NEW YORK (AP) - Stock indexes finished about where they started Tuesday after a round of disappointing corporate earnings and another drop in home prices. Trading was muted ahead of President Obama’s State of the Union speech, in which he was expected to outline a plan to reduce the deficit. (more…)
OAK BROOK, Ill. (AP) - McDonald’s fourth-quarter net income rose 2 percent as it brought in more customers with its McRib sandwich and an addition to its successful McCafe coffee lineup. (more…)
NEW YORK (AP) - Orange juice isn’t the only thing at your supermarket that’s been squeezed. (more…)
SAN FRANCISCO (AP) - Groupon, a rapidly growing service that offers hundreds of daily discounts in 500 local markets, has completed its biggest deal so far: a $950 million investment that will help finance its expansion and enrich its current shareholders, including some of its employees.
The infusion Groupon annou (more…)
NEW YORK (AP) - The holiday shopping season was the best since 2006, as a strong November more than offset spending that tapered off in late December. (more…)
NEW YORK (AP) - Groupon, the fast-growing Internet startup that offers local deals and discounts to members, has raised $500 million of the $950 million it is planning to collect in its latest financing round.
The Chicago company said in a regulatory filing Thursday it plans to use up to $344.5 million of the proceeds to buy back shares from existing shareholders, including founder and CEO Andrew Mason.
The money is being raised just a few weeks after Google Inc.’s failed attempt to buy 2-year-old Groupon for a reported $6 billion.
Previous funding — $135 million — came from Mail.ru Group, also known as Digital Sky Technologies, a Russian Internet investment firm that also holds a stake in Facebook.
NEW YORK (AP) - Stocks finished higher Wednesday as the market continued on pace for its best December in nearly twenty years. (more…)
NEW YORK (AP) - Holiday procrastinators packed stores Friday morning, grabbing those last few presents, snagging gift cards and the finishing touches for Christmas dinner. (more…)
WASHINGTON — Economic reports Thursday suggest employers are laying off fewer workers, businesses are ordering more computers and appliances, and consumers are spending more confidently. (more…)
The Associated Press
Walgreen Co., the largest drugstore operator in the U.S., said Wednesday that its net income jumped 19 percent in the fiscal first quarter as it continued to remodel thousands of stores and promotions were more successful. (more…)
