American retail chain Abercrombie & Fitch's shares increased by 5.8% to USD35.99 per share after activist investor Engaged Capital urged the firm to change its leadership and explore a possible sale.

Washington-based tech company Microsoft Corp sold a record offering of USD8 billion of bonds in dollars and euros to fund general corporate purposes, according to regulatory filings today.

Washington-based organic salad chain Sweetgreen has received USD22 million in funding from investment fund Revolution Growth to help grow the company's brand in new markets.

Ben Venue Laboratories, a subsidiary of German Boehringer Ingelheim in the US, has engaged Bank of American Merill Lynch to advise it on a proposed sale of its sterile injectable drugs business.

Yahoo has purchased Los Angeles-based Dreamworks Animation-incubated mobile video app Ptch, which will shut down on January 2, 2014, in a deal with yet undisclosed financial terms.

Wikimedia Foundation Inc., operator of the world's #5 website Wikipedia, on Tuesday began its new crowdfunding campaign. The foundation seeks to raise USD50 million, up from the USD30 million it raised last year.

Engaged Capital, an activist hedge fund, wrote a letter to the board of Abercrombie & Fitch urging the retailer to replace CEO Michael S. Jeffries when his contract expires next year.

Newsweek plans to return back to print with a 64-page weekly publication, according to Editor-in-Chief Jim Impoco in an interview with the New York Times.

According to a report by the South China Morning Post, the approved merger of American Airlines and US Airways to form the largest airline by revenues in the world is not good news for passengers.

Germany's Douglas Holding AG has began the process of divesting Hussel, the biggest confectionery chain in the country. After being taken private, Douglas committed to actively managing its portfolio through acquisitions and divestments.