[at BusinessWeek] - Founded by Kai-Fu Lee, former head of Google s China division, business incubator Innovation Works is funding 12 startups amid strong demand for Web technology

[at Fox Business] - Shares of Rex Energy Tuesday after the oil and gas company announced its joint venture agreement with a subsidiary of Sumitomo Corp, Summit Discovery Resources II, one of Japans largest trading and investment firms.

[paidContent.org] - Chartbeat, an analytics startup that provides subscribers with a snapshot of how people are interacting with their sites—in real-time—has raised $3 million in a first round of funding from Index Ventures.

Google Inc has acquired Angstro, a startup that sorts news and information across social networks like Facebook, a spokesman for the leading Web search provider said on Sunday.

Netscape co-founder Marc Andreessen s venture capital firm is starting its second fund and targeting $650 million to invest, peHUB, a unit of Thomson Reuters, reported on Wednesday.

VSS Monitoring, a network traffic monitoring company, has taken $20 million in growth equity from Battery Ventures.

Warner Chilcott Plc lowered the extent of the hit it expects to take to its 2010 and 2011 profit forecast arising from a planned debt recapitalization. The specialty pharmaceutical company said it completed an amendment to its existing credit facilities and took on an additional $1.5 billion in new term loans.

China s Everbright Securities has offered to sell a 12 percent stake in its fund management joint venture with U.S. financial group Pramerica Financial.

VigLink, a Google-backed startup that helps publishers monetize the traffic they send to e-commerce sites, is buying more established rival DrivingRevenue. Like VigLink, which launched its service earlier this year, DrivingRevenue provides customers with a few lines of code which they embed on their sites in order to automaticalaly enroll in thousands of affiliate marketing programs; they get a commission whenever visitors click on a link to a third party site and make a purchase.

Smooth-Stone, a semiconductor start-up, has pulled in $48 million from an international group of investors in a bid to disrupt one of Intel s most lucrative franchises: server chips.