Reuters reported that China's private businesses could experience succession problem in the next few years.
Investors
Industry analysts expect high car sales for July
Analysts in the car industry said they are expecting high car sales for July. As the car industry awaits the sales reports of automakers, analysts said they are expecting a 14% to 16% rise in automobile sales for July.
Saudi king initiates mega investments
King Abdullah bin Abdul Aziz of Saudi Arabia launched mega investments to create jobs. King Abdullah bin Abdul Aziz of Saudi Arabia launched different development projects amounting to SR327 billion or US$81 billion on Thursday.
Private investments spares Ellis Medicine from negative profit
Ellis Medicine barely passed the positive net income mark in its midyear performance report due to investment income.
Federal Reserve gives no hints of bond buying reductions, describes US economic growth as "modest"
The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
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IP Global and the DeVere Group announced the formation of a landmark global partnership. IP Global and the DeVere Group announced the formation of a landmark global partnership.
Chinese regulators urged local importers of Fonterra's products to recall their contaminated items after the dairy maker warned some infant milk and food products contained botulism-causing bacteria.
The New York Times Co announced that it has agreed to sell the Boston Globe newspaper to John Henry.
The City of Richmond filed a lawsuit against Chevron Corp over a refinery fire that occurred last year.
San Francisco District judge denies class action certification by women filing case against Wal-Mart
San Francisco U.S. District Judge Charles Breyer rejected a motion filed by women workers of Wal-Mart's California offices as a class action lawsuit.
Cisco would purchase Sourcefire for US$2.7 billion and pay US$76 in cash for each share. Cisco Systems recently announced its plan to purchase Sourcefire for US$2.
According to sources, Compuware revamped its efforts to sell itself by looking for new buyout firms.
MidAmerican Energy Holdings Co is set to issue US$5.6 billion worth of securities to investors. MidAmerican Energy Holdings Co announced that they plan to issue an estimated US$5.
North Carolina based Telecommunications equipment maker, CommScope Holdings Co announced that they have filed the necessary documentations for an initial public offering.
