Reuters News

(Reuters) – Netflix Inc is separating its movie streaming business from its DVD-by-mail service, which it is renaming Qwikster, Chief Executive Officer Reed Hastings said in a company blog post. The announcement comes after Netflix had to cut subscriber forecasts after it increased the monthly subscription for a joint streaming and DVD rental service by […]

(Reuters) – The auction of online video site Hulu has been slowed by recent developments which could derail it completely, according to sources familiar with the process. Among the issues are conflicts over complicated digital rights, a wide bid-ask gap, and Yahoo being sidelined as a potential buyer by its own issues. Moreover, NBC Universal’s […]

(Reuters) – Blackstone Group is expected to sell its 50 percent equity stake in London’s Broadgate development for up to 600 million pounds ($944 million) in 2012, possibly reaping an eight-fold return on investment, two sources said. The U.S. private equity company, one of the largest property investors in the world, is in the early […]

(Reuters) – Former Kleiner Perkins partner Eric Feng says there’s room for one more social network– built around experiences, not people. His network, Erly.com, launches on Wednesday and draws on the idea that people want to organize their experiences– weddings, bike rides, or vacations– around events themselves, rather than people who participate. Critics may scoff […]

(Reuters) – Intel Corp and Google Inc launched a development partnership on Tuesday, the latest effort by the world’s dominant maker of PC microprocessors to break into the booming smartphone market. The two companies will work together to optimize future versions of Google’s Android mobile software for Intel’s “Atom” processors, hoping to speed the development […]

(Reuters) – U.S. prosecutors have launched a criminal probe into whether eBay Inc employees misappropriated confidential information from classified ad service Craigslist, according to a copy of a grand jury subpoena obtained by Reuters. The two companies have been feuding for years in civil court over allegations that online giant eBay used its Craigslist board […]

(Reuters) – LivingSocial is set to run the first nationwide grocery store daily deal, teaming up with organic giant Whole Foods Market Inc. LivingSocial, the second-largest daily deal company, said it will be offering $20 worth of products at any Whole Foods store for $10. The deal is scheduled to run on Tuesday and is […]

(Reuters) – Private equity group CVC is considering a bid for Orange Switzerland despite resistance from seller France Telecom to let it into the auction for Switzerland’s third-largest mobile phone company, four people familiar with the situation said. Detailed sales information will be sent to interested parties very shortly, people said, initiating a sales process […]

(Reuters) – Google Inc’s effort to break into the daily deal industry and challenge industry leaders Groupon and LivingSocial is not going well, according to data released on Monday. In its third month of operation, the performance of Google Offers declined in its major markets of New York, San Francisco and Portland, Oregon, data from […]

(Reuters) – Evernote, which makes a popular app for taking notes and storing data on tablets, phones and personal computers, is considering filing for an initial public offering by the end of next year, its chief executive told Reuters on Friday. Evernote has more than 14 million users, with about 500,000 users who pay $5 […]