Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
Investors
ALECO's only bidder is San Miguel Energy Corp, Aboitiz Energy and Manila Electric backs out
A unit of San Miguel Corp remained the only bidder for ALECO after Aboitiz Energy and Manila Electric backed out.
Japan's Brother invests in the Philippines
Japanese printer maker Brother Industries opened a new manufacturing plant in the Philippines. Brother Industries, a printer maker based in Japan, opened a new manufacturing facility in the First Philippine Industrial Park in Batangas.
California's "bottle the sunlight" initiative attracts venture capitalists
California's legislation to "bottle the sunlight" attracted venture capitalists and other major companies in an energy race to 2020.
Space and the Perseid Meteor Shower
The Perseid meteor shower's annual show is set to occur in the next few weeks. The annual Perseid meteor shower would be occurring tonight. Around this time each year, the Earth would be passing through the intergalactic orbit of a comet named Swift Tuttle.
Latest News
Pioneer oil driller Chesapeake Energy decided to just drop their claims of retaining land leases after two years of legal battle with landowners.
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Shares of Sony Corp fell 3% after it said no to the proposal of Daniel Loeb to sell one-fifth of its entertainment business.
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.
MorphoSys announced that Celgene will be acquiring a 3.4% equity stake capital in their company through a capital increase.
The reported collaboration between BlackBerry and Silver Lake Partners could help each other grow their individual market share.
