Reuters News

(Reuters) – A General Motors Co unit has invested $7.5 million and taken an undisclosed stake in Sunlogics Inc, helping the solar energy systems manufacturer to establish plants in Michigan and Canada and create 310 jobs at the small company. GM Ventures said it also signed commercial agreements with Sunlogics for the installation of solar […]

MUMBAI, July 26 (Reuters) – Bolstered by banks offering record amounts of loans for takeovers, Indian companies are taking on grand plans and greater risk amid heavy supply demand and a shaky economic picture. Midway through 2011, M&A financing volumes, completed and pipeline, are already nearly 30 percent larger than the previous record set for […]

(Reuters) – Two out of three U.S. food and beverage executives see their companies being involved in a merger or acquisition over the next two years, as they seek to streamline portfolios and put cash reserves to work. According to a survey by U.S. audit firm KPMG that will be released on Tuesday, 67 percent […]

(Reuters) – Len Blavatnik’s Access Industries, Sony Music Entertainment and Vivendi SA’s Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd, people familiar with the situation said. Potential bidders for parts or all of the 114-year-old music company also include Ronald Perelman’s MacAndrews & Forbes, Tom […]

(Reuters) – Blackstone Group LP, Carlyle Group and Stifel Financial Corp are among the firms expected to submit bids Monday for Morgan Keegan, the brokerage unit of Regions Financial Corp, sources familiar with the situation said. The brokerage unit is drawing interest from several private equity firms and rivals, the sources said. TPG Capital, Apollo […]

(Reuters) – Groupon Inc’s privacy and data-collection policies came under congressional scrutiny on Thursday, the latest sign of regulatory pressure on the largest online daily deals company. Representatives Joe Barton (R-Texas) and Edward Markey (D-Mass.), co-chairmen of the House Bi-Partisan Privacy Caucus, said they sent a letter on Thursday to Groupon Chief Executive Andrew Mason […]

SAN FRANCISCO, July 21 (Reuters) – The economy has consumers in a stranglehold, and some tech entrepreneurs — and well-heeled venture-capitalists — are taking notice. Los Angeles-based ZestCash is the latest in a string of short-term consumer-loan companies to win VC backing, landing $11 million in Series A equity financing from a group led by […]

(Reuters) – Groupon Inc’s rapid growth has attracted rivals and regulators, a twin threat to the largest online daily deal company as it gets ready for an initial public offering. At a daily deals conference in San Francisco this week, executives from AT&T Inc, MasterCard Inc and Facebook described their plans to expand in the […]

(Reuters) – Private equity firm Hudson Clean Energy Partners on Tuesday said it is expanding into China as it seeks to capitalize on that nation’s growing appetite for green technology. The move into China will allow Hudson to both invest in Chinese cleantech companies and help Hudson’s existing portfolio of companies capture growth opportunities there, […]

(Reuters) - Twitter Chief Executive Dick Costolo called secondary markets a distraction and expects private companies will increasingly enact policies to restrict the trading of its shares on those unregulated exchanges. Microblogging service Twitter, along with fellow red-hot social media companies Zynga and Facebook, have already had to put in place "lots of policies to constrain that," Costolo told the audience at a Fortune conference in Aspen, Colo. In December, an investment led by venture capital firm Kleiner Perkins valued the company at $4 billion. Since then, an $80 million investment by Andreessen Horowitz in February on the private markets valued Twitter at $4 billion, and recent transactions have accorded the company a price tag of as much as