JPMorgan Chase & Co finalized a USD13-billion settlement with the US Justice Department to end a long legal fight over the bank's risky mortgage practices that helped pull down the country's economy.

Cloud-based recurring revenue management solutions provider Aria Systems was able to get USD 40 million from Bain Capital Ventures and other investors for its fourth funding round.

Three financial sources said Russia-based oil firm Bashneft selected Morgan Stanley, Sberbank, and Barclays as global coordinators for the company's planned secondary listing in London.

Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.

An annual Citibank survey found that Hongkongers' interest in purchasing property dropped more than 10% year-on-year and that the average quarterly property transactions fell by 40%.

Petroleum company Devon Energy Corp. was nearing a deal to takeover Texas-based GeoSouthern Energy Corp. for USD6 billion. This would be Devon's second large transaction in less than a month.

After years of continued growth since the first modern accelerator began in 2005, the startup accelerator trend has slowed for the first time in 2013, according to a report from TechCrunch.

European private equity group 21 Partners agreed to purchase French pharmaceutical manufacturing company Synerlab from premium independent private investment firm Ardian for an undisclosed amount.

Dr. Peregrino Brimah of Every Nigerian Do Something or ENDS said Africa is not ready for Africapitalism at this time. He cited the reasons for this in his essay entitled "Is Africapitalism Good Or Bad For Africa?"

Private equity firm New Mountain Capital LLC is exploring a sale of Inmar Inc, a provider of coupon processing and logistics services to companies, seeking more than $600 million, according to three people familiar with the matter.