Private equity companies were the reason for the frozen yogurt shop explosion in the US, according to a CNBC report.

Savient Pharmaceuticals filed for bankruptcy protection and court approval to sell assets to a US WorldMeds unit.

A snow storm in South Dakota killed thousands of cattle and caused tens of millions in losses. A sudden storm that came earlier than winter decimated thousands of cattle in South Dakota.

VEBA Trust pegs shareholdings at USD3.6 billion. The healthcare trust affiliated with the United Auto Workers union had finally placed a price tag on the worth of its shares in Chrysler Group.

Wal-Mart Stores Inc and Xerox Corp blamed each other for the glitch that caused food stamp recipients to go on an all-out shopping spree over the weekend.

Xerox Corp said the glitch that affected food stamp beneficiaries in 17 states was caused by a temporary shutdown of the system after a test was performed.

Senate Congressional leaders from both parties have progressed as to reaching a deal on the debt ceiling and the budget impasse.

Food stamp recipients went for a two-hour shopping spree in Louisiana after a glitch removed spending limits on their cards.

Stock markets in Europe fluctuated wildly amidst the uncertainty of the US finalizing budgets for its debt servicing and other governmental services.

Maintenance, repair and overhaul firm Ascent Aviation Services Corporation receives capital infusion from private equity firm LongVue Capital.