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Sep 5, 2014

DealBook P.M. Edition - September 5, 2014: Top Story: Alibaba Seeks $21 Billion in Highly Awaited I.P.O..

For the latest updates, go to dealbook.nytimes.com »
FRIDAY, SEPTEMBER 5, 2014
TOP STORY
Alibaba Seeks $21 Billion in Highly Awaited I.P.O. The Chinese e-commerce giant plans to price its shares between $60 and $66 a share. At the midpoint of that range, the company would be valued at nearly $156 billion, not far behind Amazon.com.
The headquarters of the Alibaba Group in Hangzhou, China.
Alibaba Said to Pick New York as Kickoff for Roadshow The company plans to begin its roadshow on Monday, kicking off a race around the world that will span 100 meetings in roughly 10 days.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
A Family Dollar store in the Bronx.
Family Dollar Rejects Revised Bid by Dollar GeneralFamily Dollar said on Friday that it had formally rejected a revised $9.1 billion offer from its larger rival, arguing that new measures meant to provide assurances about antitrust risk were insufficient.
A program run by HUD has been selling severely delinquent mortgages guaranteed by the Federal Housing Administration since 2010.
Federal Sale of Troubled Mortgages Draws Criticism From Community Groups A research report and community groups said that the government should give nonprofit organizations a better chance of competing against private investment firms in the bidding to buy distressed mortgages.
Two Brazilian businesses have offered a generous premium to buy Chiquita.
Chiquita's Inversion Plan Hits Snag as I.S.S. Recommends Vote Against Deal Institutional Shareholder Services, the proxy advisory group, recommended on Friday that Chiquita shareholders vote against a planned deal with Fyffes and instead push the banana company to entertain another takeover offer.
S.E.C. Names First Ombudsman The Securities and Exchange Commission has chosen Tracey L. McNeil, an agency veteran and former corporate lawyer, to "act as a liaison in resolving problems that retail investors may have" with the agency.
Robert E. Diamond Jr., the former Barclays chief, is now backing Atlas Mara Co-Nvest.
Company Backed by Robert Diamond Increases Stake in Nigerian Bank The investment company Atlas Mara Co-Nvest, backed by the former Barclays chief executive, will own 29.9 percent of the Union Bank of Nigeria after the transaction.
Early morning on the beach at Coney Island.
Life@Work: What I Learned on My Vacation Taking time off is a first step. Learning to simply, and deeply, relax is just as important, Tony Schwartz writes.
Vice Media's co-founder and chief, Shane Smith, was in Greenland filming for an HBO series.
Reuters Breakingviews: Vice Media Employs Old-School Traits in Fund-Raising Vice Media's latest money raising suggests that the company aimed at a younger audience values its elders in the media industry, writes Jeffrey Goldfarb.
Kevin Rudd, the prime minister of Australia at the time, apologized to Australia's indigenous community in 2008.
Apology Watch: Anatomy of an Authentic Apology Dov Seidman, in an Apology Watch Q. and A., discusses with Kevin Rudd, the former prime minister of Australia, how he delivered an apology in 2008 to Australia's indigenous community and followed it up with meaningful action.
BUZZ TRACKER
Justice Department Promotes Lawyer to No. 3 Post Stuart F. Delery, a senior Justice Department lawyer who defended same-sex marriage, President Obama's health care law and the government's right to collect bulk phone records, has been promoted to the department's No. 3 position, Matt Apuzzo reports in The New York Times. He is replacing Tony West, who announced this week that he was leaving the department.
For the latest updates, go to dealbook.nytimes.com »

CMI | Spot Prices as of close of trading in New York on September 5, 2014.


Spot Prices as of close of trading in New York

Friday, September 05, 2014

GOLD

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,267.45+$1.10$1,287.65$1,285.35$1,388.55

SILVER

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$19.19+$0.04$19.51$19.58$23.97

PLATINUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$1,413.80+$2.50$1,426.60$1,458.00$1,498.70

PALLADIUM

TODAYCHANGEWEEK AGOMONTH AGOYEAR AGO
$893.60+$1.10$911.20$852.40$693.20

GOLD/SILVER RATIO

66.05

WSJ | Biggest Decliners Closing on September 5, 2014.

Biggest Decliners Closing
Biggest Decliners
4:16 pm ET 09/05/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Quiksilver (ZQK)30,091,278$2.13-0.70-24.73
USEC (USU)4,438,8014.11-0.97-19.10
Tumi Holdings (TUMI)3,758,22120.99-1.29-5.79
China New Borun (BORN)128,3302.14-0.13-5.73
Standard Register (SR)12,9215.88-0.34-5.39
Omega Protein (OME)257,96914.47-0.78-5.12
Natuzzi ADS (NTZ)4,4122.25-0.12-5.06
Castlight Health Cl B (CSLT)314,30512.99-0.67-4.90
Michael Kors Holdings (KORS)14,177,34876.22-3.75-4.69
Acorn International ADS (ATV)152,1372.05-0.10-4.62
Lentuo International (LAS)250,1392.70-0.13-4.59
Paragon Offshore (PGN)5,822,9238.24-0.38-4.41
Gap (GPS)10,159,77944.65-1.94-4.16
Clean Harbors (CLH)555,83057.97-2.44-4.04
Walter Energy (WLT)3,413,3125.11-0.21-3.95
Adeptus Health (ADPT)75,04525.79-1.04-3.88
Global Power Equipment Group (GLPW)52,53916.69-0.66-3.80
Vince Holding (VNCE)285,99434.20-1.33-3.74
Emergent Biosolutions (EBS)210,90222.93-0.88-3.70
Alpha Natural Resources (ANR)9,941,4033.63-0.14-3.59
Arcos Dorados Holdings Cl A (ARCO)1,503,5036.80-0.25-3.55
China Ming Yang Wind Power Group ADS (MY)572,7973.00-0.11-3.54
Culp Inc. (CFI)106,56618.19-0.64-3.40
Marine Harvest ADS (MHG)116,62013.44-0.47-3.38
Gafisa ADS (GFA)406,3492.87-0.10-3.37
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Virtus Investment Partners (VRTS)452,292$185.00-20.30-9.89
Zumiez (ZUMZ)1,800,76629.73-2.68-8.27
Marrone Bio Innovations (MBII)1,029,8982.87-0.25-8.01
Achillion Pharmaceuticals (ACHN)19,204,73912.17-1.05-7.94
The9 ADS (NCTY)237,8612.69-0.23-7.88
MobileIron (MOBL)1,289,90610.89-0.85-7.24
China HGS Real Estate (HGSH)489,3198.01-0.62-7.18
Mitcham Industries (MIND)112,59710.57-0.73-6.46
TESARO (TSRO)323,93329.97-1.69-5.34
SFX Entertainment (SFXE)793,3936.27-0.35-5.29
Camtek (CAMT)419,7014.20-0.23-5.19
Eleven Biotherapeutics (EBIO)19,15011.00-0.60-5.17
Planar Systems (PLNR)888,8674.83-0.25-4.92
2U (TWOU)151,28116.47-0.83-4.80
Repligen (RGEN)332,87518.75-0.94-4.77
Finisar (FNSR)9,435,02717.51-0.86-4.68
RetailMeNot (SALE)1,463,67217.63-0.86-4.65
United-Guardian (UG)2,55123.85-1.15-4.60
Alexza Pharmaceuticals (ALXA)137,7543.15-0.15-4.55
World Acceptance (WRLD)295,80176.95-3.65-4.53
LMI Aerospace (LMIA)57,67614.21-0.67-4.50
Maxwell Technologies (MXWL)524,4129.30-0.43-4.42
Supertel Hospitality (SPPR)8,8252.01-0.09-4.29
Celldex Therapeutics (CLDX)2,573,19315.20-0.67-4.22
JD.com ADS (JD)7,111,68929.03-1.23-4.06
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)2,790,943$12.11-1.10-8.33
Direxion Daily Russia Bear 3x Shares (RUSS)660,08010.51-0.93-8.16
ProShares Ultra VIX Short-Term Futures ETF (UVXY)8,695,87723.44-0.99-4.05
VelocityShares 3x Long Crude ETN (UWTI)35,17628.32-0.95-3.24
Direxion Daily Real Estate Bear 3x Shares (DRV)77,35032.83-1.09-3.21
ProShares Ultra MSCI Pacific ex-Japan (UXJ)2,60047.24-1.32-2.72
Direxion Daily Emerging Markets Bear 3x Shares (EDZ)944,33126.35-0.72-2.66
Direxion Daily Semiconductor Bear 3X Shares (SOXS)254,88817.96-0.47-2.55
ProShares UltraShort Real Estate (SRS)71,94514.27-0.35-2.39
Direxion Daily FTSE China Bear 3X Shares (YANG)42,05512.45-0.30-2.35
IQ Canada Small Cap ETF (CNDA)2,38624.83-0.57-2.24
iPath DJ-UBS Coffee Subindex Total Return ETN (JO)36,51537.34-0.86-2.24
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ)3,847,43813.49-0.30-2.17
iPath Dow Jones -UBS Coffee Subindex Total return Coll ETN (CAFE)4,15924.50-0.54-2.16
ProShares Ultra Bloomberg Crude Oil (UCO)740,04731.39-0.68-2.12
Direxion Daily Energy Bear 3x Shares (ERY)302,37713.59-0.29-2.09
Direxion Daily Japan Bull 3x Shares (JPNL)15,74746.90-1.00-2.09
ProShares UltraShort Utilities (SDP)5,87514.85-0.31-2.04
Direxion Daily Gold Miners Bear 3x Shares (DUST)3,748,95718.08-0.37-2.01
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)29,929,06827.45-0.56-2.00
Direxion DailyTechnology Bear 3x Shares (TECS)36,47213.24-0.27-2.00
PowerShares DB Agriculture Double Short ETN (AGA)2,70123.70-0.47-1.94
ProShares VIX Short-Term Futures ETF (VIXY)942,96818.30-0.36-1.93
Market Vectors Colombia ETF (COLX)2,55019.89-0.36-1.80
iShares MSCI Global Gold Miners ETF (RING)38,66610.41-0.19-1.79
 
Composite
ISSUEVOLUMEPRICECHG% CHG
Recro Pharma (REPH)1,628,871$3.00-2.71-47.46
Quiksilver (ZQK)30,352,2002.13-0.70-24.73
USEC (USU)4,445,4054.09-0.99-19.49
Energous (WATT)452,00210.01-1.62-13.93
Virtus Investment Partners (VRTS)452,292185.00-20.30-9.89
Direxion Daily Russia Bear 3x Shares (RUSS)664,68010.45-0.99-8.68
Vicon Industries (VII)907,4654.15-0.38-8.39
Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)2,790,94312.11-1.10-8.33
Zumiez (ZUMZ)1,800,76629.73-2.68-8.27
Marrone Bio Innovations (MBII)1,029,8982.87-0.25-8.01
Achillion Pharmaceuticals (ACHN)19,204,73912.17-1.05-7.94
The9 ADS (NCTY)237,8612.69-0.23-7.88
Professional Diversity Network (IPDN)4,5754.59-0.39-7.83
Earthstone Energy (ESTE)29,89331.57-2.52-7.39
Par Petroleum (PARR)640,54916.68-1.32-7.33
MobileIron (MOBL)1,289,90610.89-0.85-7.24
China HGS Real Estate (HGSH)489,3198.01-0.62-7.18
Heat Biologics (HTBX)56,0926.10-0.46-7.01
Giga-Tronics (GIGA)241,1332.08-0.15-6.73
Quest Resource Holding (QRHC)55,2853.64-0.26-6.67
Mitcham Industries (MIND)112,59710.57-0.73-6.46
Hudson Technologies (HDSN)64,1923.08-0.20-6.10
Technical Communications (TCCO)55,0855.37-0.34-5.96
Medgenics (MDGN)81,3505.70-0.36-5.94
AxoGen (AXGN)33,2692.38-0.15-5.93
 
See All Decliners
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS with prior day close of $2 a share or higher, with volume of at least 2,000.
x - stock is trading ex-dividend
Source: WSJ Market Data Group