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(Image credit: AP Photo/Manuel Balce Ceneta))

1. Alibaba files its long-anticipated U.S. IPO

Chinese e-commerce giant Alibaba filed its plan to sell the first shares of its U.S. stock in what is expected to be among the biggest IPOs in history. Alibaba said it was shooting to raise $1 billion, but when the shares are priced later in 2014 the haul could be more than the $16.4 billion raised by Facebook two years ago. One of the biggest winners could be Yahoo, which will be selling half of its 18 percent stake in Alibaba.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.