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Stock Futures Flat on Weaker Japan Growth

Written by: Andrea Tse 08/13/12 - 7:06 AM EDT
Tickers in this article: ^DJI ^GSPC BAC ^IXIC GRPN GOOG IR

Peltz's Trian Management LP fund took a roughly 7% stake in the company in May. The company is expected to announce Peltz's appointment to the board on Monday, the people told the newspaper.

Groupon(GRPN) is expected by analysts Monday to post second-quarter adjusted earnings of 3 cents a share on revenue of $578 million.

In the first quarter, the daily deals site posted a profit of 2 cents a share on revenue of $559.3 million.

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Shares of Groupon have declined more than 60% since its IPO in November was priced at $20.

Julius Baer , the Swiss private bank, said Monday it would acquire Merrill Lynch's wealth-management business outside the U.S. and Japan from Bank of America(BAC) for $880 million.

Motorola Mobility, which Google(GOOG) bought in May, told employees Sunday it plans to cut 20% of its work force.


-- Written by Andrea Tse in New York.

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