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Groupon revises fourth quarter results, shares fall

Groupon Inc unnerved investors yet again after it cut its previously reported fourth-quarter revenue and net income, blaming higher-than-anticipated refunds on deals for the sharp downward revision in the numbers.
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EU push for ocean energy set to fall short

Europe's wave and tidal power technology is likely to disappoint EU expectations for 2020 and take over a decade to contribute to energy supply in a significant way, even though it is chalking up rapid growth and drawing in big industrial investors.
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US New-Home Sales Fall 1.6% In Feb.

U.S. new-home sales fell 1.6 percent in February, but prices jumped to their highest level in seven months, according to the Commerce Department.
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Jobless claims fall to four year low

The number of Americans claiming new unemployment benefits dropped to a four-year low last week, offering further evidence the jobs market recovery was gaining traction.
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Adobe Revenue Slows ahead of Upgrades, Shares Fall

Adobe Systems Inc, maker of Photoshop and Acrobat software, said revenue growth slowed as sales of its widely used Creative Suite software fell, missing its forecasts, ahead of widely anticipated product launches this quarter.
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Sprint shares fall as analyst cites bankruptcy risk

Shares in Sprint Nextel fell 4.5 percent on Monday after an analyst report said there is an increasing risk that the No. 3 U.S. mobile provider could end up filing for bankruptcy as the debt-laden company faces tough competition and steep costs due to factors such as its iPhone deal with Apple Inc.
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Apple Shares Rise As New iPad Sales Begin

Shares of Apple (Nasdaq: AAPL) recovered after plunging in the first hour of trading as sales of its latest iPad brought lines to its U.S. retail stores and wireless company outlets.
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Jobless claims fall, manufacturing holds up

Economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month.
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U.S. jobless claims fall, manufacturing holds up

U.S. economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month.
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Crude stocks rise, oil products fall: EIA

Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil products fell, data from the U.S. Energy Information Administration showed on Wednesday.

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