The e-commerce and online deals company said in a blog post Tuesday that the cuts are mainly in its international business. Having already closed its operations in Greece and Turkey, Groupon said it is also leaving Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay.
Posts tagged MC
Groupon to axe 1,100 jobs, end operations in 7 more nations (23-09-2015)
Bull’s Eye: Sell Bata, Bajaj Fin, ICICI Bank, SRF, buy BEL (23-09-2015)
Rakesh Bansal of RK Global advises selling Bata India with a target of Rs 1085.
Honda makes history, sells over 1 m Activas in first 5 mths (23-09-2015)
Activa sold a total of 2.17 lakh units in August and cumulatively sold more than 1.7 lakh units more in the five-months period.
China flash PMI falls to a 6-1/2-year low in September (23-09-2015)
The closely-watched gauge of nationwide manufacturing activity focuses on smaller and medium-sized companies, filling a niche that isn’t covered by the official data.
Nifty to fall at open as China PMI sinks to over 6-year low (23-09-2015)
Indian equities are set to start off on a weak note, a day after they plunged in a late move that saw a 2 percent cut on benchmark indexes.
Wall Street slides with commodity-related stocks, autos (23-09-2015)
The Dow Jones industrial average fell 179.72 points, or 1.09 percent, to 16,330.47, the SP 500 lost 24.23 points, or 1.23 percent, to 1,942.74 and the Nasdaq Composite dropped 72.23 points, or 1.5 percent, to 4,756.72.
Asian stocks widen losses after grim flash China PMI (23-09-2015)
Asian equities mostly widened losses early Wednesday, after China’s flash Caixin purchasing managers’ index (PMI) fell to a six-and-ah-half-year low of 47.0 in September.
India, US hold high-level strategic and commercial dialogue (22-09-2015)
The first India-US Strategic Dialogue, announced during the India visit of Obama in January this year, is being hosted by Kerry along with Commerce Secretary Penny Pritzker at the Department of State.
Gold moves lower as weak China demand, Fed rate hike continue to weigh (22-09-2015)
Gold moves lower as weak China demand, Fed rate hike continue to weigh
No more unbanked areas (22-09-2015)
Technology and the payment bank licence look all set to expand and intensify financial inclusion as never before