Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.

A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.

European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.

Blackstone paid Crescent Real Estate USD347 million for Hughes Center complex. One of the largest office owners in the United States, the Blackstone Group, recently purchased another property, specifically the Hughes Center complex located in Las Vegas, NV.

The Federal Trade Commission stamps seal of approval for the acquisition of Arbitron, the radio audience measuring firm, by Nielsen, the television measuring giant.

The Commodities Futures Trading Commission had announced the approval of the applications to operate swap execution facilities for TruEX Group LLC and IntercontinentalExchange Inc.

The latest German elections predicts a win for Chancellor Merkel with a slim margin. German Chancellor Angela Merkel, according to pollwatchers, would most likely win but had to fight to the last vote to keep her majority in the German parliamentary elections.

JP Liquids LLC announced the acquisition of Highway Pipeline Inc's assets through an agreement recently formalized.

Due to the lack of competitive offers, Starboard Value throws its support behind Shanghui's bid for the takeover of Smithfield.

Italian fashion house Versace announced through its CEO Gian Giacomo Ferraris that the company had been expected a final shortlist of buyers interested in the company's minority stake by mid-October.