The US Bankruptcy Court for the District of Delaware approved the USD280 million bid of KPS Capital Partners for Missouri-based bankrupt company Furniture Brands International.

The New York governor announced that the state is investing USD225 million in clean tech startups Soraa and Silevo to build two research and development facilities in Buffalo.

The creation of The Bitcoin Investment Trust (BIT) by online marketplace SecondMarket was reportedly a precursor to more vehicles for investors intending to bet in Bitcoin at its popularity.

The Galeao airport in Rio de Janeiro was sold to Odebrecht and its partner Changi Airports International for USD8.3 billion, a value almost four times the minimum bid.

Although accounting regulator the Public Company Accounting Oversight Board (PCAOB) said Deloitte Touche Tohmatsu Limited failed to correct its irregularities in its audit work seen in 2009, it lauded the accounting firm for making efforts to rectify irregularities found by the board during its review in 2010 and 2011.

Drayton McLane Jr, Comcast and NBC Universal said that Jim Crane's claim that they cheated him out of the acquisition deal of US professional baseball team the Houston Astros was ludicrous.

Colorado-based building and battery startups Prescient, Boulder Ionics, and RoundPegg announced that they received funding from investors this week, which will be used for expansion and development.

Ikea's overall sales rose 3.1% to EUR 1.27 billion for the financial year to August. The home decor and building materials company recorded an impressive 29% increase in online sales, which allowed Ikea to reach new demographics.

TPG Capital believes there are still many opportunities can still be found in the cost-saving goal of the country's current health-care reform, as stated by a principal at the megafirm.

Observers said the delay in Sprout Farmers Market Inc's stock offering is a rare occurrence, but the said plan is expected to push through next week.