Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.

Glenview Capital Management LLC had joined Hayman Capital Management LP in raising its stake in retailer JC Penney even after the departure of Bill Ackman last month.

Russia's richest man, Alisher Usmanov, said that he had decided to reduce his Facebook holdings by selling 14.2 million shares.

This week, BlackRock Inc. had bought shares in OGX Petroleo & Gas Participacoes after its increased presence in Brazil's benchmark index.

German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.

According to a Reuters report, the US government would likely give its approval for the Smithfield Food Corp. and Shuanghui International Holdings USD4.7 billion deal.

Versace CEO Gian Giacomo Ferraris announced that the company planned to sell a minority stake privately before launching an IPO.

Nokia had its focus redirected on network equipment manufacturing after it sold its handset units to Microsoft Corp.

KKR & Co LP said that it had agreed to purchase a property claims software firm called Mitchell International for around USD1.5 billion.

A Thailand based trader was ordered to pay USD5.2 million to settle civil charges filed against him for publicly trading call options and single stock futures before the announced acquisition plan of Shuanghui International Holdings for Smithfield Foods Corp.