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News In Brief

MIDDAY UPDATE: Groupon and the Fed

Katharine Crnko Dec 1, 2010

All eyes were on Google today and the Internet mega-corp deliberates on buying the up-and-coming Groupon. In a move that can only be seen as tactful, Google offered Groupon’s owner $6 billion for the start-up.

The Federal Reserve will release the names of all the institutions that were loaned money during the financial crisis, accounting for over $3 trillion of emergency aid.

Over the past few weeks we’ve heard about Ireland and Portugal’s economic struggles, but it looks like economy woes could be spreading across Europe.

In Cancun, it looks like Japan wants to turn its back on Kyoto (the agreement, not the city). Beijing has unveiled details about a new crackdown on intellectual property theft.

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