Okada quits ahead of ouster move. Kazuo Okada resigned from Wynn Resorts Ltd not waiting for the results of the board of directors' vote. The Japanese billionaire is actually facing ouster by the board.

Renesas is restructuring and will sell shares of stock to improve its overall position. Shareholders of Renesas Electronics Corp had passed a resolution to approve a sale plan amounting to 150 billion yen.

ING Bank Australia to sell record high mortgage backed bonds. ING's Australia unit, ING Groep NV is projecting to sell up to Aus$2 billion or US$2.

New agreements forged to complete Utica Joint Venture. The Utica Joint Venture, comprising of MarkWest Energy Partners LP and the Energy and Minerals Group announced the formalization of an Amended and Restarted Limited Liability Company Agreement for MarkWest Utica EMG LLC.

REIT purchases sprawling Ontario property for expansion. True North Apartment Real Estate Investment Trust has announced that it would acquire four properties in the Ontario area for a total purchase price of US$25.

Petroleum company purchased for US$4.3 billion. A merger agreement was settled between Berry Petroleum Company, LINN Energy LLC and LinnCo LLC. LINN Energy and LinnCo would purchase all of Berry's current outstanding shares totaling US$4.

Alvarion sells carrier licensed division to rival Telrad. Alvarion has recently entered into an agreement with Telrad networks for the acquisition of Alvarion's carrier licensed division.

Softbank would turn to bond issue to fund Sprint Nextel purchase stake. Japanese wireless carrier Softbank Corp. has agreed to purchase a US$20 billion stake in Sprint Nextel Corp.

GM expands interests in South Korea. An additional US$7. 3 billion is being eyed by General Motors Co. to be invested into its South Korean subsidiary spread over five years.

Dell stock buyout plan seen as unfair. The Dell privatization plan is facing stiff criticism from hedge fund manager David Einhorn. Einhorn, who is in the midst of battle with Apple over that technology innovator's US$137 billion cash fund, is using the buyout of Dell shares as a cash policy that is unfriendly to its shareholders.

Tata Sons limits liability in airline joint venture. It what it called a as a mere 'financial investment', Tata Sons announced it was placing a ceiling on its joint venture into the airline business at Rs 49 crore.

KKR values Gardner Denver at US$3.7 billion. KKR and Co LP, the private equity firm has submitted a bid offer of US$75 per share for industrial machine maker Gardner Denver Inc.

HP earns modestly, though leaner compared to previous years. Under the leadership of CEO Meg Whitman, Hewlett-Packard cut costs and was able to make a turn around, translating to a share value appreciation of over five percent.

Malaysian conglomerate partners with Saudi firm for new business in the Middle East. DRB-Hicom Bhd announced last Thursday that it would be teaming up with SITM to participate in the bidding for the Saudi Arabian airport ground management services.

Prokhorov selling stake at Polyus. Flamboyant Russian billionaire Mikhail Prokhorov is finalizing the details of his divestment of his thirty eight percent share in Russia's biggest gold miner.

India sends investigation team to Italy. Indian officials would be travelling to Italy to further investigate allegations of corruption and bribey allegations against Italian defense firm Finmeccanica.

KKR bids on AXA's private equity funds unit. Henry Kravis's KKR and Co. is making its largest buyout bet when it weighs in on the purchase of AXA SA's private equity fund division.

TVS Logistics buys Rico Logistics TVS Logistics has announced it has acquired a majority stake from UK based firm Rico Logistics. This purchase would be in line in achieving the objective of US$1 billion turnover on or before 2015 as well as expand opportunities in the country.

Netia to buyback shares of stock in 2013. Netia, Poland's second largest telecommunications group is considering the implementation of a share buyback programme totaling 128 million zlotys or about US$41.

Canvera awarded more venture capital money Canvera Digital Technologies Pvt Ltd was able to raise about US$6. 5 million in Series B round of funding from other sources at a time when known venture capitalists are leaving the market.

Wells Fargo continues private equity investment activity despite Volcker Rule. Wells Fargo and Co CEO Dick Kovacevich initially had reservations about banks dabbling in private equity investments.

A wrongful death is filed against Union Pacific Railroad Company alleging negligence. (Photo : Reuters) Renee Ammari, 21 and Tanya Sayegh, 18 died of critical injuries after a Union Pacific Railroad Company train ran down their stalled vehicle near the Mission Inn Avenue grade crossing in Riverside, CA last October 31, 2007.

Juniper Network employs high security systems for its mobile carrier clientele. (Photo: Reuters) The industry leader in network innovation, Juniper Networks has unveiled a new line of security cards for specific use for its SRX5600 and 5800 Series Services Gateways.

The New York Times is putting up the Boston Globe group for sale for a second time (Photo : Reuters) For the second time, the prestigious Boston Globe has been put up for sale by its current owners, the New York Times Co.

ExxonMobil purchases Celtic Exploration (Photo : Reuters) In compliance with the Investment Canada Act, the Canadian Minister of Industry has recently announced the approval of the acquisition by ExxonMobil Canada Ltd of Celtic Exploration Ltd.

Essex Property purchases Fox Plaza property Essex Property Trust, Inc. , one of the foremost property developers in the West Coast has expanded in its property interests in San Francisco, California with the recent purchase of the Fox Plaza.

Forstmann Little is now deep into preparation for the sale of IMG, the sports and modelling agency. IMG, one of the most prominent talent agencies in the world who represents such names as Serbian tennis superstar Novak Djokovic as well as Brazilian supermodel Giselle Bundchen-Brady has recently been put up for sale.

Pinterest wins US$200,000 funding to increase value to US$2.5 billion. (A screen grab of the home page of Pinterest. com) Pinterest, the most popular online image pinboard recently won US$200 million worth of new funding for its operations.