Reuters News

Facebook must face shareholder class actions over IPO: Reuters

A federal judge has certified two shareholder class action lawsuits accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company's initial public offering in May 2012.

Two Chinese citizens in insider trading settlement with U.S. regulator: Reuters

Two Chinese citizens including a former employee at private equity firm TPG Capital LP have agreed to pay $920,000 to resolve U.S. regulators' allegations they engaged in insider trading, Reuters reported.

Venture capitalist Bill Gurley resigns from GrubHub board: WSJ

Venture capitalist Bill Gurley resigned from the board of GrubHub Inc (GRUB.N) last week, the Wall Street Journal reported on Monday.

Pep Boys says Icahn offer is superior, moves to terminate Bridgestone deal: Reuters

Pep Boys-Manny Moe & Jack (PBY.N) said its board determined activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone Corp (5108.T), and the U.S. auto parts retailer moved to terminate the Bridgestone agreement.

Oliver Wyman, SocGen to advise on rescued Italian banks, say sources: Reuters

U.S. consulting firm Oliver Wyman and French bank Societe Generale will advise on the sale of four small Italian banks rescued last month, sources told Reuters.

Areva picks Mirion-Charterhouse for sale of instrumentation business: Reuters

French nuclear group Areva said on Thursday it had chosen an offer from U.S Mirion and private equity firm Charterhouse to buy Canberra, its nuclear instrumentation and measurement business, Reuters reported.

KKR vehicle in exclusive talks to buy Italy's Sirti: Reuters

Pillarstone Italy, an investment vehicle set up by U.S. private equity fund KKR, has entered exclusive talks to buy Italian telecommunications group Sirti, it said on Monday.

Alibaba agrees to invest $1.25 billion in Chinese online food delivery service: report

Alibaba Group Holding Ltd (BABA.N) has agreed to invest $1.25 billion in Chinese online food delivery service Ele.me, leading business weekly Caixin reported on Friday.

Cognizant, NTT, Atos vie for Dell's Perot Systems: Reuters

Business services companies Cognizant Technology Solutions Corp, NTT Data Corp and Atos SE are competing to acquire Perot Systems, an IT management business of Dell Inc, Reuters News reported.

Bridgestone raises offer for Pep Boys, trumps Icahn: Reuters News

Japanese tire maker Bridgestone Corp (5108.T) raised its offer for Pep Boys-Manny, Moe & Jack (PBY.N) to about $947 million, trumping activist investor Carl Icahn's current $900 million bid, Reuters News reported.