she made the offer for her services on groupon. at first, she was overjoyed when more than 3,000 people signed up for it. >> we thought it was the best day of our lives. we were like, wow. basically just made $300,000. we were so happy. >> make a turn. go like that and pedal. >> john huntington, start-up owner of hydro bikes in long beach, california. also made his first groupon offer last year. it was august 24th, 2010. just two months after his opening day. and he remembers it well. >> i made 13,800. that day. so that was a very profitable day. it was a great 17 hours. >> how many is the back table set for? >> ray hasser, 14-year owner of lasher's restaurant also in long beach was haile skeptical when groupon approached him. at first blush he didn't see how what amounted to a 75% discount could possibly make him a profit. >> i put the math to it. and i came up with some ideas that i thought i could make money, and still take advantage of the tremendous impact. >> indeed the impact can be tremendous. groupon told lasher that nearly

below the average receipt total. >> say they spend $100. $50 is the groupon. they spend another $50. that second $50, i'm making my full profit. i have people in empty chairs. >> timing is key. since the last weeks of the offer get the biggest number of groupon customers, he schedules it to expire early fall. >> as you get toward the end of the expiration date, it's not a bad idea to time it. i time the end of my groupon to my slower period of time. >> large numbers alone are not meaning success. >> it didn't translate to more sales or more growth. >> if you can harness the numbers, bring it on. >> i have great reps. it will be great for some and not for others. i know that. >> it's a complicated issue and groupon has made some changes. let's weigh the pros and cons of the daily deal sight with the board of directors. rita is the founder, president and ceo of grow media. great to see both of you guys. >> great to see you. >> as we were watching this, you were both shaking your heads a bit. what is your reaction, good, bad? >> you have to plan ahead of time. you

decisions and how they use that digital world and we had the opportunity to meet andrew mason, the ceo of groupon it work? you need a minimum of takers of the offer before anybody can take the deal, right? >> yeah, we need a minimum of 15 students. we drafted the course so there's an introduction for individuals looking to change their profession and become teachers. we are always looking for individuals who want to pursue a career of teaching and this is a way to wet their appetite and put their toe in the water and see if teaching is the career they want to pursue without making a broader commitment to the program. >> so you get a course that is generally over $2,200 for the course, and they get it for the discounted number of $950. >> yes. >> what happens if you don't take the takers? nobody gets the great deal? >> yes, that's how the groupon deal works. that's how the groupon deal works, so yeah. >> do you feel it's fairly promising you will have 15 takers, or is it an avenue to get more attention for your university? >> no, we're optimistic about it, and we want to raise awareness. our other

the plans. let's go to bloomberg west. >> good afternoon. big news is groupon is delaying its ipo saying the site is reevaluating plans to go public no thanks to stock market volatility. that said, the company cancelled its road show for next week meant to attract potential investors and reported one source says the securities and exchange commission may ask more questions about a controversial memo the groupon ceo sent to employees that may violate fcc quiet period rules and contains financial information that is not in the original filing. let's check the closing bell. the dow s and p and nasdaq closed lower today, concerns over the debt crisis creeps back into the limelight. your index was unchanged. and elsewhere, apple says it's opening a store in hong kong this month and it tries to capture the surge in demand from china and neighboring countries. this will be apple's fifth store in the region and no opening date has been specified z lastly an overhaul is coming to the world's largest retailer. sources say amazon.com is testing a major redesign of the web

the stock. meanwhile, groupon is reportedly putting its i.p.o. on hold. the "wall street journal" reports the daily deals website company blames the move on market volatility. groupon has also received questions from the securities and exchange commission about an internal memo that lashed out at critics for questioning its growth and track record. and tom, it looks like investors have cooled off on another recent i.p.o.-- dunkin donuts. goldman sachs told clients today to sell shares in dunkin brands, the very company that goldman brought public as a lead underwriter just a few weeks ago. >> tom: we have yet to see a positive session in the month of september for the major stock indices. here's today's trading for the dow. the lowest level was hit just before 11 a.m. eastern time. by the close, the index had dug itself partially out of that hole, ending with a loss of about 100 points. banking stocks again saw the brunt of the selling. bank of america and j.p. morgan each fell more than 3%. citi dropped 2.5%. today was the first trading day after the fede

on the other hand, groupon's situation is no gain. it's not profitable and now says they will reevaluate the planned ipo. >> groupon has an issue. the retailers are complaining they're not making money. you see a lot of uncertainty about the financial information that goes around. >> rob tracks tech companies. he says while groupon is risky, zynga would make a better investment. >> if there is an exception, this would be the kind of company that can be the exception. they have a lot of good followers. people are excited about the property. they're able to demonstrate success after success after success. >> that is real adventure. >> reporter: with markets and investors skiddish, maybe a little gaming can bring back their appetite for adventure. >> this looks like a sustainable model. they are profitable already. it's much more linear. much less risk. folks don't like a lot of risk now. >> a lot going on today in the tech world. >>> we have an update on a story we've been following in south bay. a duck shot in the head with a blow dart

the beverage industry rejected recommendation autos and living social is following in the footsteps of groupon. what is on the ceo's mind before he got the boot at hp? today's after the bell report. hi emily. >> a big day in tech and markets. earlier in the newscast you had a piece on meg whitman. bloomberg we've been talking to people all day long in anticipation of the announcement. as far as reception she's getting here is what the managing director told us. >> she has experience running large companies more on the consumer side. so i think it's going to be seen by people as surprising. >> and on the other side of the story source told bloomberg news former hpceo had no idea that his role was being questioned until the news broke apparently preparing to discuss strategy. we now know he instead got fired. and the other business news of the day is the markets. what a selloff today. u.s. stocks tumbling and dow plummeted and nasdaq had significant losses as well. your bloomberg silicon valley index drop dropping close to 3%. it's no surprise companies are pulling back on their ipo plans and as

making news again. >> the controversy swirling around groupon's ipo continues today sh now take three for the retailer. a new amendment to their filing shows lower revenues than reported raising more questions about their accounting practices. a professor told us that the latest filing points the company in the right direction but that is certain practices are questionable. bloomberg news learned it's looking less likely groupon will go public before the end of the year. fcc could order a cooling off, forcing the company to wait a bit longer, we'll keep you updated as news unfolds. now, let's take a look at the closing bell today. there is a green arrow as cross the word. -- board. your bloomberg index closed higher today with help from shares of oracle. lots of questions are being raised about ipad production at apple. this, after an analyst said several vendors are seeing a 25% cut in 4th quarter ipad orders. after that, another analyst said apple moved 4th quarter production into the 3rd quarter to ensure there are enough ipads available, then just about an hour ago another jp morg

and many others growing fortunes catapulted them including a leap in, as in the and groupon. the chrysalis visitor kron4 facebook fan page. >> the transfer upon the dodgers as they try to keep their playoff hopes alive. with a little help the giants could close the gap in the wild-card race gary has that story in all sports next. >> coming up how to keep one particular item off the beach the wrong time to heavy spending time in the slammer in the next edition of people behaving badly. and a forward thinking spirit. at bank of america, we've been fueling economic growth here for over a century. today we're investing in innovations that will define our future. every day, we're working to help set opportunity in motion. from financing a solar project for the milpitas school district to funding the institute at golden gate. because when you're giving, lending, and investing in more communities across the country, more opportunities happen. now's a great time to get at&t u-verse tv. make the switch! [ female announcer ] call now to get at&t u-verse tv for six months. hd-ready dvr

gm sold the brand to a swedish company last year. >>> groupon may delay its plans to go public, according to the "wall street journal" the daily deals website is reconsidering its initial public offering of stock due to concerns about the stock market stability. earlier this summer groupon was hoping for an ipo valued near $30 billion. >>> one of the biggest hassles at the airport could end eventually. taking off your shoes at the security checkpoint, homeland security janet napolitano says it will happen as soon as we get devices that can scan your shoes while wearing them. right now a device does not exist. >>> now it's legal to walk around naked in san francisco, it is fran after all but the city's supervisor has introduced legislation to require nudists to cover public seating before they sit down and cover themselves before entering a restaurant. he calls it a cleanliness issue. terrell i know where you're taking your next vacation. >> the people who usually shouldn't be naked are the ones that always are. >> that's why the whole new restaurant rule. >> not hot at all. ashley morriso

the month. and actors suffering through a wave of pr, groupon says it was postponing ipo because of market volatility. one had to do with a memo that made it to the press, may have violated sec rules. in san francisco, i'm emily chang for bloomberg west. >> and i know you had an analyst talking about the plan. what is his take on this? >> and there is a lot of controversy. we had senior research analysts in new york on our show today. he said that based on reports he has seen, we have to assume groupon and sec have come to an agreement and that this will get its ipo out of the door. he says it's likely this will happen by the end of the year. and still could it have serious consequences? he says that he doesn't seem to be a significant problem. you'll appreciate this. we interviewed the new giants eco, talking about how giants are one of the high tech teams. all he would say is that he wants to spend more time with his kids and that is it that is the city. they're sticking to it. thank you. >> and there is a little more to it. you don't just decide i'm boing to retire. >> i need more time with kids.

the company has gone through three chief execs in just four years. grouponly going to delay its ipo because of the stock market volatility. groupon was looking at a $3 billion ipo earlier this summer. that would have placed the valuation at about $30 billion on the daily deal site. now they are looking at about a $15 billion valuation on groupon just facing too many head winds out there in the economy and the stock market. market coming back, had a couple of rough sessions, up 147 points on the dow. nasdaq up 40. s&p up b 17 this morning. yahoo stocks are up a little more than 6%. >> apparently the investors are applauding the outster of carol bartz. >> reporter: they gave her a little time and didn't see any improvement from yahoo and they decided that that was enough. they are looking forward to seeing what happens next in the company whether or not it can stay on its own on whether or not somebody will buy them. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> california is one step closer to banning a traditional chinese delicacy. yesterda

the company after working as the chief operating officer just five months, going back to google and taking on a new role as president of google's america group. and groupon says this will not have impact on operations and finally watch out, apple. amazon's upcoming tablet may give the ipod a run for its money, poised to become the biggest threat to the ipad. latest kindel expect to have had improved interface and double as a tablet computer, and amazon has tie that's will help whit comes to stocking the kindel with songs, books and videos. we'll be keeping a lookout for that. at bloomberg studios, i'm emily chang with blookberg west. >> this first day of fall, still beautiful out there. >> absolutely. >> this seems like we waited for summer heat to arrive. and take a look at temperature readings, 100 degrees in livermore. mid to upper 90s inland. around the bay and there is highlights, partly cloudy skies tonight with patchy fog. and there is a slight chance of rain sunday. and low temperatures tonight into low to upper 50s to mid-60s, and take a look at this satellite image. low to our south tied to the north with this clockwise circulation, these are w

idea is that he is using the fire to subsidize the rest of the products like music, books and movies. and groupon trying to keep the fire going and has announced it's rewards program aimed at getting repeat merchants and visitors this, is how it works. consumers spent a certain amount paid for by the merchant and then, they'll get an even deeper ks count. this after showing groupon had fewer unique visitors last month compared to mid peak in june. one of the causes could be an oversaturation of the daily deals market. taking a look at another market. waits more than just a bad day for stocks today. market tanks after a huge three-day rally. your bloomberg silicon valley index closed down by almost 1.5%. take a look at sales of reality, fell after showing say it will stop playing for glasses that movie goers use when watching the films. so easy with forcing theater operators to charge for glasses which could reduce attendance for the screenings. >> thank you. >> and nobody wants to wear goofy glasses. >> it would be better if you didn't have to. it was warm out there today. >> yes. sandhya patel i

. >>> groupon has a new feature. the online coupon company is about to launch a customer loyalty program where merchants can offer rewards to those who use their products. the move is seen as a new way for groupon to generate revenue as it moves toward its public stock offering. groupon admitting to making less money than earlier thought. it was reportedly offered as much as $6 billion to sell out to google but it declined that offer. >>> day two of the trial of dr. conrad murray, who faces a charge of involuntary manslaughter. a security guard testified he saw murray sweating and nervous, trying to revive jackson while inquiring if anyone knew cpr. jackson's personal assistant testified about getting a frantic voice mail call from murray minutes after the doctor realized jackson wasn't breathing. >> it was dr. murray. i can't quote it exactly but it was, call me right away, call me right away, thank you. to that effect. >> and were you asked to call 911? >> no, sir. >> a security guard testified that jackson's two older

the first presidential groupon, i guess. er with the president cheaper than a hot pocket? it shouldn't be. and who are the people who go, $5, too much. for three, i will do it. here's the ad they released today on the internet. and it is an interesting idea. i've never heard of a presidential raffle before. >> president barack obama wants you to be his guest for a special dinner with barack. sit down with our commander in chief and share your stories and ideas for our country. to register, donate as little as 3 gz to obama for america before september 30th. don't miss out on dinner with barack. >> prize not transferable. valid only in the 50 states. $3 winners to be seated in the coat closet with joe biden. >> jimmy: oh, that's fun. up get to see the president's coat. yeah, the president is -- he's doing whatever he can to appeal to voters right now. he held an event at the white house yesterday call ed -- is that good spanish, guillermo? >> excellent. >> jimmy: yeah. now you're laughing at me. what does that mean, by the way

. >> i am following what is buzzing on the internet. groupon is a site for daily deals and other shops but now a private chicago-based university will be the first offer 60% off of their tuition. the courses are usually priced at about $2,000 will be / to 600. if you like for more information i will have a wink on my facebook fan page. kron 4 morning news will be right back. >> 8:00 a.m., we want to start this hour on wall street. we our keeping our eyes on the doubt. positive numbers on wall street up 149. because of a move in europe. it looks like a bailout is on the way. we also have some management changes and yah hoo. jobs and the economy are likely the focus of today's republican presidential debate. rick perry and mr. romney are leading the polls heading into the debate. it is being held at the ronald reagan presidential library. this will be the first time perry will debate on the national stage. >> tomorrow the president is speaking before congress, unveiling his jobs plan. he is expected to propose permanent billion and tax cuts in fe

at a twenty thirty billion dollars valuation there's one school of thought that is looking at groupon end the words ponzi scheme have been mentioned yet is this a fair or unfair the most interesting argument. is that you know the original investors of say a lot of money out of a company already they've already made tons of it and so the company has never been profitable and yet you have early players including the c.e.o. who've already cashed not totally cashed out or anything but have you know taken a lot of cash out and there's so now they're still cash hungry but it's not a ponzi scheme in les there is no business there and there is a business there and they're making more and more money from their existing customers have excellent customer loyalty growth are still crazy businesses generally still like it though there are issues and lots of competition so it's not a ponzi scheme because there's a real business and i think the what people are pointing to when they mention ponzi scheme is the fact that they lack of really they repeat customers in other words they make a big splash think it's

the daily deals. researchers from boston university looked at 16,000 groupon and living social deals in 20 different cities and found in months after the deal, merchant's yelp ratings suffer. they dropped average rating scores from reviewer who's mentioned daily deals are 10% lower than scores of peers. and yelp pulled back n a daily deal visit saying offering deep discounts is uneconomic former chants but the real test for companies will be whether they can keep attracting merchants and generating long-term rev nu. it's looking like sometimes they can harm a business's long-term reputation. >> and sometimes they get overwhelmed. >> i got that whole foods deal today. >> you can't beat that. >> you can't. lovely weather out there. >> you can't beat the weather, things are warm inland today there. is a cool down coming later in the week. this starts tomorrow there. is a live view now from our heavenly camera. looking at thunderstorm clouds you may recall there are some intense storms there yesterday z there is a look in just a moment. first a look at current temperatures here in the bay area, it's warming in

the stent procedure. they were twice as likely to suffer a stroke or die within 30 days. >>> finally tonight, this is not an ebay auction. you can't use a groupon. this is big time. the jewels belonging to the late elizabeth taylor will be auctioned off. >> the "today show" got the first peek. it includes a 33 karat diamond ring, a present from richard burton and a 16th century pear-shaped pearl that once belong to napoleon. they are taking the diamonds, rubies and emeralds on a world tour. money raised will benefit the elizabeth taylor aids foundation. >> we'll send the hat around the newsroom to buy for janelle. >> good to see it's going to a good cause. >> thas for watching us. we'll see you again at 6:00. ♪ it was the best day woohoo! yes! ♪ it was the best day ♪ it was the best day ♪ it was the best day ♪ause of you [echoing] we make a great pair. huh?

the minds of customers. >>> daily deal sites like living social and groupon can help you. h our website of the week, you can save money on your small business needs as well. bizdeals.com have deals from security camera systems to business listing subscriptions offered for a limited time. registering for the site is free. to learn more about today's show, click on our website. it's openforum.com/yourbusiness. you'll find all of today's segments with more information to help your business grow. don't forget to become a fan of the show on facebook. we look forward to your feedback. follow us on twitter at msnbc your biz. next week, retro clothing with a legendary sex symbol. >> we did some research and '50s inspired fashions an several names came up. one of course was marilyn monroe. another was betty page. she was known as the dark girl. she was scandalous. she was edgy. >> how the unusual legacy of iconic '50s pin-up betty page helped them gain visibility beyond their wildest dreams. until then, i'm j.j. ramburg. remember, we make your business our business. shazi: seven yea

. >>> higher education just got cheaper am how one school is using groupon to cut the price of tuition. >> ready, set, let's flex. the top prize in a big muscle beach championship. coming up next. ,,,, -dad, why are you getting that? -that's my cereal. is there a prize in there? oh, there's a prize, all right. is it a robot? no. is it a jet plane? nope. is it a dinosaur? [ laughs ] [ male announcer ] inside every box of heart healthy cheerios are those great tasting little o's made from carefully selected oats that can help lower cholesterol. stickers? uh-uh. a superhero? ♪ kinda. [ male announcer ] and we think that's the best prize of all. ♪ navigating today's real estate market is complicated. you've seen the signs. that's why having the right real estate agent is more important than ever. at remax.com, you can find experts in short sales or bank-owned properties or commercial real estate, agents who can help speed up the process, no matter how intricate. and that's good news, whether you're trying to sell or hoping to buy. because the only sign you really want to see is "sold." nob

the company says that workers have asked for opportunities for overtime. grouponher way for bargain hunters to save money. they are preparing to raise money from wary investors. the additional savings will be offered three customer loyalty program that groupon is going to unveil today. merchants who joined the service said a spending target for customers to reach before they qualify for an even steeper discount. >> traffic is a little better in the bay area, that is the sign of a bad economy. according to the urban mobility report, the san francisco metropolitan area is now the seventh most congested in the u.s.. many people say that unemployment is at the reason because of your people are driving to work. washington d.c. has the worst traffic in the nation. we will be back with more in just a couple of minutes. we want to take a live look outside at the san mateo bridge. we are all excited to talk baseball with gary radnich japan who is livid over how they look in the money ball. we will be right back. >> the great gary radnich. good morning. >> good morning. i >

. >>> and delaying the launch of its stock of groupon. hed revenue outlook for 2010 by more than half. >>> netflix appears to have scored a win after expensive blunders. the "new york times" reports netflix signed a deal with dreamworks to stream the studio's films starting in 2013. >>> "american morning" will be back right after the break. ♪ ♪ ♪ when the things that you need ♪ ♪ come at just the right speed, that's logistics. ♪ ♪ medicine that can't wait legal briefs there by eight, ♪ ♪ that's logistics. ♪ ♪ freight for you, box for me box that keeps you healthy, ♪ ♪ that's logistics. ♪ ♪ saving time, cutting stress, when you use ups ♪ ♪ that's logistics. ♪ when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investment objectives, risks, charges, expenses and other information. read and consider it carefully before investing. [ cellphone rings ] cut! [ monica ] i have a small part in a big movie. i thought we'd be on locatio

looking for 15,000 employees there are opportunities for overtime the workers have asked for opportunities to make overtime also grouponhas come up with another way to save money with the additional savings will be the rule i customer loyalty program merchant to join the service moi will set up limit set for deeper discounts >> a look from the east bay at walnut creek traffic is light nice morning . >> in a of a typical separate cisco style people or are oblivious >> the city of san francisco and construction isn't goldblum workers are to wear reflective gear and hard hats it is also a short cut many wells goal under the tape but to make their shortcut hardware this is the traffic supervisor. he has to stop drivers from parking in the construction of a sound whezone. she is the g garage and open >> these grant through the construction, whi one >> effuse the caution tape bonds hardhats go our world where in san francisco stanley roberts kron 4 news >> if you know of anyone behaving badly please contact stanley when at kron 4 dot com and all little supports when >> the giants are trying to end when he tripped rounding oc

deal site called off the road show and reconsidering and to go through the initial public offering on a week by week basis. groupon scott-- filed before the market tanked. now the justice department jumped in trying to prevent at&t from purchasing t mobile. and then the deal to jump in san the takeover will violate antitrust laws and lessen competition. more than four months after hackers brought down the sony play station network access to personal information of more than 100 million users cassone has hired a veteran of the u.s. department of common security as the security chief, phillip as you see on the screen will oversee information security, privacy and nsa across the company sony has fallen, and stock since the pact. we'll be back after this break. @ >> pre to stillman says then he will retire from his talk show on november 18th he made that announcement on today, he announced in january he was planning to leave the show but he did not give a date. the show will continue with kenny ripple who now have to find a new coach. and katie couric will appear tonight on abc nightline herbert-- her first interview

groupon? legal issues there? >> today we heard about a new lawsuit. there is a class action suit from its own employee. saying hundreds of sales people are looking to recoup overtime the company allegedly failed to pay and demanding three years of back wages and punitive damages. groupon did not immediately response to requests for comments but between this and ipo delay seems bad news is piling on for groupon. >> all right. thank you very much and have a good weekend. >> lovely weather this friday. and there is hopefully extending into the weekend. >> there is a low that is destabilizing the atmosphere, into the weekend things start to heat up into higher elevations we can see lightning strikes and widely scattered thunderstorms. and this is widely scattered. there is fog near the coast and they're not pushing across the bay yet. there is a live view looking over san francisco. and we've got clear views now and fog has begun a naush will probably happen later. there is a look at fog at the coast. heat inland, thunderstorms scattered this afternoon z some storms could work towards the bay area. now looking at inland heat, 90 degrees in concord. 96 livermore z 93 fairf

the savings. out there with a better way. now, that's progressive. >>> those grouponns you get a great for consumers. are they bad for small business? why some

this thursday morning this is look of the san mateo bridge and you conceive traffic is moving well we are looking at a cool down for later on today >> >> >> groupon ripon we saw two percent inflation in the last month, ended at the end of august and would dow futures were up 60 and then we heard the report of a weekly unemployment pulling back from some of those games in which at the opening bell ... >> united autoworkers union extended its contract with the general motors and chrysler they needed to reject a deadline when for a new agreement which was in the new coned tract is finally reaching the membership will vote on the contract >> an increase on social security taxes it would only apply to people that are earning over $200,000 a year the plan is designed to keep social security solvent and for the next few years. 15 renewable energy companies from may move with and at the end of month and one this is all after excellent drama and fremont and with and it went a left the government with a $530 million tab with >> this is a look at the james lick freeway we have the fog but traffic is moving smoothly. so...what do you think? i'm not crazy abo

the note at the bottom says let's talk iphone, which implies the next generation phone will be revealed. >>> and grouponup with another way tore bargain hunters to save money. today it will unveil it's customer rewards program. they will set a spending target for customers to hit, and once they reach that number, customers will qualify for a steeper discount on products and services. >>> coming up, will oakland change the rules for punishing the owner offers rundown properties. >> the bay area bracing for the arrival of a different kind of traveling circus. >>> why the south bay is getting a one, two punch, and promoters hope it will be a knockout. >>> welcome back to the morning news. time now is 5:55. oakland plans to stop its controversial practice of placing liens on property us they consider an eyesore. this came after the city was criticized by a civil grand jury for its code enforcement practices. oakland's fees will now be evaluated and compared to other cities. >>> well, a baby who fell from a third story window of his marin city home suffered no major injuries. it happened last night at a home

the nasdaq rise for a third day. stock buyback programs were big as well. dell shares rose 3% and staples got a boost as well. in ipo news, groupon is back on track with initial offering plans and could go public as early as late october. meanwhile, facebook's public debut has been reportedly pushed back to late 2012. the securities and exchange commission is under review over allegations documents from early investigations into several major banks and convicted ponzi schemer bernard madoff were illegally destroyed. s.e.c. officials say the former policy that allowed staffers to discard documents has since been revised. >>> finally, say good-bye to brownies baked under a bulb. energy efficiency has sparked a modern makeover for the easy-bake oven. the old school 100-watt incondescent bulb has been replaced with a heating element like you'll find in a grown-up stove. >>> mariano rivera's pursuit of the major league saves record is put on hold. apparently it wasn't time to forgive and forget at last night's dodgers/diamondbacks game. your early morning sports headlines are straight ahead. >>> and our well-advertised taste of fall i

the nasdaq rise for a third day. stock buyback programs were big as well. dell shares rose 3% and staples got a boost as well. in ipo news, groupons back on track with its initial public offering plans and could go public as early as late october. facebook's public debut has reportedly been pushed back to late 2012. the securities and exchange commission is under review over allegations documents from early investigations into several major banks and convicted ponzi schemer bernard madoff were illegally destroyed. s.e.c. officials say the former policy that allowed staffers to discard documents in closed cases has since been revised. >>> finally, say good-bye to brownies baked under a bulb. energy efficiency has sparked a modern makeover for the easy-bake oven. the old school 100 watt incandescent bulb has been replaced with a heating element like you'll find in a grown-up oven. >>> mariano rivera's pursuit of the major league saves record is put on hold. apparently it wasn't time to forgive and forget at last night's dodgers/diamondbacks game. your "first look" at sports is straight ahead. [ female announcer ] investing for your

the news. netflix shares are up 4%. >>> and also, one final note. daily deal site grouponch is anticipated to have an ipo, planning on it anticipated it could be worth around $20 billion for the company. looks like it's delayed further because of recent stock market volatility. and federal regulators are using a fine-tooth comb to go through the company's paperwork to be sure everything is on the up and up, grace. >> volatility is like the word of the year. >> reporter: it is. really there is no sign that we'll see any end to it. the european debt crisis goes beyond greece. we have our own u.s. issues and debt ceiling so stock market will be nervous for some time to come. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> a bake sale stirs up a racial debate at cal. the bake sale plan by a republican student group intended to be a protest against affirmative action. so they had pastries in five different pricing levels depending on your race. also students say that bake sale demeans under represented communities. student senators have voted unanimously against