From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
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Twitter is revealing more details about its planned initial public offering. Late this afternoon, the company announced its intention to raise a billion dollars by selling stock, and revealed detailed information about its finances for the first time. We're joined now by NPR's Steve Henn to discuss this peek behind the Twitter curtain. Hey there, Steve.
More than 330,000 people filed new claims for unemployment insurance benefits last week. That sounds like a big number — and is a slight increase over the previous week — but it's being taken as some very good news. For a month, now, fewer new people are asking for unemployment insurance than at any time since November, 2007. That's before the Great Recession.
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In New York City today, a victory for the Securities and Exchange Commission: A federal jury held former Goldman Sachs trader Fabrice Tourre liable on six of the seven counts against him. The SEC had accused Tourre of intentionally misleading investors about a mortgage-backed security just as the housing sector was beginning to collapse. The investment created huge losses.