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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.
CNNMoney -
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.
ZDNet -

Compiled September 19, 2014

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