The absence of clear labor policies would prompt Fiat to move the production of Alfa Romeo outside of Italy.

Genting Hong Kong’s Philippine Travellers postponed its IPO due to negative market conditions stinging emerging markets.

The Indian Telecom Ministry will release guidelines for mergers and acquisitions by the end of the month.

After conducting reviews, JPMorgan found out that it had made about 9% mistakes in more than 1000 lawsuits filed against non-payment of its credit card holders.

China's foremost social media services provider, Net@lk, was acquired by Publicis Groupe. Today, Publicis Groupe announced that it acquired China's foremost social media services provider, Net@lk.

Neutra Corp. entered a joint venture with Vertigo Technologies through its subsidiary, Cannabis Technologies, Inc.

Santander Consumer released plans to raise US$50 million in its IPO. The lender behind Chrysler Capital, Santander Consumer USA, released a plan to raise at least US$50 million in an initial public offering, according to official papers filed with the U.

Global Blue and NTT DATA established joint venture, Global Blue TFS Japan Co., Ltd. to provide tax refund services to foreign travelers in the country.

Stinger Medical and Enovate merge to become the biggest provider of transportable clinical workplace in the US.

KKR & Co raised US$ billion for its third Asian private equity fund called Asian II Fund. KKR & Co's third Asia private equity fund obtained US$6 billion.

Chromebooks have effectively captured 20% to 25% of the U.S. laptop market according to report. Google Inc. 's Chromebook was brushed aside as a mildly cheap laptop with limited appeal when it was released two years ago.

According to three sources, Glencore Xstrata Plc looked to sell its Dakota Growers Pasta Co unit after its US$6 billion purchase for Viterra.

Tech Finance extended its noteholder tender offer expiry date to July 11, 2013. Technicolor announced that the expiry date of Tech Finance's noteholder tender offer would be extended to July 11, 2013, which was originally set for July 9.

Ally Financial, preparing for its IPO, has dropped JPMorgan from its list of underwriters. The removal of JPMorgan Chase & Co. , from the list of underwriters for its planned initial public offering of Ally Financial Inc.

A biotech company wants to raise US$125 million through its IPO. Intrexon Corp, a Florida-based biotechnology company, has filed with U. S. Securities and Exchange Commission an initial public offering of common stock.

Nuclearelectrica IPO delayed until late July, at the least. Nuclearelectrica has announced that its initial public offering would be postponed until late July, at the very least.

Kymeta, an antenna developer and a spinoff of Intellectual Visions, raises US$50 million. Kymeta, a Redmond-based satellite antenna developer, said it had raised $50 million in capital.

Active Power named board chairman as new interim president and CEO. Active Power named its chairman of the board, Dr. Ake Almgren, as its new interim president and chief executive officer.

Geniki Bank presents its binding bid for troubled New Hellenic Postbank. Greek lender Geniki Bank confirmed that it has submitted its bid to acquire New Hellenic Postbank.

Patterson Companies acquired stock of National Veterinary Services for GBP87.5 million. Patterson Companies, Inc. announced that it would be acquiring stocks of National Veterinary Services (NVS).

Tokyo Stock Exchange Inc. President Akira Kiyota wanted to revive the Japanese markets by targeting more initial public offerings.

Zion Oil and Gas Inc obtains one-year exploration license extension for its Asher-Menashe enterprise in Northern Israel.

Serodus merges with Phlogo to expand portfolio Serodus ASA announced its plan to merge with Phlogo ApS. The merger would enable Serodus to speed up its commercialization and development strategies.

The U.S. Consumer Bureau announced that banks supervised by them may now face penalties if they mistreat clients during collection.

UMW Oil & Gas Bhd IPO at MYR3 per share. UMW Oil & Gas Bhd, a unit of the Malaysian conglomerate UMW Holdings Bhd, was reported to set its minimum indicative price for IPO at MYR3 per share.

Fiat and Peugeot entered into a US$900-million agreement to improve delivery van models. To cut costs in ageing delivery van models, Fiat SpA and PSA Peugeot Citroen has released its plans to invest more than EUR700 million (US$900 million) on new delivery van models over the next five years.

Kenya's stock exchange, plans to introduce derivatives and real estate investment trusts after equity trading volumes declines

K.K.R. announced that they were able to raise a US$6 billion Asia-Pacific fund Kohlberg Kravis Roberts (KKR), the U. S. private equity giant, announced that they were able raise a US$6 billion Asia-Pacific fund.

ING announced that they have reached an agreement to sell its investment management business in South Korea to Macquarie Group

Cukurova Holding AS has won its legal battle against Alfa. Cukurova Holding AS won its legal battle against Russian Alfa Group over Turkcell Iletisim Hizmetleri AS, Turkey's biggest mobile-phone operator.