Wahaha is the name of China's third largest beverage company — it sells soda, juice and other bottled drinks. The name means laughing children. Zong Qing Hou is now the richest man in China, according to Bloomberg's billionaire's index. He founded Wahaha 25 years ago, with a $22,000 loan.
The new Amazon Kindles are faster, less expensive and are aimed squarely at the youngest members of a family. The least expensive model will sell for $69. The Kindle Fire comes with parental controls For instance, you can set a time limit on games or movies but let your kids read as much as they want.
The Standard & Poor's 500-stock index rose to levels it hasn't hit in more than four years today, bolstered by the European Central Bank's plan to buy bonds of struggling countries to help support the euro. Strong U.S. jobs data also contributed to the gains.
As Europe's Central Bank announced the latest plan to deal with the Continent's debt crisis, markets on both sides of the Atlantic rallied. Now investors are turning their focus to Friday's U.S. unemployment report, searching for signs that the job market is strengthening.
German beer drinkers are eagerly awaiting Sept. 22, when the first Oktoberfest beer barrel will be tapped in Munich. But when that happens, they might want to drink up — because the city's brewers are worried they won't be able to supply enough beer for the two-week party that will follow.
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