According to reports in the Chinese press, it has been revealed that Facebook Inc. has signed the deal with the Baidu Inc., the biggest Chinese search engine, to open up a social networking site in China. The site will not include the blocked Facebook in China, but a new social networking site.

A whopping £88 million have been offered to the Pinewood Shepperton by the property giant Peel Holdings for acquisition.

It is the same group that that is responsible for the development of the MediaCityUK, and is one of the most prominent and diversified real estate, transport, and infrastructure companies situated in the United Kingdom.

It is expected that the Daily Mail and the Daily Express will be merging soon. They are in the middle of the discussions for a merger. If things go as planned by both the organizations there is a possibility of a tabloid tie-up.

BP has agreed to sell its Arco Aluminium unit to a Japanese consortium for $680 million. The Japanese consortium is constituted of five Japanese companies.

In a breakthrough business deal, the bosses at the Solvay have finally confirmed their decisions for the purchase of their French rival Rhodia.

The Belgian chemical company has bid for the French firm Rhodia for cash worth 3.4 billion euro that is near to $4.8 billion.

Anheuser Busch-InBev purchased Goose Island Beer Co. for around $38.8 million last week. This has been the highest sale price of a craft brewer till date.

Goose Island is very popular and is widely known for its flagships like 312 Urban Ale, Honkers Ale, and Matilda. They have also publicized for Bourbon County Scout.

As Eric Schmidt stops, Larry Page, the co-founder of Google have become the new CEO.

Google co-founder Larry Page is now formally the chief executive of this search engine giant. This has already been announced on Jan 20, 2011.

Eric Schmidt, who was previously the Chief Executive, will now be Executive Chairman, while Sergey Brin would be still recognized as the co-founder.

ABB Group, the leading power and automation technology group has signed an agreement for office space in HQ which is a part of world-class portfolio of commercial properties managed by Aldar. The move is aimed to strengthen its position and push growth by tapping opportunities present in the local market.

In a major buyout, Berkshire Hathaway Inc agreed to buy chemical and lubricant maker Lubrizol Corp for $9 billion in cash.

Qatar, the natural gas-rich Middle Eastern state which has stakes in Barclays as well as Sainsbury's, might invest in Lloyds and Royal Bank of Scotland, the banking groups part-nationalized at the peak of the financial problems.