Originally published on Thu November 7, 2013 3:43 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.
This Halloween millions of children across the US will hit the streets looking to score some treats and maybe, if they’re ambitious, give their neighbors a fright. But perhaps more frightening is the story behind many of candy they collect.
Washington state has the nation’s highest minimum wage at $9.19 an hour. If voters in the City of SeaTac approve Proposition 1 next Tuesday, the city would boast the highest minimum wage in the country.
Opponents of the proposition say that although the purpose of the proposition is to provide higher-paying jobs, its real consequence would be fewer jobs and more competition from workers from nearby cities.
Rae Padulo creates handmade ceramics, like these holiday ornaments, for her Etsy-based company, mudstar ceramics. She's disappointed with the site's new policy to allow outsourced manufacturing. "There's nothing wrong with factory-made," she says, but "that's not what Etsy started out to be."
Amazon's business is built on three basic concepts: faster delivery, greater selection, and cheaper prices.
In service of that, it has built enormous warehouses staffed largely by robots that shuttle around, pulling goods out of bins at remarkable speed. It can take just a matter of minutes to go from order to shipment.
And lately it's pursuing a program where Amazon goes directly into manufacturers and manages their logistics and online retailing.
Microsoft stock rose 6 percent after an earnings report that had analysts cheering. The Redmond, Wash.-based employer has been struggling to change as consumers move away from computers and toward mobile devices.
Canadian cheese and milk producers will get to keep their tariff protections under a tentative trade pact between the EU and Canada. That's good news for American retailers selling lower-priced American dairy to cross-border Canadian shoppers.
Overall, the agreement could boost commerce between the EU and Canada by an additional $35 billion each year. Steve Scher talks with Vancouver Sun columnist Vaughn Palmer about that story and more of this week's news from Canada.
Attorney General Bob Ferguson has gotten his wish: A list of donors to a political action committee created to fight Initiative 522, which, if passed, would require the labeling of foods containing genetically modified products.
The Grocery Manufacturers Association established its PAC on Thursday, the day after Ferguson filed suit against the association for failing to release its donor list.
In Colorado, people are gearing up for the winter tourism season and there's excitement building for a new attraction - recreational marijuana stores. Yes, some believe pot could be a boon for the tourism industry. The first such stores in the country will open in Colorado in January.
Here's Bente Birkeland from Rocky Mountain Community Radio.
BENTE BIRKELAND, BYLINE: This past spring, 27-year-old Zay Copa, from Miami, Florida, came to Colorado for one reason - marijuana.
It’s Startup Week in Seattle: seven days of events, meet-ups, seminars, and good-old-fashioned networking for those who work in Seattle’s start-up community.
Last year, a global survey ranked Seattle as the 4th best city in the world for tech startups, behind Silicon Valley, Tel Aviv and Los Angeles. And while that may seem like a very good spot in the rankings, some people involved in Seattle’s startup scene think we can do better.
Chris DeVore is one of them. Devore is a general partner at Founder’s Co-op, a company that provides start-ups with seed money. He says Seattle has a very deep talent pool, but isn’t very productive when it comes to creating new tech startups. Why is that? And what role are Microsoft and Amazon playing?
DeVore talks with Steve Scher about Seattle’s place in the startup world.
Microsoft servers around the world are dishing out a new version of Windows 8. The new version brings back a start button, something users said they missed.
A lot is riding on the success of the operating system, which is the backbone of Microsoft’s transformation into a devices company. It’s Microsoft’s effort to create a single experience for all Microsoft devices, from smartphone to tablet to laptop.