Nightly Business Report — September 19, 2014

Tonight on Nightly Business Report, Alibaba surges on its first day of trading, but does that mean it’s a good long-term buy for investors? And, can two people successfully run a company and share the CEO title? You might be surprised by the answer.


Today’s stock stories: GSK, CAT, DRC, SAP & CNQR.


Americans now owe a record $1.2 trillion in student loan debt and if that’s not bad enough, the crisis is taking on a new dimension: people near retirement age hold more of that debt than ever before.


Helping lift the markets today, all the buzz about the initial public offering of Alibaba. But what do investors need to know about the Chinese e-commerce giant. What are the pros and cons of a company that has people half a world away so excited they’re ready to invest billions?


Chinese e-commerce company Alibaba priced its U.S. initial public offering for $68 per share—at the top of the expected range. Alibaba, which not only dominates the market in its home country but also has designs to expand aggressively abroad, is expected to begin trading at the New York Stock Exchange Friday morning under the ticker …

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Tim Cook announces Apple Pay during a company special event at the Flint Center for the Performing Arts on Sept. 9, 2014 in Cupertino, Calif.

As hundreds of fans pocket new iPhone 6 models Friday, consumers will be peering at their mobile screens and discovering a new function: Apple Pay. Forget clumsily handing over cash or even signing a credit or debit card slip. With major companies including Citi and McDonald’s attached to the new Apple Pay platform, many industries will be watching to …

Michael Jung | Getty Images

Call them the almost-grads. This week, Wal-Mart Stores Vice President David Tovar had to very publicly acknowledge that the reason he was leaving the retailer was that the company uncovered he hadn’t finished all the courses he needed for the degree listed on his resume. Thousands of other “college graduates” are probably in the same boat and don’t even …

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Apple CEO Tim Cook shows off the new iPhone 6 on September 9, 2014 in Cupertino, Calif.

People have been buzzing about Apple‘s new iPhone 6 and iPhone 6 Plus since the tech giant unveiled them. The new phones are bigger, slimmer and have faster processors than the iPhones that came before them, but what’s in the box? Just like previous iPhone models, the new iPhone 6 and iPhone 6 Plus come with …

Source: Marriott Hotels

Marriott Hotels is betting the future of travel will be, at least in part, virtual. The hotel brand is rolling out Oculus Rift technology at select hotel locations to enable guests to virtually explore the black sand beaches of Hawaii or the city of London. But to make the experience more immersive, Marriott is taking …

Dan Groshong | Bloomberg | Getty Images
Jack Ma, founder of Alibaba Group Holding Ltd.

There are any number of reasons to find Alibaba alluring: a global footprint, scads of cash and ownership that has its eyes focused firmly on future growth. That doesn’t mean, though, that the glittery initial public offering, which prices Thursday evening, is all gold. Indeed, there are at least three potential drawbacks investors should consider …

Adam Jeffery | CNBC
Traders on the floor of the New York Stock Exchange during Alibaba Group IPO, September 19, 2014.

Alibaba’s initial public offering today is the most hyped of its kind sinceFacebook’s debut more than two years ago. But just because sentiment is running in favor of the stock on the company’s big day, doesn’t mean everyone’s sanguine about the company–or bullish on the stock Here are some recent headlines that, for one reason or another, …

Alibaba- you mean from Aladdin?

While Wall Street is looking to invest billions in what is set to be the largest initial public stock offering in U.S. history, much of Main Street has no clue what Alibaba is.

Edgar Su | Reuters
Alibaba founder Jack Ma gives a thumbs-up as he arrives to speak to investors at an initial public offering road show in Singapore Sept. 16, 2014.

Alibaba’s long-awaited IPO is finally around the corner, making this a good time to take a look at just how an IPO works. In an initial public offering (IPO) a company issues stock to the public for the first time. Why would a company want to go public in the first place? To raise money …

Apple’s privacy policy

Apple’s new mobile operating system comes with privacy protection that it says no one will be able to access, not even law enforcement with a warrant and that’s a big worry for the intelligence community.

Scotland’s historic decision

The polls in Scotland and now closed and officials are tallying up the votes to see if a majority of Scotland’s people have decided whether to leave the United Kingdom and become an independent nation.