Reuters News

Nov 2 (Reuters) – Discount clothing retailer Syms Corp, famous for saying educated consumers were its best customers, filed for bankruptcy on Wednesday along with its Filene’s Basement chain and both plan to go out of business. The bankruptcy is the third and likely final trip through bankruptcy for Filene’s Basement, a chain famous for […]

(Reuters) – Groupon Inc’s IPO may be the biggest test yet for the nascent private stock exchanges that allow investors to trade the shares of hot start-ups like Facebook Inc before they go public. The daily deals website is the first major company set to price its initial public offering at a valuation far below […]

(Reuters) – Big private equity firms are scrapping over bite-sized deals as they wait for financing markets that seized up over the summer to reopen for billion-euro-plus prospects across Europe. After a strong first half in which large buyouts returned at companies such as Swedish cable group Com Hem and French engineering firm Spie, turbulence […]

(Reuters) – SecondMarket Inc, a leading player in the market for private company stock, is trying to get a piece of the initial public offering of Groupon Inc, according to an email obtained by Reuters on Monday. SecondMarket Senior Vice President Jeff Thomas emailed potential investors on Friday who previously traded through the firm to […]

(Reuters) – Venture capitalist Bill Gurley has noticed something new this autumn: a big jump in the number of what he calls “legitimate introductions” that he receives each day to entrepreneurs who hope he might invest in their start-up companies. The money-seekers are companies that have benefited from a tidal wave of early-stage investing in […]

(Reuters) – Private equity firm Madison Dearborn Partners has decided against selling TransUnion and will pursue a public offering for the credit reporting firm as originally planned, sources familiar with the matter said. A sale of the business, which competes with firms such as Experian Plc and Equifax Inc., was expected to fetch more than […]

(Reuters) – Tony Fadell, known as the godfather of the iPod, has made a new gadget with the help of a small army of engineers and designers from Apple Inc and other tech giants including Google Inc and Microsoft Corp. Instead of the next hot digital media device, Fadell on Tuesday unveiled a new thermostat […]

(Reuters) – Google Inc. has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc.’s core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter. Google and prospective partners have held preliminary discussions but have not come up with a […]

(Reuters) – Chinese solar companies could soon find themselves bereft of some of their biggest foreign markets as Western manufacturers intensify a solar trade war and seek stiff anti-dumping duties on low-cost Chinese products. German group SolarWorld said on Thursday it was working on steps to curb alleged price dumping by Chinese rivals in Europe. […]

(Reuters) – Groupon Inc said in a regulatory filing on Friday that it plans to raise as much as $540 million in an initial public offering, less than previously planned, as the largest daily deals company grapples with a weak equity market, executive departures and questions about its accounting and business model. Groupon plans to […]