Reuters News
(Reuters) - FBI agents searched the offices of Solyndra on Thursday, the U.S. solar startup that received millions of dollars in federal loan guarantees before filing for bankruptcy this week.
The search comes amid intensifying pressure on the Obama administration, which championed Solyndra as being at the forefront of solar technology when President Barack Obama visited the company's Fremont, Calif., facility in 2010.
The FBI said it was searching for materials, including documents, but did not offer more specifics.
"We are executing search warrants at Solyndra regarding ...
(Reuters) – Only about half of Twitter’s 200 million-plus registered members log on daily but the microblogging website is chalking up growth of 40% every quarter in mobile device usage, Chief Executive Dick Costolo said on Thursday. Twitter, one of a coterie of Internet social networking services like Facebook and Google Inc.’s embryonic “Google+”, is […]
TrueCar, a company that provides car-sales prices to consumers, has raised over $200 million in debt and equity financing to use for acquisitions and growth, the company said. The transaction underscores continuing investor enthusiasm for companies that allow consumers to find good buys using the Internet. Daily-deals site Groupon has 115 million subscribers, although it […]
(Reuters) – Facebook’s revenue rose to $1.6 billion in 2011’s first half, a source with knowledge of its financials told Reuters. Net income in the first half of 2011 came to almost $500 million, according to the source, who wished to remain anonymous because privately-held Facebook does not disclose its results. Facebook’s strengthening results come […]
(Reuters) – Dell Inc. and China’s top search engine, Baidu Inc., plan to jointly develop tablet computers and mobile phones, targeting the Chinese market dominated by Apple Inc. and Lenovo. China is one of the fastest growing markets for tablets and is home to more than 900 million mobile phone subscribers, but analysts were skeptical […]
(Reuters) – It’s been a rough summer for U.S. initial public offerings after the stock market nosedived, but tech issues could see strong demand after bankers and fund managers return from vacation in September. The growth promised by tech companies is dramatic and such growth is hard to come by as fears about a European […]
(Reuters) - Michael Arrington, founder of TechCrunch and one of the highest-profile U.S. technology bloggers, has created a $20 million venture capital fund to invest in promising startups, Arrington told Reuters.
Fortune magazine's Term Sheet blog was the first to report the news.
The fund, called CrunchFund, raised an inaugural $20 million fund in September, according to TechCrunch's CrunchBase. "Investors in CrunchFund include AOL, Accel Partners, Austin Ventures, Kleiner Perkins Caufield & Byers, Greylock Partners, Redpoint Ventures, Sequoia Capital, the founding partners of Andreessen Horowitz, each of the general partners of Benchmark Capital, Ron Conway, Yuri Milner & Kevin Rose," CrunchBase reports.
Investor AOL bought TechCrunch in September 2010.
The move comes months after Arrington publicly announced that he had ...
Google Inc’s board of directors faces a lawsuit for previously allowing Canadian pharmacies to advertise prescription drugs to U.S. customers via the Web search leader. The civil lawsuit, filed on behalf of a Google shareholder on Monday, claims the ads — which Google stopped displaying in February 2010 — led to what it calls the […]
(Reuters) – Verizon Communications said on Thursday that it had bought privately held software developer CloudSwitch to boost its business services division. Terms of the deal were undisclosed. CloudSwitch raised $15.42 million over two rounds in 2009 from Atlas Venture, Commonwealth Capital Ventures and Matrix Partners, according to Thomson Reuters (publisher of peHUB). Atlas and […]
Creative Artists Agency, the largest talent representation firm in Hollywood, is considering opening an office in Silicon Valley to expand its ties with the technology community, according to two people familiar with the firm’s plans. CAA, whose client roster includes Brad Pitt, Oprah Winfrey and Peyton Manning, wants an “on the ground presence” to help […]