Alibaba raised $21.8 billion in its initial public offering. The company's stock begins trading on the New York Stock Exchange today under the symbol BABA.
The breach at the DIY chain is larger than the one suffered by Target last year.
The Associated Press/ABC News -
Made, an online furniture retailer, sent out an email celebrating Scottish independence when it should have sent out one congratulating its customers on the country remaining part of the U.K.
The Telegraph -
Struggling chains, including Sears and Toys "R" Us, are offering space in their stores to other retailers in an attempt to turn profits.
The Street -
Kroger's initiative takes its lead from Harris Teeter's "click and collect" program. Kroger acquired the Teeter chain earlier this year for $2.5 billion.
Cincinnati Enquirer -
Yum Brands' new Vietnamese street food concept, Banh Shop, sported a logo with a red star. This did not go over well with Vietnamese immigrants who have no love for the communist government of their homeland.
USA Today -
Oasis Beverages, a Russian brewer and beverage distribution company, and TSG Consumer Partners, a private equity firm, have joined together to purchase Pabst Brewing.
Milwaukee Journal-Sentinel (tiered sub.) -
Microsoft has let go 2,100 people, including 750 in the state of Washington, as part of its previously announced plan to cut 18,000 jobs.