Groupon Drops After Hours, Weak Economic Data Released from Japan (GRPN, BP)

By: , dated August 13th, 2012
What was the S&P 500's longest streak since December 2010 finally ended on Monday with US indices trading sideways after weak economic data from Japan. Oil was pushed lower due to US equity market drops and Japan's GDP news. BP (BP) has decided to sell a Californian refinery and other assets to Tesoro. Google (GOOG) reported plans to acquire the travel content brand Frommer's and also announced that it will be offering a buyout to 20,000 Motorola Mobility employees. After hours it was announced that Groupon (GRPN) shares dropped sharply and came in below their targeted revenue forecast. For the first time in several days the euro gained against the dollar.

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