 | Good afternoon Bit |  |  | Groupon called off an IPO roadshow slated for next week because of market volatility, the Wall Street Journal reported. The Internet coupons site is reassessing the timing for an offering on a week-by-week basis, the newspaper added, citing an unidentified source. Some on Wall Street have questioned Groupon's financial disclosures, while others are concerned the company's rapid growth is starting to slow in North America. Groupon CEO Andrew Mason sent a memo to employees recently that was widely reported in the media, in which he blasted critics in the press and on Wall Street.
Sprint filed a lawsuit to stop AT&T's $39 billion purchase of T-Mobile USA in the same federal court that is to hear the Department of Justice's case opposing the buyout. Sprint said the combination would lead to higher prices for consumers and create a duopoly between AT&T and Verizon Communications. Also, Sprint argued that if the deal goes through, a combined AT&T and T-Mobile would have the ability to use its control over roaming and spectrum, and its increased market position to exclude competitors.
Dell and China's top search engine Baidu plan to jointly develop tablet computers and mobile phones, targeting the Chinese market dominated by Apple and Lenovo. Dell declined to give a timeline for the launch of the devices, but local media quoted sources saying that it may be as early as November. Baidu launched a new mobile application platform last week and offered a glimpse of its upcoming mobile operating system, which it hopes will serve a growing number of users accessing the Internet from smartphones and tablet computers.
Regulators in South Korea raided Google's Seoul offices, according to a source familiar with the matter. Google said in a statement that it will work with the Korean Fair Trade Commission to address any questions it may have about the Web search leader's business.
Jaguar Financial Corp, an activist shareholder in Research In Motion, said it wants the struggling BlackBerry maker to consider selling itself or spinning off its patent portfolio, sending RIM's share price higher. Jaguar CEO Vic Alboini said Jaguar has talked to a select group of shareholders and received broadly positive feedback for its plan. Jaguar, a Canadian merchant bank that targets underperforming companies, and its supporters hold less than 5 percent of RIM's stock. RIM shares ended up, just over 1 percent. | | | LATEST NEWS | | U.S. must reveal some cellphone tracking cases: court | | September 06, 2011 04:31 PM ET | | WASHINGTON (Reuters) - The government must tell the public how it tracked suspects by cellphone without having given a judge detailed reasons for the tracking in some cases, an appeals court ruled on Tuesday, in a case pitting new technology against privacy rights. | Full Article | | Amazon steps up social media efforts | | September 06, 2011 11:41 AM ET | | SAN FRANCISCO (Reuters) - Amazon.com Inc is stepping up social media efforts after the largest Internet retailer partially missed one of the hottest technology trends of recent years. | Full Article | | Sony recruits information security boss after hacking | | September 06, 2011 05:18 AM ET | | TOKYO (Reuters) - Sony Corp picked a former official at the U.S. Department of Homeland Security for the new post of chief information security officer, months after a massive hacking attack leaked information on 100 million user accounts on its games networks. | Full Article | | | BUSINESS NEWS
| | Swiss draw line in the sand to cap runaway franc | | September 06, 2011 03:36 PM ET | | ZURICH (Reuters) - The Swiss National Bank shocked markets on Tuesday by setting an exchange rate cap on the soaring franc to stave off a recession, discouraging investors anxious about flagging global growth from using the currency as a safe haven. | Full Article | | Private equity giant Carlyle files for IPO | | September 06, 2011 03:07 PM ET | | NEW YORK/BANGALORE (Reuters) - Private equity company Carlyle Group filed for an IPO on Tuesday, a long-awaited move to catch up with rivals Blackstone, KKR and Apollo, but the volatility of global markets means an offering is unlikely until the first half of 2012. | Full Article | | U.S. bank stocks slide on mortgage worries | | September 06, 2011 04:23 PM ET | | CHARLOTTE, North Carolina (Reuters) - JPMorgan Chase & Co and Bank of America led bank stocks lower on Tuesday after mortgage lawsuits filed late on Friday aggravated investor fears that the biggest banks could face massive legal liabilities. | Full Article | | Service sector picks up but jobs still a worry | | September 06, 2011 02:46 PM ET | | NEW YORK (Reuters) - The dominant services sector picked up steam unexpectedly last month, snapping a three-month streak of slower growth, though a slower pace of hiring underscored concerns about the broader job market. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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