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Best of the Blogs: Care for Some Google Offers to Go With Your Google Map?


Minyanville's daily roundup of some of the best financial commentary from around the Web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
All Things D
Link: Google Offers Start Appearing on Maps, Coming to More Properties Soon

"Google (GOOG) has started to integrate Groupon (GRPN) like offers into Google Maps, and it's not stopping there. Eric Rosenblum, Google's director of product management for Google Offers, said consumers will start seeing offers for restaurants, spas and other services on a variety of Google properties soon. 'Any Google properties that have a strong location, social or commerce component are strong candidates,' he said."

New York Times: Deal Book
"United States and British regulators have been in discussions with JPMorgan Chase (JPM) for almost a month about the trading group that on Thursday disclosed more than $2 billion in losses, according to people with direct knowledge of the matter. The bank first informed the Federal Reserve and the Financial Services Authority of Britain about the trading activities when media reports surfaced in April about a London-based trader with outsize positions, who was dubbed the 'London Whale' and 'Voldemort.'"

Reuters: Felix Salmon
Link: Counterparties: Europe's Other Crisis – the Private Sector

"By now, most of us are familiar with a sovereign debt crisis – Greece being the prime example of a highly indebted country unable to pay its bills. But the European crisis is being fought on several fronts at once. Today, S&P (SPY) warned of a 'perfect storm' of maturing debt for European companies – there's some $46 trillion in debt coming due in the next five years. While this amount is global, S&P says poses a big problem for the Europe's non-financial companies in particular. As the NYT reports this morning in a look at construction titan A.C.S. Grupo, Spain's private sector may already be struggling with this type of problem. 'The problem in Spain is not government debt, it's private sector debt,' Jonathan Tepper of Variant Perception told the NYT." (For related content, see The European Sky Is Falling and It's Not Even Friday.)

Market Watch
Link: Starbucks Chief Makes Pitch for Political Activism
"Starbucks (SBUX) CEO Howard Schultz on Thursday told an audience of mutual fund executives not to simply focus on the bottom line but also engage in the U.S. political system, which he said is on the wrong track. Schultz famously has decided not to spend any more on candidates until a comprehensive debt deal is reached." (For related content, see Highly Evolved: Public Companies That Were Already Supporting Gay Rights.)

Yahoo! Finance: Breakout
Gold Hits 2012 Low as Gold Miners Show Signs of Reversal
"For those unfamiliar with the colorful lexicon of Wall Street, the term 'never catch a falling knife' refers to the danger of buying stocks or commodities that are falling sharply in value. Also referred to as trying to call a bottom, attempts to take a position at the precise turning point of an asset's price trend tends to end very poorly. Which brings us to Michael Purves, chief global strategist at Weeden & Co., and his suggestion to consider taking bullish positions in not only gold, but the disastrous-looking Gold Miners (GDX)." (Also read Gold Q1 Results: Kinross Earnings Miss Estimates.)

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No positions in stocks mentioned.
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