Microsoft Corp had been acquiring and investing in companies in the last two decades as the software maker planned to accelerate its presence in a market that it does not own.

To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.

An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.

Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.

Generali Chairman Gabriele Galateri said that it had planned to exit the company through a stake sale unless it comes up with a convincing business plan.

Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.

Three more IMAX theaters to be built in the Middle East region. In an announcement, IMAX Corporation and Gulf Film formalized an expansion of their partnership through a revenue share agreement.

The UAE railway network's first phase has been completed. The first phase of the multi-billion dollar rail network for UAE is acheduled for inauguration for the end of 2013.

The sale of speculative-grade bonds surged in the US this year. The sales of junk bonds in the US surged this year. Investors bought the bonds as it had been giving better returns than investment-grade securities for seven straight months.

Bloomberg Businessweek reported that the Bitcoin frenzy had reached China. Bloomberg Businesswee reported that the Bitcoin frenzy had gripped China. The world's second largest economy had become the second largest maker of Bitcoins worldwide, according to data compiled by SourceForge.