America's Motor City files for bankruptcy due to the decline in population and financial mismanagement.

Shanghai Greenland Group Co. announced its acquisition of a stake in a project by L.A.-based pension fund California State Teachers’ Retirement System.

The Kolkata-based company is set to invest US $4.4 billion for a business venture on hotels. ITC Ltd is planning to invest US $4. 4 billion (INR 260 billion) to expand its business interests into the hotel industry.

Private equity firm Graphite Capital and Hawskmoor chain of steakhouse enter into an agreement regarding a buyout valued at US $62 million.

New York City Pension pledges US$ 500 million each to Apollo Global Management and CVC Capital New York City Public Pension Funds acquired their largest commitments to date to private equity via marquee funds From CVC Capital Partners and Apollo Global Management.

Ohio Transmission partners with private investor Frontenac Company. Private equity firm Frontenac Company invested an undisclosed amount on Ohio Transmission Corporation, said the latter on Friday.

Shares for Jet Airways increased dramatically after speculation of FIPB approval of Jet-Etihad deal surfaced.

JP Morgan explores options to sell trading and physical commodities businesses. JP Morgan Chase & Co announced that they plan to step out of the business of trading and owning physical commodities which range from oil to metals.

Publicis Groupe SA and Omnicom Group are paving the way for the advertising industry's biggest joint venture.

Russian tycoon Alexander Nesis has sold around US$1 billion worth of shares in Uralkali to fund new projects.