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(MENAFN - AFP) The Dow Friday notched its third straight record high in mixed Wall Street trade as shares of Chinese Internet company Alibaba soared following a record initial public offering.

The Dow Jones Industrial Average advanced 13.75 points (0.08 percent) to close at 17,279.74.

The S&P 500 finished down 0.96 of a point (0.05 percent) at 2,010.40, narrowly ...

 
(MENAFN - AFP) Prime Minister Dmitry Medvedev said Friday Russia did not want to close itself off from the global economy, and warned Western efforts to isolate or ignore such a powerful nation were "impossible".

"I consider that talk of making fundamental changes to the country's development model is inappropriate -- inappropriate and not needed. About creating a so-called ...

 
(MENAFN - AFP) French travellers were facing a weekend of travel disruption, as pilots at Air France announced Friday they were extending their strike, their longest since 1998.

The company said it will have to scrap 55 percent of its flights on Saturday, when pilots' unions will also announce whether the strike will continue into a second week.

Pilots have downed tools ...

 
(MENAFN - AFP) German technology giant Siemens is set to launch a multi-billion-dollar bid for Swiss rival Dresser-Rand, according to a Friday media report that sent the conglomerate's share price soaring in New York.

A report in German weekly Manager Magazin that Siemens was prepared to pay more than $80 (62 euros) a share -- making for a potential deal of over $6.1 billion ...

 
(MENAFN - AFP) A Chinese court on Friday fined British drugmaker GlaxoSmithKline 3.0 billion yuan ($490 million) following a nearly year-long bribery probe, the company said.

The firm's former head of China operations, Mark Reilly who would be deported, and four other ex-officials were given suspended sentences of between two and four years in prison, the official Xinhua ...

 
(MENAFN - AFP) US Treasury Secretary Jack Lew on Friday urged greater efforts to spur global growth as the head of the World Bank bemoaned a disappointing year and warned of downside risks ahead.

Lew called for more focus on investment and infrastructure to help create jobs in comments ahead of this weekend's meeting of G20 finance ministers and central bankers in the northern ...

 
(MENAFN - AFP) Britain's business community breathed a sigh of relief on Friday after Scotland voted by a clear margin to remain in the United Kingdom.

Markets had fretted that independence would spark a flight of capital amid uncertainty over the future currency, oil revenues, EU membership and dividing up state debt in the event of a separation.

However, Scotland ...

 
(MENAFN - AFP) A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut.

In early trades after the record public share offering, Alibaba leapt from an opening price of $68 to nearly $100 and, while it dropped back, was still up some 38 percent at $94.08 after 10 minutes.

Company founder Jack Ma ...

 
(MENAFN - AFP) Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Company founder Jack Ma was on the floor of the New York Stock Exchange as trading opened, while a group of Alibaba customers rang the opening bell.

A trading price was not available ...

 
(MENAFN - AFP) Europe's main stock markets and the pound jumped on Friday as investors welcomed news that Scotland has voted to reject independence from the United Kingdom.

In early morning deals, London's benchmark FTSE 100 index added 0.67 percent to 6,865.12 points, while sterling hit a two-year euro high in anticipation of victory for the "No" campaign.

In Paris, ...

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