Groupon (NASDAQ:GRPN): Groupon shares are trading up slightly as CEO Eric Lefkofsky says that Groupon is looking to buy at least three warehouses to support its direct e-commerce sales and fulfillment efforts. A Kentucky facility has already been singled out for acquisition while e-commerce sales have been ramping up. Though sales are increasing, Groupon’s margins have been sagging; Lefkofsky says that the warehouse purchases will help to expand them.
International Business Machines Corp. (NYSE:IBM): IBM’s vice president of business partners and mid-market sales, Bill Donahue, will be retiring after 32 years with the company. North American competitive sales initiatives Vice President Jim Gregory will fill in while IBM searches for a full-time replacement. Donahue was in charge of overseeing IBM’s numerous relationships with channel resellers and systems integrators.
Las Vegas Sands Corp. (NYSE:LVS): Las Vegas Sands and U.S. prosecutors have reached a deal to settle a money laundering investigation. Under the terms, Sands will avoid criminal prosecution in exchange for a $47 million fine and acceptance of the Justice Department’s assertion that it failed to report suspicious financial activity by one of its customers. The probe was active for two years and was sparked by concerns that casinos’ most lucrative customers were allowed to gamble using proceeds from illegal activities.
TransCanada Corp. (NYSE:TRP): TransCanada has won a state appeals court ruling that will allow it to lay the Keystone XL pipeline across a family farm in northeastern Texas, therefore removing one of the last obstacles holding back the company’s completion of the southern piece of the Canadian tar-sands line.
TiVo Inc. (NASDAQ:TIVO): Net income of -$13.05 million and revenue of $100.09 million, beating by $26.47 million, are helping send TiVo shares up nearly 5 percent as subscriber net adds reached 212,000. The monthly ARPU for TiVo-owned subscriptions was $8.81, far over the $1.15 ARPU reported for MSO subscriptions. Total TiVo subscriptions are now at 3.6 million, up 33 percent year-over-year as MSO deployments continue to drive growth.