A business magazine reported that Gerhard Cromme would leave the board of Axel Springer to concentrate on his role at Siemens.
Investors
Oracle Team USA keeps America's Cup victory in sight
The Oracle Team USA funded by billionaire Larry Ellison remained in the running for America's Cup after Team New Zealand failed to win the Cup on Friday.
BlackBerry taking the Palm route
With eerie similarities, BlackBerry is replicating the route taken by Palm Inc. into oblivion. The recent announcements for Canadian smartphone maker Blackberry are short of appalling, It had said it had a 40% decline in sales and had announced job cuts to a third of its current workforce.
India plastics duties on imported materials sought revised
Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.
India's rule on new airlines may be modified soon
The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.
Latest News
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
BB&T Corp lost a USD 772 million tax refund case against the IRS. Financial holding firm BB&T Corp lost a USD 772 million tax shelter case with the US Internal Revenue Service (IRS).
A Reuters/Ipsos polled showed Americans still harbored grudges against Wall Street five years after the fall of Lehman Brothers.
Chinese authorities warned potential problems the Chinese banks could face if they don't beef up their capital requirements but Factbox figures from Reuters revealed a different scenario.
The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.
Crescent Real Estate Holdings sold the properties it had bought in 2009 to ride the real estate market recovery.
Long lines at Apple stores around the world signal record-breaking opening weekend sales for new iPhone handsets.
Sotheby's said it would auction Moet & Chandon Champagne back to 1914 vintage in November. The back to the 1914 vintage Moet & Chandon Champagne would be auctioned at Sotheby's on November 13.
The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.
