NYSE Resumes All Trading
Update: Trading is back on the New York Stock Exchange.
Trading on NYSE and NYSE MKT has resumed
— NYSE (@NYSE) July 8, 2015
Earlier: At 11:32 a.m., the New York Stock Exchange suspended all trading for "unknown technical reasons," USA Today reported. Trading has not yet resumed. Per USA Today: "Such outages are extremely rare in U.S. markets – but the halt brings up memories of the August 2013 'Flash Freeze' when trading on the Nasdaq was halted for hours. Traders on the NYSE floor were standing around looking at blank trading terminals where no bid or offers were being exchanged."
World Naked Bike Ride Rolls Through Boston This Weekend
It's exactly what you think: a bunch of bold people astride two wheels wearing nothing but their lack of inhibitions. "Every year, in cities around the world, people ride bikes naked to celebrate cycling and the human body." More than that, though, the ride is actually a rolling protest against car culture. Suffice to say, a sight to behold. – World Naked Bike Ride
Glitch Grounds United Airlines Flights
A computer glitch grounded all U.S. United Airlines flights Wednesday, impacting some 3,500 flights worldwide. "We experienced a network connectivity issue this morning," a company spokesperson said. "We are working to resolve this and apologize to our customers for any inconvenience." As of 10 a.m., the issue had reportedly been sorted out and planes were getting back in the air. – CNBC
BREAKING: United Airlines flights are no longer grounded: FAA
— Reuters Top News (@Reuters) July 8, 2015
Microsoft Is Laying off 7,800
Microsoft disclosed Wednesday plans to cut 7,800 jobs, mainly in its struggling phone business. “We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family,” CEO Satya Nadella said. The company, which has two prominent offices in Kendall Square, also said it's taking a write-down of $7.6 billion in connection with its 2013 acquisition of Nokia's handset unit. The disclosure follows Geekwire's scoop a couple weeks back, on an email from Nadella to staff that predicted the company would need to "make some tough choices in areas where things are not working." — Kyle Alspach
How Pier 4 Will Broaden Boston's 'Creative Hub of Industry & Tech
The Seaport in particular is poised to bring a new element to the area's arts and culture scene. Whichever creative institution comes to call Pier 4 home, it'll be joined by surrounding groups like the ICA, Artists For Humanity, The Lawn on D and the entire Fort Point neighborhood (a celebrated artist haven) – all of which combined would take Greater Boston's public art resurgence to new imaginative heights. >>> Read more on BostInno – Nick DeLuca
New Money: These Local Companies Raised Millions This Week
Tablelist (Boston)
- Deal: $2.5 million
- Investors: An array of angel investors participated in this round including Wayne Chang, head of product marketing for Twitter’s mobile platform (an existing investor). As per the initial AngelList BOSS Syndicate deal, which also included Streetwise Media and VentureApp CEO Chase Garbarino, Accomplice also participated (with a minimum contribution of $250,000).
- What they do: Tablelist is an app that allows users to book VIP club experiences, from private tables to bottle service. It was one of the first ventures at Northeastern's IDEA accelerator.
- Other details: The app has been downloaded by at least 70,000 people so far, mainly in the New York and Boston areas. And last month, Tablelist processed $600,000 in transactions through its website between New York City (along with the Hamptons) and Boston, according to PandoDaily. The company plans to launch its services in other cities, such as Los Angeles, Miami and Las Vegas, in the coming year. >>> Read more in BostInno's New Money series
The First Protein-Focused Beer, Mighty Squirrel, Is Now on Shelves in Boston
Currently, the two founders are based out of WeWork, while their Mighty Squirrel beer is being brewed at the Von Trapp Brewery in Stowe, Vermont. “It is very expensive to build your own brewery so having a brewing partner made a lot of sense for us at this stage,” Manice said. “Someday we hope to be in a position to have our own Mighty Squirrel brewery.”
In the future, expect to see Mighty Squirrel in numerous fridges throughout the Boston area – as Manice said that the beer company plans to scale up in and around Boston beginning mid-July. >>> Read more on BostInno – Marian White
The Cambridge Innovation Center Kicks off Its First International Expansion
The Cambridge Innovation Center is the largest cluster of startups in the world, housing 800 companies in 500,000 square feet of office and coworking space across seven facilities. Thus far, though, the innovation center has only had locations within the U.S. Now, it’s launching its first international expansion, bringing together entrepreneurs, investors, and established businesses in the heart of the Netherlands. >>> Read more on BostInno – Rebecca Strong
