Alibaba Files for U.S. IPO; VW to Add 2,000 Jobs in the U.S.

The Dow Jones once again closes the day above 17,000, but fell slightly from its intraday record. It was announced today that China's Alibaba filed for an IPO in the United States, this IPO may very well be the biggest tech IPO in history. Yahoo (YHOO) is set to make a lot of money off Alibaba's IPO, as they have a 40% state in the company. Volkswagon has plans to almost double the employment at its Tennessee plant. VW is investing $600 million into the plant by bringing production of a new SUV along with 2,000 jobs to its plant in the southern United States.

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Published on Jul 14, 2014
By InvestorGuide Staff

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