‘ Alibaba To List on NYSE Under Symbol ‘ BABA ‘ Signalling a Loss for the Nasdaq OMX Group ‘

#AceFinanceNews – CHINA (Beijing) – June 26 – Alibaba said Thursday in a regulatory filing that it plans to list its shares on the New York Stock Exchange under the symbol ‘BABA.’

The move is a loss for Nasdaq OMX Group, which was battling Big Board parent Intercontinental Exchange for the listing of the highly-anticipated IPO.

Fox Business News


‘ Who is Providing Funds for the Obama Linked-Non-Profit Organising for Action ‘

#AceFinanceNews – UNITED STATES (Washington) – June 26 – Fourteen donors, running the gamut from a hedge fund manager to a gay rights activist to a little-known Salt Lake City venture capitalist, have given $100,000 or more to Organizing for Action, the non-profit that was created from the remnants of President Obama’s campaign committee, since January 2013.

​CRP and the Sunlight Foundation have posted the first searchable, sortable list of donors to the group.

While OFA’s website includes a hard-to-find roster of its donors, only names and amounts are given — no cities or employes. CRP and Sunlight have filled out the identifying information where we could — and added such details as how much teh donors gave to Obama’s campaigns, and whether they were bundlers or helped fund his inauguration festivities.

OFA discloses more than it’s legally required to, to its credit.

But this administration has reached for historic highs in terms of transparency, and OFA’s closeness to the president calls for more openness by this organizations. »



‘ EU Leaders Likely to Put Jean Claude Juncker at the Helm of Next European Commission ‘

#AceFinanceNews – BRUSSELS – June 26 – EU leaders are likely to put Jean-Claude Juncker at the helm of the next European Commission at this week’s summit despite British opposition.

But they are not expected to assign the other top jobs in a traditional package deal until later in July.

British PM David Cameron has demanded an EU Council vote on Juncker in a bid to block the former Luxembourg PM, whom he considers too federalist and too old-fashioned to reform the EU along UK lines.

The unprecedented show of hands will take place at a lunch in Brussels on Friday (27 June).

Italy, the Netherlands, and Sweden – who had also expressed reservations on Juncker – have indicated they will back him. Their defection leaves Hungarian PM Viktor Orban as Cameron’s only ally. But even if they both vote against Juncker it will not be enough to stop his appointment, while diplomats say Orban might abstain.

According to one EU source, Britain is likely to "retaliate" by refusing to sign the Council “conclusions,” which would be downgraded to a “declaration” by EU Council chief Herman Van Rompuy.

Leaders will gossip on who should be the next EU foreign relations chief and EU Council head when Catherine Ashton and Van Rompuy step down in November. They might also discuss appointing a permanent Eurogroup chief – a post eyed by Spanish finance minister Luis de Guindos.

But the dispute on Juncker means there will be no final decisions this week.