News Burst: Scoot, face financial turbulence

Scoot and TheStreet's UK arm face off with investors and are the latest to suffer from the ripple effects of soured investor sentiment.

Scoot, the directory and e-commerce site, reported widening losses Thursday related to its acquisition of the UK's biggest classified advertising newspaper. In the meantime, investors' news site is reported to face difficulties raising new funds, partly as a result of a decline in the fortunes of its US affiliate and majority owner,

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