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Alibaba leaning toward NYSE listing: Wall Street Journal

(Reuters) - Chinese e-commerce company Alibaba Group Holding Ltd is leaning toward listing its shares on IntercontinentalExchange Group's New York Stock Exchange instead of Nasdaq OMX Group's exchange, according to the Wall Street Journal. No deal has been signed, but Alibaba has indicated to people involved in the precess that it prefers NYSE, the Journal said, citing an unspecified number of unnamed sources. A Nasdaq spokesman and spokeswomen from NYSE and Alibaba declined to comment.

Jennifer Lopez-backed channel offers to buy Fuse TV: Bloomberg

(Reuters) - Latino-focused cable network NuvoTV has made an offer to buy Madison Square Garden Co's Fuse TV for more than $200 million in cash and stock, Bloomberg reported, citing people with knowledge of the matter. The offer from NuvoTV, in which pop singer Jennifer Lopez owns a minority stake, pits her against former boyfriend Sean "Diddy" Combs, who made a bid of about $200 million for Fuse TV, a music TV network, earlier this week, Bloomberg reported. (http://r.reuters.com/xuf67v)

Electronic Arts, GM, Zogenix, Macy's and JC Penney are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE J.C. Penney Co. Inc., up 25 cents to $8.67 Wall Street is starting to take note of the retailer's efforts to turn itself around, and Citigroup upgraded the company's stock. General Motors Co., down $1.91 to $35.18 A congressional committee is investigating the way the carmaker and federal regulators handled a deadly ignition-switch problem. Macy's Inc., up 82 cents to $58.94

Best Buy, Deckers, Sotheby's, Pier 1 and United Continental are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Best Buy Co. Inc., up $1.06 to $26.63 Shares of the electronics retailer continued to rise a day after posting a fourth-quarter profit that topped Wall Street expectations. United Continental Holdings Inc., down $1.55 to $44.96 Winter storms forced the airline to cancel 22,500 flights in January and February, hurting its revenue for the first quarter. Pier 1 Imports Inc., down $1.14 to $18.92

Fed to look closer at weather's impact on economy as companies say cold winter chills sales

Storms outside can freeze up economic growth. Federal Reserve Chair Janet Yellen says the central bank will be watching to see if a recent slowdown in consumer spending and job growth is part of a broader trend or a temporary situation caused by this winter's severe weather. Just like frozen pipes can slow the flow of water, cold weather and storms can keep shoppers at home and cramp their spending. A number of companies have blamed this season's snow and freezing temperatures for putting the ice on their own sales:

Fed to look closer at weather's impact on economy as companies say cold winter chills sales

Storms outside can freeze up economic growth. Federal Reserve Chair Janet Yellen says the central bank will be watching to see if a recent slowdown in consumer spending and job growth is part of a broader trend or a temporary situation caused by this winter's severe weather. Just like frozen pipes can slow the flow of water, cold weather and storms can keep shoppers at home and cramp their spending. A number of companies have blamed this season's snow and freezing temperatures for putting the ice on their own sales:

BlackRock names former NYSE Euronext executive as treasurer

NEW YORK (Reuters) - BlackRock Inc, the world's largest money manager, has named former NYSE Euronext executive Philippe Matsumoto as treasurer and head of corporate insurance, the New York-based company said on Thursday. Matsumoto, who was previously senior vice president and global treasurer at NYSE Euronext, will be responsible for overseeing global treasury, liquidity, funding and capital management activities in his new role at BlackRock. He will report to BlackRock's Chief Financial Officer Gary Shedlin.

Macy's 4Q profit rises 11 pct, but winter storms hurt sales

NEW YORK, N.Y. - Macy's Inc.'s fourth-quarter profit rose 11 per cent, but the department store chain suffered a sales shortfall because a string of winter storms chilled business in January. The results, released Tuesday, come on the heels of a solid but fiercely competitive holiday shopping season for the Cincinnati-based company, which also operates Bloomingdale's stores. The chain has been a standout among its peers throughout the economic recovery as it has benefited from its moves to tailor merchandise to local markets.

Macy's says quarter is off to a slow start

(Reuters) - Macy's Inc <M.N> on Tuesday said sales in its new fiscal year were off to a slow start, coming on the heels of a dip in January, and the department store operator's shares fell nearly 2 percent. The company said comparable sales, which include those online and at stores open at least a year, rose 1.4 percent in the fourth quarter ended February 1 as the decline in January partly offset a strong holiday season for the Macy's chain.

NYC property home to Junior's for sale, but owners pledge iconic cheesecake maker will return

NEW YORK, N.Y. - The home of Brooklyn's most famous cheesecake is up for sale. The owners of Junior's Restaurant have put the property at the corner of Flatbush and DeKalb avenues on the market. The chairman of the firm handling the listing says the site would be suited to condominiums with a retail base. The property was officially listed Thursday. Bob Knakal, of Massey Knakal, says part of any deal would be Junior's returning to the site, perhaps as a long-term lease in the retail space.
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