Tuesday, May 21 2013 2:58 PM EDT2013-05-21 18:58:53 GMT
WASHINGTON, DC (WTTG/FOX) – While preparing for Memorial Day or any other outside activity, many people forget one important thing – sunscreen. Tim Turnham, an expert with the Melanoma Research Foundation, saidMore >>
Cases of melanoma, a type of skin cancer, are growing 2 percent annually for children and 3 percent for adults. The rate has doubled since 1973.More >>
Saturday, May 18 2013 5:56 PM EDT2013-05-18 21:56:22 GMT
VALLEY BROOK, OK (KOKH/FOX) – Joe's Addiction is an appropriate name for a coffee shop that proudly welcomes and helps drug abusers, but the city objects to the way it operates. Valley Brook Mayor DonnaMore >>
Joe's Addiction is an appropriate name for a coffee shop that proudly welcomes and helps drug abusers, but the city objects to the way it operates.More >>
Friday, May 17 2013 6:58 PM EDT2013-05-17 22:58:40 GMT
TAMPA (WTVT/FOX) - A man is facing first-degree murder charges after he was accused of causing his girlfriend to miscarry by secretly giving her an abortion pill. John Andrew Welden, son of a Tampa fertilityMore >>
John Andrew Welden, son of a Tampa fertility doctor, allegedly tricked his girlfriend into thinking an abortion pill was an antibiotic.More >>
Thursday, May 16 2013 11:28 AM EDT2013-05-16 15:28:43 GMT
SAN ANTONIO (KABB/FOX) - At least 20 people were injured after an escalator malfunctioned at the Henry B. Gonzalez Convention Center. The convention center was playing host to the Dish Network Corporation'sMore >>
At least 20 people were injured after an escalator malfunctioned during the annual dish Network team summit.More >>
Thursday, May 16 2013 10:27 AM EDT2013-05-16 14:27:05 GMT
ORLANDO, FL (WOFL/FOX) - Sen. Bill Nelson, D-FL, is calling for an investigation into what he believes are suspicious arrests of American tourists visiting the Bahamas. Nelson said police in Turks andMore >>
Sen. Bill Nelson, D-FL, said the alleged scam is primarily directed toward elderly Americans who are in a vulnerable position because they want to go home.More >>
(RNN) - The sound of internet deal company Groupon's emergency brakes could be heard throughout Wall Street Monday as shares in the Chicago-based company's stock dropped 16.9 percent.
The drop comes just days after Groupon announced a revised fourth-quarter revenue of $492.2 million from $506.5 million – a 3 percent decrease.
The company, which began trading publicly in Nov. 2011, released a statement explaining that the revision was due to "an increase in the Company's refund reserve accrual to reflect a shift in the Company's fourth-quarter deal mix and higher price point offers, which have higher refund rates."
The internet rumor mill added to speculation that the company may be in trouble after an article in The Wall Street Journal claimed the SEC was examining the revision and in the "preliminary stages" of deciding if further investigation would be necessary.
Although a "person close to the matter" was sourced in the story, at this time the SEC is declining comment.
Groupon is no stranger to SEC problems, experiencing several issues with the way they wished to report revenue prior to its initial public offering. The company chose to change practices after federal regulators began to ask questions.
But while they may not agree on practices, Groupon does agree with the SEC on one level – declining to comment.
The National Shareholder Rights and Securities Law Firm of Gilman Law LLP, however, chose to dive head first into the controversy.
In a statement released Tuesday, the firm announced an investigation of a "potential breach of fiduciary duty claims by current shareholders of Groupon, Inc. ("Groupon") against the board of directors of Groupon in connection with alleged false revenue reports and misleading statements in violation of certain federal and/or state securities laws."
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