Toshiba is set on expanding facilities for production for its NAND Flash Memory Chips. (Photo : Reuters)Toshiba plans underway for expansion of production site in Japan Toshiba Corp announced on Tuesday of its plans to expand the production facility for its NAND flash memory chips which are used in smart phones and in memory cards.

First PacTrust Bancorp Inc announced completed acquisition deal for The Private Bank of California.

Rothschild to be named as the adviser for the Royal Bank of Scotland split. (Photo : Reuters)The corporate logo of Rothschild is shown on its building.

Sprint Nextel face lawsuit for tax fraud in the state of New York (Photo : Reuters)The image is the facade of a Sprint store. Sprint Nextel is currently facing a lawsuit in the State of New York for charges that the telecoms company did not collect or pay millions of dollars worth of taxes for its cellular phone service.

Compared to the first quarter, 21 IPOs were backed by venture capitalists amounting to US$717 billion.

The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: - Chinese state oil firm CNPC will buy a stake in Kazakhstan's giant Kashagan oil project, through back-to-back deals with Kazmunaigaz through which ConocoPhillips will exit, the Kazakh state oil firm said on Monday.

United States' manufacturing activity improved while construction costs hit a four-year high on third quarter's kick off.

McKesson Corp and Cardinal Health Inc are in talks with Celesio for its stakes, two sources said. (Photo : )The photo shows Celesio's, a German drugs company, official logo.

Lockheed Martin launched an international arm that will be led by Patrick Dewar, corporate strategy and firm development executive.

Citi Group would pay Fannie Mae US$968 million for potential mortgage repurchase claims incurred between 2000-2002.