In its initial public offering, Groupon is selling about $700 million in stock. As The Wall Street Journal puts it that's "the biggest tech IPO of its kind since Google's stock-market debut."
If you're not familiar, Groupon is an Internet deals company. It for example, sells $50 worth of food at a restaurant for $25. It splits the profits with the restaurant on coupons redeemed and keeps the ones that customers don't use.
George Papandreou is not the only European politician who is nervous about his job. Greek's prime minister wouldn't be the first leader to lose his position as a result of the ongoing euro crisis, and more are likely to follow.
Papandreou faces a vote of confidence on Friday, which could bring down his government. Even if he survives this test, he may not remain in power for long.
Originally published on Fri November 4, 2011 2:40 pm
Since McDonald's announced the seasonal revival of its popular McRib sandwich last month, there's been a round of reports about what's in the sandwich that have ranged from glib (on its 70 ingredients) to McFib (on the alleged inhumane treatment of the pigs that
Heavy monsoon rains that began two months ago in Thailand have killed more than 400 people and show no sign of abating as the floodwaters make their way south into the crowded capital, Bangkok.
Anxious residents have stripped store shelves bare of water, rice and other essentials as they wait. And tempers are flaring as some poorer residents complain that their homes and businesses are being sacrificed to protect more affluent and industrial areas closer to the city center.
"I will get stronger. I will return" to Congress, Rep. Gabrielle Giffords, (D-Ariz.), vows in a new book she has written with her husband about the devastating injuries she received last Jan. 8 when a gunman opened fire during an event she was hosting in Tucson.
It's one of the surest signs yet that she intends to remain in politics and seek re-election next year.
Julius Hemphill's "Dogon A.D." — the 15-minute piece, and the album that's named for it — was one of the startling jazz recordings of the 1970s, a rethinking of possibilities open to the avant-garde. In the 1960s, free jazz was mostly loud and bashing, until some Chicagoans began playing a more open, quieter improvised music. That inspired St. Louis players like Hemphill, who also had ties to heartland rhythm-and-blues scenes. Hemphill's genius was to combine the Chicagoans' dramatically spare sound with a heavy backbeat. His new urban music smacked of old country blues.
Hoodia may not help you lose weight. But the supplement, derived from an African plant, may help you lose your vacation house, if you're marketing the stuff with claims that go too far in the eyes of regulators.
The Federal Trade Commission said it has reached a settlement with David J. Romeo and two companies he controlled that bans them from "making any weight-loss claims while marketing foods, drugs, and dietary supplements."
Students at St. Mary's College of Maryland are starting an impromptu semester at sea — sort of. They will live on a cruise ship that's docked in a river just off campus. The 300-foot Sea Voyager will serve as a floating residence hall because two dorms infested with mold spores were deemed uninhabitable.
Joseph Urgo is president of the small liberal arts college, which is on the western shore of the Chesapeake Bay in St. Mary's City. He says the floating residence hall on the St. Mary's River makes perfect sense for the college.
There's been anecdotal evidence, and certainly plenty of signs on social media, that many Republicans still say Herman Cain is their choice for president despite the revelation that the restaurant trade group he once headed paid monetary settlements to women who accused him of sexual harassment.
The It's All Politics blog is handling most of NPR.org's coverage of the sexual harassment allegations against Republican presidential candidate Herman Cain — who has said the charges that stem from his time as head of the National Restaurant Association in the late 1990s are baseless.
Shares of the daily deal company Groupon hit the Nasdaq stock exchange Friday after an IPO raised about $700 million. The company has been dogged by investor concerns over management and questions about its accounting methods.
NPR's business news starts with Jon Corzine out of a job.
(SOUNDBITE OF MUSIC)
INSKEEP: The Wall Street veteran and former governor of New Jersey stepped down today from his latest high-powered job as chairman and CEO of the securities firm MF Global. That company filed for bankruptcy earlier this week.