Tech giant IBM Corp. said it will invest more than $1 billion to create the IBM Watson Group. The new business unit will enable IBM to get more revenue from the supercomputer system Watson.

China-based car parts conglomerate Wanxiang has sweetened its bid for failed US electric car maker Fisker Automotive in a battle with its rival suitor, Hong Kong-based firm Hybrid Technology.

The Municipal Securities Rule-making Board has released draft rules today aimed at tightening the standards that govern the conduct of firms that give advice to public officials regarding their municipal bonds.

McKesson Corporation has sweeten its offer for German counterpart Celesio AG in a bid to win over hedge fund Elliott Management Corporation. McKesson has lifted its bid from €23 per Celesio share to €23.50 apiece.

New York, US-based small and medium business (SMB) capital provider CAN Capital scored $33 million in a funding round co-led by Meritech Capital Partners and Accel Partners.

India-based global marketing solutions company Indegene acquired Atlanta, US-based outcomes research firm Total Therapeutic Management (TTM) for an undisclosed sum to expand its presence in the US.

Private equity firm Apollo Global Management is looking to exit its investment in Australia-based fund-of-hedge-fund manager HFA Holdings. HFA is the owner of investment manager Lighthouse Investment Partners.

Irving, Texas-based luxury hotel company Omni Hotels & Resorts has bought the iconic Montelucia Resort & Spa in Scottsdale, Arizona for an undisclosed amount, to be renamed as the Omni Scottsdale Resort & Spa at Montelucia.

New York-based private equity firm KKR & Co was able to gather $2 billion for a fund called the KKR Special Situations Fund that will provide financing to distressed firms in North America, Europe and Asia.

American rapper and producer Sean "Diddy" Combs struck a partnership with UK-based consumer goods firm Diageo Spirits to acquire the luxury tequila brand DeLeon in their second 50-50 joint venture.