Hyundai Motor Co. on Friday named sales chief David Zuchowski as the new chief of its US arm. Zuchowski will replace incumbent US chief John Krafcik, whose contract expires at the end of the year.

Apple Inc. has filed a proxy statement with the US Securities and Exchange Commission on Friday. Apple investors are set to vote on activist investor Carl Icahn's $50 billion stock repurchase proposal on February 28.

China's Oceanwide Real Estate Group will acquire a sprawling parking lot in downtown Los Angeles for $200 million to develop a five-star hotel, apartments and retail spaces.

Private equity firm KKR & Co. takes the top spot in Dealogic's list of most acquisitive investment firms, spending about $174 billion in 34 companies this year.

Reuben Kressel, a 66-year old investor, completely sold his entire holding in Twitter Inc. after its shares dropped as much as $5.91 or 8% on Friday's market close. Kressel owns 500 shares in the micro-blogging site.

Marathon Asset Management, the New York-based hedge fund that owns the town of Scotia in California needs to make a slick exit, The Wall Street Journal reported.

The 18.6% increase in the shares of listings backed by private equity firms will fuel the demand of institutional investors as more public debuts are being planned, the Financial Times reported.

US bank regulators said they would consider allowing banks to hold on to complex securities despite the Volcker rule prohibiting them from owning such and would arrive at a decision in the middle of January.

Shares of debt-laden construction firm FCC SA leaped by as much as 8.8% on Friday following news that American hedge fund Soros Fund Management, controlled by billionaire George Soros, had acquired a 3% stake in the company.

US law firms Nixon Peabody and Blank Rome is reportedly in merger talks to create the 33rd largest law firm in the country. Nixon Peabody is a Boston-based law firm, while Blank Rome hails from Philadelphia.