Midwest Memo: Groupon’s Growth, Toledo’s (Unfinished) Transformation And The Big Easy Takes One Away

Groupon grows Chicago-based Groupon has acquired a new York company that specializes in gathering data about local consumers. The Chicago Tribune says it could be the “deal of the year.” Long way to go in Toledo The Toledo area has seen 7,200 new jobs in manufacturing since June of 2009. That’s the second best improvement …

Midwest Memo: Groupon Gets Mixed Reviews, GM Stymies Saab, Harley-Davidson Begins Wisconsin Layoffs

Three stories making news across the Midwest today: 1. Groupon gets mixed reviews. Three investment banks that sold Groupon’s initial public offering in November have mixed views of the company’s stock. Credit Suisse analysts rated the stock “neutral” in research reports released today. Morgan Stanley advised its clients to wait to buy shares of the …

Midwest Memo: Detroit Mayor Dave Bing Defiant, Milwaukee Courts Chinese Investment, U.K. Investigates Groupon

Three stories making news across the Midwest today: 1. Bing defiant over looming Detroit takeover. A state takeover of Detroit and its ruinous financial situation has seemed imminent for weeks, if not months. On Thursday, Michigan Gov. Rick Snyder told Mayor Dave Bing he would initiate a 30-day review of the city’s finances, a precursor …

Midwest Memo: Shale Boom Could Bypass Ohio, Groupon Stock Price Falls, Detroit Short On Time To Address Fiscal Woes

Three stories making news across the Midwest today: 1. Detroit’s fiscal crisis looms. The amount of time Detroit has to address the city’s looming financial crisis is “relatively short,” Gov. Rick Snyder tells the Detroit Free Press, before he must decide whether to commence a financial review of the city under the state’s controversial emergency …

Midwest Memo: Google Causes Groupon Angst, Cain Campaigns In Michigan, Tea Party Seeks Ohio Right-To-Work Push

Three stories making news across the Midwest today: 1. More complaints about Groupon. Some merchants have already swore off Groupon after they wound up losing money – or in some cases, their businesses – by running promotions with the Chicago-based company. Now comes another gripe. Merchants tell The Wall Street Journal that Groupon collects money …

Will Groupon Place Chicago At The Center Of A Silicon Prairie?

In Chicago, Groupon Inc. has grown its workforce from 37 employees to more than 10,000 in a little more than two years. That’s provided a nice boost to the city’s economy and employment rate. And that’s just the start of the company’s impact in Chicagoland. Former Chicago Mayor Richard M. Daley, tells BusinessWeek that Groupon’s …

Groupon Goes Public, But Is It Really In Google’s League?

Groupon, the Chicago-based daily discount company, went public today at  a price of $20 a share. (Yes, that only got you one share.) Within a few minutes of trading on Nasdaq, the price for Groupon (trading symbol GRPN) had soared to nearly $28 a share, for an overall value of about $18 billion. That, points …

Midwest Memo: Groupon Overhauls Sales Staff, Cleveland Schools Cut Preschool, Spring Sports, High School Busing

Three stories making news across the Midwest today: 1. Michigan governor wants infrastructure investment. In a speech to the state Legislature today, Gov. Rick Snyder said Michigan can no longer delay investment in its transportation infrastructure. He proposed a $120 registration fee hike per year on passenger vehicles that would generate $1 billion in annual …

Midwest Memo: Columbus Mayoral Candidates Spar, Groupon Downsizes IPO Expectations In SEC Filing

Three stories making news across the Midwest today: 1. Groupon scales back IPO expectations. Downsizing its initial expectations, Groupon said Friday that it expects to raise between $480 million and $540 million from its initial public offering. Originally, the Chicago-based company had expected to raise at least $750 million. In an filing with the Securities …

Midwest Memo: Illinois Budget Deficit May Grow, Groupon IPO In Flux, Ohio’s Shale-Gas Boom

Three stories making news across the Midwest today: 1. Illinois’ deficit may grow. Despite budget cuts and tax increases, the state of Illinois’ budget deficit will reach $5 billion next year, according to a report released today by a government watchdog group. The Civic Federation says added pension and debt costs are causing an increase …