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3XSQ: Another Groupon exec says "no deal"

Friday, August 24, 2012 - 03:58

Aug 24 - Lee Brown, who oversees Groupon's national sales, is leaving the online coupon company, according to an internal memo exclusively obtained by Reuters.

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Ahead another topic that gets out of Groupon. And dirty Harry gets -- later in the show. -- the different times where this Friday from Reuters world headquarters in New York. A Reuters exclusive. Another exact group on says no deal and has been getting out of the battered company. We've brown who oversees Groupon national sales is jumping ship according to internal memo. This comes after other senior executives departed this year brown hasn't said why he would actually is leaving. One thing is certain -- Groupon has been crushed on growth concerns. Losing about three quarters of its value since the company's IPO last year the stock down over 1%. Our Friday power player of the day is none other than News -- keep Rupert Murdoch. He thumbing his nose Queen Elizabeth the Second after his flagship tablet the son became the first UK paper to run those photos of Prince Harry Harding naked in Vegas. His -- all of you Kate titles which have fallen in line with the request made by a royal family lawyer to respect prince Harry's privacy. The sunset degrade -- pictures were really available on the on the web. And issue had become one of quote freedom of the press. For Murdoch to markets the S&P 500 is hovering around that key psychological 14100 level. It was a -- earlier thanks to Europe investors were sour on the news German Chancellor Angela Merkel say it reached its day in the -- -- -- is in line and it -- are Merkel wants Greece but on her own terms. Yeah that's that's kind of the way it sounds it was out. How well crafted diplomatic -- press conference Lisa both medical and no longer seems want Greece to stay in the Euro zone. I've but it must meet his reform targets she said Germany would not judge Greece's performance premise surely. But would wait for the troika. Of international lenders to give their evidence next month felt that now that doing all the paperwork got -- And -- provide that evidence when they leave so not a great deal of substance to this press conference. But some say it is the clearest indication yet at least a bit sad that -- German relations are getting backs up. And the clear signals of -- -- one -- -- out of the yards and the Japanese prepared to wait and see how much to be achieved as -- summer last year repeated his line. That Greece needs room to breathe that it doesn't want more money from it's yours and harness just some at. In this darn eve -- -- taking -- his words at that press conference so we'll have to wait and see but as as a step in the right direction for. Okay thanks -- in London. The close keep coming for hedge fund manager John Paulson and -- has learned the latest write -- comes from Citi private bank. It's taking 410 million dollars at a Paulson hedge fund one portfolio city is exiting from the scene double digit losses this year. Paulson business has been suffering after a bad bet US economic recovery he told investors started the year at his losses were just put aberration. But he's been struggling to get back on track. Lucky number seven today's daily digit it's anything but that now from Lance Armstrong. The total number of his Tour de France wins and the total number of titles he's likely to be stripped. After his stunning announcement that he will no longer -- investigate. His alleged doping by the US Anti Doping Agency. Quote enough is enough Armstrong wrote on his website yesterday. His prize money can also be at risk. That's the latest entry Times Square you can follow us on Twitter at Reuters Insider and check out our energy to channel at Reuters dot com slash letters TP. I'm Lisa Bernhard this is right.

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3XSQ: Another Groupon exec says "no deal"

Friday, August 24, 2012 - 03:58