John Henry, owner of the Boston Red Sox, has purchased another Boston icon, the Boston Globe. The principal owner of the fabled Boston Red Sox, business tycoon John Henry, had entered into an agreement to purchase The Boston Globe for the price tag of US$70 million.

After fearing US sanctions, Pakistan decided to ask Iran's government to finance a USD8.1 billion gas pipeline project.

The Florida Office of Financial Regulation closed down the First Community Bank of Southwest Florida in Fort Myers.

Barron's said the second quarter of 2013 is the golden era for IPOs. The second quarter of 2013 showed a lot of companies presented their initial public offerings (IPO).

Luxury wine brands said they will be investing in China. Big names in the wine industry such as Chateau Lafite-Rothschild and Dom Perignon announced today that they will pursue investments in China's rural areas.

Analysts in the car industry said they are expecting high car sales for July. As the car industry awaits the sales reports of automakers, analysts said they are expecting a 14% to 16% rise in automobile sales for July.

The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.

IP Global and the DeVere Group announced the formation of a landmark global partnership. IP Global and the DeVere Group announced the formation of a landmark global partnership.

The New York Times Co announced that it has agreed to sell the Boston Globe newspaper to John Henry.

Cisco would purchase Sourcefire for US$2.7 billion and pay US$76 in cash for each share. Cisco Systems recently announced its plan to purchase Sourcefire for US$2.