NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Monday, October 28.
UAMS Northwest to start physical therapy program
The University of Arkansas for Medical Sciences received approval Friday to begin a physical therapy program at its northwest Arkansas campus in Fayetteville. UAMS Northwest plans to offer a doctoral program in physical therapy beginning in 2015 after the program is accredited. Approval was granted by the Coordinating Board of the Arkansas Department of Higher Education. The program will be housed within the UAMS College of Health Professions.
Cut to food stamps coming next Friday
Food stamp benefits will be cut, starting next Friday. The cuts, totaling $5 billion, will mean less money for groceries for millions of people who rely on food stamps. It's a tough time to have less food on the table, just a few weeks before the start of the holiday season. Congress has the power to halt the cutback. However, experts say it's highly unlikely at a time when Republicans are calling for even more drastic cuts to food stamps.
Twitter is worth more than $11 billion
Twitter isn't yet making a profit, but analysts think its future is bright -- and that it's worth more than the current $11 billion valuation. Twitter set the preliminary price range for its initial public offering at $17 to $20 per share late Thursday. At the top of that range, the company would be worth $11 billion. That's lower than the $15 billion to $20 billion valuation that some experts had predicted. In a note to clients on Friday, SunTrust analyst Robert Peck said Twitter "wisely started the pricing conservatively" -- and he expects the company to raise its range, which isn't binding, over the next few weeks.
Most popular Halloween candy in the USA
Chocolate is big business, and Halloween is its biggest holiday. According to a recent survey from the National Confectioners Association, 72% of all candy spending this Halloween will be on chocolate. Last year, more than $12.6 billion was spent on chocolate in the United States, 3.8% more than the year before. According to market research firm Information Resources, in the past 52 months ending Sept. 8, Americans spent $3.9 billion to buy 3.5 billion chocolate bars, bags and boxes under 3.5 ounces, the standard size consumers pick up at a grocery store checkout.