Reuters News

Oct 14 (Reuters) – British media group Daily Mail & General Trust (DMGT) said it agreed to merge its online property business with Zoopla Ltd, a property search and information firm, as it looks to gain market share from Rightmove , Britain’s most visited property website. As part of the deal, the consumer media business […]

(Reuters) – After four years in private hands, Bausch & Lomb may soon head back to the public market as Chief Executive Brent Saunders is setting sights on an IPO for the U.S. eye-care giant “in the next couple of years.” Saunders, a CEO of a year and a half, is also focusing on at […]

(Reuters) – Spotify, the European music streaming service backed by digital entrepreneur Sean Parker, has more than 250,000 paying users in the United States since it opened up shop in July, according to three people familiar with its data. The London-based company, which suffered significant losses in 2010 as it expanded to new markets, has […]

(Reuters) – Cerberus Capital Management and Chatham Lodging Trust have reached a tentative agreement to buy bankrupt Innkeepers USA Trust at a lower price than in an earlier deal that fell apart, a source close to the talks said. Cerberus and Chatham would acquire 64 of the bankrupt hotel operator’s properties for about $1 billion […]

(Reuters) – Privately owned oil and gas company Cordillera Energy Partners is exploring a sale and is hoping to bring in more than $3 billion, sources familiar with the matter said. Cordillera, which is owned by private equity firm EnCap Investments LP and other investors, has around 213,000 acres and more than 400 operated wells […]

(Reuters) – EMI Group Ltd, the home of Coldplay and Katy Perry, looks increasingly likely to be sold off as two separate businesses — recorded music and song publishing — after final bids came in last week, according to several people familiar with the matter. The British music company is reviewing competing offers for EMI […]

(Reuters) – AOL Inc CEO Tim Armstrong has been meeting with top shareholders in the past couple of weeks to push the idea of a sale to Yahoo Inc that could wring up to $1.5 billion of cost savings, according to sources with knowledge of the discussions. While Yahoo’s own strategic review has bumped AOL […]

Oct 12 (Reuters) – Venture capital firm Benchmark Capital has selected Salesforce.com’s Craig Weissman as its new entrepreneur-in-residence, demonstrating a continuing interest in technology surrounding big data and the “cloud.” Weissman joined Benchmark last month, after nine years at Salesforce.com. That company is considered to be a pioneer in cloud-based software, meaning accessible from anywhere […]

(Reuters) – Jones Group Inc, a maker of clothing, shoes and accessories, is in talks to sell off its stagnating jeanswear division as it focuses on its more profitable luxury brands, a move that sent its shares up as much as 14 percent. Jones said it is in talks with Israel’s Delta Galil Industries Ltd, […]

(Reuters) – Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival. Companies in a range of businesses, including hair salons, restaurants, renewable energy, and the paper industry, have tumbled into […]