TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Facebook to hold news event, stock passes $30

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

FB $30.59 +$1.53

at close on WEDNESDAY

Daily Photo Galleries

By The Associated Press
Wednesday, Jan. 9, 2013, 2:48 p.m.
 

Shares of Facebook are pushing above $30 for the first time since July, boosted by its decision to send invitations Tuesday to “come and see what we're building” at its headquarters in Menlo Park, Calif.

The company will say nothing more about the event. Speculation Wednesday ranged from a Facebook phone, something the company has consistently denied exists, to new search capabilities.

Though still below its initial public offering price of $38, shares of Facebook Inc. have risen steadily since November.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Penguins pushing to sell playoff tickets
  2. Penguins stars Crosby, Malkin enduring playoff slump
  3. Marte’s bat, Worley’s arm show improvement in Pirates win
  4. Missing Sewickley teen found safe
  5. Mackey: For Pens’ Winnik, playing with Crosby an ongoing process
  6. Sanchez odd man out with Pirates recalling Stewart
  7. Steelers visit with Arizona State receiver Strong, claim long snapper
  8. Highmark asks patients to ‘Meet Dr. Right’
  9. Butler County new home sales surge in 2014
  10. Stakes raised for Pitt spring game
  11. U.S. oil, natural gas rig count drops by 34 to 954