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."
Baseball fans often declare their love of the game's rhythm, its quiet pauses and bursts of action. For such people, watching a game on TV can be a struggle, particularly if they're annoyed by the chatter of announcers. Fans in Detroit had another option last night: watching a TV broadcast that included only the natural sounds of the ballpark.
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.
Now we'd like to talk about another body of research that's also challenging assumptions, very old assumptions about the effects of cocaine addiction. During the crack epidemic of the 1980s and '90s, healthcare workers feared that children born to addicted mothers had little hope for a healthy future. But a newly released study suggests that initial concerns about so-called crack babies may have been misplaced, and that the biggest issue that could hurt these kids was not drug exposure, but poverty.
This is TELL ME MORE from NPR News. I'm Michel Martin. Coming up, during the height of the crack epidemic in the 1980s, many doctors despaired that children born to crack addicts were doomed to grim lives as adults, if they managed to grow up all. But, now there's new research that's challenging that assumption. We'll hear more about that just ahead. First, though, we want to talk about a new study that challenges other assumptions about the opportunities extended to African-American and Latino students.
The Television Critics Association press tour, a two-week event in which press conference after press conference parades through a hotel ballroom, is about half over, so it's time for a few stories.
In a room of 250 or so reporters and a rotating set of actors, producers, and executives, there's likely to be a conversation here and there that perhaps doesn't go as everyone involved was expecting. After all, I've already been to 57 panel discussions or presentations (according to our transcripts list), and we have a week to go.
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.
Originally published on Wed July 31, 2013 12:23 pm
At 18 years old, American Gabrielle Turnquest has become the youngest person to pass Britain's Bar exams, qualifying her as a barrister. Turnquest is a native of Windermere, Fla. She studied for the exams at Britain's University of Law.
From London, NPR's Larry Miller reports for our Newscast unit:
"The average age to gain a barrister's qualification is 27. Turnquest says she's honored to be the youngest person to become a British barrister. Due to her parent's heritage, she is also called to the Bahamas bar.
Originally published on Wed July 31, 2013 10:43 am
Daniel Chong, the San Diego college student who spent more than four days in a Drug Enforcement Administration holding cell without food or water, has reached a $4.1 million settlement with the U.S. government. The DEA apologized to Chong last year and instituted a review of its practices.
The ordeal, in which Chong was forgotten in a cell after being taken in during a drug raid, caused Chong to become increasingly desperate. At one point, he said last year, he drank his own urine to survive.
There's nothing soothing or easygoing about this massive novel, which was first published obscurely in Italy in the late 1990s. Goliarda Sapienza, a novelist and actress who worked with the likes of Pasolini and Visconti, spent more than a decade writing The Art of Joy, and on balance, she must have felt it a massive disappointment, given that no publisher wanted to go near its chaotic, handwritten blend of ambisexuality, religion, feminism, and politics.