Reuters News

(Reuters) – The FBI arrested at least 14 people on Tuesday as part of a wide-ranging investigation of the Internet vigilante hacking group Anonymous, a law enforcement source said. The arrests came after claims by the group it broke into Apple Inc servers and launched attacks last year that shut down sites of MasterCard Inc. […]

NEW YORK, July 18 (Reuters) – Borders Group Inc., the second-largest U.S. bookstore chain, said it has canceled an upcoming bankruptcy auction and will close its doors for good. The company said in a statement Monday it was unable to find a buyer willing to keep it in operation and will sell itself to a […]

(Reuters) – More customers than ever will buy tablet computers and smartphones this year, driving consumer electronics revenue to a record high of $190 billion in 2011, according to a new forecast from a leading industry trade group. Sales of tablet computers such as Apple Inc’s iPad and its rivals will reach 26.5 million units, […]

(Reuters) – Global cruise line operator Norwegian Cruise Line Holdings Ltd filed with U.S. regulators to raise up to $250 million in an initial public offering. After the company reorganizes itself following the close of the offering, it will become the parent company of NCL Corporation, which shelved its plans to go public, according to […]

LONDON, July 14 (Reuters) – Private equity firm Permira is eyeing a listing of pay-television technology firm NDS, a person familiar with the matter said, holding out the possibility of a rare piece of good news for its minority partner News Corp. Permira, which took NDS private in 2009 in a deal valuing the business […]

(Reuters) – Global private equity firm Carlyle Group has raised 3.2 billion yuan ($495 million) for its projected 5 billion yuan China fund, launched last year, the firm said in a statement. The fund, Beijing Carlyle Investment Center L.P., has become the first foreign fund to be registered with China’s National Development and Reform Commission […]

(Reuters) – Electronic Arts Inc, the video game publisher, is buying PopCap Games in a deal worth up to $1.3 billion as it tries to ramp up its social and casual games portfolio and better compete with Zynga Inc. As part of the deal, EA said it will pay about $650 million in cash and […]

(Reuters) – Shares of Pandora Media Inc dropped nearly 4 percent on Tuesday after the online radio company said it will not renegotiate fees paid to music companies until 2014, offering little comfort to investors worried about hefty royalty charges. The Internet music-streaming service operator said on its first analysts’ conference call that improved margins […]

(Reuters) – When people worry about valuations, Eric Schmidt likes to remind them about Google Inc. The Internet search provider made its stock debut in 2004 at $85 a share, a price tag many at the time thought outlandish. Seven years on, that number has swelled to north of $500 and Google is the fourth-largest […]

NEW YORK, July 11 (Reuters) – Top shareholders of data processing company DST Systems Inc will meet in New York on Tuesday to discuss management’s recent dismissal of buyout overtures, activist investor Russell Glass said. Glass told Reuters that at least 20 of the largest institutional investors in the company would attend the meeting, which […]