National / International News

Alibaba & the exchange windfall

Marketplace - American Public Media - Wed, 2014-05-07 13:35

Alibaba is huge. We know that.  It received $5.6 billion in revenue in 2013 with $1.6 billion in income, and has a nearly unheard of profit margin of 48%. 

You would imagine any stock exchange would be dying for Alibaba to decide to list with it.  They do want Alibaba, bad.  But not necessarily for the reasons you might think.

It’s not totally about the money.  Yes, the stock exchange which hosts Alibaba will receive annual fees for being listed. An exchange will also receive fees every time a stock is traded. 

But as far as stocks go, those fees are minimal.  Listing fees top out at around $500k a year, for the largest of companies, and trading fees are on the order of hundredths of a cent per trade.

So why do exchanges care about listing Alibaba?  Prestige.  The flip side of prestige is advertising.  If a huge flashy tech company like Alibaba lists with a certain exchange, that might attract other huge flashy tech companies to do the same.

China, Vietnam Spar Over Oil Rig In South China Sea

NPR News - Wed, 2014-05-07 13:33

Hanoi says two of its vessels were rammed by Chinese ships deploying an oil rig in disputed waters. It comes as the Philippines has seized Chinese fisherman for alleged poaching of sea turtles.

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Sunderland 2-0 West Bromwich Albion

BBC - Wed, 2014-05-07 13:24
Sunderland beat West Brom at the Stadium of Light to ensure Premier League survival and effectively relegate Norwich City.

Return to Tacloban six months after Haiyan

BBC - Wed, 2014-05-07 13:23
’I came home and saw my husband hanging on the fence’

Murray wins see-saw match in Madrid

BBC - Wed, 2014-05-07 13:08
Andy Murray survives a second-set fightback by Nicolas Almagro to reach the Madrid Masters third round.

Stanford Dumps Its Holdings In Coal, With Climate In Mind

NPR News - Wed, 2014-05-07 13:08

Stanford says it will its divest holdings in coal companies over climate change concerns. It's the most prominent of the roughly one dozen colleges that have decided to sell off fossil fuel holdings.

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Hooker Youngs to miss England tour

BBC - Wed, 2014-05-07 13:03
England hooker Tom Youngs will not tour New Zealand in June in order to support his wife, who needs treatment for an illness.

UKIP not a racist party, says Farage

BBC - Wed, 2014-05-07 12:59
UKIP "is not racist", leader Nigel Farage tells activists, following controversy over comments by some candidates.

Banksy has say over disputed artwork

BBC - Wed, 2014-05-07 12:53
The renowned street artist Banksy says his disputed Mobile Lovers work should be kept by a Bristol boys' club.

U.S. Offers Aid In Search For Nigerian Girls, But Is It Too Late?

NPR News - Wed, 2014-05-07 12:50

The U.S. is sending a team of experts to help find the nearly 300 abducted schoolgirls. But the nearly three-week delay means that the girls are likely scattered, making the search that much tougher.

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Telepsychiatry Brings Emergency Mental Health Care To Rural Areas

NPR News - Wed, 2014-05-07 12:48

Many North Carolina counties have no psychiatrists, so emergency rooms are experimenting with beaming in the doctor on video. The hospital can then provide needed treatment.

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Syria rebels evacuated from Homs

BBC - Wed, 2014-05-07 12:44
Syrian rebels leave the last opposition-held enclaves in Homs, ending three years of resistance in the "capital of the revolution".

Vermont's GMO Bill Expected To Face Major Legal Challenges

NPR News - Wed, 2014-05-07 12:43

Vermont gets ready to become the first state to require food producers to label products that are genetically modified, but not without preparing for major legal battles with companies like Monsanto.

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VA Secretary Responds To Call For His Resignation

NPR News - Wed, 2014-05-07 12:29

Veterans Affairs Secretary Eric Shinseki responds to calls for his resignation, following reports of veterans dying while waiting for treatment.

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From The Ocean Deep To The Courtroom: A Tale Of Sunken Treasure

NPR News - Wed, 2014-05-07 12:29

When the SS Central America sunk in 1857, it took down tons of gold with it. Gary Kinder, author of Ship of Gold in the Deep Blue Sea, tells the fraught tale of shipwreck and recovered treasure.

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After Six Decades As A Staple, 'Jet Mag' Ends Its Print Run

NPR News - Wed, 2014-05-07 12:29

It's the end of an era, as the Johnson Publishing Company announced plans to cease printing Jet Magazine. The magazine, which started some 63 years ago, was long a staple for many African-Americans.

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Peace Talks On Pause: What Went Wrong?

NPR News - Wed, 2014-05-07 12:29

Middle East peace talks have been officially paused; unofficially, many say they're finished. Jeffrey Goldberg of Bloomberg View and The Atlantic explains how Secretary of State John Kerry's mission fell apart.

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Department Of Education Brings Home A Disappointing Report Card

NPR News - Wed, 2014-05-07 12:29

The Department of Education has released its latest math and reading scores for 12th graders. The scores offer little good news for educators, with results low and largely unchanged since 2009.

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Kinder Words From Putin, But They Come With A Cost

NPR News - Wed, 2014-05-07 12:29

Russian President Vladimir Putin says he is pulling his forces back from Ukraine's border. He also is calling on separatists in eastern Ukraine to postpone a referendum planned for Sunday. This news might be a breakthrough — or just a head fake.

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Syrian Rebels Cede Stronghold After Over A Year Under Siege

NPR News - Wed, 2014-05-07 12:29

Syrian rebels have surrendered Homs, the city known as the birthplace of the uprising against Syrian President Bashar Assad. It marks the end of a long siege and a huge blow to the rebels.

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