Economy & Business

Business
3:47 am
Fri November 8, 2013

Twitter's Value Soars To Nearly $25 Billion

Originally published on Fri November 8, 2013 9:17 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts with Twitter's IPO.

(SOUNDBITE OF MUSIC)

MONTAGNE: As we all know, Twitter began trading on the New York Stock Exchange yesterday and that little blue bird soared. By the closing bell, Twitter was worth nearly $25 billion.

DAVID GREENE, HOST:

But this initial public offering really began in the middle of the week with Twitter selling stock at $26 a share to big investors. It went public Thursday and the price almost doubled.

NPR's Steve Henn reports.

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Business
3:47 am
Fri November 8, 2013

Budget Office Examines Cost Of Partial Government Shutdown

Originally published on Fri November 8, 2013 9:17 am

Transcript

DAVID GREENE, HOST:

Twitter may be worth billions of dollars. Let's talk about another number $2 billion. That is how much federal employees were paid not to work during the government shutdown. This is just one of many eye-popping numbers in a new report on the shutdown from the White House Budget Office.

Here's NPR's Tamara Keith.

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Economy
3:47 am
Fri November 8, 2013

Unemployment Rate Rises To 7.3 Percent

Originally published on Fri November 8, 2013 9:17 am

Employers added 204,000 jobs to payrolls in October. The jobless rate edged up a bit, but that was likely a temporary phenomenon caused by the partial shutdown of the federal government. For more, Renee Montagne talks with NPR's John Ydstie.

Planet Money
4:50 pm
Thu November 7, 2013

What Happened To Those TV Ads For Payday Loans?

Western Sky

Originally published on Thu November 7, 2013 5:51 pm

On TV this summer, you might have seen this ad with a smiling young woman offering help for all those troublesome bills.

"The problem-solver from Western Sky. Get up to $10,000 without collateral. Enough to pay off your payday advances, once and for all," she says.

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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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