Alibaba looks like it will be the biggest stock-market debut in history. The Chinese e-commerce giant will start trading Friday on the New York Stock Exchange.
The company is so big that its annual sales are more than Amazon's and eBay's combined. Alibaba says demand for its IPO is so strong that it has now increased its initial price range to between $66 and $68 per share, from the original $60 to $66 per share. Call it a breadstick battle. One hedge fund is criticizing Darden Restaurants’ Olive Garden chain for handing out too many breadsticks. Starboard Value says the policy not only costs the company as much as $5 million a year, but the treats lose their appeal after seven minutes on the table. McDonald's (NYSE:MCD) is thinking about expanding its build-your-own-burger experiment. Right now, customers in four California restaurants pick from more than 20 toppings. Mickey D's is trying to reverse the worst sales slump in a decade. On Wall Street: The Dow rose 44 points Monday. The Nasdaq fell 49. It was the tech-heavy index's biggest slide in two and a half months. Investors pulled out of many riskier stocks ahead of the Federal Reserve’s two-day meeting which kicks off Tuesday.
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