With the purchase of Colomer by Revlon, the growth of the beauty products industry would continue to grow.

The purchase of the Washington Post by Jeff Bezos surprised many in the industry. In a surprise move, the Washington Post Co had entered into an agreement last Monday to sell its flagship newspaper to Jeffrey Bezos of Amazon.

The cost of a mayoralty campaign now is not just about the person but also about actual funds. Disgraced New York mayoralty candidate Anthony Weiner's troubles not only continue to haunt him, but is actually taking a new life of its own.

The MLB has meted out suspensions against players that were connected to the Biogenesis clinic, who has been found to have peddled performance enhancing drugs.

Sources said the Federation of National Public Service Personnel Mutual Aid Associations in Japan is looking to consider a shift in policy that would allow them to invest more in stocks and less in government bonds.

Shanghai Tower's top beam was recently installed and now the interiors are to be completed. The tallest building in the financial district of Shanghai and all of China is nearing completion.

HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank. HSBC had reported lower than expected earnings last Monday.

Newsweek, after announcing it would end its print edition, was sold to online news giant IB Times for an undisclosed amount.

IBT Media ends weeks of speculation as it acquired Newsweek under undisclosed financial terms. In an announcement, IBT Media confirmed that it had reached a deal that acquires Newsweek from IAC/InterActiveCorp.

Samsung lost US$1 billion in market value after the US President Barack Obama vetoed the import ban on Apple's products.