Tesco said it has agreed on a joint venture with a state-run company in China. International retailer Tesco Plc agreed on a joint venture with China Resources Enterprise Ltd but will cede control to the state-run firm.

Encrypted email platforms Lavabit and Silent Circle shut their services down after refusing to cooperate with the US government on data surveillance.

Industry observers cautioned bullish investors to thread carefully with Tesla stock. Although Tesla enjoys a surge in their stock prices, observers warned bullish investors to take precaution on trading decisions.

American Realty Capital Properties Inc (ARCP) announced its acquisition of forty properties worth USD 416.5 million.

Clearlake Capital Group closed its acquisition and recapitalization of Bluefly. Private investment firm Clearlake Capital Group announced the completion of its purchase and recapitalization of online retailer Bluefly.

Cheil Industries purchased a 50% stake in German lighting company Novaled for EUR 260 million. South Korea-based Cheil Industries bought a majority stake in Novaled, a lighting company in Germany that specializes in organic light-emitting diode (OLED) structures.

American Tower Corp announced that it would be buying towers from NII Holdings for USD 811 million. For the price tag of USD 811 million, American Tower Corp (AMT) announced that it has agreed to buy 4,500 towers in Brazil and Mexico from NII Holdings.

Nova Capital signed an agreement to buy five brands of the Newell Rubbermaid Hardware Group in a deal worth USD 214 million.

Content monetization firm Skimlinks bought InvisibleHand, an eCommerce product matching and pricing comparison platform, for an undisclosed amount.

Tesla Motor Inc. rallied 14% after posting its second quarter earnings report which helped the fortune of Elon Musk to rocket by US$570 million yesterday.