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Articles tagged with: initiatives

U.S. Invests In Smart Grid Tech + Security

According to eWeek, The United States government has recently came forth with a series of initiatives to implement information technology to the national power grid to make it “smarter”, more efficient, and secure. The council of National Science Technology outlined plans to create a smart grid innovation hub, in a report released yesterday called “Building the 21st Century Grid.”

The innovation hub will be composed of federal researchers, companies, and utility executives and will support research, development, and deployments of smart grid technology.

Groupon Files For $750 Million IPO
According to Business Insider, Groupon has filed an S-1 with the SEC (Securities and Exchange Commission) in efforts to raise $750 million in an Initial Public Offering (IPO), backed by Morgan Stanley. Some of details of the filling
  • Groupon lost $413 million in 2010
  • 2010 revenues totaled $713 million
  • Groupon’s first quarter 2011 revenues reached $645 million
  • Groupon has 83 million email subscribers
  • Groupon sold 30 million coupons last year
  • Groupon spent $86 million on operating costs in 2010
  • Groupon has 7,000+ employees