Here's a reddit thread with most of the info: http://www.reddit.com/r/Minecraft/comments/2f1acd/can_someone_help_me_figure_out_whats_wrong_with/

So when I launch the server, the window opens and the log gives me this information:

[17:21:45] [Server thread/INFO]: Starting minecraft server version 1.7.10 [17:21:45] [Server console handler/ERROR]: Exception handling console input java.io.IOException: The handle is invalid at java.io.FileInputStream.readBytes(Native Method) ~[?:1.7.0] at java.io.FileInputStream.read(Unknown Source) ~[?:1.7.0] at java.io.BufferedInputStream.read1(Unknown Source) ~[?:1.7.0] at java.io.BufferedInputStream.read(Unknown Source) ~[?:1.7.0] at sun.nio.cs.StreamDecoder.readBytes(Unknown Source) ~[?:1.7.0] at sun.nio.cs.StreamDecoder.implRead(Unknown Source) ~[?:1.7.0] at sun.nio.cs.StreamDecoder.read(Unknown Source) ~[?:1.7.0] at java.io.InputStreamReader.read(Unknown Source) ~[?:1.7.0] at java.io.BufferedReader.fill(Unknown Source) ~[?:1.7.0] at java.io.BufferedReader.readLine(Unknown Source) ~[?:1.7.0] at java.io.BufferedReader.readLine(Unknown Source) ~[?:1.7.0] at lv.run(SourceFile:79) [minecraft_server.1.7.10.exe:?]
[17:21:45] [Server thread/INFO]: Loading properties
[17:21:45] [Server thread/INFO]: Default game type: SURVIVAL
[17:21:45] [Server thread/INFO]: Generating keypair
[17:21:45] [Server thread/INFO]: Starting Minecraft server on *:25565 [17:21:46] [Server thread/INFO]: Preparing level "world"
[17:21:46] [Server thread/INFO]: Preparing start region for level 0
[17:21:47] [Server thread/INFO]: Preparing spawn area: 58%
[17:21:47] [Server thread/INFO]: Done (1.378s)! For help, type "help" or "?"
[17:22:51] [Server thread/INFO]: Stopping server
[17:22:51] [Server thread/INFO]: Saving players
[17:22:51] [Server thread/INFO]: Saving worlds
[17:22:51] [Server thread/INFO]: Saving chunks for level 'world'/Overworld
[17:22:51] [Server thread/INFO]: Saving chunks for level 'world'/Nether
[17:22:51] [Server thread/INFO]: Saving chunks for level 'world'/The End
[17:22:51] [Server Shutdown Thread/INFO]: Stopping server

The server only stopped because I closed it, so at least that works. Also the chart showing memory usage doesn't appear. BTW the formatting is better looking on the reddit thread.