Flixel Photos Inc raised USD 770,000 in its most recent financing round. Software developer Flixel Photos Inc closed its financing round with USD 770,000.

Ivanhoé Cambridge announced it would buy a 50% stake in Place Ville Marie for more than USD 400 million.

Eike Batista sold his shares in LLX Logistica to EIG Global Energy Partners for USD 562 million. Brazilian businessman Eike Batista ceded control of LLX Logística to EIG Global Energy Partners.

Cisco Systems announced it would be whittling down its workforce by 5%. Cisco Systems Inc announced it would be reducing its workforce by 5%. The move would affect 4,000 jobs.

Salsa Labs scored USD 2 million in venture debt financial from Toronto-based Wellington Financial. Wellington Financial provided venture debt financing to Salsa Labs Inc worth USD 2 million.

Chad indefinitely suspended China's CNPC oil operations in the country. All drilling activities by China National Petroleum Corporation's subsidiary in the Republic of Chad were indefinitely suspended.

The New York Times' website was down for about 2 hours earlier today. New York Times readers were unable to access its website for about 2 hours earlier today.

The EU approves the joint venture to create a new mobile commerce venture in Spain. A new venture that focuses on the future of mobile commerce in Spain has been approved by the European Commission.

Two traders formerly employed by JP Morgan were charged by federal prosecutors relating to the bank's USD6.2 billion loss in the derivatives trade.

American Capital Energy & Infrastructure appointed Abhay Pande as its new Managing Director to help the firm build its Asian platform.