IBT Staff Reporter

Istithmar PJSC, the international investment house based in the United Arab Emirates, Thursday announced an investment of US $100 million in a new financial services firm headed by Joseph Perella, a reputed former Morgan Stanley investment banker.

It's every entrepreneur's dream to build a business out of nothing and make a fortune by selling it or floating it on the stock market. But what do you do if the new owners make a mess of it?

If you used an interest-only or so-called option mortgage to stretch into an unaffordable house in the last year or two, you could be facing some dark times.

The next-generation DVD format war limps on in the coming weeks as Blu-ray - one of two formats vying to become the high-definition standard - officially launches its first player and titles.

FIFA will not consider using video evidence or other goal-line technology to determine if a goal has been scored until it is 100 percent reliable, spokesman Markus Siegler said on Monday.

A standard-setting organization has put on hold its review of an advanced wireless technology favored by Qualcomm Inc. due to a squabble involving Intel Corp., The Wall Street Journal reported on Monday.

Switzerland's Nestle bought U.S. weight-loss company Jenny Craig for around $600 million, it said on Monday, expanding its high-margin nutrition and health business.

It's business as usual in New York's banks and brokerages where a muted response to the World Cup has allowed companies to turn a blind eye to staff watching soccer matches at their desks or on trading floors.

If bulls have their way next week, U.S. stocks could extend the rebound that has some on Wall Street hoping the worst is over after a month-long sell-off.

It was a mixed week as another rate hike became certain

Frequent readers of newspaper Web sites are more likely to make online purchases than other Internet users, according to a study released on Friday by the Newspaper Association of America.Frequent readers of newspaper Web sites are more likely to make online purchases than other Internet users, according to a study released on Friday by the Newspaper Association of America.

testSouth Korea, home to the world's most sophisticated online games, is preparing an assault on North America, Japan and Europe, setting the stage for an international scrum in an industry poised to nearly triple in value in the coming years.

If you used an interest-only or so-called option mortgage to stretch into an unaffordable house in the last year or two, you could be facing some dark times.

NYSE Group Inc. Chief Executive John Thain said on Friday that Deutsche Boerse could not compete strategically or financially for Euronext, the Paris-based exchange the NYSE has struck an agreement to buy.

U.S. stocks slid on Friday after another warning from a Federal Reserve official about inflation, giving investors more reason to think the Fed will keep raising interest rates.

Workers angered by General Motors' plan to shut down an assembly plant in Portugal will stage protests starting next week at GM factories in Germany and Spain, a labor source told Reuters on Friday.

Asian markets rallied for a second day Friday, recovering from a plunge Tuesday that sent stocks in the region to their lowest levels in months.

DuPont Co., the second largest U.S. chemicals maker, said its strong double-digit revenue growth in China would accelerate while it increased investment and manpower in its fastest growing market.

The Canadian dollar fell hard against the the U.S. dollar on Friday after China's central bank decided to increase its reserve requirement, which triggered concerns about future demand for commodities.

We now live in a fully global society where it is imperative to have an awareness of cultural differences as they relate to networking etiquette. We often notice differences within our own states. Certainly between regions of the nation; but what about businesses that are networking with businesses in other parts of the world? We actually cross cultures with every person we meet.

Toyota Motor Corp. will double Camry sedan production capacity at its joint venture with China in the province of Guangzhou to 200,000 units by the end of this year, according to Reuters.

EADS co-chief executive Noel Forgeard said on Friday he first knew in April of potential production problems on the Airbus A380 but there was no reason at the time to think the planemaker could not resolve them.

U.S. inflation developments bear watching, but the impact of high energy costs on other prices has been limited and the economy will adjust over time, Federal Reserve Chairman Ben Bernanke declared on Thursday.

The U.S. workforce is in shape to benefit from globalization and from increased specialization that is boosting productivity, Federal Reserve Governor Donald Kohn said on Thursday.

A global sell-off in stocks that started in May is not over and may only be just starting, Abhijit Chakrabortti, global equity strategist at JPMorgan Chase & Co., said on Tuesday.

The month-long slide in global stocks has wiped out at least $2 trillion in wealth, leaving investors few alternatives to preserve their holdings aside from bonds and money markets.

A group including Goldman Sachs agreed to buy Associated British Ports, Britain's largest ports group, for 2.5 billion pounds ($4.6 billion) on Wednesday, the latest in a string of UK port takeovers.

The first working model of a $100 laptop aimed at providing mobile computing to under privileged children made its debut on Friday at the Massachusetts Innovation & Technology Exchange (MITX) in Boston.

Union workers at Bell Helicopter Textron Inc. voted on Sunday to reject a proposed contract that the company said was its best offer.