Reuters News

(Reuters) – Hundreds of businesses crawling out of bankruptcy in the hands of hedge funds and other financial owners are hanging the “for sale” sign on their doors. Distressed debt investors such as Paulson & Co, Avenue Capital and Silver Point Capital that took control of bankrupt companies during the financial crisis are looking to […]

(Reuters) – David Einhorn has struck out in his attempt to buy a stake in the New York Mets. Einhorn, who runs the hedge fund Greenlight Capital, said on Thursday that his plans to buy a large minority stake in the Major League Baseball team for $200 million has collapsed. “I am disappointed to announce […]

(Reuters) – Start-up companies using “freemium” business models, including Dropbox, SurveyMonkey, Animoto and Eventbrite, are thriving as the cost of computing power and storage falls. These are among a slew of venture-capital backed businesses that offer some products and services free, then try to lure customers into upgrading to premium versions that cost money. This […]

(Reuters) – The Obama administration on Wednesday filed to block AT&T’s proposed acquisition of wireless rival T-Mobile USA because of anti-competitive concerns, two sources familiar with the matter said. Blocking the combination on antitrust grounds would be a big blow to the telecommunication giant’s expansion plans. A Justice Department spokeswoman declined to comment as did […]

(Reuters) – Barnes & Noble Inc reported a narrower quarterly loss as strong sales of the largest bookstore chain’s Nook e-reader helped mitigate declining book sales. The retailer forecast sales of Nook and its e-books would more than double this fiscal year to $1.8 billion, sending shares up 17 percent to $13.33 on Tuesday morning. […]

(Reuters) – India’s Future Group is in talks with a clutch of potential buyers including JPMorgan and Kohlberg Kravis Roberts and Co to sell its financial services arm, Future Capital Holdings, three sources with direct knowledge of the matter told Reuters. The group, which has hired Morgan Stanley to run the sale process, is also […]

(Reuters) – A brutal 2011 has left the solar industry dazed, damaged and on the cusp of a major shakeout of weaker players who are more likely to shut down than be snapped up by their stronger rivals. Solar subsidy cuts in top markets Italy and Germany prompted a 20 percent drop in the price […]

(Reuters) – Monster Worldwide isn’t looking so monstrous lately. Shares of the parent of online job board Monster.com are down nearly 70 percent this year, with most of that loss coming since early July. A company that once boasted a multi-billion dollar market valuation is now worth less than $1 billion. Worries over slowing U.S. […]

NEW YORK, Aug 24 (Reuters) – Genomatica Inc, which makes chemicals from renewable feedstocks, wants to raise as much as $100 million in an initial public offering to capitalize on burgeoning interest in the green chemistry sector. The San Diego-based company, in a filing with the U.S. Securities and Exchange Commission on Wednesday, did not […]

(Reuters) – Tim Cook, the small-town football fanatic turned chief executive of the world’s largest technology company, long faced the question of whether he had the same remarkable vision as his predecessor Steve Jobs. The question became even more important on Wednesday when Jobs resigned from Apple Inc and Cook took his place, with Jobs’ […]