Alibaba Spikes, Yahoo Sags

 Alibaba’s IPO touched down today to large success. The company’s shares soared more than 38 percent in regular trading, pushing the valuation of the Chinese e-commerce company north of $225 billion. The success of the offering, however, did not bolster Yahoo, whose stock fell during midday trading, dipping under the $40 mark before partially recovering. Yahoo owns a large stake… Read More