Wikimedia Foundation Inc., operator of the world's #5 website Wikipedia, on Tuesday began its new crowdfunding campaign. The foundation seeks to raise USD50 million, up from the USD30 million it raised last year.

Engaged Capital, an activist hedge fund, wrote a letter to the board of Abercrombie & Fitch urging the retailer to replace CEO Michael S. Jeffries when his contract expires next year.

Newsweek plans to return back to print with a 64-page weekly publication, according to Editor-in-Chief Jim Impoco in an interview with the New York Times.

According to a report by the South China Morning Post, the approved merger of American Airlines and US Airways to form the largest airline by revenues in the world is not good news for passengers.

Germany's Douglas Holding AG has began the process of divesting Hussel, the biggest confectionery chain in the country. After being taken private, Douglas committed to actively managing its portfolio through acquisitions and divestments.

Private equity firm Sycamore Partners LLC is reportedly leading the bids for Men's Warehouse's discounted apparel and accessories store K&G. Sycamore is also in advanced talks to takeover Jones Group Inc.

Six more water systems and wastewater systems were bought by Aqua America Inc in November and December, bringing to 15 the number of its acquisitions this year.

US-based processor giant Intel acquired private hackathon organizer Hacker League for an undisclosed amount, in a deal that will merge the latter with Mashery, an Intel company.

Bloomberg report said Salix Pharmaceuticals has proposed a rate for the USD 1.2 billion financing it will be getting for the purchase of Santarus Inc.

A federal judge's ruling Tuesday that Detroit is eligible for bankruptcy protection offers municipal bond investors a dose of clarity that could be welcome news at the end of a rough year for the U.S. muni debt market.