On Tuesday, Barracuda Networks had filed for an initial public offering valued more than USD100 million, according to a regulatory filing.

Merck & Co. decided to cut its annual spending by USD2.5 billion and eliminate more than 10% of its global workers.

A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.

The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.

A USD347 million loan package was finalized by Chilean shipping form Compania Sud Americana Vapores to purchase new ships.

In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.

Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.

Three of the top 20 investors in computer software company Microsoft had urged its board to push the firm's founding chairman Bill Gates to step down from office.

Burlington Stores announced today the price of its initial public offering of 13,333,333 shares of common stock valued USD17 per share piece.

Many CEOs said that the extended budget impasse on health care reform would only result in greater problems such as loss of economic gains from the 2008 financial crisis.