Aside from weeks without basic utilities and supplies, the damage caused by the Colorado flashfloods may well reach over USD1 billion.
Regions
Former Lehman Brothers employees help wind down bank's business
Tom Bolland, current COO of Lehman is helping wind down the bank's business. Tom Bolland, current chief operating officer of Lehman Brothers International Europe, is under the employ of Tony Lomas, joint administrator and PriceWaterhouseCoopers Partner, is providing assistance as the bank winds down its business and maximizes its recoverable assets.
World Bank President confident of China meeting growth targets
Jim Yong Kim, World Bank Group President, says that there is still risk present even as China reaches and surpasses its 2013 growth target.
China to invest in local projects to lessen dependence on foreign gas and oil
China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.
Lufthansa CEO set to be next Roche Chairman
Christoph Franz, the CEO and Chairman of Roche Pharmaceuticals, is discussing an exit plan with Deutsche Lufthansa as he is set to become the new Chairman of Roche.
Latest News
After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.
In the fifth year after the so-called 'Great Recession', Obama highlights the gains made by the US economy as a better capitalized and better regulated economy.
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.
Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.
Miley Cyrus latest hit "Wrecking Ball" was predicted to hit the no.1 spot in Billboard Hot 100 next week, according to the Huffingtonpost.com.
US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.
The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
