The Ticker

Twitter up 4.8 percent in continuing surge

Twitter stock jumped 4.8 percent yesterday to close at $73.31 a share on optimism by investors that the company has room to expand sales in advertising.

The stock has surged 32 percent over the past five days, 76 percent this month, and has nearly tripled since the microblogging social network went public at $26 a share in November.

Obama signs bipartisan budget deal

President Obama signed a bipartisan budget deal yesterday easing spending cuts.

Although the budget deal falls short of the grand bargain that Obama and congressional Republicans once aspired to, it ends the cycle of fiscal brinkmanship — for now — by preventing another shutdown for nearly two more years. But the rare moment of agreement may be short-lived.

Hanging over the start of the year is a renewed fight over raising the nation's borrowing limit, which the Treasury says must be resolved by late February or early March to avert an unprecedented U.S. default. Both sides are positioning behind customary hard-line positions, with Republicans insisting they want concessions before raising the debt limit and Obama insisting he won't negotiate.

McDonald's closes employee website

McDonald's Corp. has shut down a website intended to provide employees with work and life guidance after it generated negative publicity for the fast-food company.

The McResource program has been criticized for creating unrealistic budgets and offering advice that was out of touch with its workers' pay. The website, which was run by an outside company, also reportedly discouraged workers from eating fast food.

Amazon: Growth in Prime numbers

Amazon said yesterday it had signed up more than 
1 million new customers last week for its Amazon Prime membership program, which for $79 a year provides free two-day shipping on many items and a free streaming video service.

The company said the program continues to grow, with "tens of millions of members worldwide."

THE SHUFFLE

• Coldwell Banker Residential Brokerage in New England announced that it has hired Kevin Dumont, left, as a field trainer. He will serve as a trainer instructing affiliated sales associates in Southern Massachusetts and Rhode Island.
• J Barrett & Co. announced that Andrea O'Brien, a full-time real estate agent, has joined the agency in its Beverly Farms office. O'Brien has extensive business experience in customer service, including management.
• M/A-COM Technology Solutions Holdings Inc., a supplier of high performance RF, microwave and millimeter wave products, announced the appointment of Robert J. McMullan as its chief financial officer.

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