U.S. Congress approves arming Syrian rebels, funding government

U.S. Congress approves arming Syrian rebels, funding government

By Patricia Zengerle and David Lawder WASHINGTON (Reuters) – The U.S. Congress gave final approval on Thursday to President Barack Obama’s plan for training and arming moderate Syrian rebels to battle Islamic State, a major part of his military campaign to "degrade and destroy" the militant group. The Senate voted 78-22, in a rare bipartisan [...]

Home Depot breach bigger than Target at 56 million cards

Home Depot breach bigger than Target at 56 million cards

By Jim Finkle and Nandita Bose BOSTON/CHICAGO (Reuters) – Home Depot Inc <HD.N> Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s unprecedented breach at Target Corp <TGT.N>. Home Depot, in providing the first [...]

Alibaba surges 38 percent on massive demand in market debut

Alibaba surges 38 percent on massive demand in market debut

By Liana B. Baker, Jessica Toonkel and Ryan Vlastelica NEW YORK (Reuters) – Alibaba Group Holding Ltd’s <BABA.N> shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet [...]

Oracle shares slide after soft results, CEO change

Oracle shares slide after soft results, CEO change

(Reuters) – Oracle Corp’s <ORCL.N> shares fell as much as 5.5 percent after the database software maker reported disappointing quarterly earnings late Thursday and said Larry Ellison was stepping aside as chief executive. Ellison, co-founder and leader of Oracle for 37 years, will be replaced by co-CEOs Safra Catz and Mark Hurd, although Ellison will [...]

Kurds issue call to arms as Islamic State gains in Syria

Kurds issue call to arms as Islamic State gains in Syria

By Tom Perry and Laila Bassam BEIRUT (Reuters) – Islamic State fighters besieged a Kurdish city in northern Syria on Thursday after seizing 21 villages in a major assault, prompting a call to arms from Kurds in neighboring Turkey who urged followers to go and help resist the group’s advance. The attack on the city [...]

Alibaba set to price IPO shares amid investor frenzy

Alibaba set to price IPO shares amid investor frenzy

By Liana B. Baker, Jessica Toonkel and Deepa Seetharaman (Reuters) – Underwriters for Alibaba Group Holdings are planning to allocate the bulk of the heavily anticipated offering from the Chinese e-commerce company to a group of 25 to 50 large institutions when pricing is completed after the close of trading Thursday, people familiar with the [...]

A year later, most mega IPOs are mega laggards

A year later, most mega IPOs are mega laggards

By Dan Burns and Akane Otani NEW YORK (Reuters) – If history is any guide, investors who miss out on getting a slice of Alibaba’s massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange. A Reuters analysis of the previous 15 largest [...]

Toyota recalling 20,000 late-model vehicles on potential fuel leak

Toyota recalling 20,000 late-model vehicles on potential fuel leak

DETROIT (Reuters) – Toyota Motor Corp said on Thursday it will recall about 20,000 vehicles worldwide for possible fuel leaks. Most of the affected vehicles are in the United States but were also shipped to other countries, Toyota said. Toyota Motor Sales USA said the recall involves vehicles with its 2GR-FE engine. The recall includes [...]

U.S. Senate to cast final vote on arming Syrian rebels

U.S. Senate to cast final vote on arming Syrian rebels

WASHINGTON (Reuters) – The U.S. Senate on Thursday was poised to approve President Barack Obama’s plan for training and arming moderate Syrian rebels to battle Islamic State militants. A successful Senate vote on the measure, which passed the House of Representatives on Wednesday on a vote of 273-156, would send it to Obama to sign [...]

Islamic State shows captive British journalist in new video

Islamic State shows captive British journalist in new video

By Alexander Dziadosz BEIRUT (Reuters) – Islamic State militants fighting in Iraq and Syria released a video on Thursday that they said shows British journalist John Cantlie in captivity saying he will soon reveal "facts" about the group to counter its portrayal in Western media. The Islamic State, which controls territory in Syria and Iraq, [...]