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The daily deals ecommerce operator Groupon will buy its rival LivingSocial for an undisclosed amount, the companies announced. Both are pioneers of their once-hot sector -- offering daily deals via email -- but have been struggling for several years. Once estimated to be worth some $6 billion, the Washington-based LivingSocial has in the past few years depreciated sharply in value.
FRANKFURT, Germany (AP) — Deutsche Bank, under pressure from an impending settlement with the U.S. Justice Department, reported 278 million euros ($303 million) in net profit for the third quarter as it strengthened its financial buffers against loss.