BUSINESS DIGEST || Devon presentation

Devon presentation

OKLAHOMA CITY

Devon Energy Corp. announced Wednesday its management will present at the Barclays CEO Energy/Power Conference in New York on Wednesday. The event will be available to the public via Internet webcast.

A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the event. Devon Energy is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production.

Spiders lead to Suzuki recall

DETROIT

Spiders have forced Suzuki to recall more than 19,000 midsize cars.

The automaker says spider webs can clog a fuel- vapor vent hose in some 2010 to 2013 Kizashi cars, cutting off air flow. If that happens, it can cause the gas tank to deform, causing cracks, fuel leaks and possible fires.

The recall was prompted by seven reports of the problem. Service centers will replace the vent line with one that has a filter on the end. They’ll also replace gas tanks if necessary.

The problem hasn’t caused any accidents or injuries in the U.S., Suzuki said in documents posted Wednesday by the National Highway Traffic Safety Administration.

Owners will be notified this month. Those with questions can call Suzuki customer service at 800-934-0934.

American Suzuki Motor Corp. filed for Chapter 11 bankruptcy protection in November of 2012 and stopped selling automobiles in the U.S.

Alibaba’s revenue growth surges

SAN FRANCISCO

Alibaba’s quarterly revenue growth is surging again, a development that should help the Chinese e-commerce company sell its shares in what could become the technology industry’s most-lucrative IPO.

The latest evidence of Alibaba’s financial allure surfaced in a regulatory update filed Wednesday as the company prepares to complete its initial public offering of stock next month.

Alibaba’s latest quarter ending June 30 was highlighted by revenue of $2.54 billion, a 46 percent increase from last year based on current exchange rates for the yuan.

The performance is likely to ease concerns that cropped up in June when Alibaba disclosed revenue growth of 39 percent during the quarter ending March 31, the slowest rate in six years.

Scottish execs: No case for separation

LONDON

A group of 130 business leaders in Scotland have signed an open letter arguing that the case for independence from Britain has not been made.

The leaders say much is at stake but uncertainties surround a number of key issues should Scotland vote to break away from Britain on Sept. 18.

The leaders say vital issues such as what currency the country would use remain unresolved. Questions also remain on taxes, pensions and the country’s membership in the European Union.

Wire reports