Reuters News

(Reuters) – Apple Inc’s increasingly effective patent war against rivals like Samsung Electronics may mask its real target: arch-foe Google Inc. The maker of the iPad and iPhone has sued three of the largest manufacturers of Google’s Android-based devices — Samsung, Motorola and HTC — for multiple patent infringements across multiple countries, pointing out “slavish […]

(Reuters) – The Treasury Department may be playing undertaker to the underwriter. Talk to any investment banker and they will tell you how banks are barely making any money selling Treasury’s shares in bailed-out companies like General Motors Co and American International Group Inc. Underwriting fees on recent deals as the U.S. government sells out […]

(Reuters) – Smartphone maker HTC will buy a 51 percent stake of U.S. company Beats Electronics for $309 million, it said on Thursday, its latest move to fend off rising competition and enhance its branding. This would be HTC’s fifth acquisition this year, as the company fights to increase share in a market where Apple […]

(Reuters) – One U.S. company postponed its IPO and another cut the price range on Wednesday as tumultuous trading continued in markets. WageWorks, which runs employee benefit programs, postponed indefinitely its $49 million initial public offering due to volatile market conditions, an underwriter said. Carbonite, which sells Web-based computer backup products, cut the price range […]

(Reuters) – Groupon Inc’s second-quarter loss more than doubled as it hired more than 1,000 new employees, even though the Internet daily deals company trimmed back its marketing costs. Revenue rose to $878 million in the second quarter compared with $644.7 million in the first quarter, and rose more than 900 percent from $87.3 million […]

(Reuters) – Investors who bet big money on the outcome of merger and acquisition deals are scurrying as a plunging stock market jeopardizes many transactions. U.S. stock markets have fallen more than 10 percent in the last week on investor worries about a global economic slump, exacerbated by Standard & Poor’s downgrade late on Friday […]

(Reuters) – Shopkick Inc, a mobile commerce company backed by Kleiner Perkins, Greylock Partners and LinkedIn founder Reid Hoffman, has signed 12 major brands to its location-based shopping app, said co-founder Jeff Sellinger. Walt Disney, General Mills and Levi Strauss are among the companies that joined Shopkick’s platform, he said in an interview with Reuters […]

(Reuters) – The Carlyle Group is seeking a buyer for auto parts supplier Diversified Machine Inc and the business may fetch more than $400 million for the private equity firm, people familiar with the matter said. Diversified Machine Inc, formed by Carlyle in 2005, is a precision machining company that makes chassis and powertrain components […]

(Reuters) – Groupon Inc subscribers have more than doubled to 115 million so far this year, according to a person familiar with the situation. Groupon had 50.58 million subscribers at the end of 2010. That jumped 64 percent to 83.1 million at the end of the first quarter. Since then, the number of subscribers has […]

(Reuters) – Guidewire Software Inc, which sells software to the insurance industry, is gearing up to go public and has selected JPMorgan Chase & Co and Deutsche Bank to underwrite the deal, people close to the matter said. The Silicon Valley-based company is regarded to be the leading software maker for the $1.7 trillion property […]