Friday, March 30, 2012

Groupon revises earnings

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Groupon revises 4Q earnings down
Groupon revises 4Q earnings down

Groupon Inc. on Friday released revised financial results for the fourth quarter and 2011 fiscal year, showing a $14.3 million decrease in fourth-quarter revenue and a $0.04 reduction in earnings per share.


At $4.51, gas prices hit all-time high here
At $4.51, gas prices hit all-time high here

Filling the tank today? Prepare yourself: It’s gonna hurt.
McDonald's CEO Skinner announces retirement
McDonald's CEO Skinner announces retirement

McDonald's CEO Jim Skinner has announced his retirement, which has been approved by the company's board. He is to be succeeded by Don Thompson, McDonald's president and COO.
Solo Cup to be acquired for $1B
Solo Cup to be acquired for $1B

Foam cup manufacturer Dart Container Corp. is acquiring Lake Forest-based Solo Cup Co. for $1 billion, the two companies announced Wednesday.
Kraft names snack company, headquarters
Kraft names snack company, headquarters

Kraft Foods is proposing to change the name of its global snacks business to Mondelez International Inc. when it splits into two companies this year.
Rosie O'Donnell's show cancelled
Rosie O'Donnell's show cancelled

Despite Oprah Winfrey's wing around "The Rosie Show," it all fell down.
Encyclopaedia Britannica to end print edition
Encyclopaedia Britannica to end print edition

There have been more than 7 million sets of Encyclopaedia Britannica printed and sold over the years, an indispensable home reference library lining bookshelves, fueling dreams and salvaging homework assignments everywhere.
Auto repair chain Midas to go private
Auto repair chain Midas to go private for $173 million

Midas Inc., the Itasca-based auto aftermarket repair chain, said it would be taken private by Florida-based TBC Corp. for $173 million in cash.

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