Reuters News

(Reuters) – Apple Inc scored a narrow victory against Taiwan’s HTC Corp in a patent lawsuit over smartphone technology that will set the stage for further battles between rival makers in the fiercely competitive market. In a case seen as a proxy for a larger fight between Google Inc’s Android operating system and Apple’s iOS, […]

(Reuters) – The upstart wireless company that is being bankrolled by Philip Falcone’s $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company’s financial statement. LightSquared, which registered a $427 million net loss during the first nine months of this year, may not […]

(Reuters) – Glam Media, the women’s lifestyle online publishing and advertising company, is close to selecting bankers to lead an initial stock offering slated for 2012, according to people familiar with the matter. Investment banks Goldman Sachs and Morgan Stanley are in the running to lead Glam Media’s IPO, the people said, following a selection […]

(Reuters) – Groupon Inc shares dropped on Wednesday after the top underwriter on the company’s recent initial public offering started research coverage with a luke-warm report. Analysts at Morgan Stanley came out with an “equal-weight” rating on the stock and cited “fierce competition” in the daily deal industry, which Groupon leads. As if to hammer […]

(Reuters) – Online gaming firm Nexon Co slipped on its trading debut on Wednesday following a $1.2 billion IPO, Japan’s biggest this year, and may signal a bumpy ride for U.S.-based rival Zynga, which debuts on Nasdaq later this week. Zynga, which has developed the popular FarmVille and Mafia Wars games for Facebook, has had […]

(Reuters) – U.S.-Israeli start-up CloudShare, whose technology enables Web-based development and testing of software applications, expects to as much as triple sales in 2012 as its benefits from the rapidly growing cloud computing market. “I think next year we will be two to three times larger than this year in terms of sales,” CEO Guri […]

Reuters – Jive Software shares jumped 38 percent in their market debut, a day after strong demand helped the company sell more shares at a price higher than it expected. Jive, which provides social networking software for businesses and counts Hewlett-Packard, SAP, T-Mobile and UBS as clients, sold 13.4 million shares at $12 each. The […]

(Reuters) – Jive Software Inc priced its initial public offering at $12 per share, above its expected price range of between $8 and $10 per share, according to an underwriter. Jive, which makes software that integrates online communities, microblogging, social networking, discussion forums, blogs, wikis, and instant messaging under one interface, had filed in August, […]

(Reuters) – Blue Coat Systems Inc. (Nasdaq: BCSI), which makes equipment that secures, monitors and speeds Internet traffic, has agreed to be taken private for $1.1 billion in a deal that throws a lifeline to a company beset by falling sales and a U.S. government probe into use of its products by Syria. An investor […]

(Reuters) – Several buyout firms are preparing to participate in the roughly $4 billion auction for the unit of chemical maker DuPont that makes automotive finishes and industrial coatings, people familiar with the matter said. DuPont is reviewing the sale of its performance coatings business, sources said previously, as the company reconsiders its focus after […]