KQEH Nightly Business Report September 20, 2014
To a new alltime closing high there seemed to be only one stock that everyone on wall street was talking about today. Its name, alibaba, and its triumph in the initial Stock Offering managed to live up to all the hype creating a seldom seen mob of traders jockeying around the post where traders finally began trading on the New York Stock Exchange just before noon. Alibabas ipo was one for the record books bigger than any offering that came before it. Shares of the Online Shopping powerhouse blew right past the opening share house thursday and put the value on the company at roughly 42 billion,...