Former Microsoft CEO Steve Ballmer Buys Basketball Franchise Los Angeles Clippers for Record $2bn
Clippers put up for sale after NBA banned owner Donald Sterling for life.
Malaysian Muslim Groups Call For 'Jihad' on Cadbury Amid Kraft Products Boycott
All products are doubted to have pork elements due to same production methods
Argentina to Repay $9.7bn Paris Club Overdue Loans Over Five Years
Argentina and Paris Club reached agreement to resume loan repayments.
BP Asks US Supreme Court to Halt Gulf of Mexico Oil Spill Payments
BP files petition with US Supreme Court Justice Antonin Scalia after 5th US Circuit Court of Appeals rejects its plea.
China-US Row Over Cyber Spying Boosts Mainland Tech Stocks
CSI 300 Information Technology Index in China rallies 5.5% since 19 May when US indicted five Chinese officials.
UK Retail Sector Heading Towards Sustainable Growth: CBI
CBI survey finds retail sales rising for sixth consecutive month in May.
Valeant Sweetens Allergan Offer to $49.44bn
Canadian company raised cash portion of offer but kept stock portion in tact.
EU Approves Hutchison's €780m Acquisition of O2 Ireland
British telecom major Vodafone will still retain its No. 1 position in Ireland.
MtGox Operator Tibanne to Sell Trademarked Word 'Bitcoin'
Tibanne is looking to raise about $1m from sale of bitcoin trademarks
Edward Snowden Says He Assisted NSA and CIA as Undercover Agent Overseas
Snowden refutes claims he was merely a low-level analyst at NSA.
RBS to Shrink Trading Business and Cut Hundreds of US Jobs
RBS move part of effort to reduce assets in US ahead of new Federal Reserve rules.
Bitcoin Miners in Poland Subject to 23% VAT While Selling
Taxation of bitcoin transactions varies across nations.
Cadbury Malaysia Recalls Two Chocolate Products Found to Have Traces of Pork
More than 60% of Malaysian population are Muslims who are prohibited to eat pork.
China Taking Millions of Vehicles Off Road to Tackle Air Pollution
China will eliminate six million vehicles by 2014-end, according to State Council's action plan.
China Tells Local Banks to Avoid IBM Servers as US Spying Row Escalates
IBM already suffered decline in sales due to Edward Snowden scandal.
Pfizer Formally Withdraws From AstraZeneca Takeover Attempt
As deadline for deal expires, Pfizer ends takeover bid for UK's AstraZeneca.
Apple Seeks Retrial in Latest Patent Case against Samsung to Raise Compensation
Apple also seeking to ban Samsung devices that infringe on its patents.
Bitcoin Rates Continue to Soar, Nearing $600 Mark
Opening at $570.10, bitcoin rises to as much as $589.95.
Edward Snowden Seeking Return to US: Der Spiegel
Former NSA contractor is in exile in Russia and wanted by US on espionage.
Standard Chartered to Close Swiss Subsidiary
Bank looking to sell Swiss business as part of restructuring.
Drugmakers Suffer 5% Cut in China Profit Margins Amid Crackdown
Drugmakers' profits and margins decline in China due to crackdown on corruption and price cuts.
Pfizer to Call off £69bn AstraZeneca Deal as Deadline About to End
Pfizer to formally call off AstraZeneca takeover bid as deadline set to expire.
S&P 500 Closes Above 1,900 Level for First Time on Strong US Housing Data
S&P 500 index gained 8.04 points or 0.42% to close at 1,900.53 on 23 May.
Bitcoin Set to Overtake eBay's PayPal in Transaction Volumes
Bitcoin records nearly $300m daily in transactions, just shy of PayPal's $315.3m.
Pfizer Unlikely to Raise Offer as AstraZeneca Shareholders Call For Renewed Talks
Pfizer still believes its final offer represents full value to AstraZeneca shareholders.
JD.Com's $1.78bn US IPO Largest So Far By a Chinese Firm
Alibaba is expected to beat JD.com's record in near future.
China Growth Slowdown 'Manageable' says Central Bank Chief Zhou Xiaochuan
China focuses on economic reforms and environmental protection rather than rapid growth.
HP Plans Up To 16,000 Additional Job Cuts as Quarterly Results Disappoint
Second-quarter revenues fall 1% to $27.3bn.
Indicted Hackers Targeted US Companies Having Deals With China Firms
US companies with business deals in China have been asked to be cautious in light of recent hacking revelations.
Hacker Demands Compensation in Bitcoins From US Government For Wrongful Imprisonment
Andrew Auernheimer from Arkansas is demanding more than 28,000 bitcoins, currently valued at more than $13m.
