Despite its shares falling 65 percent this year, Groupon still holds unique benefits for users and businesses, its founder said.» Read More
Nov 3- Groupon Inc, operator of daily deals website groupon.com, said co-founder Eric Lefkofsky was stepping down from the post of chief executive and would return to the role of chairman, effective immediately. Groupon also posted lower-than-expected revenue in the third quarter, hurt by lackluster sales in North America and lower revenue from its...
Groupon is reporting EPS of $0.05 on revenue of $714 million, as well as a management change, with CNBC's Seema Mody.
Nov 3- Groupon Inc, operator of daily deals website groupon.com, said Chief Operating Officer Rich Williams would succeed Eric Lefkofsky as chief executive officer. Net loss attributable to Groupon widened to $27.6 million, or 4 cents per share, in the third quarter ended Sept. 30, from $21.2 million, or 3 cents per share, a year earlier. Revenue fell marginally to...
*Fitbit down on lockup restriction lift, share offering. Wall Street closed higher on Monday, following the best monthly performance of the major indexes in four years in October. It's a digestion of yesterday's strength, "said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.
U.S. stock index futures pointed to a lower open Tuesday, as investors paused for breath after the S&P 500 breached the 2,100-point level on Monday.
*Global stocks declined slightly as European shares reeled as Volkswagen's emissions scandal widened to include Porsche and Audi. *Kellogg is scheduled to report before the bell and CBS, Groupon and Tesla will post results after the close. *Strong results from blue-chips have helped lift sentiment, with S&P 500 companies now expected to report a 0.9 percent...
Markets will be laser-focused on Friday's October jobs report in the week ahead and may even look past more than a dozen scheduled Fed speeches.
Expectations are low that the Fed will provide any new policy insight next week, and focus should stay on economic reports and a flood of earnings.
So far the earnings season has been lackluster, and some high-profile warnings have already given investors pause.
As third-quarter earnings season gets underway next week, traders are bracing for more volatility in a range-bound market.
Traders will be on the lookout next week for any signs of overseas weakness seeping into the U.S. economy after surprisingly soft job growth.
The September jobs report could sway the debate in the week ahead about when the Federal Reserve will hike rates.
Sept 22- Groupon Inc, the operator of daily deals website groupon.com, said it would cut about 1,100 jobs globally as it restructures outside North America. Groupon is shutting operations in Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay after exiting Greece and Turkey, the company said in a separate blog post on Tuesday.
Groupon said on Tuesday it expected to incur pretax charges of up to $35 million, including about $22 million- $24 million in the third quarter of 2015, related to the job cuts.
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.
After a post-Fed battering, markets head into the week ahead seeking clarity, especially from two key people—Janet Yellen and Xi Jinping.
SAN FRANCISCO, Sept 4- Amazon.com Inc is adding staff for a new division dedicated to restaurants in Seattle and New York, with indications the unit is trying to rapidly expand a meal delivery service, according to posts on LinkedIn and the company's jobs site. The online retailer has dabbled in food delivery before but its move to form a dedicated division called...
Already a digital ordering giant, one startup is betting its new service will speed up food delivery.
Traders emerging from one of the most turbulent weeks in history will likely need to brace for more volatility as the Street gears up for jobs data.
Jim Cramer gives his take at lightning speed to caller favorite stocks, including this popular play that's not buy ready.