The merger to become the world's largest airline succeeded its first step after being approved by bankruptcy court.

Fisker Automotive has opted to put workers on furlough in the face of a debt due with the US Department of Energy.

American Realty increases offer to US$6.7 billion for Cole Credit. A week after its inital offer was rejected, real estate investment trust American Realty Capital Properties Inc had increased its bid for Cole Credit Property Trust III.

KKR is seeking to build a US$1.5 billion fund for oil and gas development project investments. In a report from Bloomberg, KKR & Co LP is now raising US$1.

Lehman Brothers, once Wall Street's larger banks, has announced its payout to creditors after its emergence from bankruptcy protection.

Jana Partners is seeking to replace board members and undertake improvements in the Agrium board of directors.

Credit Suisse has purchased the wealth management arm of Morgan Stanley. Morgan Stanley's wealth management subsidiary is being bought out by Credit Suisse.

H.J. Heinz says that it is planning to host a shareholder meeting to allow investors the time to think about your house and expenses.

American Realty said it has decided to increase its bid offer for Cole Credit Property Trust III after the latter's rejection of the first offer.

EADS plans to prevent the planned buyback that is hampering its future growth and capital spending. European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.