The search for the new head of Microsoft would be a closely-watched development in the technology industry.

Brazil President Dilma Rousseff on Monday was demanding an explanation to reports of hacking by US National Security Agency (NSA) into Brazilian companies's computer networks, and also into her email messages and phone calls.

According to the Bloomberg Billionaire's Index, Ortega recently passed Buffett as the world's richest individual.

Former PNC Financial Services Group Chairman and CEO Jim Rohr had left the company to join General Electric Co. and was succeeded by Bill Demchak.

A lawyer for a JP Morgan Chase & Co. ex-employee argued with US prosecutors that his client was just following orders from his superiors in indicating prices for the "London Whale" deal.

Russian tycoon Suleiman Kerimov had been planning to sell 21.75% stake in Uralkali, held through his foundation, said reports.

Temasek Holdings appointed Dr Wu Yibing as its new co-head for China business effective October 1, 2013.

Ford Motor Co. announced naming a new US sales chief after the retirement of its current executive effective November 1.

Royal Bank of Scotland's former trader Sharlina Tsang was sentenced to 50 months of imprisonment in Hong Kong after she had pleaded guilty for fraud.

Denver Broncos' wide receiver and return specialist Wes Welker admitted dressing up as Britney Spears in an interview with NFL Total Access.