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Groupon Dumps CEO, Despite His Huge Stock Holdings

courtesy of Groupon Inc.Most analysts believed that it was only a matter of time before Groupon Inc. (NASDAQ: GRPN) CEO Andrew Mason lost his job. He controlled enough of the company’s shares (19.5% of…

Douglas A. McIntyre · 14 years ago

Detroit on the Brink

Mayor Dave Bing of Detroit has told a press conference today that Michigan Governor Rick Snyder will announce tomorrow his decision on hiring an emergency financial manager for the city. Bing did not say…

Paul Ausick · 14 years ago

IBM Holds Lead in Server Market

ThinkstockThe second half of last year was supposed to bring some improvement in server sales following a first half during which customers were sitting on their wallets waiting for new products. The improvement, when…

Paul Ausick · 14 years ago

Today’s Market Winners and Losers

Photo by Spencer Platt/Getty ImagesThe stock market was mixed Thursday, with the Dow Jones Industrial Average unchanged, the Nasdaq up 0.32% and the S&P 500 up 0.10%. Today’s sole winner is a health company…

247sam · 14 years ago

What’s Important in the Financial World (2/28/2013)

ThinkstockBoeing and Japan Japan’s airline industry has more to lose than that of any other nation as delays in fixing the Boeing Co. (NYSE: BA) 787 Dreamliner continue. All Nippon Airways (ANA) in particular…

Douglas A. McIntyre · 14 years ago

Media Digest (2/28/2013) Reuters, WSJ, NYT, FT, Bloomberg

courtesy of AOL, IncIndia increases government spending and raises taxes on the wealthy as a means to improve growth. (Reuters) Groupon Inc. (NASDAQ: GRPN) shares are pounded after a poor forecast. (Reuters) Apple Inc.…

Douglas A. McIntyre · 14 years ago

America’s Happiest (and Most Miserable) States

ThinkstockAccording to a Gallup poll released today, the United States has shown almost no improvement in well-being in the past five years, increasing slightly from 2011 when Americans reported the most miserable scores since…

Mike Sauter · 14 years ago

Groupon Earnings So Poor It Offers Groupon on Own Stock

courtesy of Groupon Inc.Groupon Inc. (NASDAQ: GRPN) reported fourth quarter and full year 2012 earnings after markets closed today. For the quarter, the daily deals company posted a diluted earnings per share (EPS) loss…

Paul Ausick · 14 years ago

24/7 Wall St. Closing Bell — February 27, 2013: Markets Climb on Mixed Data, News (LNKD, GOOG, VRSN, GTI, NOK, AWK, EIX, PCLN, FSLR, RRC, WFT, DLTR, JOY, SWC, TGT, CECO, CLR, GRPN, GTAT, JCP, LTD, MNST, RGR, PANL, BKS, CVC, KSS, SHLD, FSLR, ZNGA, AH)

U.S. equity markets opened higher this morning following markets in Europe and Asia, most of which were also pointed higher. In Asia, equities were mostly higher following yesterday’s buoyant session in the U.S. The…

Paul Ausick · 14 years ago