VENTURE CAPITAL POST

Finnish IT services provider Tieto had planned to reduce its workforce by a further 5% following last year's job reduction, said a report from Reuters.

Danske Bank dismissed its Head of Treasury Steen Blaafalk.

Facebook Inc. had agreed to buy Onavo, an Israeli startup app-maker company, said a report from Reuters.

US Senators were still in negotiations regarding an agreement to reach a fiscal

TCS Group priced the IPO of Tinkoff Credit Systems from USD 14 million to USD 17.50 for every global depositary receipt.

Chinese tycoon Tong Jinquan would be purchasing SGD 200 million shares in Viva Industrial's SGD 375 million Singapore IPO.

Tropical Storm Octave could flood some parts of Texas when it makes landfall sometime this week.

More than 380 people were arrested in a race riot that occurred Sunday in Moscow.

Porsche released teaser photos of its 2014 sport utility vehicle or SUV model, the Macan.

The 2014 Macan would be unveiled by Porsche at an auto show in Los Angeles in 37 days.

Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.

Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.

Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.

The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.

The proposal of the Brazilian Stock Exchange to form a takeover panel has gained the support from investors and the Brazilian finance regulator.