Vestas Wind Systems replaced its current CEO Ditley Engel with Anders Runevad who would start his duties on September 1.

Samsung Electronics created a stir with Galaxy Gear as its unveiling draws near. Samsung Electronics Ltd is launching its new gadget, the "Galaxy Gear" smartwatch.

China's antitrust regulators placed pressure to thirty foreign firms as they seek confessions for antritrust violations on a closed-door meeting held last July 24 and 25.

Sale of existing homes in the United States increased in the month of July, suggesting housing market recovery.

Microsoft launched "Bing for Schools" project to aggressively promote own products. Microsoft Corp launched Wednesday its "Bing for Schools" program.

Abbott completed its purchase of IDEV Technologies Inc for USD 310 million. Global healthcare company Abbott announced the completion of its purchase of IDEV Technologies from RiverVest Venture Partners.

Cloud solutions provider Ajubeo said it received additional investment from Colorado private equity firm Grey Mountain Partners.

Texas-based startup media analytics firm TrendKite scored USD 1.2 million in its Series A round led by Silverton Partners.

San Francisco-based mobile photo app developer PicCollage raised USD 2.3 million in seed funds. Mobile photo application developer PicCollage scored USD 2.

The Royal Bank of Canada Global Asset Management unit named Mayur Nallamala as its new Asian equities head.

Japanese group LIXIL Corp completed its purchase of ASD Americas Holdings Corp for USD 542 million.

Hong Kong Exchanges and Clearing Ltd announced London Metal Exchange Executive Martin Pratt as new CEO.

China's central bank said it would include all loans issued by trust companies in its database in an effort to curb risky lending.

Beer makers Heineken and Carlsberg said they would be looking to Asia and their new product offerings to meet their forecasted earnings this year.

Lloyds Banking Group announced its sale of Heidelberger Leben for EUR 300 million to Cinven and Hannover RE.

Canadian investment manager Brookfield Asset Management Inc was able to raise USD 1 billion for its fifth fund.

Norway said its sovereign wealth fund could now include Africa Israel Investments and its subsidiary company Danya Cebus in its investment portfolio.

Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.

JPMorgan Chase had identified possible candidates for new directors of the bank's board . JPMorgan Chase & Co is near to identifying the company's two newest directors, according to Reuters' source.

KPN said it had invited its shareholders to a meeting on October 2 to vote on the proposed sale of its German unit E-Plus to Telefonica.

African Barrick Gold named industry veteran Bradley A. Gordon as its new Chief Executive Officer. African Barrick Gold appointed Bradley A. Gordon as its new Chief Executive Officer.

A Chinese coal firm offered USD 160 million for Turquoise Hill's Inova Resources Ltd. Shanxi Donghui Coal Cooking & Chemicals Group said it would be offering USD 160 million for Inova Resources Ltd.

A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.

Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.

Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring. Eastman Kodak Co. emerged from bankruptcy court Tuesday after a judge cleared the company to begin a new chapter.

IVG Immobilien sought protection from its creditors in court in Bonn after failing to reach an agreement to refinance its debt.

BHP Billiton slow to build into expanded operations in the potash industry through delaying production at the giant deposit until at least 2020.

NYSE tapped JPMorgan & Chase Co. and Societe Generale for the IPO launch of Euronext. NYSE Euronext is the bourse operator to be acquired by Intercontinental Exchange Group Inc.

Prudential Financial Inc. hired Frank Garcia, a former property investments manager at Deutsche Bank AG.

According to the Royal Bank of Scotland, approximately USD50 billion collateralized loan obligations could be refinanced in the next two years.