The New York Federal Reserve Bank retains bond purchasing policy. The head of New York's Federal Reserve Bank said last Tuesday it would remain possible for the Federal Reserve would trim its bond purchases before the year's end.

Microsoft formed a video game venture with BesTV News Media Co to take advantage of more liberal free trade rules on gaming consoles in China's free trade zones.

Angel investors pledged USD 1 million in funds to VIPorbit Software International. VIPorbit Software International announced that it had gathered USD 1 million in capital commitments from angel investors.

With what had been called the best iPhone launch ever, the finances of the company have been revised.

Practice Fusion received USD 70 million from various investors for its Series D round. Healthcare platform Practice Fusion raised USD 70 million for its Series D round.

Sources told Reuters that Chevron Corp would be getting bids by the end of September for its Nigerian oil blocks.

According to a report by the New York Post, two sources said that private equity firms Sycamore Partners and KKR & Co LP would be bidding for fashion retailer The Jones Group within this week.

The National Credit Union Administration (NCUA) had filed complaints against Morgan Stanley and eight other financial institutions for selling faulty mortgage-backed securities.

Applied Materials and Tokyo Electron signed a definitive agreement to merge and create a new firm valued at USD 29 billion.

A source told Bloomberg that Sony's Head of Marketing for its film unit, Marc Weinstock, was removed from his role.