Carey Watermark gives up its 49% stake amounting to US $22.6 million in favor of its partner, Ensemble Hotel Partners.

Synovus Financial Corp launched their US$130 million public offering. Synovus Financial Corp. announced the commencement of the company's underwritten public offering.

Becknell Industrial announced the acquisition of industrial properties amounting to US$34 million. Becknell Industrial announced new acquisitions amounting to US$33.

AlBaraka Turk mandated the release of a US$250 million funding. AlBaraka Turk announced that they have mandated the bank for an arrangement of a US$250 million syndicated loan.

Livewire Mobile and OnMobile Global has agreed to the buyout terms thus increasing OnMobile's presence in value adding service for mobile in the US.

Nash Finch Co. and Spartan Stores Inc enters into a merger valued at US $1.3 billion. Nash Finch Co. and Spartan Stores Inc. agreed to an all-stock business agreement which is estimated to be worth US $1.

Oxford Genetics received GBP150,000 funding from Mercia Fund Management. Mercia Fund Management, a venture capital fund manager, invested GBP150,000 in Oxford Genetics.

The cloud-based software platform gained US $1.5 million expansion funding from MMC Ventures to cover customer acquisition objectives and product development.

An Indian court sentenced six men to life in prison after raping a Swiss tourist. The six Indian men accused of raping a Swiss tourist in India was sentenced for life imprisonment yesterday.

Yahoo! entered into an agreement with Third Point to buy back 40 million worth of shares. Yahoo! Inc. announced that they have entered into an agreement to repurchase 40 million worth shares of owned by Third Point LLC (Third Point).