World Business News

China's Bank of Communications Co. Ltd. (BoCom), the nation's fifth largest bank, aims to raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance.

Cisco Systems is riding the wave of connected televisions with a splashy $5 billion acquisition deal for NDS Group, a privately held British TV software company.

Apple's new iPad proved to be another hot-seller on Friday, with hundreds queuing at stores across Asia to be the first to get their hands on the 4G-ready tablet computer as the company's share price hit $600 for the first time.

Britain is poised to cooperate with the United States on a release of strategic oil stocks that is expected within months, two British sources said, in a bid to prevent fuel prices choking economic growth in a U.S. election year.