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Could Coupons be the Next Groupon? Chart of the Day
Coupons.com was a darling on the day of its IPO earlier this year, but things haven't gone well since, and it's Thursday's Chart of the Day. The startup has big backing from a number of top venture capital firms, but when a big name goes public that can turn into a liability -- Coupons.com was downgraded ahead of its IPO share lockup expiration by one analyst who says the company's stock could fall next. When RetailMeNot, a recent comp, hit its lockup, shares hit the market, and the stock fell. Coupons.com has already drawn comparisons to Groupon, but with some key metrics rising, it may yet survive the bear calls.
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United Airlines Offers Flight Attendants Buyouts Worth up to $100,000
United Airlines is cutting costs by offering an 'early out' program in seniority order to those who meet certain qualifications. The buyout package is worth up to $100,000 and United hopes for about 2,000 flight attendants to say yes and walk away. The airline predicts this early-exit plan will help in reaching a contract agreement with the Flight Attendants union. It can also reduce or avoid layoffs if enough attendants leave voluntarily and remove more expensive, senior employees from the payroll, which means more money in the bank for United. United Airlines spokeswoman, Megan McCarthy says, 'The cost is less to have a flight attendant with less experience versus one that has more.' United will be providing these buyout packages over the next two years.
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Top Six NFL Leagues that Offer the Cheapest Beer For Fans
Going to an NFL game can burn a hole through your wallet, especially after purchasing tickets, buying souvenirs for the family and then there’s the cost of concession stand beer. Most fans can find themselves buying a small draft beer for a ridiculous amount of money. The average price of a beer at an NFL stadium jumped from $0.41 an ounce last year to $0.44 an ounce this year, bringing the average price of beer to $7.50 a pint. But, if you’re looking to save a dime, there are still some deals to be had. Team Marketing Report's Fan Cost Index found the six cheapest beer prices in the league. Is your team one of them?
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Facebook Under Fire as Drag Queens Take Stand on Profile Name Changes
The clock is ticking on Facebook users who use aliases on their personal page to change it to their legal name or risk having their page deactivated. Facebook is giving users a week to make the changes. It has become a hot button issue on social media, and drag queens are one group that has been very vocal about the policy. Harmonica Sunbeam, a drag performer, says people use their personal page as 'a building block to build their fan base' before they go on to launch a celebrity fan page. TheStreet's Legal Analyst Vanessa Soman says there is no legal reason Facebook is making it a requirement to use legal names. Soman says, 'Facebook should be thinking outside the box of how to come up with a solution. There are ways that they can do that without shutting down pages.' TheStreet's Ruben Ramirez has details from New York.
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EXCLUSIVE: DJ Armin van Buuren on the Business of Electronic Dance Music
Generating over $4 billion a year, electronic dance music (EDM) could be transforming from a genre into a full-fledged business. DJ Mag's Five-time world #1 and Grammy nominated DJ, Armin van Buuren, sits down in an exclusive interview with TheStreet to explain how the global phenomenon of EDM is impacting all aspects of the music industry. Performing in front of almost one million people a year, he explains that access to music is more important than buying music. He says the live performance is essential to the success of the digital music genre. He further talks about how technology has shaped the industry into the global success it is today and what it has done for his career.
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Financial Adviser Offerings Expand, Pure Stockbrokers No More
Financial advisers need to provide more services than ever to satisfy their clients, said Nicholas Stuller, CEO of AdviceIQ. Stuller stopped by TheStreet to cap off National Financial Advisors Week. He said the skill sets of the modern financial adviser have broadened along with the resources that are available to them. Stuller added that advisers and clients need to work together to identify benchmarks and fees, especially when the percentage of customers paying per individual stock trade is declining. Finally, he discussed the benefits of traditional asset managers versus the independent registered representative.
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What to Watch on Wall Street for Monday, September 22nd 2014
In today's ‘What to Watch on Wall Street’ segment for Monday, Sept. 22nd 2014, we tell you about New York Federal Reserve Bank President William Dudley who will speak on reversing quantitative easing at the Bloomberg Markets Most Influential Summit in New York. On the earnings front, we cover financial results for AutoZone (AZO) and food safety company, Neogen Corp (NEOG). On the U.S. economic calendar, the Chicago Fed National Activity Index for August as well as the numbers for existing home sales are due out. For the latest financial news and updates from Wall Street, check back here on TheStreet.com throughout the day.
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Caterpillar Inches Lower as Demand for Mining Machinery Stalls
Shares of Caterpillar fell on Friday making it TheStreet's Move of the Day. The manufacturer of construction equipment said global machinery sales plunged 10% over the three months to August. Machinery demand was markedly weak in Latin America where sales tanked 29% year-over-year. Softness in the region was partially offset by sales in North America which climbed 8%. In its mining equipment division, sales plummeted 33% globally. Demand has suffered, a product of mining companies relying upon pre-existing mines in lieu of expanding or opening new sites. Caterpillar was Friday's worst performing-stock on the Dow Jones Industrial Average.
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Alibaba Starts Trading at $92.70, Cramer Warns Against Buying High
Chinese e-commerce giant Alibaba began trading on the New York Stock Exchange on Friday, opening at $92.70 with an initial offering price of $68 a share. In the moments after the stock began trading, it climbed higher -- nearly touching $100. But Jim Cramer says investors should beware of buying too high. Cramer says the stock is not a bargain between $90 and $100, and investors who care about valuation will sell it at those levels. The company started trading with a market capitalization of about $228.5 billion, making it more valuable than both Facebook and Amazon. Its market capitalization is still behind that of Apple and Google.
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Nasdaq Turns Lower, Dow and S&P 500 Still Higher on Alibaba Debut
The Nasdaq turned lowered in midday trading Friday as the other major markets continue to move higher, boosted by the excitement over Alibaba's (BABA) debut at the New York Stock Exchange. The Chinese e-commerce giant priced its IPO at $68 a share and it began trading at $92.70 a share up roughly 35%. Yahoo (YHOO) owns about a 24 percent stake in Alibaba and is trading higher. The Conference Board's index of leading economic indicators increased 0.2% in August. The expectations was for a rise of 0.4%. Concur Technologies (CNQR) is up about 18% on news it will be bought by German's software giant SAP for $8.3 billion. Telsa (TSLA) is moving lower after an analyst at Goldman Sachs (GS) commented on concerns about the timing and capital needs of the new gigafactory.