COMPANIES

Groupon founder and CEO Mason

Groupon's Daily Deal: Not as Great Today as It Was Yesterday

News that daily social network coupon company Groupon has reportedly canceled a roadshow scheduled for next week in advance of a planned IPO and is reevaluating plans to take the company's stock public is not that big of a surprise. After all, CEO Andrew Mason has been hailed for being a young genius but sooner or later one had to figure inexperience might catch up with him and the company.

The Changing U.S. Refining Patch

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A brush fire ignited by a fatal small-plane crash in Southern California has destroyed 12 homes and forced the evacuation of hundreds of others, leaving over 13,000 acres charred on Tuesday as it flared out of control for a third day.
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People walk inside an Apple retail store in Shanghai

Apple Opening First Hong Kong Store in September: Just Ahead of iPhone 5 Launch?

Apple will launch its first store in Hong Kong as the company seeks growth in Asia and nears release of its highly-anticipated iPhone 5.Apple's iPhone, first launched in 2007, is the world's bestselling smartphone -- owned by more than 110 global consumers and growing fast every day. The company is nearing the launch of its latest version, the iPhone 5
A Honda sign is displayed outside SanTan Honda Superstore in Chandler, Arizona

Honda Recalls 962,000 Cars Worldwide

Honda Motor Co. is recalling 962,000 Fit, CR-V Crossover and Fit Aria vehicles worldwide because of defects in power windows and computer systems.
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Girlfriend Charged With Stabbing and Killing Basketball Player

A student and basketball player of Florida A&M University (FAMU) in Tallahassee was stabbed to death early Sunday morning, after a domestic dispute with girlfriend turned violent. Shannon Washington, 20, was found bleeding heavily from stab wounds on her neck and back when the police arrived at 2 a.m. at her apartment in Tallahassee. She later died at a hospital.
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Settlement Offer Reported over Banks' Mortgage Policies

State prosecutors accusing major U.S. banks of improper mortgage practices have offered them a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported Tuesday.
The Valero St. Charles oil refinery

Ghana Tema refinery shuts unit, runs out of crude

Ghana's 45,000 barrel-per-day state-run Tema oil refinery shut its main crude distillation unit on August 28 after running out of feedstock, two sources with knowledge of the plant's operations told Reuters on Monday.
AT&T T-Mobile Deal

AT&T, T-Mobile: Breaking Up is Hard to Do

AT&T's embarrassing debacle of pursing a merger with T-Mobile USA and posturing like federal regulatory approval was a given is public evidence of what others have quietly mused behind the scenes for some time -- that the telecommunications company is facing big internal problems.
US Post Office In Blacksburg, Virginia

U.S. Postal Service Nearing Default; Agency Pleading to Congress for Help

If Congress doesn't deal with problems facing the United States Postal Service when legislators return Sept. 6 from recess America's mail institution will likely default on a $5.5 billion payment due at the end of this month and likely have to shut down this winter, the postmaster general said.
Jeff Bezos’ ‘Highly Secretive’ Blue Origin Test Vehicle Crashes

Space Rocket Financed By Amazon's Bezos Crashes in Test

Jeff Bezos showed a striking mechanical aptitude and insatiable curiosity as a child. Bezos dismantled his crib with a screwdriver, and he developed intense and multiple scientific interests, converting his parents' garage into a laboratory. Even as an adult, the founder and CEO of Amazon is dreaming of launching space tourism by funding the development of a spacecraft.
Iceland's President Olafur Ragnar Grimsson watches "Song of Freedom" concert in Tallinn

Iceland Says It Was Bullied Over Bank Debt

Iceland's president accused European countries on Sunday of having bullied it into agreeing to guarantee repayment of the debts of a failed bank, reviving a dispute with Britain and the Netherlands whose citizens are owed billions.
A dedicated iPad station is seen in front of an iPhone at the Apple store in New York

Amazon's New Tablet to Take on iPad, Price Could Be $300 or Lower

Amazon will launch a new tablet as early as October and the product could be priced at $300 or lower in the attempt to come out strong in competing with Apple's iPad.Apple's iPad is the global tablet leader, though the fire sale $99 TouchPad made a brief appearance on the sales radar, but the biggest threat to the industry leader is on its way. Amazon has a new tablet -- its first -- expected to start shipping in October, according to a report in Taiwan's DigiTimes.

10 Reasons Amazon's Bezos is World's Reigning Tech Freak Geek Leader

Now that has resigned at Apple's CEO, it's time to recognizing the world's new reigning tech freak geek leader. There was only one clear heir apparent to the post, and really no discussion at all is required in naming Amazon founder and CEO Jeff Bezos to the honor.Jobs is credited as arguably the world's all-time great innovating CEO. He helped launch the Mac computer. He created iTunes, the iPhone smartphone and the iPad tablet. But Bezos has hire share of tech obsessions and ac...
Apple iPad

Ready or Not Apple iPad: Amazon's New Tablet is On the Way

Apple's iPad is the global tablet leader, though the fire sale $99 TouchPad made a brief appearance on the sales radar, but the biggest threat to the industry leader is on its way. Amazon has a new tablet -- its first -- expected to start shipping in October, according to a report in Taiwan's DigiTimes.
Apple iPhone 4

Lost Apple iPhone 5 Story Grows; Apple's Marketing Brilliance Continues

The story about Apple's lost iPhone 5 prototype just keeps growing, with San Francisco police involvement while the company has no comment. Employees are just laughing all the way to the corporate bank, ready to pile more onto the company's $76 billion cash hoard once the iPhone 5 is released to unprecedented global smartphone demand.
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New Congress Deficit Panel Sets First Meeting

A newly-formed congressional panel on deficit reduction next week will kick off months of arduous negotiations that will be closely watched by financial markets hoping for a deal that puts the United States on an improved fiscal path.
People wait in line to enter a job fair at the Phoenix Workforce Connection in Phoenix

Job Growth Grinds to a Halt in August

Employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

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