TheSkimm received USD1.1 million in seed funding for the development of its newsletter for busy professionals.

GE Ventures entered the crowdfunding arena by partnering with the OurCrowd platform. GE Ventures embraced crowdfunding today by partnering with OurCrowd, an Israeli crowdfunding platform.

Smartphone pioneer BlackBerry dropped its plans for a buyer search and fired its CEO Thornsted Heins.

A poll taken by AP-CNBC showed that almost half of active investors think that Twitter is a bad buy.

MediaSpike raised USD5.2 million from investors for the placement of ads in mobile and social games.

CapMan sold its equity stakes in Curato AS to Altor Fund III. Funds managed by CapMan have completed the exit from Curato AS, as announced earlier in its press release on September 16.

Svelte Medical Systems had closed USD22 million from its latest funding round to be used for its new heart surgery products and research.

The European Central Bank's bets on easing euro zone rates pushed most of its government bonds up.

US fund York Capital Management invested EUR100 million in GEK Terna, one of Greece's top construction groups.

Telecom equipment maker Alcatel-Lucent launched EUR955 million in capital increase and USD750 million in high-yield bonds.

Dubai developer DAMAC Properties announced its plans to sell USD500 million worth of shares on the London Stock Exchange.

The 25-storey DoubleTree by Hilton opened in China's Anhui province. Today, DoubleTree by Hilton announced that DoubleTree by Hilton Wuhu had been open in Anhui Province, China.

Florida-based retailer Edwin Watts Golf Shops LLC filed for bankruptcy protection in Delaware. U. S. golf retailer Edwin Watts Golf Shops LLC had filed for Chapter 11 bankruptcy protection.

Chinese carmaker BYD Co Lt said it would hire more local workers for its California plant after being accused of breaking US labor rules.

Merlin Entertainments was set to close its London float order books early because of the strong demand, according to a source.

The shares of solar-cell maker Shunfeng Photovoltaic International Ltd rose after it agreed to buy Suntech Power for $492 million.

Centrica decided to scrap plans for £2 billion wind farm unless the government subsidies to be given will be significantly increased.

Tri Pointe Homes Inc. approached the final stage of closing a $2.7 billion deal to buy Weyerhaeuser Co's homebuilding unit.

Lululemon answered new round of complaints about the quality of its yoga pants. Just a few months after Lululemon faced complaints about the sheerness of its yoga pants, the clothing company is again facing a new wave of complaints regarding the quality of its products.

Trim Tabs showed data that investors poured US$54.2 billion into equity mutual funds. Investors flooded US equity mutual funds and exchange-traded funds with $54.

Fiat's Chief Executive verifies that talks are still ongoing over Chrysler buy out. Sergio Marchionne, Chief Executive of Italian carmaker Fiat, has confirmed that negotiations to buy the 41.

The company, more popularly known for its sewing machines, aims to rake in as much as US$200M from IPO.

Osram Licht AG's shares dropped by 2.4% and settles at Eur 23.65 on Monday Osram Licht AG, a German lighting and specialty lighting manufacturer second only to Philips, saw a drop in its shares by 2.

Envision Healthcare Holdings filred to acquire $100 million in IPO. (Photo : Reuters) This is an image of medical professionals using medical transportation services.