Thursday, 7 November 2013

The Morning Wrap

Twitter: Twitter Inc. is expected to start trading shares this morning on the New York Stock Exchange. The Wall Street Journal reports Twitter priced its initial public offering at $26 per share, valuing the company at $14.4 billion. AT&T: The New York Times reports the Central Intelligence Agency has been paying AT&T more than $10 million annually to aid overseas counterterrorism operations. Officials say AT&T is participating through a voluntary contract, not pursuant to court orders or a subpoena. Nominee: Appearing before the Senate Judiciary Committee yesterday, Munger, Tolles & Olson partner Michelle Friedland, a nominee for the Ninth Circuit, brought a special guest—former Supreme Court Justice Sandra Day O'Connor. The Recorder has the story. Undecided: The hard-fought gubernatorial race in Virginia is over, but it still isn't clear who will serve as the state's next attorney general. The Washington Post reports a recount may take place given the narrow margin Republican state Sen. Mark Obenshain holds over Democratic state Sen. Mark Herring. Hijacking: A fugitive accused of hijacking a plane and diverting the flight to Cuba in 1984 surrendered to U.S. authorities this week and is expected to face air piracy charges. The Miami Herald has the story.

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