Reuters reported that China's private businesses could experience succession problem in the next few years.
Sectors
Private investments spares Ellis Medicine from negative profit
Ellis Medicine barely passed the positive net income mark in its midyear performance report due to investment income.
Federal Reserve gives no hints of bond buying reductions, describes US economic growth as "modest"
The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
BlackBerry's operations present strong margin of safety - analyst
Financial analyst said that BlackBerry's operations and intangibles would present a strong margin of safety for investors.
Dying rupee scares off global investors
The Indian currency continued to decline, prompting investors to shy away from investing in the country.
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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.
Chinese regulators urged local importers of Fonterra's products to recall their contaminated items after the dairy maker warned some infant milk and food products contained botulism-causing bacteria.
Apple described the US Justice Department's proposal to regulate its e-book sales as "draconian and punitive."
The New York Times Co announced that it has agreed to sell the Boston Globe newspaper to John Henry.
The City of Richmond filed a lawsuit against Chevron Corp over a refinery fire that occurred last year.
San Francisco District judge denies class action certification by women filing case against Wal-Mart
San Francisco U.S. District Judge Charles Breyer rejected a motion filed by women workers of Wal-Mart's California offices as a class action lawsuit.
CBS blocked the access of Time Warner cable's customers to online shows after the cable operator dropped it from its network.
ServiceNow's CEO said the company continued to grow because they don't have many rivals. ServiceNow continued to sparkle in Wall Street analysts' eyes following its success to maintain its status as a premier growth stock.
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.
