Groupon said Tuesday that it plans to cut 1,100 jobs globally over the next year as part of a restructuring of its international business.» Read More
Andrew Mason signed off from the company he founded in his usual style: unconventional, colorful, full of humor and more than a little wacky.
"I've decided that I'd like to spend more time with my family. Just kidding – I was fired today," Mason said in an email to employees announcing his departure.
Stocks eased off their best levels but eked out a gain on the final trading day of February, with the Dow within striking distance of a new all-time closing high and the S&P 500 logging its fourth-consecutive month of gains.
CNBC's Julia Boorstin reports Groupon has announced its CEO Andrew Mason is leaving. The stock continued its fall today.
Salesforce.com reported quarterly earnings and revenue that blew past analysts' expectations. Shares jumped after-hours.
Check out which companies are making headlines after the bell Thursday:
Groupon reported earnings that disappointed the Street, but one analyst maintains his "buy" rating on the stock.
Arvind Bhatia, Sterne Agee & Leach analyst, discusses what's behind the website's unexpected quarterly loss, and weighs in with the best tech plays.
After J.C. Penney posted a larger-than-expected fourth quarter loss, CNBC's Jim Cramer asks how long CEO Ron Johnson can keep his job.
The "Squawk on the Street" news team reports on today's top businesses headlines, including the Dow and S&P nearing all-time highs; JC Penney's larger-than-expected fourth quarter loss; and two big banks downgrading Groupon.
A disappointing earnings release put new pressure on Groupon on Thursday, as the daily deal site got hit by a rash of analysts downgrades.
U.S. stock index futures struggled to hold gains Thursday, as investors digested a tepid GDP report against better-than-expected jobless claims news.
Check out which companies are making headlines before the bell Thursday:
Groupon's fourth quarter earnings report so greatly disappointed Wall Street expectations that the stock tumbled nearly 30 percent after hours before pulling back slightly. So what sparked such a steep tumble?
Stocks soared for a second day to finish near session highs Wednesday, with the Dow within less than 100 points of an all-time closing high, boosted by upbeat earnings and economic reports and as Fed Chairman Ben Bernanke reaffirmed his support of the central bank's stimulus policy.
Check out which companies are making headlines after the bell Wednesday:
Groupon fell after an earnings miss, reports CNBC's Julia Boorstin.
Groupon's quarterly revenue hit analysts' target Wednesday but its outlook fell short. Shares skidded after-hours.
Volatility calmed down Tuesday but brace yourself: Pros say bigger gyrations could be the norm for the next few weeks as investors watch what's going on in Washington and Europe.
CNBC's Julia Boorstin provides a look at Groupon's earnings on Wednesday. Investors will be watching to see if the company's diversified business model is paying off.