Groupon http://www.globalpost.com/taxonomy/term/36373/all en Groupon hammered after fresh losses http://www.globalpost.com/dispatch/news/afp/130227/groupon-hammered-after-fresh-losses <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Groupon shares took a nosedive Wednesday after the online deals giant surprised markets by reporting fresh losses in the past quarter and a weaker-than-expected outlook.</p> <p>Shares plunged 24 percent to $4.53 in after-hours trade after the Chicago-based firm reported a loss of $81 million in the fourth quarter, and a $67 million dollar deficit for the full year.</p> <p>The loss translated to 12 cents per share in the quarter, compared with expectations of a profit of three cents a share.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130227/groupon-hammered-after-fresh-losses" target="_blank">read more</a></p> Andrew Mason Groupon Groupon Sales promotion Technology AFP Wed, 27 Feb 2013 23:01:10 +0000 Agence France-Presse 5769063 at http://www.globalpost.com US STOCKS-Futures tick higher ahead of GDP, jobless data http://www.globalpost.com/dispatch/news/thomson-reuters/130228/us-stocks-futures-tick-higher-ahead-gdp-jobless-data <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* S&amp;P 500 has gained 1.9 percent over past two sessions</p> <p>* Fourth-quarter GDP may be revised to show growth</p> <p>* J.C. Penney, Groupon both sink on weak revenue</p> <p>* Futures up: Dow 16 pts, S&amp;P 2.7 pts, Nasdaq 4.5 pts</p> <p>By Ryan Vlastelica</p> <p>NEW YORK, Feb 28 (Reuters) - U.S. stock index futures edged modestly higher on Thursday as investors were reluctant to make big bets following a sharp two-day rally and ahead of a rash of data.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130228/us-stocks-futures-tick-higher-ahead-gdp-jobless-data" target="_blank">read more</a></p> Business Futures contract Groupon Stock market Thomson Reuters Thu, 28 Feb 2013 12:45:04 +0000 Thomson Reuters 5769638 at http://www.globalpost.com http://www.globalpost.com/dispatch/news/afp/130228-43 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Groupon CEO Andrew Mason ousted after losses, stock slump</p> <p>soe-rl/adm</p> Groupon AFP Thu, 28 Feb 2013 22:01:00 +0000 Agence France-Presse 5770259 at http://www.globalpost.com URGENT ¥¥¥ Groupon CEO ousted after losses, stock slump http://www.globalpost.com/dispatch/news/afp/130228/urgent-groupon-ceo-ousted-after-losses-stock-slump <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Groupon said Thursday it was replacing chief executive Andrew Mason, after the struggling daily deals firm saw its share price plunge 24 percent in response to disappointing quarterly results.</p> <p>The company said executive chairman Eric Lefkofsky and vice chairman Ted Leonsis would take over the post of chief executive, effective immediately and that Groupon "will continue to invest in growth."</p> <p>soe-rl/adm</p> Eric Lefkofsky Groupon Sales promotion AFP Thu, 28 Feb 2013 22:01:05 +0000 Agence France-Presse 5770260 at http://www.globalpost.com Groupon CEO 'fired' after losses, stock slump http://www.globalpost.com/dispatch/news/afp/130228/groupon-ceo-fired-after-losses-stock-slump <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Groupon said Thursday it was replacing chief executive Andrew Mason, who said he was "fired," following the struggling daily deals firm's share price plunge of 24 percent after bad quarterly results.</p> <p>The company said executive chairman Eric Lefkofsky and vice chairman Ted Leonsis would take over the post of chief executive, effective immediately and that Groupon "will continue to invest in growth."</p> <p>The board thanked Mason, a founder of Groupon, and said it has begun a search for a new chief executive.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130228/groupon-ceo-fired-after-losses-stock-slump" target="_blank">read more</a></p> Andrew Mason Business Groupon Groupon Human Interest Labor Law Sales promotion Technology AFP Thu, 28 Feb 2013 22:45:36 +0000 Agence France-Presse 5770293 at http://www.globalpost.com US stocks end lower after Dow flirts with record http://www.globalpost.com/dispatch/news/afp/130228/us-stocks-end-lower-after-dow-flirts-record-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Dow Jones Industrial Average rose tantalizingly close to an all-time high Thursday, but failed to top the five-year-old mark and ended up in the red after a late-session sell-off.</p> <p>Shrugging off the looming "sequester" government budget cuts, the Dow pushed as high as 14,149.15 at midday, just below the all-time record of 14,164.53 reached on October 9, 2007, just ahead of the market crash and Great Recession.</p> <p>But investors dumped shares in the last 10 minutes of the session, leaving the Dow 20.88 points (0.15 percent) lower at 14,054.49.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130228/us-stocks-end-lower-after-dow-flirts-record-0" target="_blank">read more</a></p> Business Entertainment Groupon P/E ratio Sales promotion AFP Thu, 28 Feb 2013 22:46:05 +0000 Agence France-Presse 5770298 at http://www.globalpost.com UPDATE 4-Groupon fires CEO, Mason admits "failure" in candid memo http://www.globalpost.com/dispatch/news/thomson-reuters/130228/update-3-groupon-fires-ceo-mason-admits-failure-candid-memo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Mason pens unusually frank letter</p> <p>* Search begins for new CEO</p> <p>By Alistair Barr</p> <p>SAN FRANCISCO, Feb 28 (Reuters) - Groupon Inc fired Andrew Mason as chief executive officer on Thursday, ousting a co-founder who captured headlines with his quirky style but failed to reverse a crumbling share price or stop a gradual erosion of its main daily deals business.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130228/update-3-groupon-fires-ceo-mason-admits-failure-candid-memo" target="_blank">read more</a></p> Andrew Mason Groupon Groupon Inc Human Interest Sales promotion Technology Thomson Reuters Fri, 01 Mar 2013 00:45:19 +0000 Thomson Reuters 5770356 at http://www.globalpost.com Groupon's fired CEO Mason: the high and lowlights http://www.globalpost.com/dispatch/news/thomson-reuters/130228/groupons-fired-ceo-mason-the-high-and-lowlights <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>SAN FRANCISCO, Feb 28 (Reuters) - Andrew Mason signed off from the company he founded in his usual style: unconventional, colorful, full of humor and more than a little wacky.</p> <p>His letter to employees after being fired from Groupon Inc on Thursday became an instant hit on Twitter, garnering props for its self-deprecating style.</p> <p>But it should come as no surprise to anyone who knew of Mason's penchant for the weird and wacky.</p> <p>Here are a few of his famous public mentions:</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130228/groupons-fired-ceo-mason-the-high-and-lowlights" target="_blank">read more</a></p> Andrew Mason Andrew Mason Business Groupon Labor Law Sales promotion Thomson Reuters Fri, 01 Mar 2013 01:00:52 +0000 Thomson Reuters 5770368 at http://www.globalpost.com Dow hits 5-year high despite US budget mess http://www.globalpost.com/dispatch/news/afp/130301/dow-hits-5-year-high-despite-us-budget-mess <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The Dow Jones Industrial Average reached a new five-year high Friday as investors looked past the risks to the economy of impending federal spending cuts and bid up equities.</p> <p>The Dow jumped 35.17 points (0.25 percent) to 14,089.66, less than 100 points from all-time high of 14,164.53 on October 9, 2007, ahead of the markets crash and the Great Recession.</p> <p>The broad-based S&amp;P 500 increased 3.52 (0.23 percent) to 1,518.20, while the tech-rich Nasdaq Composite Index gained 9.55 (0.30 percent) to 3,169.74.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/dow-hits-5-year-high-despite-us-budget-mess" target="_blank">read more</a></p> Business Entertainment Groupon Sales promotion AFP Fri, 01 Mar 2013 22:31:29 +0000 Agence France-Presse 5771433 at http://www.globalpost.com US STOCKS-Strong data lifts Wall St, trumps sequester fears http://www.globalpost.com/dispatch/news/thomson-reuters/130301/us-stocks-strong-data-lifts-wall-st-trumps-sequester-fears <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* U.S. manufacturing gains offset weak overseas data</p> <p>* Investors see potential stock gains despite U.S. budget cuts</p> <p>* Chesapeake shares off after SEC escalates investigation</p> <p>* Groupon rallies after chief executive exits</p> <p>* Indexes up: Dow 0.3 pct, S&amp;P 0.2 pct, Nasdaq 0.2 pct</p> <p>By Rodrigo Campos</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130301/us-stocks-strong-data-lifts-wall-st-trumps-sequester-fears" target="_blank">read more</a></p> Business Dow Jones & Company Entertainment Groupon Sales promotion Thomson Reuters Sat, 02 Mar 2013 00:01:14 +0000 Thomson Reuters 5771470 at http://www.globalpost.com Ex-Oregon governor candidate charged in Facebook IPO fraud http://www.globalpost.com/dispatch/news/thomson-reuters/130319/ex-oregon-governor-candidate-charged-facebook-ipo-fraud <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Bernard Vaughan</p> <p>NEW YORK (Reuters) - A former Oregon gubernatorial candidate was arrested on Tuesday for his alleged role in defrauding investors who had hoped to buy shares of Facebook Inc before its initial public offering in May 2012, federal authorities said.</p> <p>Craig Berkman, 71, falsely told investors he had access to scarce pre-IPO shares of Facebook and other social media companies such as LinkedIn Corp, Groupon Inc and Zynga Inc, the U.S. Securities and Exchange Commission said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130319/ex-oregon-governor-candidate-charged-facebook-ipo-fraud" target="_blank">read more</a></p> Business Corporate crime Corporate finance Craig Berkman Groupon Initial public offering Stock market Thomson Reuters Tue, 19 Mar 2013 18:30:21 +0000 Thomson Reuters 5788033 at http://www.globalpost.com Groupon shows signs of life, shares surge http://www.globalpost.com/dispatch/news/thomson-reuters/130511/groupon-shows-signs-life-shares-surge <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Alistair Barr</p> <p>(Reuters) - Groupon Inc's quarterly revenue rose a faster-than-expected 7.5 percent after the company's North American daily deals business turned in a strong performance, stirring hopes that the struggling company may have begun to turn things around.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130511/groupon-shows-signs-life-shares-surge" target="_blank">read more</a></p> Andrew Mason Groupon Groupon Inc Human Interest Religion Sales promotion Technology Thomson Reuters Sat, 11 May 2013 22:45:44 +0000 Thomson Reuters 5835907 at http://www.globalpost.com US stocks fall, snapping streak of records http://www.globalpost.com/dispatch/news/afp/130512/us-stocks-fall-snapping-streak-records <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US stocks fell Thursday, as buyers took a breather after a slate of successive record closes.</p> <p>The Dow Jones Industrial Average fell 22.50 (0.15 percent) to 15,082.62.</p> <p>The broad-based S&amp;P 500 dropped 6.02 (0.37 percent) to 1,626.67, snapping a string of five straight days of setting fresh closing records.</p> <p>The tech-rich Nasdaq Composite Index gave up 4.10 (0.12 percent) to 3,409.17.</p> <p>The losses came on a day of mixed earnings reports and coincided with the US dollar breaching a key trading level against the yen, topping 100 yen for the first time in four years.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130512/us-stocks-fall-snapping-streak-records" target="_blank">read more</a></p> Business Groupon Sales promotion AFP Sun, 12 May 2013 10:31:19 +0000 Agence France-Presse 5836052 at http://www.globalpost.com Ex-Groupon CEO Mason 'takin' care of business' with motivational album, plans for new company http://www.globalpost.com/dispatch/news/the-canadian-press/130517/ex-groupon-ceo-mason-takin-care-business-motivational-album- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Former Groupon CEO Andrew Mason is diving into several new ventures, including indulging his inner rock star with an album of "motivational business music."</p> <p>Mason said Thursday on his blog that he recently spent a week in Los Angeles and recorded a collection of seven songs called "Hardly Workin'."</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130517/ex-groupon-ceo-mason-takin-care-business-motivational-album-" target="_blank">read more</a></p> Andrew Mason Andrew Mason Business Date of birth missing Groupon Labor Law Technology The Canadian Press Sat, 18 May 2013 00:45:35 +0000 The Canadian Press 5840686 at http://www.globalpost.com Former Oregon politician pleads guilty to Facebook IPO fraud http://www.globalpost.com/dispatch/news/thomson-reuters/130625/former-oregon-politician-pleads-guilty-facebook-ipo-fraud <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Bernard Vaughan</p> <p>NEW YORK (Reuters) - Former Oregon gubernatorial candidate Craig Berkman pleaded guilty on Tuesday to defrauding investors by persuading them he could use their money to buy shares of Facebook Inc before the company's May 2012 initial public offering.</p> <p>Berkman, a Republican who ran for governor in 1994, admitted he told investors he had access to scarce pre-IPO shares of Facebook as well as LinkedIn Corp, Groupon Inc and Zynga Inc.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130625/former-oregon-politician-pleads-guilty-facebook-ipo-fraud" target="_blank">read more</a></p> Business Craig Berkman Groupon Sales promotion Thomson Reuters Tue, 25 Jun 2013 18:03:16 +0000 Thomson Reuters 5867179 at http://www.globalpost.com