Lohan charged with NYC assault and Calif. crash

NEW YORK (AP) — Actress Lindsay Lohan was arrested Thursday in New York City after police said she hit a woman during an argument, then hours later was charged in California with lying to police and reckless driving for a June crash in which her Porsche slammed into a dump truck.

The "Mean Girls" and "Freaky Friday" star was arrested at 4 a.m. and charged with third-degree assault.

She left a police precinct nearly four hours later with a black jacket pulled over her head. Lohan was wearing leggings, a green mini dress and high-heels. She drove off in a black SUV with a driver, a woman and another man who was seen going in and out of the precinct.

Lohan, 26, allegedly got into the spat with another woman at Club Avenue, in Manhattan's Chelsea section. She struck the woman in the face with her hand, police said. The woman did not require medical attention.

Lohan's attorney, Shawn Holley, did not immediately return messages seeking comment.

The charges come just after Lohan's portrayal of Elizabeth Taylor in the Lifetime movie "Liz & Dick" premiered to harsh reviews from critics and the public.

After the June crash, the actress told police her assistant was driving, but detectives determined Lohan was behind the wheel, police said. Prosecutors charged her with three misdemeanors: providing false information to police, reckless driving and willfully obstructing a police officer from their duties. No date for Lohan's arraignment was announced, but the charges are likely to trigger a probation violation for a 2011 necklace theft case.

Lohan's newest arrest is her latest brush with law enforcement in New York City.

She was involved in a New York Police Department investigation in September after alleging a man had assaulted her in a New York hotel, but charges against the man were later dropped.

Also in September, the actress was accused of clipping a man with her car outside another Manhattan nightclub, but prosecutors chose not to move ahead with charges.

In October, police were called to her childhood home on Long Island after a report of a fight between her and her mother. An investigation revealed "no criminality."

The Los Angeles case comes nearly six months after the actress crashed while on her way to a movie set. She was taken to the hospital but returned to the set of the film "Liz and Dick" hours later.

Lohan has become more of a tabloid and courthouse mainstay in recent years than an actress, and her crash while on the way to the set of "Liz and Dick" demonstrated the risk of casting her in films. A week after the accident, paramedics were summoned to Lohan's hotel room in an episode her publicist attributed to exhaustion and dehydration, and shooting on the film was again briefly delayed.

In May, she was cleared of allegations that she struck a Hollywood nightclub manager with her car.

She recently filmed "The Canyons," an indie film written by "Less Than Zero" and "American Psycho" author Bret Easton Ellis.

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Griffin buyer of Chicago's priciest condo









Billionaire Kenneth Griffin, who is the founder and chief executive of Chicago-based hedge fund Citadel, was the buyer of that $15 million penthouse condominium unit in the Park Tower, which sold two weeks ago in what appears to be Chicago's priciest condo sale ever.

Newly public records show that Griffin, 44, bought the 7,900-square-foot unit, which had been owned by hedge fund manager Richard Cooper's Cooperfund.






Griffin was a logical buyer for Cooper's unit, given that he has owned a penthouse on the 67th floor of the Park Tower since buying it in 2000 for $6.9 million. The new unit is on the 66th floor.

 The unit never actually was publicly listed.  Instead, it was listed privately and only was placed into the real estate MLS at the exact time that the deal was struck.

Chezi Rafaeli of Coldwell Banker represented both Griffin and Cooper.  He has declined to comment on any aspect of the transaction.

Features in the three-bedroom unit that Griffin just purchased include four full baths, five half baths, 16-foot ceilings, a private terrace space measuring 44 feet by 15 feet, and three garage spaces in the building.  Cooper bought the unit as raw space in 2000 for $3.316 million.

 Griffin's new acquisition is the most expensive condo in Chicago history, easily surpassing the previous recordholder -- actor Vince Vaughn's $12 million purchase in 2006 of a triplex penthouse in the Palmolive building, which he now has available for $16.75 million.

The most expensive condo ever listed in Chicago is the current, $32 million listing for the penthouse unit in the Trump International Hotel and Tower.

Chicago's other highest-priced condo sales are financier James S. Crown's $10.1 million purchase in 2002 of a duplex in an eight-story luxury Gold Coast condo building, chewing-gum heir Bill Wrigley's $9.125 million purchase that same year of a full floor atop that same building, Tampa Bay Buccaneers co-chairman Bryan Glazer's $8.606 million purchase in 2010 of a 53rd-floor condo unit at the Elysian Private Residences Tower, options trader Igor Chernomzav's $8.18 million purchase in 2010 of a full-floor, 6,432-square-foot unit in the Elysian and commodities trader Jeff Silverman's $7.2 million purchase last year of a top-floor condo unit in a Gold Coast tower.



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Convicted former Rep. Mel Reynolds wants Jackson seat









Disgraced former U.S. Rep. Mel Reynolds said he will ask voters to focus on his congressional experience rather than his state and federal criminal record as he announced his bid today for the seat held by Jesse Jackson Jr., who has resigned.


At a downtown hotel news conference, Reynolds acknowledged having made “mistakes” in the past. For his campaign, he will try to assume the mantle of an incumbent while also seeking redemption from voters. Red and white campaign signs urged voters to “re-elect” Reynolds “so he can finish the work” while another stark red sign with white letters said simply: “Redemption.”


Reynolds held the 2nd Congressional District seat from 1993 until October 1995, when a Cook County jury convicted him of several sex-related charges, including having sex with an underage volunteer campaign worker. While serving time in state prison, Reynolds also was convicted on federal financial and campaign fraud charges. President Bill Clinton commuted Reynolds' sentence to time served in 2001.








Under law, Reynolds, formerly a South Side resident who is now renting in Dolton, no longer has to register as a sex offender.


Reynolds sought to downplay his previous convictions, contending “it was almost 18, 20 years ago” and that his past crimes “shouldn’t be a life sentence.”


“The fact of the matter is, nobody’s perfect,” Reynolds said, adding that voters should “look at the entire history of me,” including what people do “after they make mistakes.” Reynolds, however, stopped short of acknowledging guilt for any of his crimes.


Though Reynolds sought to focus on his experience in Congress, where he served on the powerful House Ways and Means Committee, his entry into the contest was yet another sorry reminder of the congressional representation that voters on the South Side and south suburbs have had with their last three representatives.


Reynolds replaced Gus Savage, a controversial and outspoken congressman who was condemned by the House Ethics Committee amid allegations of sexual misconduct involving a Peace Corps volunteer while he was on an official congressional visit to Zaire.


After Reynolds resigned, Jackson won a special election in 1995 to succeed him. But after 17 years, Jackson stepped down last week amid federal ethics investigations and a diagnosis of bipolar depression.


Unlike his failed 2004 primary bid against Jackson, in which Reynolds lost by an 89 percent to 6 percent margin, Reynolds was not joined this time in his announcement by his wife, Marisol. The two have had a history of marital problems. As he spoke about raising his children almost like a single parent, Reynolds said he was not divorced but wanted to leave questions about his wife out of the campaign.


Reynolds said he is self-employed as a financial consultant who acts as a broker between African investors and U.S. companies. But if there was a symbol that he misses Congress, despite his short tenure there, it was the shining black GMC SUV parked outside his news conference with retired congressional license plates that read “MR.”





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BlackBerry maker RIM loses patent dispute with Nokia

HELSINKI (Reuters) - BlackBerry maker Research In Motion Ltd (RIM) has lost a dispute over the use of Nokia Oyj patents, in a case which could halt the sale of RIM products if it does not reach a new royalties deal with the Finnish company.


The Swedish arbitrator ruled RIM was not entitled to make or sell mobile devices which can hook up to WiFi networks - using technology known in the trade as WLAN or wireless local access network systems - without first agreeing royalties with Nokia.


"RIM is liable to pay royalties and damages to Nokia for its ... sales of any subscriber terminals (handsets or tablets) ... compatible with the WLAN standard," the arbitrator said in the ruling, issued on November 6 but not publicized until Wednesday.


"RIM has not contested that it manufactures and sells products using WLAN in accordance with Nokia's WLAN patents," it added.


The decision is a boost for Nokia which is trying to increase its royalty income as its phone business slides, and the group said it had filed cases in the United States, Britain and Canada to enforce the arbitrator's ruling.


"This could have a significant financial impact to RIM, as all BlackBerry devices support WLAN," IDC analyst Francisco Jeronimo said.


A RIM spokesman declined comment.


A source close to RIM said the arbitration ruling was unlikely to have any immediate ramifications, as Nokia still has to fight a number of legal battles for the arbitration panel's ruling to be recognized in different countries.


But analysts said RIM would likely seek a royalty agreement with Nokia to avert any risk of sale bans.


"The arbitration decision is not appealable and the U.S. Court can be expected to enforce the judgment by issuing an injunction against RIM, which would effectively put RIM out of business," said Alexander Poltorak, chief executive of patent consultancy General Patent Corp.


"RIM has only one choice now - to license Nokia's patents," Poltorak said. "It should be a quick process. No substantive issue will be re-litigated. The U.S. court merely needs to enforce the verdict of the Swedish arbitration tribunal."


CONTRACT ROW


RIM, a smartphone pioneer, hopes new devices using BlackBerry 10 software, due early 2013, will rescue it from a prolonged slump in the face of competition from the likes of Apple Inc and Samsung Electronics Co Ltd.


"If a sales ban was imposed it would be a massive blow for RIM as it manages its transition to the new BlackBerry 10 software platform," said analyst Pete Cunningham at Canalys.


RIM promises its new devices will be faster than previous smartphones and will have a large catalogue of applications, which are crucial to the success of any new line of smartphones.


Shares in RIM were up 1.7 percent at $10.90 by 1146 ET on Nasdaq, while its Toronto-listed shares were up 11 Canadian cents at C$10.81.


Nokia said it signed a cross-license agreement with RIM covering cellular patents in 2003, a deal that was amended in 2008. RIM sought arbitration in March 2011 with the Stockholm Chamber of Commerce, arguing that license should be extended to cover WLAN patents.


Nokia, along with Ericsson and Qualcomm Inc, is among the leading patent holders in the wireless industry. Patent royalties generate annual revenue of about 500 million euros ($646 million) for Nokia.


Based on a Nortel patent sale and Google Inc's acquisition of Motorola Mobility, some analysts say Nokia's patent portfolio alone merits its current share price of around 2.50 euros.


However, the patent market has cooled since those deals were made and some industry experts say the "fair value" of patents in large portfolios is between $100,000 and $200,000, pricing Nokia's portfolio at up to 0.50 euros per share.


Nokia shares, which are heavily influenced by expectations of new smartphone model sales, were down 1 percent at 2.54 euros. The Wall Street Journal said the new Lumia 920 smartphone was worth considering but was heavy and thick.


($1=0.7733 euros)


(Additional reporting by Euan Rocha in Toronto; Editing by David Goodman and David Holmes)


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Bonds, Clemens, Sosa on Hall ballot for first time

NEW YORK (AP) — The most polarizing Hall of Fame debate since Pete Rose will now be decided by the baseball shrine's voters: Do Barry Bonds, Roger Clemens and Sammy Sosa belong in Cooperstown despite drug allegations that tainted their huge numbers?

In a monthlong election sure to become a referendum on the Steroids Era, the Hall ballot was released Wednesday, and Bonds, Clemens and Sosa are on it for the first time.

Bonds is the all-time home run champion with 762 and won a record seven MVP awards. Clemens took home a record seven Cy Young trophies and is ninth with 354 victories. Sosa ranks eighth on the homer chart with 609.

Yet for all their HRs, RBIs and Ws, the shadow of PEDs looms large.

"You could see for years that this particular ballot was going to be controversial and divisive to an unprecedented extent," Larry Stone of The Seattle Times wrote in an email. "My hope is that some clarity begins to emerge over the Hall of Fame status of those linked to performance-enhancing drugs. But I doubt it."

More than 600 longtime members of the Baseball Writers' Association of America will vote on the 37-player ballot. Candidates require 75 percent for induction, and the results will be announced Jan. 9.

Craig Biggio, Mike Piazza and Curt Schilling also are among the 24 first-time eligibles. Jack Morris, Jeff Bagwell and Tim Raines are the top holdover candidates.

If recent history is any indication, the odds are solidly stacked against Bonds, Clemens and Sosa. Mark McGwire and Rafael Palmeiro both posted Cooperstown-caliber stats, too, but drug clouds doomed them in Hall voting.

Some who favor Bonds and Clemens claim the bulk of their accomplishments came before baseball got wrapped up in drug scandals. They add that PED use was so prevalent in the 1980s, 1990s and early 2000s that it's unfair to exclude anyone because so many who-did-and-who-didn't questions remain.

Many fans on the other side say drug cheats — suspected or otherwise — should never be afforded the game's highest individual honor.

Either way, this election is baseball's newest hot button, generating the most fervent Hall arguments since Rose. The discussion about Rose was moot, however — the game's career hits leader agreed to a lifetime ban in 1989 after an investigation concluded he bet on games while managing the Cincinnati Reds, and that barred him from the BBWAA ballot.

The BBWAA election rules allow voters to pick up to 10 candidates. As for criteria, this is the only instruction: "Voting shall be based upon the player's record, playing ability, integrity, sportsmanship, character, and contributions to the team(s) on which the player played."

That leaves a lot of room for interpretation.

"Everyone has their own way of dealing with the issue, and in the absence of hard and fast rules, there will continue to be a wide diversity of opinions," Stone said.

Clemens was acquitted this summer in federal court on six counts that he lied and obstructed Congress when he denied using performance-enhancing drugs.

Bonds was found guilty in 2011 by a federal court jury on one count of obstruction of justice, ruling he gave an evasive answer in 2003 to a grand jury looking into the distribution of illegal steroids. Bonds is appealing the verdict.

McGwire is 10th on the career home run list with 583, but has never received even 24 percent in his six Hall tries. Big Mac has admitted to using steroids and human growth hormone.

Palmeiro is among only four players with 500 homers and 3,000 hits, yet has gotten a high of just 12.6 percent in his two years on the ballot. He drew a 10-day suspension in 2005 after a positive test for PEDs, and said the result was due to a vitamin vial given to him by teammate Miguel Tejada.

Biggio topped the 3,000-hit mark — which always has been considered an automatic credential for Cooperstown — and spent his entire career with the Houston Astros.

"Hopefully, the writers feel strongly that they liked what they saw, and we'll see what happens," Biggio said last week.

Schilling was 216-146 and won three World Series championships, including his "bloody sock" performance for the Boston Red Sox in 2004.

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Sculptor Gormley wants us to get inside his head












LONDON (Reuters) – Britain’s foremost living sculptor Antony Gormley wants us to get inside his head with his latest work “Model”, a 100-tonne steel maze of cubes and squares, dark corners and splashes of light on show at the White Cube gallery in London.


The giant grey-black work, based on a human form lying down, is entered via the right “foot”, and combines the fun of an adventure playground with the unnerving quality of a labyrinth often plunged into darkness.












For the first time, the Turner Prize-winning artist who has always been preoccupied with the human form allows us to get inside, and draws parallels between the body and the architectural spaces we inhabit.


“I think we dwell first in this borrowed bit of the material world that we call the body,” Gormley told Reuters, standing beside the imposing structure made up of interlocking blocks.


“It has its own life that is unknowable. But the second place we dwell is the body of architecture, the built environment,” he added.


“We’re the most extraordinary species that decided to structure our habitat according to very, very abstract principles of horizontal and vertical planes.”


Model has plenty of surprises. The more nimble visitor can crawl through its left “arm”, which is a passage around three feet high, or clamber on to a roof bathed in light.


“There are places that you wouldn’t necessarily know are there,” Gormley said. As if to prove his point, he disappeared into a large raised “aperture” invisible in the darkness.


Sound also plays a part, with the resonance of voices and rumble of footsteps giving clues to the size of each space.


PLAYGROUND


The artist said he encouraged people to explore the work rather than just look, unlike most sculptures which are strictly off-limits.


“Psychological architecture suddenly starts to reverberate with human life,” he explained, adding that the sense of unease when entering the dark spaces was part of its appeal.


“I think creepiness is good,” he said in the pitch-black “head”. “I think it’s necessary to get under people’s skin. You don’t want them to easily ingest or accept something.”


Several times he referred to the Seagram murals of American painter Mark Rothko, works that inspired him as an artist and which he had in mind while making Model.


“Their surfaces give you this idea of space, or an invitation, they seat you at a threshold and allow you to dream of what exists beyond that threshold,” he said.


“You could say this is the literal version of that.”


Gormley, born in 1950, won the Turner Prize in 1994 and is probably best known for his 20-metre high public “Angel of the North” sculpture located near Newcastle in northern England.


He would not say what price the White Cube gallery had put on Model, and the gallery itself could not immediately provide a figure when asked, but Gormley has become one of the most sought-after British artists at auction.


A life-size iron maquette for Angel of the North fetched 3.4 million pounds ($ 5.4 million) at an auction at Christie’s in October last year.


Early critical reaction to Model was mixed.


“We think of the pyramids, of tombs in lightless spaces,” wrote Michael Glover in the Independent. “We have entered this space hoping for a visceral response of some kind, but it never quite happens.”


Model is on display at White Cube, Bermondsey, until February 10, 2013.


(This story has fixed typos in paragraph six)


(Reporting by Mike Collett-White, editing by Paul Casciato)


Celebrity News Headlines – Yahoo! News


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Simple measures cut infections caught in hospitals

CHICAGO (AP) — Preventing surgery-linked infections is a major concern for hospitals and it turns out some simple measures can make a big difference.

A project at seven big hospitals reduced infections after colorectal surgeries by nearly one-third. It prevented an estimated 135 infections, saving almost $4 million, the Joint Commission hospital regulating group and the American College of Surgeons announced Wednesday. The two groups directed the 2 1/2-year project.

Solutions included having patients shower with special germ-fighting soap before surgery, and having surgery teams change gowns, gloves and instruments during operations to prevent spreading germs picked up during the procedures.

Some hospitals used special wound-protecting devices on surgery openings to keep intestine germs from reaching the skin.

The average rate of infections linked with colorectal operations at the seven hospitals dropped from about 16 percent of patients during a nine-month phase when hospitals started adopting changes to almost 11 percent once all the changes had been made.

Hospital stays for patients who got infections dropped from an average of 15 days to 13 days, which helped cut costs.

"The improvements translate into safer patient care," said Dr. Mark Chassin, president of the Joint Commission. "Now it's our job to spread these effective interventions to all hospitals."

Almost 2 million health care-related infections occur each year nationwide; more than 90,000 of these are fatal.

Besides wanting to keep patients healthy, hospitals have a monetary incentive to prevent these infections. Medicare cuts payments to hospitals that have lots of certain health care-related infections, and those cuts are expected to increase under the new health care law.

The project involved surgeries for cancer and other colorectal problems. Infections linked with colorectal surgery are particularly common because intestinal tract bacteria are so abundant.

To succeed at reducing infection rates requires hospitals to commit to changing habits, "to really look in the mirror and identify these things," said Dr. Clifford Ko of the American College of Surgeons.

The hospitals involved were Cedars-Sinai Medical Center in Los Angeles; Cleveland Clinic in Ohio; Mayo Clinic-Rochester Methodist Hospital in Rochester, Minn.; North Shore-Long Island Jewish Health System in Great Neck, NY; Northwestern Memorial Hospital in Chicago; OSF Saint Francis Medical Center in Peoria, Ill.; and Stanford Hospital & Clinics in Palo Alto, Calif.

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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Egypt court sentences 8 to death over prophet film

CAIRO (AP) — An Egyptian court convicted in absentia Wednesday seven Egyptian Coptic Christians and a Florida-based American pastor, sentencing them to death on charges linked to an anti-Islam film that had sparked riots in parts of the Muslim world.

The case was seen as largely symbolic because the defendants, most of whom live in the United States, are all outside Egypt and are thus unlikely to ever face the sentence. The charges were brought in September during a wave of public outrage in Egypt over the amateur film, which was produced by an Egyptian-American Copt.

The low-budget "Innocence of Muslims," parts of which were made available online, portrays the Prophet Muhammad as a fraud, womanizer and buffoon.

Egypt's official news agency said the court found the defendants guilty of harming national unity, insulting and publicly attacking Islam and spreading false information — charges that carry the death sentence.

Maximum sentences are common in cases tried in absentia in Egypt. Capital punishment decisions are reviewed by the country's chief religious authority, who must approve or reject the sentence. A final verdict is scheduled on Jan. 29.

The man behind the film, Mark Basseley Youssef, was among those convicted. He was sentenced in a California court earlier this month to one year in federal prison for probation violations in an unrelated matter. Youssef, 55, admitted that he had used several false names in violation of his probation order and obtained a driver's license under a false name. He was on probation for a bank fraud case.

Multiple calls to Youssef's attorney in Southern California, Steve Seiden, were not returned Wednesday.

Florida-based Terry Jones, another of those sentenced, is the pastor of Dove World Outreach, a church of less than 50 members in Gainesville, Fla., not far from the University of Florida. He has said he was contacted by the filmmaker to promote the film, as well as Morris Sadek, a conservative Coptic Christian in the U.S. who posted the video clips on his website.

In a telephone interview Wednesday, Jones said the ruling "shows the true face of Islam" — one that he views as intolerant of dissent and opposed to basic freedoms of speech and religion.

"We can speak out here in America," Jones said. "That freedom means that we criticize government leadership, religion even at times. Islam is not a religion that tolerates any type of criticism."

In a statement sent to The Associated Press Wednesday, Sadek, who fled Egypt 10 years ago and is now a Coptic activist living in Chantilly, Virginia., denied any role in the creation, production or financing of the film.

He said the verdict "shows the world that the Muslim Brotherhood regime wants to shut up all the Coptic activists, so no one can demand Copts' rights in Egypt."

Coptic Christians make up most of Egypt's Christian minority, around 10 percent of the country's 83 million. They complain of state discrimination. Violent clashes break out occasionally over land disputes, worshipping rights and love affairs between Muslims and Christians.

The connection to the film of the other five sentenced by the court was not immediately clear. They include two who work with Sadek at a radical Coptic group in the U.S. that has called for an independent Coptic state, a priest who hosts TV programs from the U.S. and a lawyer living in Canada who has previously sued the Egyptian state over riots in 2000 that left 21 Christians dead.

The other person is a woman who converted to Christianity and is a staunch critic of Islam.

The official news agency report said that during the trial, the court reviewed a video of some defendants calling for an independent Coptic state in Egypt, and another of Jones burning the Quran, Islam's holy book. The prosecutor asked for the maximum sentence, accusing those charged of seeking to divide Egypt and incite sedition. All the defendants, except Jones, hold Egyptian nationality, the agency added.

Some Christians and human rights groups worry that prosecutions for insulting religion, which existed to a degree under the secular-leaning regime of deposed President Hosni Mubarak, will increase with the ascent of Islamists to power in Egypt.

____

Curt Anderson contributed reporting from Miami, Florida; Matthew Barakat from McLean, Virginia, and Gillian Flaccus in Orange County, California.

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Groupon CEO Mason offers to step down









Groupon Inc Chief Executive Andrew Mason, under fire for a plunging share price and tapering growth, declared on Wednesday he would fire himself if he ever thought he was the wrong man for the job.

Mason, whose performance at the helm will come under scrutiny from his board of directors during a regular board meeting Thursday, said it would be "weird" if they did not. But he said he believed the board was comfortable with his strategy.

Shares in the company, once touted as innovating local business advertising t hrough the marketing of Internet discounts on everything from spa treatments to dining, surged 8 percent to $4.25 i n the afternoon.

"It would be more noteworthy if the board wasn't discussing whether I'm the right guy for the job," Mason said in an interview from a Business Insider conference in New York. "If I ever thought I wasn't the right guy for the job, I'd be the first person to fire myself."

"As the founder and creator of Groupon, as a large shareholder ... I care far more about the success of the business than I do about my role as CEO," he said.

Groupon has shed four-fifths of its value since its public trading debut as an investor favorite during last year's consumer dotcom IPO boom, and Mason himself has presided over a string of high-profile executive departures.

Wall Street has grown uneasy about the viability of its business as fever for daily deals has cooled among consumers and merchants, hurting its growth rate.

In the interview broadcast from the conference, the outspoken and sometimes-zany co-founder argued his company was going through a period of volatility but believed it was on the right path. Groupon's efforts to reduce its reliance on plain vanilla deals include bumping up its "Goods" retail business, increasing the selection of "persistent" or long-running deals, and allowing users to search for such deals on demand.

Shares in Groupon spiked after the interview and were up 8 p ercent at $4.2 6, still way below its $20 market debut price.

Groupon and rivals in the daily deals business, like Amazon.com-backed LivingSocial, were supposed to change the very nature of small-business advertising. Instead, they were forced to revamp their business models as evidence mounts that their strategy was flawed.

This month, Groupon reported another quarter of disappointing earnings, and its stock went as low as $2.60 on Nov. 12.

Europe has been a particular problem for Groupon, partly because the sovereign debt crisis has sapped demand for higher-priced deals. Groupon was also offering steeper discounts, turning off some European merchants.

International revenue, which includes Europe, grew just 3 percent to $277 million in the third quarter, while North American revenue surged 80 percent to $292 million.

Adding to its difficulties, the U.S. Securities and Exchange Commission is looking into Groupon's accounting and disclosures, areas that raised questions among some analysts during its IPO.

But Mason shrugged off speculation that the company might run into a cash crunch and go bankrupt. The company has said it had $1.2 billion in cash and equivalents with no long-term debt.

"There was a period when those stories started that I'd go to my CFO and say: 'How would that happen, walk me through what would be required for us to actually go bankrupt'," Mason said. "And it's like an end of days, apocalyptic scenario. The business would have to go into severe negative growth for something like this. The scenario is so absurd there's no evidence for it."



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Durbin urges progressives to deal on 'fiscal cliff'









WASHINGTON – A top Democrat pressured fellow progressives Tuesday to support – rather than fight – a far-reaching budget deal that includes cuts to entitlement programs to avert the coming fiscal cliff.


“We cant be so naive to believe that just taxing the rich will solve our problems,” said Sen. Richard Durbin of Illinois, the No. 2 Democrat in the Senate. “Put everything on the table. Repeat. Everything on the table.”


The assistant majority leader’s speech at the influential Center for American Progress comes at a pivotal moment in budget talks between the White House and Congress. Progressive and labor groups have warned President Obama against cuts to Medicare, Medicaid and other government programs and to instead focus on raising tax revenue in the administration’s negotiations with congressional Republicans .








The White House and Capitol Hill are working to prevent the combination of automatic tax hikes and deep spending cuts coming at year’s end – what economists have warned would be a $500-billion hit to the economy that could spark another recession.


QUIZ: How much do you know about the 'fiscal cliff'?


Durbin, a top progressive, has long angled for a broad deficit-reduction deal after having served on the White House’s nonpartisan fiscal commission that devised $4 trillion in new taxes and spending cuts to curb the nation’s debt load. Experts say such a large package is needed to stop record deficits and improve the nation’s fiscal outlook.


In remarks that strayed from his prepared comments, Durbin told the story of a labor leader who questioned his interest in serving on that 2010 panel, asking, “What is a nice progressive like you doing in a place like that?”


Durbin responded by saying it was better to have a seat at the table, a position he reiterated as he tries to prevent a schism among Democrats’ traditional allies while talks continue toward the year-end deadline.


“Progressives cannot afford to stand on the sidelines in this fiscal debate and deny the obvious,” Durbin said.


Already, a coalition of liberal groups is running ads warning Obama against striking a deal with Republicans that would slash at social safety net programs while allowing tax breaks for wealthier households to continue.


White House Press Secretary Jay Carney said Tuesday that negotiations over Social Security should occur separately from deficit negotiations.


"We should address the drivers of the deficit," he told reporters, "and Social Security is not currently a driver of the deficit."


[For the Record, 12:01 p.m. PST  Nov. 27: This post has been updated to include the latest reaction from the White House.]


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lisa.mascaro@latimes.com


Twitter: @LisaMascaroinDC





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