Lowe's Companies Inc. announced today an acquisition deal had completed for Orchard Supply Hardware stores valued USD205 million in cash and payables.

The Federal Government of Nigeria lost USD 40 billion in downstream infrastructure investments for 76 non-producing oil leases.

Peugeot Citroen said it would halt car production in Aulnay this November. French multinational automobile and motorcycle maker Peugeot Citroen would be stopping production in one of its plants earlier than scheduled.

Sources said Thai billionaire Dhanin Chearavanont submitted its bid for Li Ka-shing's ParknShop chain.

French cosmetic firm L'Oreal said it could afford to buy back the EUR 23 billion stake that Nestle holds in the firm.

Finland rolled out a EUR 9 billion plan enough to pay for welfare expenses of its aging population. The government of Finland agreed on a plan to ensure that it would have money to pay welfare costs for its fast-growing elderly population.

The government of Germany said it was still open to talk with Airbus about its development loan. The German government said it is still willing to discuss the development loan with Airbus.

The foundation of Royal KPN exercised its option to purchase preferred shares of the company to block America Movil's bid for majority ownership.

Malaysian palm oil producer Sime Darby said the sale of its healthcare unit boosted fourth quarter profits.

German car manufacturer Daimler Mercedes-Benz planned to increase the number of its dealer outlets in China to get a bigger share of the world's largest auto market.

Sources told a Belgian business daily that the government could sell a small portion of its stake in the Belgacom Group.

Chief Executive Officer Igor Sechin of Rosneft bought more shares in the state-controlled firm, increasing his stake to USD 65 million.

JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.

Carl Icahn, the activist investor known to take major seats in companies and push for management change, had announced raising his stake in Nuance Communications Inc.

According to a Bloomberg report, Blackstone Group LP's real estate unit would take over Netherlands-based Multi Corp.

Several speculations stated that the giant software maker Microsoft Corp. would acquire stake in Foursquare Labs.

Potbelly Corp. announced its initial public offering as it intends to raise USD75 million to pay a previously declared cash dividend.

According to sources, CSN might call off the deal with German steelmaker ThyssenKrupp if the its Alabama plant would not be included in the offer.

NASDAQ OMX Group identified a software bug that had caused the three hour trading halt last August 22.

KPN foundation had intervened to block the EUR7.2 billion America Movil-KPN deal to safeguard the group's stakeholders.

L'Oreal CEO Jean-Paul Agon said that the company would be ready to buy Nestle's stake in the company which was valued at EUR22 billion.

A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.

Blackberry, the leading mobile device in India, had announced selling its global operations unit but would remain business as usual to ease fears of Indian users.

Global Founders Capital announced today its first round of investments in three online startups which totaled over USD5 million.

Foursquare started discussions with multiple large technology companies about a possible strategic investment.

Vodafone Group planned a stake sell from its holdings in Verizon Wireless valued more than USD100 billion.

Zurich Insurance executive Josef Ackermann resigned from the company after its finance chief died of suspected suicide.

California-based Retention Science got more than USD 750,000 from Forerunner Ventures, an early-stage venture capital firm.

Alliance Global Group acquired Touch Solutions to facilitate the backdoor listing of its liquor unit.

The partnerships of SAIC Motor Corp with Western car manufacturers helped boost its sales for the first half of this year.