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Groupon's IPO filing shows off irreverent side CNN By Laurie Segall @CNNMoneyTech June 3, 2011: 5:21 AM ET NEW YORK (CNNMoney) -- What do fire dancing classes, gorilla suits, and the unholy sounding "Grouspawn" have in common? They're various quirks touted in Groupon's IPO filing, which offers a lively ... See all stories on this topic »

Goldman Sachs will receive subpoena Daily News Engine Goldman Sachs Group Inc. (GS) is considered the fifth biggest American bank by assets. Sources familiar to the matter stated that the bank received a subpoena from Manhattan District Attorney's office in which the prosecutors asked for information ... See all stories on this topic » Daily News Engine

Moody's downgrades Greek banks AFP PARIS — Moody's Investors Service on Friday downgraded the deposit and senior debt ratings of eight Greek banks following its downgrade earlier in the week of Greece's sovereign ratings. Moody's cited the main reason of the downgrade as "the rising ... See all stories on this topic » AFP

European shares hit 6-week closing low on US data London South East By Atul Prakash Keywords: MARKETS EUROPE STOCKS/ ============================================================= For rolling updates on what is moving European shares please click on ============================================================= For ... See all stories on this topic »

Pandora Media Valuation Could Exceed $1.4 Bln In IPO RTT News (RTTNews) - Internet radio firm Pandora Media Inc. is offering about 5 million shares of its common stock in its proposed initial public offering and anticipates pricing of between $7 and $9 per share. The company will have more than 158.73 million ... See all stories on this topic »

Retail chains post modest 4.9% sales growth in May Los Angeles Times Analysts had expected a 5.4% gain. The apparent reluctance to spend spurs concern about a possible summer slowdown. By Shan Li, Los Angeles Times Shoppers appeared to be more cautious last month in spending for clothing and other items as rising gas ... See all stories on this topic »

Mazda, Ford in talks to end US tie-up: reports AFP TOKYO — Japan's Mazda Motor is in talks with US giant Ford to pull out of their money-losing 50-50 joint venture for car production in the United States in 2013, reports said Friday. Mazda is planning to sell its stake in the AutoAlliance International ... See all stories on this topic » AFP

Leftist group blockades Greek finance ministry Reuters ATHENS (Reuters) - A leftist group on Friday blockaded the Greek Finance Ministry, the scene of negotiations on the nation's latest financial rescue, hanging a huge banner covering five storeys of the building in central Athens. ... See all stories on this topic »

Sharp eyes profit from small displays, books charge on TVs Reuters By Isabel Reynolds TOKYO, June 3 (Reuters) - Japan's Sharp Corp forecast an unexpected jump in operating profit as demand for smartphones and tablets boosts sales, but said a temporary production halt at two TV panel plants earlier this year would ... See all stories on this topic »

Jill fills the bill New York Post By KEITH J. KELLY The New York Times has often been called the Gray Lady, but for the first time in its 160-year history, it will have a woman in charge. Jill Abramson, the 57-year-old managing editor, will become executive editor on Sept. ... See all stories on this topic » New York Post

Govt source: no sign yet of joint BRICS IMF candidate Reuters India The International Monetary Fund (IMF) logo is seen during a news conference in Bucharest March 25, 2009. NEW DELHI (Reuters) - There has been no sign yet of a joint candidate from the developing countries of Brazil, Russia, India, China and South ... See all stories on this topic » Reuters India

European shares edge down ahead of US labour data Reuters By Brian Gorman LONDON, June 3 (Reuters) - European shares slipped early on Friday, extending this week's sell-off on global growth worries, and with investors cautious ahead of the monthly US labour report. At 0855 GMT, the FTSEurofirst 300 . ... See all stories on this topic »

Fingers are crossed on unemployment figures Houston Chronicle By NEIL IRWIN After a string of disappointing reports on the economy in recent weeks, today will be an acid test on whether the recovery can endure, as the Labor Department releases its May unemployment report. One of the few bright spots in the ... See all stories on this topic »

Moody's may downgrade big banks Boston Globe By Bloomberg News NEW YORK - Moody's Investors Service may downgrade Bank of America Corp., Citigroup, and Wells Fargo & Co. as the rating firm reviews whether the government will limit its support of the largest financial firms. ... See all stories on this topic »

Foster's Says Aware Of Speculation Of A Bid For The Company Wall Street Journal By Cynthia Koons MELBOURNE (Dow Jones)--Australian brewing giant Foster's Group Ltd. (FGL.AU) said Friday it had nothing to disclose in regard to a potential buyout of the brewer after media reports indicated bidders were beginning to circle. ... See all stories on this topic »

New powertrain, engine to up Ford fuel efficiency The Detroit News Dearborn — Ford Motor Co. hopes to retain its leadership in fuel-efficient vehicles by engineering its own transmission for hybrid vehicles, an eight-speed automatic transmission and its smallest engine yet: a 1-liter engine for cars such as the Ford ... See all stories on this topic »

It's National Doughnut Day -- So Get One Free Patch.com By Akiko Oda | Email the author | 2:00am Your Friday just got a little sweeter. In honor of National Doughnut Day, Krispy Kreme is giving away a free doughnut at participating locations during its regular business hours today. ... See all stories on this topic »

UK Service-Sector Growth Slows Wall Street Journal By AINSLEY THOMSON LONDON—Growth in the UK's dominant services sector slowed in May, hitting a three-month low, a survey showed Friday, raising further doubts about the performance of the economy in the second quarter. The services Purchasing Managers' ... See all stories on this topic »

Manhattan appeals court orders city to fund homeless rent subsidies New York Daily News BY Tina Moore A Manhattan appeals court Thursday stopped the city from cutting off rent subsidies to 15000 formerly homeless families. The state's Appellate Division delayed the city's effort to shut down its Advantage subsidy through September when a ... See all stories on this topic »

Former Philadelphia hospital executive accused of embezzling Reuters PHILADELPHIA (Reuters) - The former executive vice president and general counsel for Children's Hospital of Philadelphia was accused of embezzling $1.7 million from the prestigious facility, authorities said on Thursday. Roosevelt Hairston Jr. hid the ... See all stories on this topic »

Wegmans pulls out of Pa. wine-kiosk program | Philadelphia Inquirer | 2011-06-03 Philadelphia Inquirer By Angela Couloumbis Wegmans Food Markets is pulling out of the state's much-criticized wine-kiosk program, dealing a blow to the state Liquor Control Board's efforts to shed its image as a lumbering government bureaucracy and stave off privatization. ... See all stories on this topic »

Mortgage Rates Slide for a 7th Straight Week Wall Street Journal By DREW FITZGERALD A week of troubling economic data helped push fixed mortgage interest rates to a new low for the year, representing the seventh consecutive weekly decline, according to the latest survey from Freddie Mac. Surveys of national consumer ... See all stories on this topic »

Execs would give up tax breaks for lower corporate rate Los Angeles Times Executives of four large US companies tell lawmakers they prefer the simplicity and certainty of a rate as low as 25% over the complexity of frequently shifting tax breaks. By Jim Puzzanghera, Los Angeles Times Executives from four large US companies ... See all stories on this topic »

U.S. Fines Continental, US Airways Wall Street Journal By SUSAN CAREY The US Department of Transportation said Thursday it fined Continental Airlines $120000 and US Airways $45000 for violating rules prohibiting deceptive price advertising. The DOT said Continental, a unit of United Continental Holdings ... See all stories on this topic »

Solar plant gets offer for conditional loan guarantee Las Vegas Review-Journal By Matthew Crowley The Department of Energy has offered a conditional commitment for a $45.6 million loan guarantee to support a 20-megawatt photovoltaic solar power plant going up 20 miles north of Las Vegas, officials said Thursday. ... See all stories on this topic »

Your slip is showing New York Post By JAMES COVERT Worry signs cropped up for retailers in May as disappointing sales pointed to a possible spending slowdown in the coming months. Although swanky chains like Saks, Neiman Marcus and Nordstrom posted big sales gains, most retailers ... See all stories on this topic » New York Post

BankUnited buys Herald National in $71.4M deal Forbes AP , 06.02.11, 06:10 PM EDT MIAMI LAKES, Fla. -- BankUnited Inc. said Thursday that it is acquiring Herald National Bank in a $71.4 million deal that will allow the once-failed Florida-based bank to extend its reach into New York. ... See all stories on this topic »

Analysis: Brazil's Rousseff weakened by scandal, Lula return Reuters Brazil's President Dilma Rousseff gestures during the launch of the Brasil Sem Miseria (Brazil Without Poverty) scheme at the Planalto Palace in Brasilia, June 2, 2011, to lift millions out of extreme poverty by 2014. By Raymond Colitt and Stuart ... See all stories on this topic »

Joy Global CEO Looking To Expand Equipment Lines Wall Street Journal (Revises throughout beginning with first paragraph. Quotes from conference call and additional information on product line expansions and acquisitions.) By Bob Tita Joy Global Inc. (JOYG) will continue to look for acquisitions to fill out its product ... See all stories on this topic »

Jobless Claims Fall Less Than Forecast in Sign US Labor Market Weakening Bloomberg By Shobhana Chandra and Bob Willis - Thu Jun 02 20:14:41 GMT 2011 Job seekers fill out paperwork while waiting in line to enter a job fair in Denver, Colorado, US, on Monday, May 23, 2011. Photographer: Matthew Staver/Bloomberg June 2 (Bloomberg) ... See all stories on this topic »

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