Investors

A Reuters report cited Wall Street Journal sources who said that Cumulus Media, a radio broadcasting company set its sight on buying out Dial Global, a content producer, for USD260 million in cash.

A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.

Chief Executive Officer Igor Sechin of Rosneft bought more shares in the state-controlled firm, increasing his stake to USD 65 million.

Sinopec, the state owned oil and gas firm, forms Apache and Sinopec Group through the purchase of 33% of the Apache Corp.

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AIG has sought to divest its ownership of ILFC through a sale or if there is none agreed on, through an IPO.

TH Lee Partners LP is discharged as a defendant in the case of an 'overarching' conspiracy regarding buyouts and the collusion between private equity firms.

Wal-Mart, together with other North American companies, banded together to create the Alliance for Bangladesh Worker Safety.

Pure Storage was able to raise USD150 million in its latest funding round for its operational expansion in the data storage market.

Vaultize's expansion into the Mumbai area is a step towards achieving its regional and domestic plans.

JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.

Carl Icahn, the activist investor known to take major seats in companies and push for management change, had announced raising his stake in Nuance Communications Inc.

According to a Bloomberg report, Blackstone Group LP's real estate unit would take over Netherlands-based Multi Corp.

Several speculations stated that the giant software maker Microsoft Corp. would acquire stake in Foursquare Labs.

Potbelly Corp. announced its initial public offering as it intends to raise USD75 million to pay a previously declared cash dividend.