Money Matters - Simplified


Groupon turns down Google’s $6bn acquisition bid?

The market is abuzz with speculations that the founder of Groupon (an internet-coupon provider service) Andrew Mason has turned down search giant Google’s reported $6 billion acquisition proposal.

Parade rejects Mayflower descendants

Detroit -- A group of Michigan descendants of the Mayflower pilgrims said they were refused a slot in Detroit's Thanksgiving parade.

June Gorman, governor and historian of Michigan's Society of Mayflower Descendants, which has more than 500 members, said organizers of the 84th America's Thanksgiving Parade rejected their application to participate Thursday without explanation, The Detroit News reported Tuesday.

"We thought this would be a perfect match for our organization," Gorman said. "If it hadn't been for our ancestors, there wouldn't even be a Thanksgiving."

Auto dealer chair rejects 60 mpg goal

Detroit -- The chairman of a national U.S. auto dealers association said the Obama administration's new fuel standards goals were too ambitious.

Speaking to an Automotive Press Association audience at the MGM Grand in Detroit, National Automobile Dealers Chairman Ed Tonkin said, "We would all like to believe consumers would be willing to pay whatever it takes to reach such a worthy goal.
But will they? Or is this another example of getting ahead of the consumer?"

The Obama administration is studying a proposal to have auto maker fleets reach an average fuel efficiency rating of 60 miles per gallon by 2025. The current goal for the industry is to obtain an average of 35.5 miles per gallon by 2016.