Chicago Suntimes Business
U.S. employers added 204,000 jobs in October, an unexpected burst of hiring during a month in which the federal government was partially shut down for 16 days.
Coca-Cola says it plans to invest more than $4 billion in China over three years.
Twitter’s stock is retreating on its second trading day after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street’s lofty hopes.
Twitter wowed investors with a 73 percent surge on its first day of trading Thursday. The broader market, however, had its worst day since August as traders worried that the Federal Reserve could cut back on its economic stimulus. The cause of that worry was a surprisingly strong report on U.S. economic growth in the third quarter.
A Tesla Model S electric car caught fire this week after hitting road debris on a Tennessee freeway, the third fire in a Model S in the past five weeks.
The number of people seeking U.S. unemployment benefits fell 9,000 to a seasonally adjusted 336,000 last week, bringing applications to pre-recession levels.
The rubber duck has squeaked out a win for a place in the National Toy Hall of Fame. The bath toy joins the ancient game of chess in the class of 2013 inducted Thursday. The pair beat out 10 other finalists.
The U.S. economy expanded at a 2.8 percent annual rate from July through September, a surprising sign of strength ahead of the 16-day partial government shutdown.
J.C. Penney says a key sales barometer rose in October for the first time in nearly two years.
NEW YORK — Twitter has set a price of $26 per share for its initial public offering, which means the company’s stock can begin trading Thursday on the New York Stock Exchange in the most highly anticipated IPO since Facebook’s 2012 debut. The price values Twitter at more than $18 billion based on its outstanding stock, options and restricted stock that’ll be available after the IPO.
SAN FRANCISCO (AP) — This much is known: Twitter grew out of Jack Dorsey’s fascination with dispatch systems for cabs, emergency services and bike messengers. That fascination inspired the idea for a real-time communications system. In turn, that morphed into the short-form communications tool used by millions of people worldwide. But precisely how Dorsey’s idea turned into Twitter is a matter of dispute. In Dorsey’s version, he conceived Twitter on a San Francisco playground on his own. But his one-time friend and co-worker, Noah Glass, maintains the seeds for Twitter were planted on the rain-slickened streets of San Francisco after …
The final curtain is falling on the Blockbuster video-rental stores that Dish Network Corp. owns in the U.S. The closures announced Wednesday will affect about 300 Blockbuster locations scattered across the country.
The jobs report for October due out Friday may be bleak. It might even be scary. The unemployment rate could jump by the most in three years. Hiring may slow from an already weak pace. Don’t panic.
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