The Vehicle Production Group is under new management as AM General purchased the DOE denominated debt.

According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.

FNB Capital Partners would focus on investing in mezzanine debt, private equity, subordinated notes and other financial instruments.

Traditional insurer American Family Insurance buys out online insurance provider Homesite Group Inc for USD616 million.

Mercato Partners with other institutional investors provided USD30 million for an oversubscribed Series B financing round for Ingram Medical.

StartX had partnered with Stanford University and Stanford Hospitals and Clinics for a grant accelerator fund for Stanford affilated entrepreneurs.

Michigan had joined six other states in a lawsuit to block the proposed merger of US Airways and American Airways to create the world's largest airline company.

Glenview Capital Management LLC had joined Hayman Capital Management LP in raising its stake in retailer JC Penney even after the departure of Bill Ackman last month.

According to a Reuters report, the US government would likely give its approval for the Smithfield Food Corp. and Shuanghui International Holdings USD4.7 billion deal.

KKR & Co LP said that it had agreed to purchase a property claims software firm called Mitchell International for around USD1.5 billion.