Evian, Volvic, and Perrier have long dominated the high-end and high-margin water market in China, but things are changing and Chinese brands are charging forward to grab their share.

Evian was inspected for quality issues for the sixth time in six years earlier this year and recently announced that it wasn’t clear exactly how the excessive nitrate found in its product actually got there, as Beverage Daily notes. Local brands, meanwhile, are eager to entice drinkers their way.

The five-year-old Tibet 5100 Water Resources Holdings Ltd., a Chinese company that produces 5100 Tibet Glacier Spring Water, “said its revenues in 2011 were 633 million yuan ($99.2 million), up 76 percent from the previous year,” China Daily reports. The company’s gross profit margin was 79 percent, up from 64 percent in 2010. But Tibet 5100 is an anomaly.Continue reading...

Facebook I.P.O. raises regulatory concerns, as regulators review Morgan Stanley's pre-Facebook IPO actions and the social network's share price drops 18% below IPO price and shareholders worry. NASDAQ is also being sued by an irate investor, while Facebook, its bankers and CEO Mark Zuckerberg are also being sued. One hot commodity: Zuckerberg's post-IPO secret wedding to Priscilla Chan sees Claire Pettibone-designed wedding dress "go viral."

Apple's iPad played a key role in the largest debt restructuring in history, with 100 iPads saving Greece $140 billion. European banks were less prepared for the Greek economic crisis.

SAP to acquire Ariba for $4.3 billion in push into cloud.

Alcatel-Lucent technology made the Internet five times faster.

Amazon's massive cloud business raises questions.

FOX's American Idol lost nearly a quarter of its still-huge audience this season.Continue reading...