Turkey said it intended to create an industrial zone in Addis Ababa on land assigned to Turkey by the Ethiopian government.

Chinese media said that Apple invited local journalists in its September 11 event in Beijing, a day later from the tech giant's newest iPhone model launch in its Cupertino, California headquarters.

Fiat union leaders said the carmaker would invest nearly EUR 1 billion to make the Maserati SUV in its Turin factory.

According to a Bloomberg report, the biggest mining companies were set to spend USD244 billion on expansions amid Glencore Xstrata Plc's CEO call to end oversupply in mineral markets.

New and old investors came together for the series B financing for Loggly. The most popular cloud based log managemet system, Loggly, had received USD10.

Sequoia Capital and Spark Capital both invest in Zazma for USD10 million. In an announcement, short term finance innovator for small businesses Zazma had said it raised USD10 million in financing venture equity from Sequoia and Spark Capital.

Siemens Venture Capital spearheaded the latest series B financing round for Electric Cloud. One of the top firms providing Software Delivery Acceleration solutions recently announced the receipt of USD8 million in investments for its DevOps brand.

Last Tuesday, Hayman Capital's accumulated stake of 5.2% in struggling retailer JC Penney was disclosed in a US Securities and Exchange regulatory filing.

LinkedIn Corp said last Thursday that it would sell additional USD1 billion of its Class A common stock.

In its latest Series B financing round, Quantia was able to raise a total of USD10 million from major and current investors.