Groupon stocks dropped by 4.2% to USD9.78 after Tiger Global Management LLC cut its stake in the company.
Sectors
Samsung to spark smartwatch rivalry
Samsung’s smart wristwatch launch next month is expected to set off new battle following wrangles with Apple Inc over smartphones and tablets.
Live Nation reduces yearly cash interest payments by USD12 million
Live Nation completed a debt refinancing which would cut its yearly cash interest payments by USD12 million.
AOL's Patch unit to lay off up to 500 workforce
AOL would lay off half of the personnel in its local news sites unit Patch as well as shutter of consolidate approximately 150 of its 900 websites.
NSA's Prism project incur USD180 million loss in IT service market
Forrester Research Inc said concerns regarding the Prism spy project of the US National Security Agency could cost US companies USD180 million worth of business in the IT service market.
Latest News
A source said Sony Corp reached a preliminary agreement with Viacom Inc. for television streaming services.
Studies by financial analysts indicated that the banking sector is recovering and may regain top spot on S & P.
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.
Itau Unibanco Holding SA will contest tax charges amounting to BRL18.7 billion (USD7.9 billion). Latin America's largest bank in terms of market value, Itau Unibanco Holding SA received tax charges amounting to BRL18.
The bank recently assigned Nikolaus Giesbert to head the newly merged fixed income and currencies sales and trading arms division.
Porsche faces court battles with investors over volkswagen AG. Porsche SE continues to face new legal battles against investors over their aborted purchase of Volkswagen AG.
Coca Cola introduces Huba, its new herbal tea drink, in its Thailand market. Coca Cola initially launched in Thailand its new herbal tea drink, Habu.
Bank of America will dissolve Merrill Lynch & Co. but will continue to keep name. Four years after it was acquired by Bank of America Corp. , Merrill Lynch & Co.
