Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Alibaba abandons $60bn Hong Kong listing (FT)

Alibaba has abandoned plans for a $60bn-plus listing in Hong Kong and has begun work on a US share sale instead after it failed to convince the city’s exchange to allow an unusual board control structure.

Nokia chairman admits mistake in Elop pay-off description (BBC)

Nokia's chairman, Risto Siilasmaa, has admitted that he accidently gave misleading information about former chief executive Stephen Elop's pay-off.

Ed Miliband admits pledge to freeze energy prices could lead to higher bills before next election (Telegraph)

Ed Miliband has admitted that his pledge to freeze energy prices could lead to higher bills for consumers ahead of the next election.

ICAP staff face Libor charges (FT)

US authorities are set to bring criminal charges against current or former employees of ICAP, the world’s largest interdealer broker, as part of their investigation into the manipulation of benchmark interest rates, including Libor, people familiar with the matter say.

JPMorgan eyes $4bn ‘pay for peace’ deal (FT)

JPMorgan Chase is in talks to pay over $4bn in a “pay for peace” deal with US authorities to settle a host of allegations of wrongdoing in the mortgage securities market, according to people familiar with the matter.