Despite a splashy, star-studded coming out party in June and funding from celebrities and big name venture capital firms, the video chat start-up Airtime appears to be struggling, based on information published in The New York Times today. "So far its traffic appears to be little more than a trickle," reporter Jenna Wortham wrote.

Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.

Watch out Amazon and Tmall! Starting today, China's largest online retailer, 360buy.com, is launching its international shopping site to sell directly to overseas buyers, Reuters reported.

Goldman Sachs reported a strong third quarter this year, more than doubling its revenue to $8.35 billion, from $3.59 billion last year, exceeding the expectations of Wall Street analysts, The New York Times reported Wednesday.

New home construction in the U.S. jumped in September to its highest level in four years, reported Bloomberg Businessweek, based on Commerce Department data released Wednesday.

In a 35-page complaint filed by the Securities and Exchange Commission on Wednesday, the agency accuses Jersey City, N.J.-based hedge fund Yorkville Advisors of misrepresenting the value of its assets and lying about performance, The New York Times reported.

Citigroup Inc. announced on Tuesday that CEO Vikram Pandit, 55, who has held the post since the eve of the financial crisis in 2008, is stepping down.

After months of negotiations, Australia's Nine Entertainment television network, one of the country's biggest and best known, has agreed to swap more than $3 billion in debt for equity, Reuters reported Wednesday.

The rumored Apple media event scheduled for Oct. 23 is real, according to a Reuters report today. Although an Apple spokeswoman is still being tight-lipped about the agenda, the expectation is that the event will launch, or at least confirm, the existence of a smaller, less expensive version of the iPad.

Carlyle is planning the acquisition of a regional franchise as a tuck-in, or bolt-on acquisition for its Alamar food business in Saudi Arabia, which it bought a 43 percent stake in in December, and it is currently in the due diligence phase.