Bill Ackman lost half his investment after selling entire J.C. Penney stake to Citigroup. Former board member Bill Ackman is officially through with the retailer.

US government widened probe into JPMorgan's hiring practices to include countries across Asia. An investigation into JPMorgan's hiring practices in China uncovered evidence that links hires to specific deals.

Capital One hires former bankers to spearhead the credit card company's expansion into the energy business.

Blackstone finalized a settlement with its investors over alleged misrepresentations during its IPO.

Verizon is now in discussion with banks to fund the USD130 billion buyout offer for Vodafone's 45% shareholdings.

Global firms had eyed on agrochemical manufacturers as agrochemical patents in India would expire by 2020.

Aircel Ltd announced refinancing its existing debt through a tie up of nearly INR8 billion loans. Aircel Ltd. is a privately held telecom operator. The company had announced seeking nearly INR8 billion in loans with IDFC and Credit Suisse.

ShopPad announced today that it had received a total of USD500k in seed funding from angel investors.

Two more operators join the 4G race in Britain as it jumps into the superfast mobile top division. Britain is preparing to launch itself into the superfast mobile top division as two more operators launch 4G services.

After global food safety scare, Danone SA unit plans to take legal action against New Zealand's Fonterra.