L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
Industry
Corruption trial showcases pervasive corruption in China
The corruption trial of former politician Bo Xilai showcased the extent and pervasiveness of corruption in China.
Two incidents show vulnerabilities of American trade markets
The recent NASDAQ shutdown showed to all the vulnerabilities of the US Stock Market. The recent technological breakdowns have exhibited the vulnerability of the US stock market to these kinds of issues and glitches.
Ichiro's 4000th hit lone bright spot in bleak season
Ichiro Suzuki hits record 4000 base hits, a bright spot amidst controversy and suspensions. Last Wednesday, Ichiro Suzuki carved his name into the record books of basebal by hitting his 4,000th career hit.
Hero keeps gunman calm, saves school
The peaceful resolution to the stand off at a Decatur, GA school was attributed to Antoinette Tuff. In the most tense moments at McNair Discovery Learning Academy in the past few hours, Antoinette Tuff acted as the messenger and go between for gun toting Michael Brandon Hill and police authorities.
Latest News
Today, Unite US said that it had raised USD2 million in seed funding and plans to launch publicly this fall.
After Everbright Securities Co. made erroneous buy orders of CNY23.4 billion last August 16, the state-backed firm suspended the head of its proprietary trading division.
Sale of existing homes in the United States increased in the month of July, suggesting housing market recovery.
Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.
A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.
Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.
Vietnam announced plan to ban free chat applications to protect network providers in the country. The Vietnam government proposed a possible prohibition of free Internet chat applications.
Everbright Securities Co. faced a three month restriction on joining any property trading after it erroneously priced government bonds worth CNY10 million.
Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
