Economy & Business

All Tech Considered
3:45 pm
Thu November 7, 2013

On Twitter's IPO Day, A Look At How 5 Tech Stocks Have Fared

Rick Wilking Reuters/Landov

Originally published on Thu November 7, 2013 5:09 pm

As eyes turned to the markets on Twitter's first day of trading, NPR wondered how some other tech stocks have performed since their IPOs. (Twitter closed at $44.90 Thursday, about 73 percent above its IPO price of $26 a share.)

Some of these stocks have soared. Others have stumbled.

All Tech Considered
3:32 pm
Thu November 7, 2013

Nick Bilton On Twitter's Creation Myth & 'Forgotten Founder'

A worker unveils a floor mat bearing the logo of Twitter on the floor of the New York Stock Exchange.
Andrew Burton Getty Images

Originally published on Fri November 8, 2013 9:21 am

On arguably the biggest day in Twitter's history, we wanted to look back to find out just how it all started, because like many Silicon Valley companies, its origin story is fraught.

That's the subject of Nick Bilton's new book, Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal. On Thursday, he chatted with All Things Considered host Audie Cornish about the 140-character service's complicated history, how Twitter made his book reporting easier and the forgotten founder of Thursday's stock darling.

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Economy & Business
12:47 pm
Thu November 7, 2013

5 Tips for Updating Your Resume

Looking for a job? Better brush up on that resume.
Credit photologue_np/Flickr

Lake Effect's Stephanie Lecci interviews certified resume writer Brenda Bernstein.

September's the time to brush up your resume, says Career Directors International. The organization has declared it the official "Update Your Resume" month.

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Economy & Business
12:22 pm
Thu November 7, 2013

Awaiting Casino Decision, Menominee Tribe Faces High Poverty

The Menominee Tribe awaits Governor Walker's decision on whether to approve a casino to be located in Kenosha.
Credit Menominee Indian Tribe of Wisconsin

 

Lake Effect's Mitch Teich talks with Dave Schuyler of the Business Journal of Milwaukee.

Governor Scott Walker is still weighing whether to approve a major casino project in the Kenosha area.

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The Two-Way
11:45 am
Thu November 7, 2013

Super Mario Cut Interest Rates Today And That's Huge News

Mario Draghi, president of the European Central Bank. Some say he's super.
Daniel Reinhardt DPA/LANDOV

Originally published on Thu November 7, 2013 12:04 pm

Twitter's IPO is Thursday's sexy business story.

But the really big business news is that "the European Central Bank startled investors Thursday with a surprise cut in its benchmark interest rate." As The Associated Press adds, "The bank lowered the benchmark refinancing rate to a record low 0.25 percent from 0.5 percent."

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The Two-Way
9:46 am
Thu November 7, 2013

Lululemon Founder: Our Pants Won't Work For Some Women

Some of the clothes at a Lululemon store in Pasadena, Calif., earlier this year.
Kevork Djansezian Getty Images

Originally published on Thu November 7, 2013 10:04 am

Eight months after the company he founded had a big public relations problem because too much of some women's backsides could be seen through its yoga pants, Lululemon founder Chip Wilson has put the story back in the news.

"Quite frankly, some women's bodies just actually don't work" in Lululemon's pants, Wilson said this week on Bloomberg Television's Street Smart.

"It's about the rubbing through the thighs," he added, and "how much pressure is there."

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Business
9:10 am
Thu November 7, 2013

Twitter Makes Market Debut

The New York Stock Exchange is at the center of attention Thursday morning as Twitter goes public at $26 per share. That means company is expected to raise almost $2 billion. For the latest on this highly anticipated IPO, NPR's Zoe Chace talks with host David Greene.

The Two-Way
7:27 am
Thu November 7, 2013

At First Glance, Economy Grew More Than Expected In 3Q

Looking for work: The scene at a job fair in Emeryville, Calif., last month.
Justin Sullivan Getty Images

Originally published on Thu November 7, 2013 9:37 am

This post was updated at 8:40 a.m. ET

The U.S. economy grew at a better-than-expected 2.8 percent annual rate in the third quarter, the Bureau of Economic Analysis reported Thursday morning.

That's a bit faster than the 2.5 percent pace of the second quarter. According to the BEA, consumer spending, inventory investment and exports helped fuel slightly stronger growth.

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The Two-Way
5:56 am
Thu November 7, 2013

Twitter Pops To $44.90 A Share In Debut On Wall Street

Will it fly? The Twitter bird logo was decorating a post on the floor of the New York Stock Exchange Wednesday.
Richard Drew AP

Originally published on Thu November 7, 2013 5:43 pm

6 p.m. ET: Twitter Shares Close At $44.90

At the end of its first day of public trading, shares of Twitter were valued at $44.90, reflecting a market value of more than $31 billion. The company sold 70 million shares of stock, raising $1.82 billion in the process.

Earlier Thursday, the company's shares soared from their initial public offering price of $26.

2:35 p.m. ET:

As you can see if you click on the player below, Twitter's stock has been trading around $47 a share in recent minutes.

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Business
3:54 am
Thu November 7, 2013

Twitter Sets IPO Price

Originally published on Thu November 7, 2013 4:57 am

Twitter goes public at $26 per share on Thursday. That's up from an earlier planned offering in the $17 to $20 range — and it may signal increased demand from institutional investors like hedge funds. Twitter is valued at just over $18 billion even though it has never turned a profit.

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