Forest Laboratories is close to an agreement to buy New Jersey-based specialty pharmaceutical company Aptalis Holdings from private equity firm TPG Capital. Forest will pay $3 billion for Aptalis.

For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.

New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.

Oil and gas companies in the West, like that of Scotland-based Weir Group, are heading to China to bet on the birth of the country's shale gas industry, the Financial Times reported.

Marissa Mayer, the Chief Executive Officer (CEO) of Internet giant Yahoo has revealed the acquisition of Aviate, a San Francisco-based startup that automatically organizes apps on a phone's home screen.

Although many believe that the US has started to lose its power and influence because of stagnating economy, a Financial Times report believes that compelling evidence abounds that refute this claim.

Borrowing costs for the Eurozone countries that experienced the brunt of the crisis dropped after a high demand from investors for 10-year bonds offered by the Irish government, the Financial Times reported.

Bourbon, a Paris-based operator of supply and crew ships for the oil industry, sold a dozen vessels to China's ICBC Financial Leasing as part of its plan to make a dent on its debt, Bloomberg reported.

Gartner, a research group, predicted that over 1 billion smartphones and tablet computers installed with the Android operating system of Google will reach customers in 2014.

Alipay, an online payment affiliate of Alibaba Group Holdings Ltd., has struck a deal with Sina Corp. to launch and online payment service as competition rises between Alibaba and rival Tencent Holdings Ltd. Alibaba last year bought an 18% stake in Sina Weibo.