The US government acknowledged the existence of the aviation test site Area 51 after decades of utmost secrecy about the place.
Sectors
Obama reopens issue on housing reforms
Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms. US President Barack Obama recently revisited the issue on the need for major reforms on the housing market policies.
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.
Cisco forecasts modest revenue growth after job cuts
Technology infrastructure maker Cisco announced modest revenue growth for this quarter even as it cut its workforce to reduce costs.
Latest News
A Gotland District Court Judge ruled to convict an 18 year old male for sending a friend request in social networking site Facebook.
Greece's economy still critical despite slight improvement. Greece's economic recession was marginally reduced in the second quarter of this year when the economy shrank at only 4.
The Public Company Accounting Oversight Board gave a new proposal allowing auditors to give their commentary on "critical audit matters" in their audit reports.
The Procter & Gamble Company voluntarily recalled some lots of its Eukanuba and Iams dog and cat foods for possible Salmonella contamination.
A Florida federal judge dismissed the lawsuit against the US Securities and Exchange Commission for its alleged failure to report Allen Stanford's Ponzi scheme to Securities Investor Protection Corp.
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.
BlackBerry CEO Thorsten Heins would make USD55.6 million if he sells the corporation and is ousted from his position.
Greece's economic growth rates continues to slow down despite bailouts. In its sixth uninterrupted year of recession,Greece is still far from recuperating from an economic slump .
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
