In a meeting of the Oregon Investment Council yesterday, it was revealed that Lone Star Funds founder and Chairman John Grayken bet USD330 million of his money to the company's new commercial property fund.

On Thursday, BlackRock Inc would be debuting its a new short-maturity bond ETF on the BATS Global Markets.

CI Financial acquired the majority stake in Marret Asset, with an option to purchase the remained after three years.

Because of the increase in fines and penalties payable for the second half of 2013, JPMorgan Chase's share repurchase plan may be put on hold.

Prem Watsa, the Canadian Warren Buffett, expressed confidence as to his consortium's bid for the floundering Canadian smartphone maker.

JC Penney is now deep in plans to increase its cash reserves and financial well-being through loans and other means.

The USD4.7 billion bid by Fairfax for BlackBerry would be backed up by loans, equity investments and its own shares in the smartphone maker.

Urban Compass would provide locations of possible apartments for rent using online database. Ori Allon, who sold two internet start up companies to Google Inc and Twitter respectively, has laid out plans to announce a USD20 million funding round for a firm that sifts through complex databases, this time for New York city apartment rentals.

Health Management Association is reviewing the takeover bid offered by Community Health Systems. The new board of directors of Health Management Associates Inc had hired financial advisers to review the USD3.

The proceeds for the 3.3 million shares in Chatham Lodging Trust sale would be used for debt payment and general corporate purposes.