Claman on Call: Alibaba Sets Its IPO Price; CEOs Step Down


It was another day in the green for the major U.S. markets -- the S&P hit a new intraday record and it, along with the Dow, closed at record highs.

And all eyes will be on Alibaba tomorrow morning. The Chinese e-commerce giant is expected to make its debut on the New York Stock Exchange, trading under the ticker "BABA." The company priced its shares at the top of the range at $68 per share, which means it is valued at $168 billion -- more than Amazon (NASDAQ:AMZN), which is valued at $150 billion.

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Make sure to tune into FOX Business all day on Friday to follow the minute by minute coverage of the stock's debut on the NYSE.

It could be a game changer for the United Kingdom as we know it. The votes are in and being tallied as we speak to decide whether or not Scotland will remain in the U.K. The vote has huge ramifications for Scotland, the U.K. and for U.S. oil interests in the region.

FOX Business's Ashley Webster and Lori Rothman will be hosting special coverage on Scotland Independence starting at 5 a.m. ET on Friday. They will break down the results and tell you how it could affect your portfolio.

And an update on the Home Depot (NYSE:HD) hack attack: Home Depot estimates 56 million cards were at risk, but the home improvement retailer says the malware that was used to infiltrate its systems has been eliminated. Home Depot share were trading down slightly after hours.

Also big news after the bell: Larry Ellison is stepping down as the CEO of Oracle (NYSE:ORCL). Ellison will now assume the role of executive chairman and CTO. Safra Catz and Mark Hurd were both promoted to the position of CEO, from co-presidents of the company. Oracle earnings came out after the bell, with revenue coming in light, in part due to the fact that hardware sales were down on the quarter. Earnings per share came in at 62 cents per share, two pennies below street estimates.

Also having a shake-up in the C-suite: Jet Blue (NASDAQ:JBLU). CEO Dave Barger is stepping down and current president Robin Hayes will succeed him. Jet Blue shares were up about 6% in after hours trading.

Now, here is what you need to watch tomorrow: Alibaba has its trading debut -- and you can imagine it's giong to be a very exciting day for the much-hyped IPO. Also tomorrow is quadruple watching, so expect to see some volatility in the markets as traders close out their positions.

Be sure to check out all of today's interviews on and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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