IBM announced acquisition of SoftLayer Technologies and the creation of a new division in the company for cloud-based services to its clients.

Two companies that are link to Chinese State-backed groups are pursuing the US$5 billion Glencore Xstrata mines in Peru.

Cinven, the majority shareholder of Partnership Assurance Group, has announced IPO for Partnership to debut in the London Stock Exchange middle of June.

Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.

Two separate courts issued temporary restraining orders, restricting Royalty Pharma to bid for Elan.

Generali agrees to sell its reinsurance business to Scor for EUR 579 million. Last Tuesday, Generali announced its agreement to sell its US life reinsurance business to Scor.

Continental Grain Co announced to finally end its long-term ownership with Smithfield to prevent further proxy battle.

Calpers is planning to sell its entire 4% stake in Carlyle that is valued at US$373.3 million. After 12 years of being managed by Carlyle Group LP, a private equity manager firm, the California Public Employees' Retirement System plans to sell its total 4% stake.

President Xi Jinping offered a total of US$3 billion loans to 10 Caribbean nations however no direct confirmation was made by the Chinese government.

Sprint overthrows US$3.40 bid per share of Dish to a US$4.40 bid per share for Clearwire. (Photo : Reuters)People passing by a Sprint store in NYC. Sprint Nextel Corp has urged Clearwire Corp to reject the offered bid made by Dish Network.