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Chinese Internet giant Alibaba files IPO in the United States
New York -- Alibaba Group Holding Ltd., the Chinese Web behemoth, filed paperwork on Tuesday for what some experts claim could be one of the biggest initial public offerings in U.S. history. The company filed with the Securities and Exchange Commission to raise $1 billion, but many analysts say the company could bring in more than the $16 billion Facebook raised in 2012.
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McCain Foods taps new president, North America
McCain Foods has appointed Jeff DeLapp as president, North America, effective June 2. DeLapp takes over the role from Frank van Schaayk, who is retiring next October, and will be based in Lisle, Ill.
DeLapp has more than 25 years of leadership experience in the food industry. He was president of Lamb Weston from 2002 to 2010. Prior to joining Lamb Weston, he was president and COO at The Bruss Company (acquired by Tyson Foods).