Highfields, other funds dove into Dell fray in first quarter BOSTON (Reuters) - Several top stock-picking hedge funds bought about 30 million shares of PC maker Dell Inc in the first quarter, possibly increasing pressure on company founder Michael Dell to improve his bid to take the company private.

Dell is embroiled in a leveraged buyout deal propo... ...Read More »

Hedge fund Highfields Capital dove into Dell fray in first quarter BOSTON (Reuters) - Hedge fund Highfields Capital bought 23 million shares of PC maker Inc in the first quarter, according to a securities filing by the fund on Wednesday.

Dell is embroiled in a leveraged buyout deal led by founder Michael Dell to go private for $13.65 per share, a price th... ...Read More »

JANA Partners reveals stakes in Zynga, Groupon By Alistair Barr and Svea Herbst-Bayliss

BOSTON (Reuters) - JANA Partners, a leading activist hedge fund firm run by Barry Rosenstein, has taken a liking to two of the most beaten-up technology stocks.

JANA, which oversees more than $4 billion in U.S. stock holdings, ... ...Read More »

Google launches streaming music service ahead of Apple By Alexei Oreskovic and Edwin Chan

SAN FRANCISCO (Reuters) - Google Inc launched a music service on Wednesday that allows users to listen to unlimited songs for $9.99 a month, challenging smaller companies like Pandora and Spotify in the market for streaming music.

Wi... ...Read More »

Amazon cloud partner Apptio raises $45 million By Alistair Barr

SAN FRANCISCO (Reuters) - Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised $45 million from institutional investment firms including Janus Capital Group.

T. R... ...Read More »

More top hedge funds dropped Apple shares in first quarter (Reuters) - One-time hedge fund darling Apple Inc was dropped by more famous hedge fund managers in the first quarter, including John Griffin and Chase Coleman.

Shares of Apple were down $17.91, or 4 percent, in trading on the Nasdaq on Wednesday. The shares have fallen 40 percent from the... ...Read More »

Google music service starts Wednesday, steals march on Apple By Alexei Oreskovic and Edwin Chan

SAN FRANCISCO (Reuters) - Google Inc launched a music service on Wednesday that allows users to listen to unlimited songs for $9.99 a month, challenging smaller companies like Pandora and Spotify in the market for streaming music.

Wi... ...Read More »

Swedish prosecutor asks court to block file-sharer Pirate Bay STOCKHOLM (Reuters) - Swedish prosecutors have launched a new attempt to close down the popular file-sharing site The Pirate Bay, asking a court to block internet addresses used to access the site.

The Pirate Bay, one of the world's biggest file-sharing sites, allows individuals to dow... ...Read More »

Zynga jumps more than 7 percent on news Jana Partners took position BOSTON (Reuters) - Zynga Inc. shares jumped 7.6 percent to $3.57 in morning trading Wednesday, shortly after hedge fund manager Barry Rosenstein said his Jana Partners had taken a new stake in the online games developer earlier this year.

The stock price had been under pressure for some ti... ...Read More »

Zynga, Groupon jump as Jana Partners reveals stakes By Alistair Barr and Svea Herbst-Bayliss

BOSTON (Reuters) - Jana Partners, one of the leading activist hedge fund firms run by Barry Rosenstein, has taken a liking to two of the most beaten-up technology stocks, giving a fillip to the share prices of both companies Wednesday.

... ...Read More »