Vitol, in a move to boost profits, purchases the Immingham power plant. The world's biggest oil trader, Vitol, has entered into an agreement to purchase the largest and most modern power plants in Britain.

Taobao.com and Tmail.com are seeking partners as it dominates markets in China among others. The world's largest online retailer, Alibaba Group Holding Ltd is now seeking to find partners for its processing and logistics units as it tries to entice more shoppers from overseas unit right before the conduct of its IPO.

Alibaba Group has purchased 28% of AutoNavi Holdings Ltd for US$294 million. China's largest e commerce company, the Alibaba Group has purchased a 28% share in AutoNavi Holdings Ltd, the digital mapping company.

Icahn and Southeastern Asset Management sent a letter to indicate interest in bidding for the world's third largest PC maker.

Ares purchases AREA Property and undertakes management shakeup. Ares Management LLC disclosed through an announcement that it inked a final contract to purchase AREA Property Partners, LP.

Rio Tinto's Northparkes mining rights in Australia are in the cross hairs of the Carlyle Group.

Scale Venture Partners raise US$300 million. Scale Venture Partners announced today that it was able to secure US$300 million in pledges at the conclusion of ScaleVP IV LP, going beyond the actual amount it was aiming to raise.

Lehman may sell off US$14 billion in unsecured claims to raise funds to pay off debts and other claims.

NLB and NKBM, Slovenian banks are planning capital hikes totalling Eur767 billion. Two of Slovenia's largest banks, namely NLB and NKBM are planning to introduce capital hikes worth a combined total of Eur767 billion or US$1 billion.

eleni LLC would build African commodity exchanges with the help of Sir Bob Geldof's 8 Miles Fund.