With Congress working feverishly, the current budget impasse and the debt ceiling may become an economic superstorm.

Alitalia remains operational because of capital infusion from Il Poste and Italian banks. Poste's investment in Italia is a move to allow the airline to keep operating and keep itself searching for foreign partners without denigrating itself.

Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.

Discussions between US President Barack Obama and House Speaker John Boehner to finish the budget gridlock besetting the US government.

The US is the next frontier for ZTE, as it partners with the NBA's Houston Rockets. The third largest smartphone seller in China, ZTE Corp, had laid out plan to become the one of the top three handset companies in the the next three years.

Facebook Inc's investors including the social media company director Peter Thiel were not confident about the company's performance post-IPO.

Hulu is set to name Mike Hopkins as its new CEO to replace Andy Forssell, who took over from Jason Kilar.

Bank of Canada Governor Stephen Poloz expressed disappointment as to the country's economic performance despite signs of regained momentum.

Differing opinions met the new guidelines on Indian mergers and acquisitions in the telecommunications industry.

Jitendra Bhargava details the corruption and the mismanagement that led to the collapse of Air India.