BlackBerry co-founder Mike Lazaridis has officially dropped his plans to purchase the firm via a joint bid with a fellow co-founder as new management struggles to turn the troubled company around.

A report said the wave of hotel initial public offerings of Blackstone Group showcased a resurgence in one of the sectors that suffered the most during the recession, the hospitality industry.

Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds.

Oramed Pharmaceuticals Inc was able to secure $13 million from Special Situation Fund and Sabby Capital Healthcare, according to a report on Globes which cited sources.

Italian spin-off AdEspresso raised $500,000 in seed funding from institutional and angel investors, for its Facebook ad optimization service for small and medium businesses (SMBs).

India-based supermarket operator is thinking of holding an initial public offering when the privately-held chain will draw near its first profit, a Bloomberg report said.

Dubai Islamic Bank said on Wednesday it would increase its foreign ownership limit to 25 percent from 15 percent.

Italian insurer Unipol said it had received an offer to buy the insurance business with 1.7 billion euros ($2.3 billion) worth of premiums which it must sell to meet conditions set by the local competition watchdog to clear its merger with peer Fondiaria-SAI.

Title insurer Fidelity National Financial will sell a number of its databases to meet U.S. charges its proposed $2.9 billion acquisition of Lender Processing Services Inc hurt competition, the Federal Trade Commission said on Tuesday.

Japan-based SoftBank Corp is in final stages of talks with T-Mobile parent company Deutsche Telekom about acquiring the U.S.-based wireless carrier