Yahoo Inc named Maynard Webb as the company's chairman, as Marissa Mayer continued her efforts to turn the internet corporation around.

Analysts disclosed that BlackBerry's assets could attract investors. Reports have resounded Blackberry's confirmation in contemplating alternatives to boost the company position up, including a sale of the company In connection to this, Reuters divulged an overview of BlackBerry's resources in a report that may entice investors.

According to cyber experts at RSA, the Zeus virus, widely utilized to embezzle credit card data, was recently altered to generate fake likes in Instagram and other social media sites.

BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.

Samsung’s smart wristwatch launch next month is expected to set off new battle following wrangles with Apple Inc over smartphones and tablets.

Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.

J.C. Penney appoints new director to settle publicized clash with Bill Ackman. Reuters' early reports indicated the plans of J. C. Penney to name its new director last Monday.

AOL would lay off half of the personnel in its local news sites unit Patch as well as shutter of consolidate approximately 150 of its 900 websites.

Forrester Research Inc said concerns regarding the Prism spy project of the US National Security Agency could cost US companies USD180 million worth of business in the IT service market.

Daniel Loeb's hedge fund Third Point LLC purchased a USD113.7 million stake in Walt Disney Co. The Third Point LLC of Daniel Loeb purchased a USD113.

US District Judge William Alsup said singer songwriter Chubby Checker could sue Hewlett Packard Co for infringing his trademarked name.

Groupon stocks dropped by 4.2% to USD9.78 after Tiger Global Management LLC cut its stake in the company.

Spain may seriously consider taking their Gibraltar dispute with Britain to the United Nations for support on the issue.

A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.

Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.

Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.

Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.

Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.

The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.

Porsche faces court battles with investors over volkswagen AG. Porsche SE continues to face new legal battles against investors over their aborted purchase of Volkswagen AG.

Coca Cola introduces Huba, its new herbal tea drink, in its Thailand market. Coca Cola initially launched in Thailand its new herbal tea drink, Habu.

Bank of America will dissolve Merrill Lynch & Co. but will continue to keep name. Four years after it was acquired by Bank of America Corp. , Merrill Lynch & Co.

Bank of America Corp reported about USD1.5 billion were added by investors into funds that purchase leveraged loans in the U.S.

Goldman is reportedly leading in the race with Morgan Stanley to acquire largest share of Huarong's stock sale.

Swire Pacific chairman Christopher Pratt, retires and is replaced former Cathay Pacific chief executive officer.

ParknShop, the biggest supermarket chain in China received bids from companies such as Woolworths, KKR and other investors.

Marriott planned to sell its three Edition hotels in London, South Florida and Manhattan upon completion of their construction.

Wells Fargo and Co agrees to buy ING Real Estate Finance debt worth US$1.6 billion. Wells and Fargo Co agreed to purchase the twenty-nine loans incurred by ING Real Estate Finance debt.

The European commission seek to prove that the Belgian aid to Wallonia airports was illegal. The European Commission (EU) called for an investigation into the Belgian aid for several airports in the Wallonia region.

Watami Japanese chain of restaurants reveals plan to construct solar stations for Hokkaido. Watami Co (Watami) has announced that it will be building a solar station with Community Wind Power in Hokkaido, a northern island in Japan.