US President Barack Obama said he would not raise the country's debt ceiling nor would he negotiate with congressional Republicans to give in their attempt to decrease funding for Obama's healthcare law.

The US and Brazil ties were foiled again after Brazil President Dilma Reousseff retaliated over reports that the US National Security Agency had spied on her top aides along with her private communications.

The Oracle Team USA funded by billionaire Larry Ellison remained in the running for America's Cup after Team New Zealand failed to win the Cup on Friday.

European policymakers were in for disappointment no matter what the outcome of the election would be, a Reuters analysis showed.

A business magazine reported that Gerhard Cromme would leave the board of Axel Springer to concentrate on his role at Siemens.

Germany's new leaders after its recent elections would reflect the future of not only the country but of the EU as well.

The latest German elections predicts a win for Chancellor Merkel with a slim margin. German Chancellor Angela Merkel, according to pollwatchers, would most likely win but had to fight to the last vote to keep her majority in the German parliamentary elections.

Joy Covey, Amazon's former CFO, has passed away. The former Chief Financial Officer of Amazon was killed while riding her bicycle on Wednesday afternoon.

Venture capitalists mourned the death of colleague Joy Covey, first CFO of Amazon. Venture capitalists remember Joy Covey as woman who steered Amazon through its toddler years.

Ballmer made an impassioned plea to investors of Microsoft stock as well as took stock of his work as CEO of Microsoft.