Retail sales in the US rose in July, signifying better times for the US economy. The Commerce Department revealed that US retail sales rose to 0. 2% in July.
Deals
India not going back to 1991 crisis - PM
Prime Minister Manmohan Singh of India said the country will not replaying the crisis that occurred in 1991 even as it experiences its slowest growth in a decade.
Defined mission needed for Al Jazeera to get American Audience: experts
Experts said Al Jazeera America needs to define its mission to be able to succeed with its American audience.
Capital One buys Beech Street, now on Top 5 Multifamily Lenders
Capital One Financial Corporation on Friday entered into a deal with Fannie Mae-headed Beech Street for an undisclosed amount.
NoKor and South Korea agree on reopening of joint industrial park
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.
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Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
MediaQuest Holdings Inc bought more shares in BusinessWorld, making the PLDT Group subsidiary the majority stakeholder in the Philippine's first business newspaper.
Analysts disclosed that BlackBerry's assets could attract investors. Reports have resounded Blackberry's confirmation in contemplating alternatives to boost the company position up, including a sale of the company In connection to this, Reuters divulged an overview of BlackBerry's resources in a report that may entice investors.
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.
A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.
