Sinopec gets sweetheart deal according to analysts. The US$1. 02 billion deal entered into China Petrochemical for Chesapeake Energy Corp shale oilfield interests is just one third of its actual value.

Keith Rabois, who had served Square as chief operation officer since 2010, will join Khosla Ventures in March.

New job cuts in the offing for JP Morgan Chase. JP Morgan Chase has announced that it would be undertaking another round of layoffs, numbering between 3,000 to 4,000 employees in its consumer bank operations by 2013.

Potash Corp takeover bid for ICL still ongoing. Saskatchewan based Potash Corporation is serious in its bid to wrest majority control over Israel Chemicals Limited.

TPG purchases Assisted Living shares for US$278 million Investment firm TPG has reached an agreement with Assisted Living Concepts Inc for the sale of its senior living residence operations for US$278 million.

AT&T expands into Europe with wireless technology applications. The largest US phone company, AT&T would be expanding to Europe through licensing of its mobile home watchdog products.

Potash Corp. has been looking to boost its stake at the world's sixth largest producer of potash.

Carlyle expects interest from its larger rivals in the industry for its defense firm Arinc Inc. Private equity company Carlyle Group LP has been in preparation for the sale of aerospace and defense firm Arinc Inc.

Assisted Living Concepts reached agreement to be sold to private investment firm TPG for about $278 million.

First Quantum may slightly extend its offer for Inmet as it resolves regulatory barriers, its president, Clive Newall, disclosed.