Dec. 3, 2010 at 6:04 p.m.
Filed under:
Consumer news,
IPOs,
Internet,
M&A,
Startups,
Technology
Groupon CEO Andrew Mason speaks at the company's headquarters on Aug. 31, 2010. (Brian Cassella/Chicago Tribune)
By Melissa Harris and Wailin Wong
The deal didn’t tip after all.
Chicago-based Groupon Inc. has turned down an acquisition offer from Google Inc. and is staying independent, two sources with direct knowledge of the situation said Friday.
The two companies had been engaged in talks, with speculation about the marriage reaching a fever pitch over the last week. Mountain View, Calif.-based Google reportedly had offered between $5 billion and $6 billion for the daily deal start-up. Get the full story »
Dec. 3, 2010 at 5:49 p.m.
Filed under:
Policy,
Politics,
Retirement
From Bloomberg News | The Illinois General Assembly recessed until early January without acting on a $3.7 billion bond proposal to make payments into state employee pension funds, saying it didn’t have enough votes to pass the bond plan.
Dec. 3, 2010 at 5:11 p.m.
Filed under:
Economy,
Policy,
Politics,
TV
By Reuters
Federal Reserve Chairman Ben Bernanke did not rule out further purchases of Treasury bonds beyond the $600 billion program announced last month, CBS television reported Bernanke as saying in an interview on the show “60 Minutes”. Get the full story »
Dec. 3, 2010 at 5:07 p.m.
Filed under:
Advertising/Marketing,
Cell phones
By Reuters
The long awaited uptake of the potentially lucrative mobile advertising market by advertisers and consumers has actually started to happen, companies from Canada, Egypt and Poland said on Friday. Get the full story »
Dec. 3, 2010 at 4:57 p.m.
Filed under:
Computers,
Internet,
Privacy issues
By Associated Press
It’s the online equivalent of police breaking down the wrong door.
Court documents show that a typo caused federal investigators in Milwaukee to go through an innocent person’s e-mail account as they tried to track down an alleged Russian spammer.
An FBI agent says in a search-warrant affidavit that as soon as he discovered his mistake he stopped reviewing the e-mails, sealed them and sought a new search warrant for the correct address. Get the full story »
Dec. 3, 2010 at 4:18 p.m.
Filed under:
Commercial real estate,
Real estate
By Reuters
Google has signed a deal to buy a huge Manhattan building, where it is a tenant, for $1.8 billion in one of the largest sales of a single building this year, according to a person close to the transaction. Get the full story »
Dec. 3, 2010 at 3:57 p.m.
Filed under:
Economy,
Jobs/employment
By Associated Press
The dollar tumbled broadly Friday after a November jobs report showed a higher rate of unemployment in the U.S., a sign that the economic recovery is still struggling. Get the full story »
Dec. 3, 2010 at 3:37 p.m.
Filed under:
Energy,
Exchanges,
Stock activity
By Reuters
The CME Group said on Friday it initiated performance bond requirements, sometimes known as margin requirements, for new options products traded in crude oil, electricity and natural gas liquids, effective Dec. 4. Get the full story »
Dec. 3, 2010 at 2:45 p.m.
Filed under:
Litigation,
Media,
Sports
By Associated Press
"The Super Bowl Shuffle" by the Chicago Bears Shufflin' Crew in 1985. Left to right: Mike Richardson (27), Gary Fencik (45), Willie Gault (83), William Perry (72), Walter Payton (34), Richard Dent (95), Jim McMahon (9), Otis Wilson (55), Steve Fuller (4), Mike Singletary (50). (Tribune file photo)
The owner of a beloved ditty by the 1985 Chicago Bears is preparing to shuffle on down to federal court to take on a media conglomerate.
“Super Bowl Shuffle” owner Julia Meyer filed a lawsuit in Chicago this week alleging Viacom used the video on MTV and VH1 without permission. Get the full story »
Dec. 3, 2010 at 2:08 p.m.
Filed under:
Autos
By Reuters
The Honda Element. (MCT)
Honda Motor said Friday that it would cease production in April of its Element crossover, a slow-selling boxy vehicle that never quite caught on with the target audience of younger buyers.
Honda has only sold about 325,000 Elements in the United States since it entered production in December 2002 and the vehicle will end with the 2011 model year, Honda said.
“This vehicle was positioned as a ‘dorm room on wheels,’ but it never quite got the hip reputation’,” Edmunds.com senior analyst Jessica Caldwell said. Get the full story »
Dec. 3, 2010 at 1:43 p.m.
Filed under:
Litigation,
Privacy issues,
Technology
By Reuters
Google admitted to trespassing, but will pay just $1 to resolve a lawsuit over its use of photos of a couple’s Pennsylvania home for its Street View mapping service.
The agreement ends a case brought by Aaron and Christine Boring, who said the Internet search company violated their privacy by photographing their Pittsburgh home and swimming pool without their permission. They said the home sits on a street clearly marked “Private Road.”
“Google could have just sent us an apology letter in the very beginning, but chose to try to prove they had a legal right to be on our land,” the couple said in a statement. “We are glad they finally gave up.” Get the full story »
Dec. 3, 2010 at 1:32 p.m.
Filed under:
International,
Policy,
Politics
By Reuters
South Korea has agreed to give the United States five years to phase out a 2.5 percent tariff on Korean-built cars, rather than cut the tariff immediately, clearing the way for a deal on a stalled U.S.-South Korea trade pact, the Wall Street Journal reported on Friday.
Dec. 3, 2010 at 12:59 p.m.
Filed under:
Internet,
Litigation,
Media,
TV,
Video
By Associated Press
Viacom is appealing a court decision that YouTube obeyed copyright laws even though the Internet video site used to show thousands of pirated clips.
The challenge filed Friday in a federal appeals court in New York had been expected since a June ruling rebuffed Viacom’s copyright infringement lawsuit against YouTube and its owner, Google Inc. Get the full story »
Dec. 3, 2010 at 12:52 p.m.
Filed under:
Economy,
Jobs/employment
By Reuters
The U.S, economy added the highest number of temporary jobs last month since January, suggesting U.S. employers remain concerned about the pace of the U.S. recovery and are reluctant to step up permanent hiring.
Concrete evidence remains elusive that temp jobs — traditionally a leading indicator of full-time, or “perm” hiring — will soon translate into robust jobs growth. Get the full story »
Dec. 3, 2010 at 12:49 p.m.
Filed under:
Airplanes
By Associated Press
A key supplier for Boeing’s new 787 is shifting workers to other planes, in another sign that delays to the 787 are likely. Spirit AeroSystems says some of its workers in Wichita, Kan., will now work on Boeing’s 737. Some will keep working on the 787, but at a slower rate. Get the full story »
