It's been more than a year since Facebook's stock debuted at $38 in its initial public offering. But after a problematic start and an eventual slide below $20, the company saw its shares reach that initial price in early trading Wednesday, one week after it reported strong advertising revenue.
"Before Wednesday's opening bell, the shares rose as high as $38.05, before settling back down to $37.95," the AP reports. "On Tuesday, the shares closed up 6 percent after coming within pennies of the IPO price."
On October 1st, online health insurance exchanges open up as part of the Affordable Care Act. Kaiser Health News' Mary Agnes Carey speaks to host Michel Martin about what will change, and how you can prepare for the roll-out.
NPR's business news starts begins with some surprising economic growth.
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GREENE: The U.S. Commerce Department says the economy grew at an unexpectedly swift pace during the second quarter of the year. The Gross Domestic Product, or GDP, grew at an annual rate of 1.7 percent. That compares to the first quarter, when it grew at 1.1 percent. As NPR's Yuki Noguchi reports, this might mean the economy has not been hit hard by the automatic government spending cuts known as sequestration.
The U.S. economy grew by an annualized rate of 1.7 percent in the second quarter of 2013, according to gross domestic product data released Wednesday morning. The Commerce Department says the rise stems from business investments, particularly in buildings, and an upturn in exports and the civilian aircraft industry.
The reigning king in the truck world is the Ford F-150, and it's been that way for a couple of decades. But staying on top is getting harder.
With new, tougher fuel standards looming there is a lot of emphasis on efficiency and innovation. On Wednesday, Ford is announcing its flagship truck is taking a step into the alternative fuel world with a vehicle that can run on natural gas.
When you look at their bottom lines and their advertising you realize that the Detroit Three make cars, but they're really truck companies, especially Ford.
I read the other day that 16,000 people have been recruited as volunteers for next year's Super Bowl in New Jersey, and suddenly it occurred to me: the Super Bowl is one of the great financial bonanzas of modern times. From the players to the networks to the hotels, everybody involved with it makes a killing. Why would anybody volunteer to work for free for the Super Bowl? Would you volunteer to work free for Netflix or Disneyworld?
Another barrier to recognition of same-sex marriage appears to have fallen. On Monday a federal judge ordered a law firm to pay survivor's benefits to the widow in a same-sex marriage, and on Tuesday the law firm said it was happy to comply and would not appeal.
The decision is the latest in a series of court rulings equalizing benefits for legally married same-sex couples in the aftermath of a U.S. Supreme Court ruling.