Alibaba Group Holding Ltd. is planning to award about one-third of the fees for its initial public offering in the form of incentive bonuses to coax better performance from underwriters, people with knowledge of the matter said.
The University of Connecticut won its second straight women’s national championship and ninth overall, beating the University of Notre Dame 79-58 in college basketball’s first title-game matchup of undefeated teams.
A funny thing happened after author Michael Lewis released a book portraying high-frequency traders as a bunch of crooks: the stock of the one publicly listed speed trader has rallied. Shares of exchange companies painted as co- conspirators are up, too.
The University of Connecticut plans to sell $220 million of municipal bonds starting today as its teams are set to play this weekend in the Final Four of the men’s and women’s national college basketball tournaments.