Groupon Inc., the biggest daily deal website, jumped 12 percent after analysts at Deutsche Bank AG upgraded the stock, citing optimism that increasing use of the company’s mobile application can boost sales.
JPMorgan Chase & Co. will fight “till the end” anyone who sues claiming they were misled over more than $6.2 billion in losses at the chief investment office last year, Chief Executive Officer Jamie Dimon said.
Dish Network Corp.’s merger talks with Sprint Nextel Corp. collapsed after a series of disagreements, including Sprint demanding a $3 billion reverse- breakup fee, people familiar with the matter said, leaving the satellite-TV company with just a week to regroup and try again.
President Barack Obama’s sitdown with Chinese President Xi Jinping this weekend comes as acquisitions by mainland companies in the U.S. heighten public unease toward its economic rival. Proponents of the deals say Americans ought to relax.
Dish Network Corp., the satellite-TV provider controlled by billionaire Charlie Ergen, topped Sprint Nextel Corp.’s bid for Clearwire Corp. in a move that may support its separate offer to purchase Sprint itself.