A report from the Straits Times debunked the perception that Chinese firms were facing growing hurdles in the US, citing data that China's investments in the US had nearly tripled this year.
North America
German startup Wywy bags USD7 million in Series B funding for expansion
Germany-based second screen TV startup Wywy announced that it has secured USD7 million in Series B funding for its expansion to Europe and the United States.
Barclays spinout seeks as much as USD1 billion for debut fund
Glendon Capital Management, a spinout by British bank Barclays, is expected to launch its first fund in the first half of next year. The new firm is reportedly looking to raise USD1 billion for its debut fund.
US firm PaxVax scores USD22 million in Series B for late-stage cholera vaccine
California-based pharmaceutical company PaxVax Inc raised USD22 million in a Series B funding round for the late-stage trial of its single-dose oral cholera vaccine for travelers.
Student loan on the rise, varies by region -report
A study by The Institute for College Access and Success found that America's class of 2012 graduated with an average of USD29,400 in student loan debt. Student debt levels, however, varies according to state and geographical regions.
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San Francisco-based business software manufacturer Intuit bought document hosting and sharing service Santa Monica-based Docstoc for an undisclosed amount to power up its small business division.
Sydney-based Westfield Group agreed to acquire the 50% stake held by the Port Authority of New York and New Jersey in the retail space of the World Trade Center site for USD 800 million.
HomeAway, a Texas-based online marketplace for vacation rentals bought Stayz Group, the publisher of Stayz.com.au from Fairfax Digital in an all-cash deal worth USD 198 million.
In a 254-159 vote, the US House of Representatives passed a legislation exempting private equity firms from provisions in the 2010 Dodd-Frank Wall Street Reform Law. However, a similar action is not expected from the Democrat-dominated US Senate.
Clarity Health Services, a Seattle, Washington-based care coordination solutions provider for the healthcare industry, received USD 6.6 million funding from Columbia Pacific Advisors' Opportunity Fund.
Google Inc has quietly acquired more than a half-dozen companies for a new robotics groups led by Andy Rubin, formerly in charge of Google's popular mobile software, according to a report in the New York Times on Wednesday.
Molex Incorporated Announces Receipt of Final Merger Control Clearance for Merger with Koch Industries, Inc.
Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S.
The San Francisco-based Industry Ventures, an investment firm that buys stakes in private companies through the secondary market, has raised a $425 million fund.
