Reuters News

(Reuters) – Mobile data revenue is expected to jump 23 percent this year thanks to increased usage of smartphones and tablets, as the number of global mobile connections passes 5 billion. Mobile data services revenue will total $314.7 billion this year, a 22.5 per cent increase from 2010, research firm Gartner said on Thursday. It […]

(Reuters) – Warburg Pincus is placing bets on mom-and-pop investors neglected by big Wall Street firms intent on courting the elite. The private equity giant last week agreed to buy a majority stake in Mutual Fund Store LLC, an investment adviser that has grown steadily by selling mutual fund portfolios to people with as little […]

(Reuters) – Competition is brewing in the small but booming market for flash memory used in corporate data centers, and analysts foresee a wave of consolidation as larger players move in. Giant tech companies from International Business Machines Corp to Western Digital Corp are sharpening their focus on lightning-quick flash storage, hoping to ride a […]

(Reuters) – Avista Capital Partners and Cinven are among four private equity firms bidding for Thomson Reuters Corp’s trade and risk management software business, Kondor, people close to the matter said. Buyout shops Bridgepoint and Montagu have also advanced to the second round of the auction of Kondor, which could fetch between $600 million and […]

(Reuters) – Private equity- and venture capital-backed initial public offerings in Asia have surged 77 percent in the year to date to the highest level ever, according to the latest Thomson Reuters data, as funds look to show returns to investors ahead of new fundraisings. With investors wary after an extended period of no returns […]

(Reuters) – Industrial conglomerate Ingersoll Rand is in late-stage discussions with private equity firm Clayton Dubilier & Rice to sell its Hussmann refrigeration business, two people familiar with the matter said. The value was not immediately clear on Tuesday. Hussmann — which provides supermarkets and food retailers with display cases, refrigeration systems and beverage coolers […]

(Reuters) – LivingSocial agreed to buy South Korean online daily deal provider TicketMonster in a stock-swap to expand further into the Asian market, the companies said on Tuesday, without disclosing the value of the deal. The acquisition is LivingSocial’s largest to date and comes as the No. 2 U.S. daily deal player steps up overseas […]

(Reuters) – Oilfield services provider C&J Energy Services Inc said it raised $333.5 million in its initial public offering of common stock. The company priced its offering of 11.5 million shares at $29 per share — higher than the $25-$28 per share range it had set earlier. The Houston-based company had told the U.S Securities […]

NEW YORK, July 28 (Reuters) – Some U.S. companies and private equity firms are hitting the pause button on deals as the U.S. debt ceiling debate turns into a cliffhanger. A U.S. credit downgrade or default if lawmakers don’t reach a deal on a deficit reduction plan would raise the cost of financing transactions and […]

(Reuters) – Buyout firms are rolling up their sleeves, hopeful of getting their hands dirty with a growing number of takeover targets unloved by their corporate owners and never before touched by private equity. A selection of GlaxoSmithKline’s non-prescription drugs, fashion group PPR’s catalogues and online retail division Redcats, and Oberthur’s smart cards business are […]