Financial/Banking

New York -- China's Alibaba Group Holdings plans to list its shares on the New York Stock Exchange, Bloomberg reported. In a filing on Thursday, the company revealed it will use the ticket "BABA."

Alibaba filed for its IPO in May. The online giant is looking to sell about a 12% stake, the report said. Experts have said it could be the largest U.S. IPO ever.

New York - Barnes & Noble Inc. plans to spin off its Nook e-reader unit as a separately traded public company from its retail operation by the end of the first quarter of fiscal 2016. The retailer made this decision as its consolidated net loss for the fourth quarter of fiscal 2014 shrank from $114.8 million to $36.7 million, missing Wall Street estimates.

The Barnes & Noble board has given the company the green light to separate its retail and Nook Media businesses to optimize shareholder value.

The company anticipates completing the separation of the businesses into two separate public companies by the end of the first quarter next year.

Minneapolis – Best Buy Inc. is reportedly considering selling off its Chinese business or finding a partner to help operate it. According to the Wall Street Journal, Best Buy is working with Bank of America Merrill Lynch to examine its options in China.

Former Walmart CEO Lee Scott is among four new members of board of directors at Yahoo, a company whose CEO Marissa Mayer serves on the Walmart board.

Oak Brook, Ill. — Inland Diversified Real Estate Trust stockholders have voted overwhelmingly to approve the previously announced merger with Kite Realty Group Trust. Assuming all conditions to closing the merger have been satisfied, it is expected to close on or after July 1, 2014.

The General Mills board of directors has added Henrietta Fore, CEO of consulting and investment company Holsman International, to its ranks.

Fore currently serves as the chair of Holsman’s board of directors and global co-chair of both WomenCorporateDirectors and Asia Society, and previously oversaw the U.S. Mint and was administrator of U.S. international development.

Fore joins the General Mills board, as current member and former Sprint chief, William Esrey, prepares to leave in September after 25 years.

Sidney, Neb. - Cabela’s Inc. has signed an amended credit facility with a consortium of financial institutions led by U.S. Bank. This $775 million, five-year credit facility expands and extends Cabela’s existing $415 million, five-year agreement signed in 2011.

In addition, the facility may be increased to $800 million subject to certain terms and conditions.