Tweeter shares soar as much as 1400 pct and are halted after

by Joseph Pisani, The Associated Press Posted Oct 4, 2013 3:19 pm MDT NEW YORK, N.Y. – A bankrupt electronics retailer appears to have gotten caught up in the investor fervour for Twitter.Shares of Tweeter Home Entertainment Group Inc. rose as high as 15 cents Friday. That’s up 1,400 per cent from Thursday’s closing price of 1 cent. And trading volume skyrocketed to 14.4 million shares. Over the past year, the daily average was about 29,000, according to FactSet.The Financial Industry Regulatory Authority, Wall Street’s industry regulator, said the shares were halted Friday afternoon because of a misunderstanding related to the “possible initial public offering of an unrelated security.”What could have gotten investors so confused?Tweeter trades over the counter, under the “TWTRQ” symbol.Twitter on Thursday offered investors details about its highly anticipated IPO and proposed the stock symbol “TWTR.”But San Francisco-based Twitter’s stock won’t be available for trading until the company actually goes public. That could be before Thanksgiving.Twitter has about 218 million users, far fewer than Facebook, which has more than 1 billion. But celebrities, from Oprah Winfrey to Britney Spears to President Barack Obama, are on it. And many TV networks and news organizations encourage people to follow their Twitter pages in order to start a conversation with viewers and promote their shows.Twitter said that it expects to raise about $1 billion in its IPO.And Tweeter? The chain was founded in 1972 and had been based in Canton, Mass. It sold TVs, audio equipment and other electronics, but the stores disappeared years ago. The company filed for bankruptcy protection in 2007 and closed the stores in 2008.Tweeter’s over-the-counter stock was worth 5 cents before trading was halted Friday._____Follow Joseph Pisani at http://twitter.com/josephpisani Tweeter shares soar as much as 1,400 pct and are halted after Twitter files for IPO read more

Civilian deaths in Afghanistan hit record high – UN

According to the latest figures released on Sunday by the UN Assistance Mission in Afghanistan, known as UNAMA, there were 5,122 civilian casualties (1,692 deaths and 3,430 injured) in the first six months of 2018 – a three per cent overall decrease in casualties from last year.But civilian deaths were up by one per cent, the most recorded in the same time period since UNAMA began documenting civilian casualties in 2009.The continuing record-high casualty rates  are being inflicted on civilians despite the unilateral ceasefires by the Government and Taliban that occurred over the Eid al-Fitr holiday period between 15-17 June 2018.Aside from casualties resulting from two Da’esh/Islamic State of Iraq and the Levant-Khorasan Province (ISKP)-claimed suicide attacks in Nangarhar during the ceasefires, UNAMA said that it had documented almost no other civilian casualties during the break in fighting.“The brief ceasefire demonstrated that the fighting can be stopped and that Afghan civilians no longer need to bear the brunt of the war,” said Tadamichi Yamamoto, the top UN official in Afghanistan.“We urge parties to seize all opportunities to find a peaceful settlement – this is the best way that they can protect all civilians,” said Yamamoto, who is also head of UNAMA.The report, which comes amid fears of an uptick in violence,  also noted that the use of improvised explosive devices (IEDs) in attacks by Anti-Government Elements remained the leading cause of civilian casualties. The combined use of suicide and non-suicide IEDs caused nearly half of all civilian casualties. Continuing trends first documented last year by UNAMA, the majority of IED casualties were caused by suicide and complex attacks, which again were responsible for record high civilian casualties, resulting in 1,413 civilian casualties (427 deaths and 986 injured), a 22 per cent increase.Ground engagements were the second leading cause of civilian casualties, followed by targeted and deliberate killings, aerial operations, and explosive remnants of war.  Civilians living in the provinces of Kabul, Nangarhar, Faryab, Helmand and Kandahar were the most impacted by the conflict.“UNAMA continued to document the toxic consequences of this conflict, with Afghan boys and girls killed, maimed, sexually assaulted, abused, recruited and used by parties to the conflict,” said Danielle Bell, UNAMA’s human rights chief.She said that conflict-related violence continued to erode the rights of children to education, healthcare, freedom of movement and other fundamental rights, as well as family life, playing outdoors and simply enjoying a childhood free of the “brutal effects of war.”Actions by the Government of Afghanistan to prevent civilian casualties continued, resulting in a reduction of civilian deaths and injuries from their operations, particularly from ground fighting, an area that UNAMA has consistently focused its advocacy with parties to the conflict in recent years.The full UNAMA Protection of Civilians in Armed Conflict 2018 mid-year can be found here. read more