Tech startups aren't the only businesses incubated in Northern California. Since 2005, the nonprofit group La Cocina, Spanish for "kitchen," has been providing equipment, mentoring and access to capital to promising small food businesses in the Bay Area.
In this week's tech roundup, the revelations from Edward Snowden that the U.S. spied on its global allies, the Apple iPad event and the ongoing fallout over HealthCare.gov, a system one source described as "too big to succeed."
Twitter announced late Thursday that share prices for its hotly anticipated initial public offering will be between $17 and $20. This is far less than what many analysts were predicting the social media site would list for. With 70 million shares up for sale, the offering should raise about $1.4 billion. According to The Wall Street Journal, this would value Twitter at about $11 billion total.
Activist investor Carl Icahn has increased his stake in Apple and is pushing the company to replace its own stock buyback plan with a much more ambitious proposal. In a letter to Apple CEO Tim Cook, Icahn said that, given the size of Apple's cash holdings, its stock buyback should be $150 billion instead of the planned $60 billion.
American Airlines, United, Air France and a number of other major airlines have been moving toward shrinking the seats in economy class to squeeze one more in each row. Airlines hope that by cramming more people into coach, they can make room for more of the first-class seats, which sell for a lot more money.
Digital tools make starting a small business easier than ever. There are apps and websites to incorporate, find lawyers, make payroll, manage HR and marketing. Convenience can come at a price, however, if it means entrepreneurs aren't making personal connections as they establish their businesses.
Genealogy has become a massive industry, from websites like Ancestry.com to TV shows like Who Do You Think You Are? But those focus on family lineage. What about the heirlooms and stories that fill the history of a family tree? A North Carolina business is trying to help.
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