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Peabody, China, Russia teams chosen in Mongolia mine bid

Mongolia chose miner Peabody Energy , a venture between China's Shenhua <1088.HK> and Japan's Mitsui & Co <8031.T>, and a Russian-led consortium as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior government source said on Monday.
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Peabody among prelim winners for Tavan Tolgoi: source

U.S. miner Peabody Energy , a venture between China's Shenhua <1088.HK> and Japan's Mitsui & Co <8031.T> and a Russian-led consortium have been picked as preliminary winners to jointly develop the prized Tavan Tolgoi coal deposit, a senior Mongolian government source said on Monday.
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China IPOs slow in H1

China's IPO market slowed by a fifth in the first half of 2011 amid a lack of mega deals that hit the market the year before, with fundraisings dominated by small businesses, a trend that analysts said could last for a few more months.
Muslim brides show their hands decorated with henna paste as they wait for the start of a mass marriage ceremony in the western Indian city of Ahmedabad March 6, 2011

Mass wedding gains popularity worldwide (PHOTOS)

Mass weddings are increasingly becoming common worldwide and sometimes are preferred over regular weddings by couples because of economic reasons, as the costs for the venue, decorations, and sometimes celebrations afterwards can be shared between multiple families.
 Samsung Galaxy S 2

Apple iPhone 5 vs. Samsung Galaxy S2 Plus, Rivalry escalates

The heat is building between Apple and Samsung as issues over patent infringement filed lawsuits and accusations have sparked media attention between the two tech giant's escalating rivalry. Official injunctions were filed by Apple to try and block four of Samsung's mobile devices from hitting the U.S. market. The four Samsung devices listed were Galaxy S 4G smartphone, Infuse 4G smartphone, Droid Charge smartphone, and the Galaxy Tab 10.1. Apple's devices included iPhones and iPads....
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Berkshire's Munger stands behind BYD investment

Berkshire Hathaway Vice Chairman Charlie Munger on Friday stuck by Chinese auto maker BYD <1211.HK>, which has become one of Berkshire's most controversial investments amid poor performance and revelations about its business practices.
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Surging China costs turn some U.S. makers homeward

On a recent morning at Master Lock's 90-year-old factory in Milwaukee, a cluster of machinery was whirring, every 2 seconds spitting out one of the combination locks used by American high schoolers as the company readied for the back-to-school rush.
Google+ Has Privacy Advantages Over Facebook

Google+ Threatens Facebook, China and Google: True or False?

Google+, Google's ambitious project to redefine the future of social media, has created a huge buzz. Google+ has posed threat to different groups in numerous ways - it has attacked boldly on the present social network king Facebook, while China allegedly blocked the access to Google+ with its great firewall, and Google's unpreparedness to face the massive influx of traffic has forced the beta version of Google+ to close its invitation door.

Lockheed Martin Axing 1,500 Jobs Amid Looming Defense Spending Cuts

Lockheed Martin Corp. (NYSE: LMT) said it will cut about 1,500 jobs at the Aeronautics unit in a move to curb costs and offer better priced products to customers. Added to the costs, President Barack Obama's goal of reducing defense spending by $400 million is also a burden on Lockheed Martin.
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Cyber attacks outpace global response, U.S. warns

The technical sophistication of cybercriminals is swamping the world's ability to cope, a top U.S. official warned on Friday, demanding an accelerated cross-border campaign to combat the security threat.
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Macau's gaming revenue soars

Macau, the world's largest gambling market, posted an annual 52.4 percent rise in gaming revenue in June to 20.8 billion patacas ($2.6 billion), the Macau government said on Friday, signaling a ravenous gambling appetite from Chinese tourists.
World’s longest cross-sea bridge opens in China

World’s longest cross-sea bridge opens in China (PHOTOS)

The Jiaozhou Bay Bridge in Qingdao, China, which was opened on Thursday, is now the world’s longest sea bridge. Spanning Jiaozhou Bay of Qingdao City in Shandong Province, the bridge is 22 miles (36 kilometers) long, Xinhua News Agency reported.
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Lockheed's aeronautics unit to cut 1,500 jobs

The aeronautics unit of Lockheed Martin Corp, the Pentagon's No. 1 supplier by sales, said on Thursday that it plans to cut about 1,500 jobs to reduce costs in response to a flattening of U.S. defense spending.

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