Experts said Al Jazeera America needs to define its mission to be able to succeed with its American audience.

Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms. US President Barack Obama recently revisited the issue on the need for major reforms on the housing market policies.

Capital One Financial Corporation on Friday entered into a deal with Fannie Mae-headed Beech Street for an undisclosed amount.

North and South Korea announced that they had agreed to reopen the Kaesong industrial complex, which was closed when tensions grew between the two countries in April.

Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.

US Airways and American Airlines promised to fight the antitrust lawsuit filed by the US Department of Justice, of which halted the airline companies' USD 11 billion merger.

The Center for European Economic Research reported increased levels of investor sentiment in August.

The US government acknowledged the existence of the aviation test site Area 51 after decades of utmost secrecy about the place.

A Gotland District Court Judge ruled to convict an 18 year old male for sending a friend request in social networking site Facebook.

Greece's economy still critical despite slight improvement. Greece's economic recession was marginally reduced in the second quarter of this year when the economy shrank at only 4.