Flower Foods frontrunner in bid for Wonder Bread. The No. 2 baking company in the US just got bigger as Flower Foods Inc is in the midst of acquiring Wonder Bread.

Groupon's choice to cut revenues results in net operating loss and falling profits. According to one analyst, the forecast is underwhelming for Groupon, whose share values lost nearly one fourth of its value.

Man Group revamp seen to buoy Fund recovery. Man Group is depending its future on its fund manager AHL as it reports its current status as the leadership of new CEO Emmanuel Roman begins.

Juniper rethinking future after sales plans fell through. Juniper Network is reviewing its current business focus of enterprise networking businesses after discussions failed to materialize as to the sale of its assets.

Max Levchin, one of the co-founders of online payment mogul Paypal has launched a business competitor last Tuesday.

Lloyds deal to sell branches may not push through due to capital deficit with Co-op. The deal that would allow Co-operative Bank to purchase more than 600 branches of the Lloyds Banking Group is under grave threat not to push through.

Giant mall builder to expand to UK and US. Westfield Group is planning to increase its investments in both the US and UK to capitalize on the increasing retail demands in these countries.

Westfield Retail to payout earnings to its customers. Australia's second largest property trust by market value, Westfield Retail Trust is in the process of taking out loans to fund its Aus$1.

Clearwire is in bed with two financial suitors, namely Sprint Nextel and Dish Network. In a report by the Wall Street Journal, Clearwire Corp is planning to seek financing assistance from Sprint Nextel.

Air Asia pays out biggest dividend policy. The Asian region's largest discount carrier, Air Asia Bhd has reported a ten-fold increase in share values in almost ten months.

EdR expands with Elauwit. EdR, a market leader in the ownership and operations of collegiate housing has announced that it has purchased a 10% stake in Elauwit Networks, a service provider of Internet access, telephone and video services.

China Asset Management predicts rebound in Chinese stock prices for 2012. According to China Asset Management Co, stocks of Chinese companies would rally in value as the government continues to find ways to augment the economic recovery of the country.

Proxy advisers clamoring for job split for Disney's Iger. Walt Disney Co. shareholders have been advised by proxy advisers ISS and Glass and Lewis & Co to urge the split of CEO and Chairman duties currently held by Robert Iger.

BT purchases ESPN UK and Ireland with ESPN America coverage. BT, in a bid to pry open the hold of BSkyB over the pay-TV sports market in Europe, has agreed to purchase ESPN's UK and Ireland television business.

Etihad nearing deal for stake in India's Jet Airways. For the price of US$70 million, Abu Dhabi's Etihad Airways purchased Jet Airway's slots at Heathrow Airport in London.

Orbimed expands into Indian healthcare industry. Orbimed Advisors of New York is now preparing to launch its second Pan Asia Healthcare Fund by the end of 2013.

THQ bankruptcy court to supervise asset sale. In an announcement, THQ Inc has announced that it would be selling its remaining intellectual properties through a Court supervised sale auction.

JP Morgan CEO issues warnings on capital hoarding. JP Morgan Chase and Co CEO Jamie Dimon said in a conference that lenders are accumulating more capital than needed.

Apple CEO under fire for cash hoarding, falling shares and tepid growth. The shareholder meeting for Apple Inc shareholders would be held tomorrow at its headquarters in Cupertino, CA.

Tribune Puts Up Assets for Sale The Tribune Corp has engaged the services of two of the top investment banks to assess sales opportunities for its newspaper unit.

Keith Rabois quits Square and joins Khosla Ventures. One of Silicon Valley's most well-known and most decorated executives and angel investor has resigned as Chief Operating Officer of Square.

Commonwealth REIT stock offer opposed making share prices soar. (Photo : faqs. org) In its biggest gain in more than four years, Commonwealth REIT share prices increased after Related Cos and Keith Meister challenged the plan set by the company of selling shares.

Oaktre pays GBP165 million for Countryside. Oaktree Capital Management LLC, the world's largest distressed debt investor, has purchased Countryside Properties Plc through debt provided by former owner Lloyds Banking Group.

Sinopec gets sweetheart deal according to analysts. The US$1. 02 billion deal entered into China Petrochemical for Chesapeake Energy Corp shale oilfield interests is just one third of its actual value.

New job cuts in the offing for JP Morgan Chase. JP Morgan Chase has announced that it would be undertaking another round of layoffs, numbering between 3,000 to 4,000 employees in its consumer bank operations by 2013.

Potash Corp takeover bid for ICL still ongoing. Saskatchewan based Potash Corporation is serious in its bid to wrest majority control over Israel Chemicals Limited.

TPG purchases Assisted Living shares for US$278 million Investment firm TPG has reached an agreement with Assisted Living Concepts Inc for the sale of its senior living residence operations for US$278 million.

AT&T expands into Europe with wireless technology applications. The largest US phone company, AT&T would be expanding to Europe through licensing of its mobile home watchdog products.

Rosneft expects to get EU approval of TNK-BP takeover. An unnamed source familiar with the deal has intimated that Rosneft, the Russian oil conglomerate would get unconditional European Union regulatory approval of its takeover of TNK-BP.

Vodafone claims ability to expand in Europe under current circumstances. Vodafone in an announcement said that it need not sell its stake in its venture with Verizon Wireless in order to be competitive in Europe.