Shares of Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. had increased following the announced acquisition of hotel chains by Dalian Wanda Group's Wang Jianlin.

Daily Beast editor-in-chief Tina Brown announced that she would step down from her post and exit the company for a new venture.

Pandora Media announced that it has hired a new executive on board the company to help boost the company's ad sales and profit.

Newell Rubbermaid Inc. announced today it had closed the sale of its hardware businesses with gross proceeds valued USD214 million.

The Taizhou project, a petrochemical complex located in East China, had stalled because of the lack of a proper location.

KKR contemplating partnership with INCJ for the purchase of Panasonic's healthcare unit. Private equity firm KKR, according to sources with knowledge of the transaction, is contemplating if it would enter into a partnership agreement with state supported Innovation Network Corporation of Japan.

Deutsche Bank AG was under review for excessive entertainment expenses made for pension fund executives.

The buyout firm is now the second largest shareholder in News Corp after mogul Rupert Murdoch. CORRECTED: Reference of Southeastern Asset Management as a hedge fund when it is a global investment management firm.

The complaints from Fire Island residents post Hurricane Sandy was the reason that Verizon started to change its tune on its actions.

The complications arise from the current bid by Vodafone Group Plc because of the increased shareholdings of Elliot Management Corp in Kabel Deutschland.