The Hutchins Family Foundation is donating USD15 million for the establishment of the Hutchins Center for African and African American Research.

On Wednesday, Hilton Worldwide said it would start marketing a high yield bond valued USD3.25 billion on Thursday as a part of the company's refinancing ahead of its IPO.

Retrophin announced today that it had made another proposal to acquire all Transcept Pharmaceuticals Inc. shares of common stock valued USD4 per share in cash.

Today, Roadrunner Transportation Systems announced its acquisition of YES Trans Inc. valued approximately USD1.2 million in cash.

The proposed auction by the bankrupt LightSquared has been sought annulled by a group of lenders. The proposed format for the auction of its wireless-spectrum to be conducted by LightSquared Inc's has been deemed improper.

CME planning to create a platform SEF from the CFTC. The world's largest futures market, the CME Group Inc, had applied to create a new kind of platform known as a swap execution facility and this would focus on trading commodities derivatives.

Caesar's Entertainment has planned to raise nearly five billion to refinance its overall debt. The largest casino owner in the United States, Caesars Entertainment Corp, raised a total of USD4.

Packaging Corp of America's acquisition of Boise Inc would be funded by a bridge loan. A USD2 billion financing commitment was made available to Packaging Corp of America, a producer of corrugated shipping material.

The launch of Lift Labs was done recently to unveil its latest product the Liftware, which is a product that used grant money for its design and creation.

A report in The Australian gave Apple aficionados the lowdown on the iPhone 5C and iPhone 5S. A report in The Australian gave the lowdown on Apple's two latest models, the iPhone 5C and iPhone 5S.