This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Business Highlights

That was the message underlying Friday's news that Twitter has lined up $100 million to finance its operations while founders Evan Williams and Biz Stone plot ways to make money off one of the Internet's most popular communications tools.

The investment values the 3-year-old company at $1 billion, even though it has yet to generate any meaningful revenue, let alone profits.

___ By The Associated Press

The Dow Jones industrial average fell 42.25, or 0.4 percent, to 9,665.19. The broader Standard & Poor's 500 index fell 6.40, or 0.6 percent, to 1,044.38, and the Nasdaq fell 16.69, or 0.8 percent, to 2,090.92.

Benchmark crude for November delivery added 13 cents to settle at $66.02 a barrel on the New York Mercantile Exchange. In London, Brent crude rose 29 cents to settle at $65.11 on the ICE Futures exchange.

In other Nymex trading, gasoline for October delivery lost nearly 2 cents to settle at $1.6205 a gallon, and heating oil for October delivery lost less than a penny to settle at $1.6771 gallon. Natural gas added 3 cents to settle at $3.985 per 1,000 cubic feet.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
7 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
KBH $14.52 0.28%
AAPL $123.80 -1.60%
FB $77.82 0.34%
GOOG $524.23 -1.20%
TSLA $231.20 -0.75%

Markets

DOW 17,793.34 -134.86 -0.75%
S&P 500 2,080.55 -8.91 -0.43%
NASDAQ 4,919.1310 -20.1960 -0.41%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs