Koch Industries confirmed in an email to BBC about a Daily Caller report of the company backing out on a bid for Tribune Co.'s publications, including Los Angeles Times and Chicago Tribune.

IIS and Drivewyze raises USD7.5 million in its latest Series A funding round. Sister firms Intelligent Imaging Systems and Drivewyze have jointly announced the completion of its latest round of funding that raised USD7.

JackBe Corp purchases Software AG for an undisclosed amount. As the advisor in the sale, Clearsight Advisors had recently announced the completion of another transaction in the Big Data market.

Panda Power Funds provides financing for the construction of a new power plant from Moxie Energy. Dallas based private equity firm Panda Power Funds announced the completion of the acquisition of the planned 829 MW natural gas powered generating station for Moxie Energy.

Kamcord received USD1 million new seed funding after it had previously gotten an accumulated fund of USD1.5 million.

NakedWines.com received USD10 million new funds from WIV Wein International AG, as the company had plans for expansion into the US and Australian markets.

Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.

India's richest man Mukesh Ambani lost a total of 24% of his wealth after the valuation of the rupee decreased.

Regenerative tissue engineering firm TissueTech Inc closed its latest round with USD 10 million. TissueTech Inc successfully closed its latest fundraising round.

Germany-based North Channel Bank acquired California-based NorthStar Life Services LLC that would strengthen its presence in the life settlement industry.