Wal-Mart to cut 11,200 jobs

Wal-Mart Stores, the largest US retailer, is giving pink slips to 11,200 employees at its Sam’s Club warehouses, the company told its employees in a memo on Sunday.

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China may be in a spot over iron ore

Iron ore is one of the major reasons behind China’s economic strength. If China can't continue to build, its economy will grind to a halt—and bring a multitude of problems to the country.

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China denies attack on Google

China has ruled out any involvement in Internet attacks on the search engine giant and defended its online restrictions as lawful, even as the United States urged Beijing to investigate a computer attack against Google.

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