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.

The elimination of poverty and improving incomes of the world's poorest were two of the goals of World Bank, its draft strategy paper showed.

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

Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.

BB&T Corp lost a USD 772 million tax refund case against the IRS. Financial holding firm BB&T Corp lost a USD 772 million tax shelter case with the US Internal Revenue Service (IRS).

A Reuters/Ipsos polled showed Americans still harbored grudges against Wall Street five years after the fall of Lehman Brothers.

Chinese authorities warned potential problems the Chinese banks could face if they don't beef up their capital requirements but Factbox figures from Reuters revealed a different scenario.

The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.

Crescent Real Estate Holdings sold the properties it had bought in 2009 to ride the real estate market recovery.

Long lines at Apple stores around the world signal record-breaking opening weekend sales for new iPhone handsets.

Sotheby's said it would auction Moet & Chandon Champagne back to 1914 vintage in November. The back to the 1914 vintage Moet & Chandon Champagne would be auctioned at Sotheby's on November 13.

The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.

A Reuters report revealed that new independent power supplies in Japan were giving large monopolies a run for their money.

Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.

A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.

European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.

Italian fashion house Versace announced through its CEO Gian Giacomo Ferraris that the company had been expected a final shortlist of buyers interested in the company's minority stake by mid-October.

Investors and analysts would be closely watching how many units Apple's new iPhones would sell on opening weekend.

Users take to social media to air their frustration when they failed to successfully download Apple's newest operating system, the iOS 7.

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.

Synthetic antibodies maker Indi Molecular closed its seed round with USD 1.5 million. Indi Molecular announced the close of its seed funding with USD 1.

Cybersecurity software developer FireEye Inc raised USD 304 million for its IPO. Cybersecurity firm FireEye Inc was able to raise USD 304 million for its initial public offering.

Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.

South African billionaire John Rupert bought Mystery for ZAR 40 million. A billionaire bought a bull for ZAR 40 million or USD 4. 1 million. John Rupert, the richest person in South Africa, led a group that purchased Mystery, a Cape Buffalo bull.

Sources told Bloomberg that LVMH was already nearing a stake purchase in Anderson. Sources told Bloomberg that luxury goods maker LVMH Moet Hennessy Louis Vuitton was close to buying a stake in J.

The Department of Transportation and Communications said the bidding for the PHP 17.5 billion airport project was set for November.

Global equity funds recorded the highest inflows the week before the US Federal Reserve announced its monetary policy.

Private equity firms would continue to be interested in investing in the luxury car business of China, said William Shen of Headland Capital.