Will Alibaba IPO See Good Fortune of No. 8?

June 4 (Bloomberg) -- Alibaba Group -- with back-to-back “ba’s” in its own name -- is targeting a U.S. trading debut of Aug. 8, according to people with knowledge of the matter. In Chinese, “ba” can mean “eight” or superstitiously, it denotes “fortune.” Jeff mcCracken reports on Bloomberg Television's “Bloomberg West.” (Source: Bloomberg)
Chevron Oil Writedown Pushes Profit to 12-year Low
26:59 - Paul Sankey, managing director at Wolfe Research, examines second-quarter results from Chevron Corp. as the company posted its lowest profit in more than 12 years on nearly $2 billion of write downs on oil and gas field values. He speaks on "Market makers." (Source: Bloomberg)
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