Your Search for 'groupon' returned 29 results
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
All week, our Magic Bullets series has focused on big ideas that political leaders say can boost the economy. One you hear mentioned often is small business. But can small businesses really grow enough to help the overall economy? That’s what I set out to find out. The way politicians tell it, small business IS … Continue reading
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 … Continue reading
In 2007, entrepreneur Brad Keywell co-founded a company that intended to build a critical mass of online consumers and leverage their collective purchasing power with local merchants. The company, originally called The Point, was a quick failure. “You could have called it ‘What’s the point?,’” he joked Friday, while delivering the keynote address at the … Continue reading
Three stories making news across the Midwest today: 1. Foreclosures spike in Michigan. Foreclosure filings in Michigan had slowed during the first half of 2011, but jumped 36 percent from July to August, according to new data. Daren Bloomquist of RealtyTrac tells our partner station Michigan Radio that banks had noticed a decline in the … Continue reading
