IBT Staff Reporter

Groupon shares soared in early trading this morning to $28, a 40 percent increase over its $20 price announced last night, as the company made its initial public offering.

Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

Cory Smoot, guitarist in the shock-rock band Gwar, was found dead Thursday, TMZ reports. The band is currently on tour, and Smoot's body was found as the band traveled from Minneapolis to Edmonton, Ontario, for its next show.

There is no Zenyatta this time but the girls will again be out in force at the annual two-day Breeders' Cup carnival, starting at Churchill Downs Friday.

Stocks retreated on Friday as political instability in Europe overshadowed encouraging domestic jobs data and investors focused on the uncertainty surrounding a confidence vote in the Greek parliament after U.S. markets close.

Pale-faced but smiling, the crew of a long-duration isolation study emerged bleary-eyed to daylight and applause Friday after 520 days locked away in windowless, cramped cells to simulate the length of a journey to Mars.

The fallout from Hilary Swank's birthday visit to Chechen president and alleged human rights abuser Ramzan Kadyrov continues.

Herman Cain has seen no voter fallout so far from the allegations that he sexually harassed two or three women as CEO of the National Restaurant Association, according to a Washington Post-ABC News poll released Friday.

AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said on Friday, the day after the company posted a net loss of more than $4 billion.

Twenty-nine banks were named on Friday as being so important to the global financial system that they are likely to need to hold more capital than rivals and must put in place a plan to allow them to be wound up without taxpayer help if they hit trouble.

The harsh words Universal President Ron Meyer used to describe box-office bombs like Land of the Lost, The Wolfman and Cowboys & Aliens at Georgia's Savannah Film Festival Wednesday might've gotten a few laughs from Golden Raspberry Awards founder John Wilson, but the creator of the Razzies told IBTimes Thursday that grumbling about all those sh-ty movies that cost the company millions wasn't a good career move.

Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by a U.S. Internet company since Google Inc raised $1.7 billion in 2004.

Stocks retreated on Friday after two days of gains as wealthier nations appeared to pull back from a European Union plan to broaden funding for a plan to deal with the region's sovereign debt crisis.

Videos posted online are showing evidence that police have been covering their nameplates or badges at the Occupy Oakland protests.

Stocks retreated on Friday after two days of gains as wealthier nations appeared to pull back from a European Union plan to broaden funding for a plan to deal with the region's sovereign debt crisis.

The European Central Bank's interest rate cut on Thursday was a pre-emptive strike, policymaker Juergen Stark said on Friday, and urged the bank to call an early halt to its sovereign bond-buying programme.

EU regulators are investigating whether Samsung Electronics Co Ltd and Apple Inc may have breached EU antitrust laws with patent infringement claims in their global legal battle over the lucrative smartphone and tablet market.

Addiction treatment would improve patient safety, researchers noted in survey.

Japan's Olympus Corp replaced its auditor in 2009 after a disagreement over how to account for several acquisitions, but it decided not to reveal the dispute to investors, an internal document shows.

Canadian Prime Minister Stephen Harper said on Friday he sees overwhelming U.S. support for TransCanada Corp's Keystone XL oil pipeline to Texas from Canada's oil sands, despite recent signs of reticence in Washington.

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Alcatel-Lucent scaled back its profitability goal for the year, raising new doubts about Chief Executive Ben Verwaayen's ability to turn around the long-struggling telecom equipment maker.

The Nashville Predators and Finnish netminder Pekka Rinne have agreed to a seven-year contract extension, worth around $49 million, it was announced Thursday.

Cory Smoot, guitarist in the shock-rock band Gwar, was found dead Thursday. The band is currently on tour, and Smoot's body was found as the band traveled from Minneapolis to Edmonton, Ontario for its next show.

The Eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.

Teen stars Justin Bieber and girlfriend Selena Gomez perform at the MTV Europe Music Awards on Sunday in Belfast, guaranteeing plenty of screaming fans and close media attention to what they say and do.

The Washington Post Co reported a net quarterly loss as advertising revenue at its flagship newspaper fell and fewer students signed up at its Kaplan chain of for-profit colleges.

Telus Corp, Canada's third-largest wireless provider, reported a 30 percent jump in quarterly net profit as more consumers signed up for smartphones and its new Internet-based television service gained traction.

The Washington Post Co reported a net quarterly loss as advertising revenue at its flagship newspaper fell and fewer students signed up at its Kaplan chain of for-profit colleges.