General Motors Co. has named Mary Barra as new chief executive officer a day after the US government exited its final shares of GM. Barra will replace GM CEO Dan Akerson who is retiring on January 15.

Fairfax Media Ltd, the leading diversified media firm in Australia, has purchased property data and mapping company Property Data Solutions Pty Ltd for approximately USD30 million.

Dexus Property Group and the Canadian Pension Plan Investment Board sweetened their bid for the property fund controlled by the Commonwealth Bank of Australia, Bloomberg reported.

Blackstone Group, the largest real estate private equity firm, recently said that it targets more real estate acquisitions in Asia. It has invested USD3 billion in the region since making its first deal in 2007.

Belfast-based scientific camera maker Andor Technology has finally agreed to a GBP176 million takeover bid from Oxford Instruments after five months of stalemate between the two firms.

California-based gifting service Loop Commerce has added a PayPal investment to its previously closed Series A round, increasing the round's total funding from USD7 million to USD12 million.

Canada-based oil producer Cardinal Energy Ltd gathered CAD 225 million for its initial public offering, the biggest IPO in the country since Oryx Petroleum Corp raised CAD 250.5 million in May, a Bloomberg report said.

Referral marketing platform Extole has gathered USD 5 million from Norwest Ventures, Redpoint Ventures, Shasta Venture and Trident Capital. It also added Mark Cyster and Chris Duskin to its executive team.

Tomkins Ltd. has began the process for an exit deal that could bring in at least USD6 billion to the British manufacturer. It reportedly hired Goldman Sachs Group to advise on its proposed sale or listing.

San Francisco-based gaming startup nWay has raised USD5 million in a funding round led by Translink Capital to build out its ChronoBlade massively multiplayer online (MMO) game.