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A spokesman said on Wednesday, Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co, plans to be out of the office for at least half of his planned two-month course of radiation treatment and chemotherapy for throat cancer. Spokesman Joseph Evangelisti, Dimon's four weeks of vacation could begin shortly after JPMorgan reports quarterly results on July 15, depending in part on how doctors set the details of his course of treatment.

Chinese e-commerce giant Alibaba Group has decided to list on the New York Stock Exchange dealing a blow to the rival Nasdaq bourse. The company, which handles more than 80 percent of online retail transactions in the world's second-largest economy, is expected to make its debut this summer in what could be the largest U.S. tech initial public offering. Alibaba could announce its decision in an amended IPO prospectus as soon as Thursday.