MediSafe closes funding from known investors. MediSafe one of the best mobile medication management solution providers, recently announced it had raised USD1 million in funding.

Raindance Technologies announced the closing of a USD35 million structured debt financing plans. An innovator in genomics tools, RainDance Technologies, had announced the closure of a structured debt financing plan for Capital Royalty Partners.

One of the private equity firms focused on information and communication, BV Investment Partners, have exited its investment in Butterfield Fulcrum in favor of Mitsubishi UFJ.

In an agreement signed last Monday, CapMan Buyout purchases Nice Entertainment for an undisclosed amount.

AMR and US Airways indicate new deadlines on their eventual decision on the merger as the lawsuit had affected the businesses.

GM debt had been upgraded by Moody's Investment Service to investment grade from junk status. General Motors' debt to investment grade status had been restored by Moody's Investment Service to investment grade.

Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements. A decision to cancel coupon payments was done by Monte dei Paschi di Siena on three hybrid loans set to fall due by the end of the month to comply with European conditions for the approval of a EUR4.

Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.

In an agreement with United Development Company, Qatar National Bank entered a credit loan facility to purchase units at The Pearl-Qatar.

R Hotel's investment plan is to expand its hotel line from three to six with an AED1.5 billion investment.

Senaat, because of surging stock values, had engaged the services of banks to run its IPO. Senaat, Abu Dhabi holdings firm, owns companies such as National Petroleum Construction Co, has engaged the services of HSBC Holdings Plc and JP Morgan Chase & Co for a share sale.

Aegis is looking at Asia, Europe and South America for possible acquisitions called 'tuck-ins'.

Harvard is setting the bar at USD6.5 billion for the improvement of campus, programs and housing in the university.

A number of domestic milk producers were chosen by Chinese authorities as recipients of state subsidies and tax breaks.

India's private equity deals earned USD924 million for August 2013. Nearly 36 private equity deals with a volume of USD924 million were completed in August.

News Corp, where 7% is owned by Prince Alwaleed Bin Talal,reported an increase in annual income. Publishing company News Corp controlled by Rupert Murdoch reported an annual revenue growth of 2.

Mike Lazaridis, one of the founders of BlackBerry, sought Carlyle's decision on a possible bid for the smartphone maker.

Fiat buys out GM to become sole owner of diesel engine manufacturer VM Motori. Fiat, the Italian carmaker, had laid out plans to takeover VM Motori, the Italian diesel engine manufacturer.

In a bid to comply with the 2010 Brazilian oil law, the government has sought ways to provide assistance for Petrobras to comply with requirements.

In a move designed to avoid default, ThyssenKrupp was able to receive an extension of its credit lines from banks before its planned share sale.

With plans to reach 10,000 companies by 2015, The Dubai Multi Commodities Centre had become the largest free zone in the United Arab Emirates.

Despite allegations of anticompetitive behavior, Huawei continued with expansion plans to Europe. Huawei, Chinese telecommunications equipment manufacturer, had laid out plans to create 5,500 jobs in Europe within five years.

Focus magazine reported that Deutsche Telekom would still choose a buyer for its online classified advertising business, Scout24.

Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.

Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.

With a net operating loss between USD950 million and USD995 million, BlackBerry is feared to be nearing its closure.

In a bid to cut overall costs, RWE had laid out plans to sell off assets to financial investors as well as cut down on its employee headcount.

With eerie similarities, BlackBerry is replicating the route taken by Palm Inc. into oblivion. The recent announcements for Canadian smartphone maker Blackberry are short of appalling, It had said it had a 40% decline in sales and had announced job cuts to a third of its current workforce.

Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.

The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.