to the two-point-four-billion dollar operation were shuttered as of six o'clock this morning, with the last of casino patrons being ushered out of the gaming hall. The Revel is…

Fast-Food Workers Planning Thursday Strike

Posted On September 02, 2014

(Undated) -- Workers at McDonald's, Burger King and other fast-food restaurants are planning a large-scale walkout Thursday. It's all part of their continued fight for a 15-dollar hourly wage. Fast-food workers in May staged rallies in several cites including Boston, New York and Miami. The "New York Times" reports organizers for Thursday are planning nonviolent…