Groupon Inc., a Chicago-based Internet-coupon service with more than 35 million users, walked away from an acquisition offer from Google Inc. yesterday, according to a person with knowledge of the matter.
Google Inc., which won U.S. approval for its acquisition of Motorola Mobility Holdings Inc., is close to naming Dennis Woodside to run the business when the deal closes, three people familiar with the matter said.
Hedge funds may go from soliciting individual investors behind closed doors to conducting wide advertising campaigns without restriction under a rule proposed yesterday by the U.S. Securities and Exchange Commission.
Google Inc. approached Motorola Mobility Holdings Inc. a week before activist investor Carl Icahn publicly pressed the phone maker to explore strategic alternatives, said two people with knowledge of the matter.
Apple Inc. can keep posting sales growth of more than 50 percent in the next two years as a mobile applications boom fuels demand for devices such as the iPad, said the chief executive officer of Forrester Research Inc.