Thursday, February 3, 2011

Quick News: Groupon Enters Superbowl Advertising & Dow Jones bounces to 12,000

"Groupon buys Super Bowl Ad" by Laurie Segall reports…

At Sundays’ Superbowl, Groupon will enter the roster of Superbowl ads.  Ads are running about $3 million dollars. With recent fundng of about $950 million and an estimated value of over a billion, Groupon has placed themselves in an ad spot worthy of its supposed value. Groupon has not given the cost of the ad.

"Stocks drift as Dow holds 12,000" by Ben Rooney reports…

After the Dow Jones experienced a bad Friday, it came back by closing over 12,000 two days in a row. The S&P 500 closed yesterday above 1,300. February has started off great for the market but there is still some caution. On one hand, the economy is going better than expected but people are watching out for the impact from the crisis in Egypt.

Of course, everyone is watching for oil; it is expected to increase as the Egypt crisis escalates. The article listed some companies who made a name for themselves after yesterday’s closing. Notable ones: Time Warner and Electronic Arts with reports of good earnings and Borders, whose stock has been plunging.


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