Dan Dees, co-head for investments banking for Goldman Sachs Asia, would be assuming a global role for the bank in the next few months.

Discussions for the formation of a grand coalition government in Germany had already begun. Talks had begun in Germany for a grand coalition government to be put in place by Christmas.

Art aficionados would have a chance to acquire a piece of SAC Capital Advisors owner and billionaire Steven Cohen to be sold next week at auction houses Sotheby's and Christie's.

A new financial advisory services firm in London had been formed by three former bankers who had successful careers in mergers and acquisitions.

Warren Buffett wants more liquidity in assets to have cash when there is fear in the market. Experts said that financial investor Warren Buffett is not investing his cash pile fast enough, according to a report by Bloomberg.

A Bloomberg report said Berkshire Hathaway Inc might be making more strategic acquisitions in the near future.

Tara Poseley of Kmart hired as new chief product officer of Lululemon. An executive from Kmart, the leading US discount chain, has been hired to lead the global merchandise and design team at Lululemon Athletica Inc.

Richard Usher put on leave, Citi's chief Roham Ramchandani follows. Richard Usher, the chief currency dealer in JP Morgan in London, has been put on leave.

Jason Armstrong, lead analyst of Goldman Sachs, will work at Comcast to head investor relations. Goldman Sachs Group Inc. veteran Jason Armstrong is said to be leaving and would become Comcast Corp.

CEO Jeremy Levin resigns from Teva, but board is confident they will find a permanent replacement. Jeremy Levin, chief executive officer of Teva Pharmaceutical Industries, would be stepping down effective immediately, according to a report by Reuters.