The Ticker

Group: Apps not good for teaching babies

Smartphones don't make smart babies, an advocacy group declared yesterday in a complaint to the government about mobile apps that claim to help babies learn.

The Boston-based Campaign for a Commercial-Free Childhood, whose allegations against "Baby Einstein" videos eventually led to nationwide consumer refunds, is urging federal regulators to examine the marketing practices of Fisher-Price's "Laugh & Learn" mobile apps and Open Solutions' games, such as "Baby Hear and Read" and "Baby's First Puzzle."

Eric Lefkofsky is new Groupon CEO

Groupon named co-founder Eric Lefkofsky as CEO yesterday, replacing Andrew Mason, who was fired from the online deals site in February amid growing concerns about its financial performance.

Groupon also reported strong second-quarter results yesterday, sending shares sharply higher in after-hours trading.

US consumer borrowing up in June

Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, as many remain wary of taking on high-interest debt.

Consumers increased their borrowing $13.8 billion in June from May to a seasonally adjusted $2.85 trillion, the Federal Reserve said yesterday in its monthly report on consumer credit. That's the highest level ever.

The category that includes credit card debt dropped $2.7 billion in June and remains 16.5 percent below its July 2008 peak.

TODAY

 Labor Department releases weekly jobless claims.

 Freddie Mac releases weekly mortgage rates.

 Selected chain retailers release July sales.

 Presidents of Renfe, Spain's train operator, and Adif, Spain's rail infrastructure, to appear before Parliament to give their opinion and answer questions from deputies on the train accident that killed 79 people in northwestern Spain on July 24.

TOMORROW

 Commerce Department releases wholesale trade inventories for June, 10 a.m.

 The law firm of Nutter McClennen & Fish LLP announced John G. Loughnane, left, has joined the firm as partner in its business department, where he will focus on general corporate, business restructuring and technology licensing matters.

 Cooley LLP announced that it has added Joseph Teja Jr. as a partner. Teja joins Cooley from Foley & Lardner, where he was a partner in that firm's electronics and green energy technologies practices and a member of its emerging technologies industry team.

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