Time for your Business Minute this Friday morning.
The world's largest retailer is downsizing...sort of.Wal-Mart plans to open a new convenience store in Bentonville. The super-small store will offer gas, snacks and drinks. Folks can also grab other grocery staples like milk, eggs, and bread.The store will open next spring on 14th Street. According to the retailer, it will be the only Wal-Mart store of its kind in the world.
###Shares of Twitter surged more than 72% Thursday in its debut on the New York Stock Exchange.Twitter priced its initial public offering Wednesday night at $26 a share. The first trade came in Thursday at $45.10 a share, jumped as high as $50.09, and closed at $44.94.
Valuing Twitter at more than $24-billion.
While Twitter soared, the rest of Wall Street did not.
In fact, it was a terrible day for most everyone else. The Dow Jones plummeted more than 150 points to close the day at 15,593, the Nasdaq dropped nearly 75 points to end the day at 3,857.33, and the S&P 500 -- keeping with the day's theme -- dipped 23 points settle in at 1,747.15.