Technology Report: Groupon drops 4.5 percent as top underwriter lukewarm

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	12/14/2011
Good afternoon Bit Research In Motion has already doled out a big helping of bad news ahead of its financial results on Thursday, but surprises could still await investors hungry for details about what many see as a new, make-or-break BlackBerry. Investors are desperate to know whether RIM will stand by its current timetable to switch its smartphones to the new QNX operating system by early next year. The transition is considered the Canadian company's last, best chance to reverse its declining fortunes. T-Mobile USA plans to market the Lumia 710 phone from Nokia to first-time smartphone buyers as the two companies push to recoup market share losses of recent years. CNET's Roger Cheng doesn't hold any punches about the move. "So let me get this straight: the former handset titan that badly needs another shot is debuting with the weakest nationwide carrier as its partner, using its middle-of-the-road phone as the kickoff device. Seriously?" Bloomberg reports that eBay's PayPal business, aiming to challenge Groupon and LivingSocial.com in the market for online daily deals, plans to start offering coupons tailored to users' buying habits and mobile-phone locations. Google is making $11.5 million in grants to fight modern slavery and its hold on 27 million people worldwide, the technology company said on Wednesday. The donation is believed to be one of the largest corporate initiatives ever to fight slavery. Finally, almost a quarter of the European Union's 500 million people have never used the Internet and there is a widening division between the web-savvy north of Europe and the poorer south and east, figures released on Wednesday showed. LATEST NEWS Groupon drops 4.5 percent as top underwriter lukewarm December 14, 2011 01:28 PM ET (Reuters) - Groupon Inc shares dropped on Wednesday after the top underwriter on the company's recent initial public offering started research coverage with a luke-warm report. | Full Article Olympus reveals $1 billion balance sheet hit December 14, 2011 10:21 AM ET TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its finances. | Full Article Wall Street backpedals as global risks rise December 14, 2011 03:08 PM ET NEW YORK (Reuters) - Stocks fell for a third day and hit their lowest level in two weeks on Wednesday as widespread risk aversion sank commodity prices, drove the euro to its lowest in a year, and pushed Italian bond yields to a record high. | Full Article Insight: MF Global puts harsh light on self-regulation December 14, 2011 02:35 PM ET WASHINGTON (Reuters) - Two weeks after MF Global's collapse, officials from the Commodity Futures Trading Commission briefed Senate staff on the brokerage firm's final days. When asked about reports that the brokerage firm had written checks that bounced when customers tried to cash them, the regulators had an admission that surprised the room: they didn't know about the bad checks. | Full Article OPEC oil deal puts Saudi back in charge December 14, 2011 03:12 PM ET VIENNA (Reuters) - OPEC oil producers on Wednesday sealed their first new output agreement in three years in a deal that settles a 6-month-old argument over supply policy firmly in Saudi Arabia's favor. | Full Article BUSINESS NEWS Fed won't bail Europe out, Bernanke tells lawmakers December 14, 2011 03:42 PM ET WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke told Republican senators on Wednesday the Fed can't and won't provide bailout funds to support European banks or nations, lawmakers said. | Full Article Manufacturing can thrive but struggles for respect December 14, 2011 02:14 PM ET BOSTON (Reuters) - On a quiet stretch of the waterfront here, about a mile from Boston's main tourist sites, a Gillette factory hums along 24 hours a day making an unlikely commodity: top-of-the-line razors. | Full Article Germans rebuff calls for ECB action after summit December 14, 2011 02:29 PM ET BERLIN/FRANKFURT (Reuters) - Germany's chancellor and central banker urged Europe to stick to stricter budget discipline and forget about one-shot solutions after financial markets judged that another EU summit had failed to resolve the euro zone's debt crisis. | Full Article Tax fight gets nastier as government shutdown looms December 14, 2011 02:10 PM ET WASHINGTON (Reuters) - The United States on Wednesday faced the prospect of an imminent government shutdown for the third time this year as a year-end fight between Republican and Democratic lawmakers in Congress over taxes and spending turned nastier. | Full Article China says will hit U.S. auto imports with duties December 14, 2011 03:25 PM ET BEIJING/WASHINGTON (Reuters) - China will impose punitive duties of up to 22 percent on large cars and SUVs exported from the United States, China's Commerce Ministry said on Wednesday, the latest in a series of trade disputes between the world's two largest economies. | Full Article U.S. TOP NEWS Obama: Troops leaving Iraq with heads held high Analysis: Supreme Court immigration case a federal-state test Take off that tie to save energy, Chilean men told Missouri woman gets $6.1 million from unclaimed property Chinese man arrested for hiring wedding strippers RELATED VIDEO Apple history sells for almost $1.6 million Dragon Tattoo marks 4K milestone Boeing exec says airline's betting big on 737 model A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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