Alibaba Completes $7.6B Yahoo! Repurchase

Sept. 18 (Bloomberg) -- Alibaba Group said it completed a repurchase of a stake in itself that was held by Yahoo! through transactions valued at $7.6 billion. Jon Erlichman reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)
LVMH Beats Estimates on Leather-Goods and Wine Sales
19:17 - LVMH Moet Hennessy Louis Vuitton reported an estimate-beating 15 percent increase in first-half earnings as sales of fashion and leather-goods accelerated and the wines-and-spirits division returned to growth. Bloomberg's Shery Ahn reports on "Trending Business." (Source: Bloomberg)
  • China Stock Meltdown Adds Exit-Strategy Conundrum
  • How Long Is the Global Oil Glut Going to Last?
  • Russian Banks Turn to Hong Kong for Cash