investment

Twitter Raises Another $200 Million

Don't expect Twitter to be tweeting about an initial public offering any time soon. The popular online communications service has raised another $200 million so it can keep growing without Wall Street's help.

U.S. Economy Grows Slightly More Than Expected

U.S. GDP increased a revised 2.5% in the third quarter, slightly better than expected, and above the initially estimated 2.0% rate, as stronger exports, investment, and spending boosted commercial activity in the world%u2019s largest economy.

Carlos Slim Buys Stake in BlackRock

Carlos Slim, the world%u2019s richest man, bought a stake in BlackRock Inc. (BLK), the world%u2019s largest asset manager. Mexican billionaire Slim bought a stake worth less than 2% of the asset manager, Bloomberg News reported. Slim spokesman Arturo Elias did not give details on the exact size of the stake.

Volkswagen Unveils $71 Billion Investment Plan

Volkswagen (VLKAY), Europe%u2019s top carmaker, plans to invest 51.6 billion euros ($71 billion) over the next five years. The company%u2019s supervisory board approved the investments in plants, vehicles and development for the nine Volkswagen brands, Bloomberg News reported.

General Electric to Invest $2 Billion in China

General Electric, the global conglomerate whose businesses include consumer and business financing, power generation, household appliances, aircraft engines, medical imaging and media content, said it plans to invest more than $2 billion in China through 2012 in research and development, technology and financial services partnerships.

OECD Raises Second Quarter Growth Estimate

The Organization for Economic Cooperation and Development upped its estimate for second quarter economic growth among its 33 member nations on signs that investment rose. Gross domestic products in OECD countries increased by an average of 0.9% in the three months through June, the organization said, according to Bloomberg News. The OECD previously estimated second quarter growth of 0.7%.

It Could've Been You: Five Wrongly Convicted People

Some of the best reads for investors from around the Web, including posts about the market rising in spite of the Hindenburg Omen, 10 high-yield stocks and signs we're in a depression instead of a recession.

Axa Slashed Goldman Stake in the Second Quarter

Axa (AXAHY), the largest investor in Goldman Sachs (GS), cut its stake by more than 50% in the second quarter as the bank dealt with civil fraud charges and flagging business. Axa, a French insurance and wealth management company, reduced its stake in Goldman from about 5% at the start of April to 2.1% at the end of June, the Financial Times reported. That%u2019s a sell-off of more than 16 million shares.

Daily Blogwatch: The Good News About Housing

Some of the best reads for investors from around the Web, including posts about the value of the Titanic ruins, a book review of Michael Lewis's The Big Short and the good news about housing.

Blackstone to Invest in China Luxury Property Development

Blackstone Group (BX), a private equity firm, agreed to back a project to build luxury apartments in China. Blackstone entered into the agreement with Hong Kong property developer Great Eagle, The Financial Times reported without naming its sources. Great Eagle will build over 1,000 new homes in Dalian in Liaoning, a coastal city in northern China. The project will also include over 400 hotel rooms.

Romer Resigns: A Chance to Reset Economic Policy?

The departure of Christina Romer as chair of President Obama's Council of Economic Advisers ought to prompt a rethink of U.S. economic policy -- but it won't, even though Friday's jobs numbers showed tepid progress on creating jobs for the millions put out of work by the recession.

Colony Capital Group Wins Bidding for FDIC Distressed Loans

A joint venture between Tom Barrack%u2019s Colony Capital LLC and Cogsville Group LLC won the bidding for a portfolio of distressed real-estate loans auctioned off by the Federal Deposit Insurance Corporation. The two companies will purchase a 40% stake in a $1.85 billion portfolio of commercial-property loans held by now-defunct banks such as Community Bank of Nevada and New Frontier Bank, The Wall Street Journal reported. The deal, due to be announced today, is the second-largest bulk sale of commercial-property debt under a public-private partnership.

LeBron Lags Kobe, Michael in Sports Memorabilia Game

When someone recently asked basketball great Michael Jordan, arguably the greatest player in NBA history, whom he thought was better -- LeBron James or Kobe Bryant -- he blurted out "Kobe." Based on what people pay for their sports memorabilia, it appears collectors would tend to agree.

Abu Dhabi Considering Investing in BP, Crown Prince Says

Sheikh Mohammed bin Zayed Al Nahyan, crown prince of Abu Dhabi, says the emirate is considering investing in BP Plc (BP), Bloomberg News reported "We are still thinking about it," the crown prince told Bloomberg News when asked about buying a stake in the oil giant. "We have been partners with BP for years."

Why Going Private Could Be Barnes & Noble's Best Bet

With its stock plunging and the trial between key shareholder Ron Burkle and top company executives about to take place in court, signs point ever more clearly to the possibility that Barnes & Noble will go private. And that just might be the best step for the company to take.

Peugeot May Build Factory in India to Tap Growing Demand

PSA Peugeot Citroen (PEUGY), France%u2019s biggest carmaker, may build a factory in India to tap growing demand for cars in the country, Bloomberg News reported. The company may spend around 700 million euros ($881 million) on the factory in the southern state of Andhra Pradesh, Bloomberg News said without naming its sources. The factory would have the capacity to produce 100,000 cars a year.