According to sources that told Reuters, mortgage software company Ellie Mae had hired Morgan Stanley to try to sell the company.

Daimler announced that it had appointed the new head for the company's luxury car division, AGM unit.

With nearly USD30 billion retained from the buyout, Vodafone is gearing towards expansion and technology upgrades.

TRG is the new firm formed from the merger of Citi Venture Capital International and Rohatyn Group. In order to manage emerging-markets assets, Citigroup Inc has laid out plans to combine its Citi Venture Capital International with the Rohatyn Group under undisclosed terms.

Mark Montana was introduced as Deutsche Bank's new head of equity trading for the Americas. The biggest bank in Germany, Deutsche Bank AG, announced the hiring of Matt Montana to head its equity trading for its asset and wealth management division for the Americas.

Lithium Technologies announced today that it had raised USD50 million in mezzanine financing. Lithium Technologies is the leader in Social Customer Experience.

After working with Fidelity Special Situations Fund for five years, Sanjeev Shah would step down as manager of the fund according to a statement from Fidelity Worldwide Investment.

Vivus Inc. announced a new chief executive officer in the person of former Johnson & Johnson executive Seth H. Z. Fischer after Tony Zook resigned due to health issues.

Alitalia SpA engaged advisory services Italian firm for corporate restructuring help. Gruppo Banca Leonardo was engaged the services of Alitalia SpA to assist in the raising of hundreds of millions of Euros before the year's end.

The Philippine Stock Exchange said meeting IPO targets this year would be difficult as market conditions continued to be volatile.