Reuters News

(Reuters) – The shares and options of Sears Holdings Corp rose on Tuesday on speculation the operator of Sears department stores and the Kmart discount chain could go private. “There is a rumor that Bruce Berkowitz of Fairholme and Eddie Lampert could take Sears private,” Jon Najarian, a co-founder of online stock, options and futures […]

(Reuters) – U.S. legislation aimed at curbing online piracy, which had appeared to be on a fast track for approval by Congress, appears likely to be scaled back or jettisoned entirely in the wake of critical comments over the weekend from the White House, people familiar with the matter said. The legislation, known as SOPA […]

(Reuters) – Online shoe retailer Zappos told customers this weekend that it has been the victim of a cyber attack affecting more than 24 million customer accounts in its database. The popular retailer, which is owned by Amazon.com, said customers’ names, email addresses, billing and shipping addresses, phone numbers and the last four digits of […]

(Reuters) – Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking said. TPG has informed executives at Sony, Canon Inc, Fujifilm Holdings and Panasonic Corp of its interest […]

(Reuters) – US Airways Group and private equity firm TPG Capital are among several parties interested in potential bids for AMR Corp, the bankrupt parent of American Airlines, people familiar with the matter told Reuters. These parties have been following AMR’s bankruptcy proceedings closely to evaluate a prospect for a merger or tie-up with American […]

(Reuters) – Shares in Research In Motion climbed nearly 4 percent on Thursday on market speculation the BlackBerry maker had hired investment bank Goldman Sachs to explore strategic options. RIM has been the target of a steady stream of takeover talk as its market valuation has crawled along at multi-year lows amid product delays and […]

(Reuters) – Apple said on Wednesday it had bought Israel’s Anobit, a maker of flash storage technology whose chips it already uses in gadgets such as the iPad. Israeli media reported on December 20 that Apple bought Anobit for as much as $500 million, its first acquisition of an Israeli company. Apple declined to comment […]

(Reuters) – Blackstone Group LP, the world’s largest private equity asset manager whose industry in the United States is in the political crosshairs, is seeking to prevent people from registering negative internet domains by acquiring them first. Blackstone has registered several domain names critical of the buyout firm through MarkMonitor, a company that describes itself […]

(Reuters) – Telecom startup LightSquared is mounting a last-ditch effort to win U.S. regulatory approval for a new wireless network after being outmaneuvered by the GPS industry, which has spun doomsday scenarios of interference problems that could cause planes to fall out of the sky and threaten national security. Billionaire hedge fund manager Philip Falcone […]

(Reuters) – Brocade Communications System Inc has received first-round bids from a handful of potential buyers as the company explores a sale, sources familiar with the matter said. Shares of the San-Jose, California-based maker of switches and routers for managing data traffic jumped as much as 10.4 percent on Monday after Reuters reported the company […]