Bear Stearns, the troubled US investment bank may soon find the People’s Republic of China among its key shareholders. According to Dow Jones Newswires, Jiang Dingzhi, vice chairman China Banking Regulatory Commission confirmed reports of China Citic Bank holding preliminary discussion with Bear Stearns for a stake in the Wall Street firm. China Citic Bank is a division of China Citic Group, an investment arm of the Chinese government. Bear Stearns’s Tokyo spokesperson refused to comment on the story. more ›

star Adrian Grenier, who misses NYC public transportation when he's working in LA. They also reported on NYU students protesting a band whose name is also known as a slur, the new graffiti king in town, Bill Cosby's adorable dog, and the disturbing tale of a yoga instructor who was found guilty of killing his girlfriend, a dancer from Ohio who stripped to make ends meet. more ›

When the US State Department’s purchase of 16,000 desktop PCs from Chinese manufacturer Lenovo ran into a chorus of naysayers in the Congress, Shanghaiist chimed in. more ›