As banks shed off their private equity units to comply with the Volcker Rule, the executives of these newly-independent firms will find themselves doing more travel in their search for new investors, The Wall Street Journal reported.

HTC Corp intends to expand its range of more affordable smartphones after the losses it experienced last year for its high-end product offerings, Reuters reported.

Paris, France-based hospitality major Accor is aiming to exit its 40% stake in Mumbai, India-based Sofitel hotel in Bandra-Kurla Complex (BKC) and fold the Sofitel brand into itself, according to sources.

Proxy advisory firm ISS Inc has urged shareholders not to support the share buyback proposed by Carl Icahn to return more cash to its shareholders, Reuters reported.

Queensland, Australia-based mining and exploration firm Axiom Mining acquired the gold-silver and copper-gold mineralization West Guadalcanal Project located in the Solomon Islands for an undisclosed amount.

RichRelevance Chief Executive Officer David Selinger gave three main reasons why the Bureau of Private Postsecondary Education or BPPE should not regulate coding academies in his guest post at VentureBeat.

New York, US-based hedge fund Libra Advisors will pick up a $7.2% stake in Auckland, New Zealand-based business developer Rubicon to support that latter's future forestry biotech project.

Venture capital firm Social+Capital Partnership has appointed its former Entrepreneur in Residence or EIR Ray Ko to serve as its first Growth Partner, TechCrunch reported.

Cambridge, Massachusetts-based firm MC10 made a bio-stamp that can take a person's vital signs and a head impact indicator backed by Reebok monitor for possible head trauma.

SportPursuit, a flash sales site based in the UK, nabbed £5M from its Series B financing round led by London-based venture capital firm DFJ Esprit and participated in by Silicon Valley Bank and angel investors, TechCrunch reported.