Generali Chairman Gabriele Galateri said that it had planned to exit the company through a stake sale unless it comes up with a convincing business plan.

Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.

European leaders had found a place to breathe their economic struggles in the G20 summit where the region's debt crisis had been on the top agenda.

Detroit attorneys filed their case in the US Bankruptcy Court in Detroit last Friday for the city's request for bankruptcy protection.

The 53 year old American Actor Dough Hutchison was reported to be "freaking out" after his teenage wife became too independent from him while inside the Celebrity Big Brother house.

General Mills announced last Friday that the company had voluntarily recalled its cinnamon roll products.

Two top US Federal Reserve officials said last Wednesday that they were open-minded in implementing the proposed stimulus reduction this month.

The sale of speculative-grade bonds surged in the US this year. The sales of junk bonds in the US surged this year. Investors bought the bonds as it had been giving better returns than investment-grade securities for seven straight months.

Bloomberg Businessweek reported that the Bitcoin frenzy had reached China. Bloomberg Businesswee reported that the Bitcoin frenzy had gripped China. The world's second largest economy had become the second largest maker of Bitcoins worldwide, according to data compiled by SourceForge.

Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.

US jobs and service sector data indicated Thursday that the US Federal Reserve would be slowing its bond buying program down soon.

Fans of wearable devices said there is a huge market potential for the smartwatch. According to Reuters, a smartwatch is a device that could be revolutionary like the smartphone.

Reuters Factbox showed Microsoft's acquisitions and investments over the years had not been very lucrative for the company.

Foreign companies in China strengthened their compliance of laws as authorities continue their antitrust and corruption probes.

The USD 130 billion price tag for the recently-concluded deal between Verizon and Vodafone was agreed over an exercise session and breakfast between the firms' two CEOs.

Reuters reported that that the ruling governments of Australia and Norway would face possible defeat in polls set for this month.

Serena Williams routed Li Na to reach the US Open Finals this Sunday. Serena Williams breezed through the semifinals of this year's US Open. In the first game today, she defeated Li Na, 6-0, 6-3, despite the latter's heroic effort near the end of the match.

Good Morning America unveiled the rules for its "ROAR with Katy Perry" contest. Good Morning America announced the rules for their recently-launched "ROAR With Katy Perry" Contest on their website.

President Nursultan Nazarbayev confirmed that Kazakhstan would be inking 22 deals with China worth USD 30 billion on Saturday.

Daimler CEO Dieter Zetsche told a German newspaper that they would be constructing a new car plant in Brazil.

Bruce Bent and the Reserve Primary Fund management agreed to settle with their shareholders for USD 54.5 million.

President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.

Kazakh government sources told Reuters that the country had agreed to sell 8.33% of its stake in the Kashagan oil field to China.

Startup firm BoostCTR had announced it had raised USD8 million in Series B funding and hired a new CTO for the firm.

WestView Capital Partners had wrapped up a total of USD430 million which sources referred to as an oversubscribed fund.

Keval Shah had announced resignation from the company as its co-head of FIG syndicate and would take a post at Lloyds Bank.

Slovenia had resulted to liquidation to small banks after it had struggled to avoid an economic bailout.

Ford CEO Alan Mulally said he would remain as the company's head at least through 2014 following reports that Microsoft Corp. had recruited him.

The untimely demise of Zurich Insurance Group AG's CFO Pierre Wauthier was pushed into the spotlight after the insurer's CEO exited the company.

EU Competition Commissioner Jaoquin Almunia said that it would discuss a state bailout for Italian bank Monte dei Paschi di Siena with the country's Economy Minister on Saturday.