Deal-of-the-day Web site Groupon offered up the deal-of-the-century (at least so far) to its early investors. The majority of the $135 million the company recently raised from Russia-based Digital Sky Technologies and other venture capital firms will go to cash out Groupon’s insiders, which include early investors Eric Lefkofsky and Brad Keywell. The entrepreneurial duo that is also behind …
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Things looking somewhat more positive on the “stranded in London” front. Airlines are starting to push back versus air travel authorities, and it does appear that airplanes can fly below the volcanic ash (albeit with presumably worse economics, since engines on big planes are optimized to fly at 30,000+ feet). So flight might resume this [...]
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Contribute as much as you can, take advice, avoid excessive risk.
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After more than three decades, the Empire Diner in Chelsea will serve up its final meal next month after losing a lease battle earlier this year.
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The Catskill Mountains near Greenport, N.Y., are blanketed with snow. The view is from Columbia County looking west toward the Catskills.
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New Jersey’s largest police and firefighter unions on Friday filed a lawsuit challenging newly enacted changes to their pensions and health benefits.
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SAN LUIS, Ariz. — Police Chief Rick Flores says he will meet with Mexican customs officials to discuss ways to speed the flow of traffic that now backs up into the Arizona border city while waiting to enter Mexico.
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With a combined unfunded liability of $78 billion, none of Illinois’ state-backed pension systems appears to be doing well. The Teachers’ Retirement System accounts for nearly half that debt, mostly because it is the largest pension system, covering public school teachers and administrators outside of Chicago.
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INVESTORS SNAPPED UP A P10-billion retail bond offering of Ayala Corp., with the order book swelling to at least double the target fund-raising size of the 176-year-old conglomerate early on the offer period, banking sources said.
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When gold declined last Friday we were not caught by surprise and neither were our Subscribers. Based on our technical analysis, we gave you a heads up two weeks ago when we said that gold was ready for a decline before resuming its upward climb.
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