Alibaba Seen Avoiding Facebook Flop With IPO

May 6 (Bloomberg) -- Alibaba doesn’t want to be the next Facebook, at least for its prospective IPO. The world’s biggest online retailer is considering a more conservative valuation than what the social-networking company achieved last year, a person familiar with the situation said. Stephen Engle reports on Bloomberg Television's "First Up." (Source: Bloomberg)
How Does Financial Industry View Gross's Pimco Suit?
04:53 - Bill Gross sued Pimco and parent Allianz SE for “hundreds of millions of dollars,” claiming he was wrongfully pushed out as the bond giant’s chief investment officer by a “cabal” of executives seeking a bigger slice of the bonus pool. Armored Wolf Managing Director John Brynjofsson weighs in on "Bloomberg Markets." (Source: Bloomberg)
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