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.
The worst could be yet to come in Spain — not because of public debt, but because its banks are still laden with unpaid real estate loans, putting both sectors in jeopardy. Small banks, with much of their assets in mortgage loans, are most vulnerable.
The airline industry expects that fewer Americans will travel by air this year over the Thanksgiving holiday. The still-sluggish economy is lessening demand for air travel, but it's not dropping prices. Those who do fly for Thanksgiving will still find their flights packed.
Italy's prime minister promised European leaders that he would come up with solid proposals to show his country can reduce its mountain of debt, stimulate its economy and avoid a bailout. But he's expected to show up at the G-20 summit with with a vague list of measures that aren't likely to satisfy.
America's original discount store has filed for federal bankruptcy protection and plans to close its 46 stores. This isn't the first time the company has filed for bankruptcy, but it appears to be its last. The company cited increased competition from department stores, private-label discounters and the economic downturn.
One of the main solar companies in the United States, First Solar, is in trouble. Its CEO was forced out in October and its stock prices have fallen dramatically. Thursday the Arizona-based company announces its earnings and investors are going be demanding answers. From member station KJZZ in Phoenix, Peter O'Dowd report.
The Federal Reserve is predicting slower growth and less improvement in the unemployment rate through 2013. The news comes after a meeting of the Fed's policy-making committee, in which it decided against taking new measures to stimulate the economy. But Chairman Ben Bernanke said additional steps may be needed down the road.
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