In the fifth year after the so-called 'Great Recession', Obama highlights the gains made by the US economy as a better capitalized and better regulated economy.

West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.

Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.

The Unifor union and GM Co. was able to meet and agree on the new collective bargain agreement. A tentative settlement on a new collective agreement between General Motors Co and Canda's Unifor union was reached to cover employee benefits for GM's CAMI assembly plant located in Ontario, Canada.

Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.

Credit Suisse AG is to sell of its German subsidiary according to a German paper. In a report from German weekly WirtschaftsWoche, Credit Suisse is intending to sell the private client's business of its German subsidiary Credit Suisse Deutschland AG.

Despite an European Council legal opinion, the EU maintains that the financial transaction tax issue is a misunderstanding.

The Apple iPhone 5C and 5S with its new technology stands to create more business for eBay, Discovery and Intuit.

The use of the JOBS Act for the Twitter IPO a concern for investors. The main question would be, how much is Twitter really worth? The microblogging site has over 200 million active users and has been instrumental in the Arab Spring protests two years ago.

According to Thomas Jordan, Swiss National Bank Chairman, said there is a lot that needs to be done before banks can avoid harming the general economy.

The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.

DirecTV appoints Anthony Vinciquerra to its board of directors. DirecTV, in an announcement, appointed Anthony Vinciquerra to its board of directors. In another move, the largest satellite television provider in the United States also added another former executive from the Fox TV Networks to the board.

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

OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.

Petrobras, in a campaign to raise funds for its pre-salt mine exploration, had sold some of its stakes and pipelines in Colombia.

The second largest oil producer in Qatar, Occidental Petroleum Corp, is offering a minority share in its Middle Eastern operations.

The JOBS Act is what made Twitter's IPO secretive and relatively inexpensive. Twitter is taking a different path en route to its IPO. This may become the path that many others after it would follow, especially in this day and age of excessive sharing through social media.

The trend now with interested buyers of Blackberry is to carve up the smartphone maker instead of purchasing it lock , stock and barrel.

Azul CEO David Neeleman would be pushing through with an IPO after it cancelled its scheduled IPO last August because of unfavorable market conditions.

ThyssenKrupp AG is reconsidering the sale of its Steel Americas unit, selling off only its US operations.

Many lessons can be learned from the IPOs of other social media outlets as IPO would be conducting its own soon.

Alongside its iPhone app launch, Sportslobster receives another USD1 million. Sportslobster. com, the sports social network, had announced the receipt of a further USD1 million funding alongside its September 2013 iPhone app launch.

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

Salus Capital Partners provided Dots, the fashion apparel retailer, a USD51 million refinancing package through a senior secured credit facility with a term loan.

KKR, the buyout firm, sold off its 11% shareholdings in Danish telecommunications firm TDC to institutional investors.

Solaire Casino Resort, which is owned by Bloomberry Resorts Corp, had terminated the management services agreement over the casino with Global Gaming Asset Management LLC.

Indian banks are seeking to set up shop in Mauritius in order to gain from possible business the African continent would provide.

Saudi Telecom, whose goal is to repay a USD1.2 billion debt, is planning to sell off its subsidiary to raise the funds.

According to Bechtel EAME President David Welch, the growing business in the Gulf region required the opening of a new office.

Virgin Mobile Middle East and Africa had introduced new telecom services in Malaysia. Virtual telecommunication services in Malaysia was recently launched by Virgin Mobile Middle East & Africa in partnership with the Southeast Asian countries fourth largest telecoms operator U Mobile.