Citic Telecom buys Macau phone company for $1.2 billion from its British and Portugal owners. The deal will help in access to casino-hub Macau and its retail customers.

Oral Cancer Prevention International and CDx Laboratories recently merged to become CDx Diagnostics.

The U.S. Consumer Financial Bureau has laid down new regulations on home mortgages to prevent financial debacles in real property markets.

Ocean Spray, a U.S.-based grower-owned agricultural cooperative has made its first international acquisition with Chilean firm Agrícola Cran Chile Limitada today.

Leading researchers from academia will soon be part of a $120 million Department of Energy initiative to help develop solutions for producing more ‘rare earth materials’ in the country for lesser dependence on foreign sources.

The much talked about merger in the airline industry between American Airlines and US Airways is all set to happen after both sides came together for discussions in Dallas, last week.

The Federal Reserve noted a sharp increase in borrowing loans from banks in November. The borrowing figures increased by $16 billion when compared to October.

American Express to cut 5,400 jobs this year. American Express Co. , announced that it will slash 5,400 jobs this year as a part of its restructuring effort and to offset losses.

Houlihan Lokey, an international investment bank, has acquired a Washington, D.C.-based small independent advisory firm - Milestone Advisors, LLC.

Google Inc. has invested around $200 million in a Spinning Spur Wind Project, a 161 megawatt facility located in Oldham County, Texas.