COMPANIES

Shaanxi Coal Industry plans an initial public offering in Shanghai to raise as much as 17.3 billion yuan ($2.7 billion) in what could be mainland China's biggest IPO this year.

Volkswagen AG (VOWG_p.DE) plans to sell more than 2 million vehicles this year in China, its single biggest market, it said on Friday after celebrating the 20th anniversary of the founding of a joint venture with China's First Automotive Works (FAW).

China's Lion Fund Management Co will launch next week the country's first mutual fund that invests in overseas oil and gas-related assets, as Chinese money managers step up innovation to woo investors haunted by inflation concerns.

China COSCO Holdings said on Friday that vessel seizures during contract disputes are common as it is embroiled in disagreements with several shipowners over payments.

XCMG Construction Machinery Co Ltd (000425.SZ) is slated to start pre-marketing on September 5 for an up to $1.5 billion planned share listing in Hong Kong, IFR reported on Friday.

U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth.

The struggling U.S. economy expanded even more slowly than previously thought in the second quarter of 2011, but a breakdown of the growth suggested a new recession could be avoided.

Steve Jobs announced his resignation from Apple on Aug. 24. Tim Cook, who was the company's Chief Operating Officer and had been assuming Jobs' role in his absence, has been handed over the reins.

The news Apple's Steve Jobs Resigns this week caused many to ponder if the high-flying tech company will ever be the same. So far, the company's stock hasn't taken a downward hit after Wednesday's news, but one only need to look at another legendary leader and company example for the answer. It's likely that Steve Jobs was to Apple what Sam Walton was to Wal-Mart. Both were company founders with product impact on company cultures. Both, also, were unique leaders, who perha...

Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.

The U.S. wealth management industry is shrinking, losing legions of advisers, just as demand for their services is on the rise.

New York City residents who live in low-lying areas should voluntarily start moving out on Friday, before Hurricane Irene is expected to hit, Mayor Michael Bloomberg said on Thursday.

Groupon Inc. CEO Andrew Mason, lashing out at what he called insane and hilarious criticism in the media, defended the daily-deals Web site's record and growth strategy in a lengthy memo to employees Thursday.

Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.

Apple Inc (AAPL.O) began a new era on Thursday without Steve Jobs as chief executive, a momentous shift that surprised investors, but barely dented confidence in the near-term outlook for the stock.

The Wonder Years might not be turning out so wonderfully at all. At least for one former executive overseeing the show.

Yahoo, Google, Amazon and Dish have bid or are about to bid on the video streaming site, Hulu, according to an individual with knowledge of the auction.

Groupon Inc CEO Andrew Mason, lashing out at what he called insane and hilarious criticism in the media, defended the daily-deals website's record and growth strategy in a lengthy memo to employees on Thursday.

Steve Jobs on Wednesday resigned as chief executive of Apple, marking an end to his 14-year reign at the consumer electronics giant he co-founded in a garage.

Gordy-Edwards helped Stevie Wonder, Marvin Gaye

Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.

China's telecom giants are building up a war-chest of patents to help give them an edge in the legal battles raging between the world's smartphone makers, aided by Beijing's push to transform the country from workshop to innovator.

China's planned deregulation in October of its fund distribution business has drawn interest from both independent advisers and locally-incorporated foreign banks, as they eye a slice of the market dominated by Chinese banks.

Chemical firms using natural gas as feedstock in southwestern Chinese provinces were facing mounting risks to scale down and even close operations due to gas shortages and rising gas prices, an industry newspaper reported on Thursday.

China home grown sport brand Li Ning Co Ltd. , which posted a 50 percent fall in its first half profit, said the operating environment is expected to remain challenging on intensifying competition among brands and escalating cost.

China's main state-owned companies will double their investments in the restless far western region of Xinjiang over the next five years to 991.6 billion yuan ($155 billion), a major Chinese newspaper reported on Thursday.

For today only, Aug. 25, Redbook is offering a free one-night DVD movie rental in honor of America's Movie Night.

Steve Jobs announced on Wednesday that he could no longer be chief executive of the company he co-founded.

Apple CEO, Steve Jobs, deemed irreplaceable by millions of fans of the operating system, Wednesday announced his resignation after signs of poor health approached.