Reuters News

(Reuters) – Green is back in venture capital circles — but call it light green. Having placed big bets on capital-intensive industries like solar and ethanol just as the financial crisis quashed interest in risky new technologies, early-stage investors these days have a limited appetite for startups that need large amounts of cash to bring […]

NEW YORK, June 27 (Reuters) – LivingSocial bought three online daily deal websites spanning Asia and the Middle East and started a site in the Netherlands as part of its plan to expand globally, the company said on Monday. The acquisitions of Ensogo, DealKeren and GoNabit expand LivingSocial’s market to 21 countries from 13. “This […]

(Reuters) – The Los Angeles Dodgers filed for bankruptcy protection, blaming Major League Baseball Commissioner Bud Selig for rejecting a television deal with Fox Network to give the financially strapped baseball team a quick injection of cash. Monday’s filing marks a dramatic attempt by Dodgers owner Frank McCourt to keep the league from seizing the […]

(Reuters) – Mobile location based start-up Foursquare raised $50 million in a round of financing lead by venture capital firm Andreessen Horowitz, the company said on Friday. With this latest round of funding, the New York-based company is valued at about $600 million, according to a source familiar with the deal. O’Reilly AlphaTech Ventures, Union […]

(Reuters) – An Illinois-based pension fund with assets of $37 billion is planning to significantly increase its investment in private equity by pumping up to $7 billion in the asset class over the next five years. Private equity firms have struggled to raise new funds since the credit crisis but several are coming back to […]

SAN FRANCISCO, June 24 (Reuters) – Top venture-capital firm Kleiner Perkins Caufield & Byers is considering creating a specialized fund that focuses on cloud-based technologies. “We’re big believers in the cloud,” Kleiner’s Matt Murphy told Reuters on Thursday evening. Murphy runs Kleiner’s iFund, a vehicle that focuses on companies that build businesses around Apple Inc’s […]

(Reuters) – Olympic rowing twins Cameron and Tyler Winklevoss are pushing ahead with another suit against Facebook, a day after they decided not to appeal a U.S. Supreme Court ruling upholding their $65 million settlement with Facebook and its founder Mark Zuckerberg. In a status report filed on Thursday with the U.S. District Court of […]

(Reuters) – Netflix Inc Chief Executive Reed Hastings is joining the board of directors at Facebook. “(Hastings) has built a culture of continuous rapid innovation, something we share and work hard to build every day,” said Mark Zuckerberg, founder and chief executive of Facebook in a statement released on Thursday. Hastings’ appointment as Facebook director […]

(Reuters) – Olympic rowing twins Cameron and Tyler Winklevoss have decided not to appeal to the Supreme Court a ruling upholding their $65 million settlement with Facebook Inc and its founder Mark Zuckerberg, signaling the possible end of the long-running dispute. The 2008 accord was intended to resolve a feud over whether Zuckerberg stole the […]

SAN FRANCISCO, June 22 (Reuters) – Square, a start-up company seeking to change the way people pay for goods, has enlisted a board member who knows a thing or two about money. Former U.S. Treasury Secretary Lawrence Summers has joined the two-year-old San Francisco company’s board of directors, Square said on Wednesday. The move represents […]