China's Super Rich Flock Into U.S. Property Market

A young Chinese couple threw $34.5 million into a luxury mansion in Hollywood, making themselves a new neighbor of David Beckham, Jennifer Lopez and George Clooney.

News of the purchase sparked a flurry of speculation on the Internet that the young millionaire could be the son of Ning Gaoning, the former chairman of a state-owned Chinese conglomerate COFCO, as Ning is an uncommon family name among China’s bigwigs.

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CNOOC to buy Nexen for $15.1 billion in China's largest foreign deal

State-controlled CNOOC Ltd launched China's richest foreign takeover bid yet on Monday by agreeing to buy Canadian oil producer Nexen Inc for $15.1 billion, forcing Ottawa to decide whether security concerns outweigh its desire for foreign investment in its energy resources.

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Giffords to Finish Meeting Halted by Attack

Rep. Gabrielle Giffords is finishing the meet-and-greet political event Monday that erupted in a deadly shooting spree a year ago...

Source: www.abcnews.go.com

Slicing Costs, and Still Serving

Kept open by bankrupt chains, zombie restaurants make just enough to cover basic costs..

Source: www.nytimes.com

STUDY: People more likely to lie when texting

A new paper to be published next year in the Journal of Business Ethics finds that people are more likely to lie via text compared to face-to-face communications..

Source: http://latimesblogs.latimes.com

Sheen Sues Warner Bros. & Lorre for $100 Million

Charlie Sheen has just filed a lawsuit against Warner Bros. and Chuck Lorre, and he's not only demanding he get paid for the 8 scrapped "Two and a Half Men" episodes..

Source: www.tmz.com