Colombia-based firm Grupo Energia de Bogota inked a deal valued at $650 million to acquire a 23.61% stake in Peru-based gas pipeline operator Transportadora de Gas del Peru.
Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.
After struggling with increased book sales from online rival Amazon and others, German Catholic Church-owned publishing house Wetbild filed for insolvency and placed 6,000 jobs on the line, the Financial Times reported.
Northern Virginia-based private equity investment manager has invested an undisclosed amount in Nexercise, a Maryland-based free motivational health and fitness app for iPhone and Android.
The Permanent Court of Arbitration in The Hague, Netherlands has pushed back an arbitration claim hearing involving Chevron Corp. and Ecuador to February. Chevron was indicted for environmental damage done in Amazon by Texaco.
Hong Kong-based children's entertainment startup Roam & Wander successfully raised an undisclosed amount of funding from Hong Kong and Taiwan angel investors as it prepares to expand its US retail operations.
Gift cards and shipping refunds were offered by Amazon.com Inc to appease its customers after UPS said it would not be able to deliver some packages by Christmas, Bloomberg reported.
JD.com, China's second-largest e-commerce site, is set to exceed 100 billion yuan ($16.47 billion) in annual sales for the first time in a market that has drawn investment from global retailing names such as Amazon and Wal-Mart.
Brazil's Vale forms joint venture with power company Cemig, reduces stake in controversial Amazon dam
Vale, the world's leading producer of iron ore, agreed to enter into a joint venture with power company Cemig to run six hydroelectric power plants. Vale also halved its 9% stake in Norte Energia, which builds a hydroelectric dam in Amazon, Brazil
E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.
Washington-based tech firm Opscode has raised USD32 million in a Series D funding round and changed its name to Chef after its configuration management and IT automation "cookbook" has become popular in the enterprise market.
Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.
Chief Executive Officer John Donahoe of eBay Inc said in an interview with Emily Chang on Bloomberg Television that the use of drones to deliver products to consumers is a fantasy.
Google acquired seven robotics firms in the past six months to create manufacturing and logistics robots for a project under Android founder Andy Rubin to compete with Amazon's flying delivery drones.
According to a Financial Times report, Amazon faces safety and regulatory hurdles before it can get its plan to use drones to deliver packages to consumers off the ground.