California-based Blackhawk Network Inc will be entering the prepaid market in Africa through a partnership with South Africa-based Opengate Technologies to distribute iTune Gift Cards to the country.

Wal-Mart Stores Inc. on Friday appointed senior vice-president Krish Iyer as new chief executive officer of Wal-Mart India. Iyer was named the retailer's new local unit CEO two months after Wal-Mart called off its Indian joint venture with Bharti Enterprises Pvt.

US-based EchoStar Corp. said it had ended talks with Vivendi SA's subsidiary Global Village Telecom on a proposed partnership in Brazil. The joint venture aims to provide pay TV services in the Latin American country.

As General Motors Co disposes its 7% shareholder interest in France's PSA Peugeot Citroen, the latter said it is currently in talks with Dongfeng about a potential tie-up.

GLG Partners, a London-based hedge fund, agreed to settle claims that it overvalued the purchase of a mining asset in 2008 in a deal worth about $9 million, Bloomberg reported.

Data from Thomson Reuters Lipper service showed that investors of US-based stock mutual funds pulled out a total of $6.51 billion in the week ending December 11, Reuters reported.

Despite releasing the local assets back to Nokia Oyj, the Delhi High Court clarified that the Finnish company will still be liable to any remaining tax bills from the local mobile phone plant that Microsoft will be acquiring.

US-based professional technical services provider Jacobs Engineering Group Inc announced the completion of its merger with Australia-based firm Sinclair Knight Merz in a deal valued at AU$1.3 billion.

California-based hybrid storage solutions provider Nimble Storage is expected to raise $184 million on its debut on the New York Stock Exchange tomorrow with shares priced between $18 to $20 apiece.

US-based hedge fund Golden Tree Asset Management LP increased its stake in English-language daily newspaper publisher Postmedia Network Canada to 39% in a deal valued at $1.6 million.