he was arrested wednesday after turning out what to be fake explosives from undercover officials. amanda knox's attorneys begin closing arguments today. the american student was convicted of killing her roommate, meredith kircher. "world business today" starts now. good morning from cnn london, i'm charles hodson. and good afternoon from cnn hong kong, i'm andrew stevens. welcome to "world business today." the top stories this thursday, september 29th. >> vote yes to say the euro. angela merkel takes the eu rescue package to the german parliament. >> while politicians rangel over the future, normal people are faced with radical new cuts. and can the kindle fire set the tablet market ablaze. okay. we'll start with the markets. we'll start with the asian markets today. a bit of a change here. we want to show you these pictures straight away. the hang seng index was closed for trading today. this is the reason. this is the result of typhoon nesat. it brought with it pretty strong winds, not to mention driving rain. this is the same storm that claimed some 34 lives in the philippines. it passed about 350 kilometers south of hong kong, quite a long way but not far enough to stop a severe weather warning issued resulting in the closure of schools and businesses, including the stock exchange. that was just hong kong. around the rest of the region, though, it was business as usual. as you can see there, a fairly mixed picture as well. the standout, of course, the kospi in seoul, up 2.7%, samsung electronics there among the main winners. the s&p losing most of its gains from yesterday and sydney down about 0.75%. commodity stocks taking a hit. the nikkei up by 1%. second day of gains for the nikkei. getting a boost from a weakened yen there, charles. that helped companies like toyota and sony. >> i didn't want to preempt jennifer delgado but there aren't any typhoons i'm aware of here in europe but i'm not a meteorologist. the markets are open today. they're all pointing downwards at the open. here's how things look, just an hour and four minutes, 64 minutes, into the trading day. we are seeing a tiny bit of continued strength, actually. up by about 0.25% for the xetra dax. paris cac current up by 0.5%, zurich smi up by 4%. we are seeing losses on the london ftse. the markets think that angela merkel will win that vote. we'll come to that later on. in the past hour, nokia of finland announced it's slashing 3,500 jobs by the end of 2012 and that's sent its share price down 1.3% in helsinki. i think one can safely say, andrew, unfortunately, that is a star in the descendant. >> absolutely. 23 y if you look at that share price cut, investors don't think nokia has the turnaround on the table quite yet. in the u.s., all three indices closed down on wednesday. there are fairly significant falls, too, the euro zone remaining in the spotlight. the dow down 1.6%. tech stocks taking a hit. the biggest hit yesterday as you see there, down over 2%. the good news is at least at this hour, the markets look set for a positive opening when trading begins in about five hours from now. that's what futures look like. the dow up by 0.a%. the s&p up around about the same. still quite a long way before they raise the gains of yesterday. charles? >> okay. let's turn to the euro zone and that's what's driving the markets at the moment. perhaps i should say dragging the markets at the moment. with a few big days ahead, investors will be paying close attention. now, the pressure obviously is on the german chancellor angela merkel, ahead of a key parliamentary vote that could change the shape of the europe onunion. meanwhile, greece is facing an audit of its finances. the eu and imf are sending inspectors to athens to check on the implementation of the government's latest austerity plans. more on that in a moment. let's go to germany where fred plightgen is standing by. what's going to happen on voting more german money for the european financial stability fund. >> i think you mentioned the most important one. nobody believes this vote will fail, fall through because the main opposition parties said they will vote in favor of the measure. the big question sin deed going to be whether or not angela merkel can mobilize enough people in her over governing coalition from the christian democrats and the liberal democrats to pass this vote with her own governing majority. if she's not able to do that, then this would seriously weaken here not only here in german and her capacity to govern here in germany but also a leader within the euro zone as many countries, many leaders around the world look to germany, look to angela america toll take on a significant role in saving the euro. at this point in time, it looks as though there's going to be about 17 to 18 decenters within the governing faction pap that would mean she'd still have enough votes to pass this measure. the debate is ongoing at this point in time. just to give you a flavor of what's going on, it isn't an emotional debate going on right now. it is very matter of fact. you kans sense politicians from both aisles are very much aware of the fact they do wear a great responsibility of what's going to happen, not only in european politics but also the market reaction that is going to come after this vote. charles? >> yes. i mean, i suspect, fred, we're already looking in terms of where the markets are standing, the assumption is that ankle merkel will get through with opposition votes. i'm interested in what this means in terms of german politics because the liberal free democrats, who have been playing the skeptics, have been a drag on the government, even though they're part of the coalition. the opposition at the moment, it welcome suggests that she will be more comfortable going back to the arrangement she had before, governing with the spd and leaving the free democrats out in the cold. because they have become severe electoral liability, haven't they? >> they certainly have. that certainly is something that has been discussed at length here in german politics as well, whether or not you might see something like the grand coalition come back which we had in the past legislature. at this point in time it doesn't look as though this coalition will break in part, simply because the liberal democrats are far too weak to fare on their own. if there were early elections in germany, they would be so weak they wouldn't make it back into parliament. the social democrats for their part, the opposition party, have said they would not form a coalition with angela merkel's christian democrats. it looks as though at this point in time the coalition will stand. as you set, this is putting a big strain on angela merkel. this is making it very difficult for her to govern this country. it has been the liberal democrats, also, of course, driven by the fact they've gotten bad election results in in-state elections. the last berlin elections, they got 1.8% of the vote. that's nothing for this party. that has started to drive them to take more measures and make it difficult for angela america toll govern here and assume her leadership role within the euro zone, charles. >> i think we have to assume she's presiding over a lame duck government at this point, fred. anyway, that's a further discussion. fred pleitgen joining us. that key vote will happen later on this afternoon. many thanks to you. andrew? there's a lot riding on what happens wrenn officials from the so-called troika, the imf, the european commission and central bank meet the greek government today. depending on the outcome of that meeting, greece's bailout could be renegotiated. john defterios joins us from athens. just on the troika, what are they going to be looking for from greece to get the next bailout or the next part of the bailout through? >> there's two-pronged approach here, near term the troika, which started its fill day of work here after arriving last night has to come up with a draft for the euro zone finance ministers meeting on monday. that's to deal with the sixth installment of the previous package. that's about a $10 billion payment. they don't see any major hurdles on that. they talk about negotiating the july 21st agreement, negotiation would mean they need to close a gap for 201, 2013, 2014 of about 10 billion euros. that's the hard work from this point forward. you have the 7th, 8th and 9th installments. prime minister poppis in a meet. a final decision has not been made. they're also expecting to hear a comment in athens after the vote in germany. they are saying that chancellor merkel's comments after that vote are important in terms of the tone it sets here in athens in this austerity drive. >> austerity drive is the name of the game in athens and across the country. john, we've seen a spike in the unemployment rate. we've seen economic activity contract in the wake of the austerity measures. just behind those headlines, gifs a sense of how big an impact this austerity measures are having on the ordinary gr k greek. >> you can't really understand it until you come in to athens and get the tone of the entire country. let's take a look at the latest report to give you a sense of how bad it is. this is from the labor institute of general workers. we know the unemployment rate for the second quarter is 16.3%. they're making projections for 2012 that the unemployment rate beyond just the hard numbers could surge when people stop looking for work to 26% in 2012. a 10% -- a ten-point increase in 201. we just came back from a hospital, for example. you have the administrators taking a budget of nearly 200 million euros in terms of overall spending and bringing that down by 90 million euros because they have to work within the existing budget they have. there's been a 20% cut in overall pension payments and salaries. they cannot stay off state workers. this is the bone of contention. the private sector is up in arms that they're sacrificing. state workers have not been laid off, although 30,000 are being furloughed right now. administrators in the state departments are having to make good on this new reality on the ground. >> i can imagine. and there's also more measures in the pipeline, aren't there? this is not over yet. >> i think we have to clarify where we are. pension cut of 20% to 40%, depending on your retirement age, seeing state salaries down by 20%. the property tax passed this week. then there were measures floated around yet which prompted rallies here in the square where we're in our hotel balcony on a won't pay movement. the finance ministry was suggesting you'd have to report, perhaps in 2012 and 2011 100% of your spending. a 20% pay cut for state workers, we've lost 800,000 jobs in the private sector, now you want to us account for 100% of the income that we already earned. how will the tax authorities keep pace on the ground? some are saying what's wrong with this? this is bureaucracy starting to take hold during this period of austerity. >> it seems an enormous amount of extra red tape for going after tax cheaters, i suppose. that seems like a cumbersome way to go about it. more pain for gross as the age of austerity continues. you're watching "world business today" today. still ahead, a new kid on the block in the tablet computer market. amazon has released its answer to the ipad. we'll tell you how they compare. insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses... not paid by medicare part b. that can save you from paying up to thousands of dollars... out of your own pocket. these are the only medicare supplement insurance plans... exclusively endorsed by aarp. when you call now, you'll get this free information kit... with all you need to enroll. put their trust in aarp medicare supplement insurance. plus you'll get this free guide to understanding medicare. the prices are competitive. i can keep my own doctor. and i don't need a referral to see a specialist. call now to get a free information kit. plus you'll get this free guide to understanding medicare. and the advantages don't end there. choose from a range of medicare supplement plans... that are all competitively priced. we have a plan for almost everyone, so you can find one that fits your needs and budget. with all medicare supplement plans, there are virtually no claim forms to fill out. plus you can keep your own doctor and hospital that accepts medicare. and best of all, these plans are... the only medicare supplement plans endorsed by aarp. when they told me these plans were endorsed by aarp... i had only one thing to say... sign me up. call the number on your screen now... and find out about an aarp medicare supplement insurance plan. you'll get this free information kit... and guide to understanding medicare, to help you choose the plan that's right for you. as with all medicare supplement plans, you can keep your own doctor and hospital that accepts medicare, get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now. the answer is yes. it's called kindle fire. >> even among hardened tech journalists, jaws dropped when amazon ceo jeff bezos announced the cost of the company's new kindle fire company. it's $199. that makes it less than half the price of the market leader the ipad. bezos unveiled the new tablet on wednesday. the kindle fire is much smaller than the ipad but the company says its performance is a platform for electronic media is second to none. cnn's maggie lake spoke to michael guytonburg, about how the kindle might shake up the tablet market. >> i don't think this is going to affect the ipad. it's a $499 device. it's designed for constant creation, constant consumption, a 10 inch screen, more memory, bluetooth, designed for communication. this will appeal to a different audience. someone who said i don't need all the features of the ipad, it's attractive but i don't need everything, maybe i can't afford it. it's $499. this is $199. the key is amazon's built out all of the services required to make this device successful before launching the device. >> amazon is taking orders for the kindle fire. the tablet won't be in stores until november 15th. >> the interesting thing is, they're also cutting the prices already on a whole bunch of the existing models and making them much cheaper, particularly at the bottom end. in the meantime, samsung has been forced to further delay of the release of galaxy 10.1 tablet in australia because apple is seeking to block the sale of the device. two companies are fighting a global pattern battle over whether samsung copied the designs of apple's highly successful ipads and iphones. an australian judge will hand down a decision adjustment week. apple has successful stopped the sale of some samsung products in germany and the netherlands. the legal battle between the two companies has spread to six different countries on three continents. paula hancocks has been tracking the tablet wars from there. >> people, it's time for a better tablet. it's time to tab. >> reporter: a global marketing push by samsung for its new 10.1 tablet. scuffled by its main competitor, apple. legal battles spanning three continents have kept samsung's answer to the ipad off the shelves in certain countries. the main target of apple's legal battles is this, the samsung galaxy tab 10.1. according to apple, it is almost identical to its ipad. it is the same size and apple says that it infringes on its design patents. samsung counts that apple infringes on its technology patents in the ipad, a newering with smaller version of the samsung tablet was pulled from an exhibition, one of the world's largest electronic shows because of a court injunction in apple's favor. a blow to samsung according to analysts but not a knockout. >> translator: samsung is suing aprille with a technology pat enthe. samsung supplies parts to apple so they cannot go all out in the lawsuit but they have the upper hand with the technology patents adesign patents are hard to verify. >> the reliance of the two companies on each other is what could settle the disputes. >> translator: apple doesn't have a reliable parts supplier without samsung. if samsung is unable to win their pat eneent they won't be to sell. >> reporter: for now, the legal jostling for position in the highly lucrative tablet market shows no sign of abating. paula hancocks, cnn, seoul. a powerful storm closed many shops and businesses in hong kong. more on the progress of typhoon nesat when we come back. you're looking at live pictures of the hong kong water front, a fairly low gray sky there as you can see. manufacture the bars and restaurants not to mention sin has doing a brisk trade here today. business virtually closing down after typhoon alert was raised. when that happens, the stock exchanges and the banks have to close. there has been a day off for many people in hong kong. a little bit of damage from high winds, nothing too serious, though. let's go to meteorologist jen delgado at the cnn weather center. this is what we're looking at typhoon nesat, 300 kilometers away from hong kong. where's it headed. >> to the west, just to the north of heinen island. people going to the movies, apparently people going to bars, when there's a typhoon. big difference from what happens over here across the u.s. let's go to some images coming in from hong kong. this is showing you victoria harbor. guess what? cloudy skies out there. but a lot better than what it was a couple hours ago and especially last night when the winds started to kick up. as i take you back over to our graphic, the winds at 120 kilometers per hour, that would be on the weak end of a category 1 you put it in the atlantic. that center of circulation, right towards the northeast of hainan island. it moves towards the west. right now it's a typhoon. it makes landfall in vietnam tomorrow. while it will weaken it will bring heavy rainfall for areas just to the west of hainan. we're talking about vietnam. on the satellite imagery, the center of circulation is just to the north. it will continue to weaken and spread towards the west. there are heavy rains and squalls through areas along the coast lining, especially down towards the southwest and streaming down towards vietnam. what can we expect as we go throughout the remainder of the day as well as into the evening in the winds, 43 in hong kong, 40 in haikou. it will be quite gusty and rough along the coastal regions. certainly not a time to be out in the water. let's go to video to show you what it looked like through parts of hong kong. look at the damage left behind. you can see some of the wood snapped and some of the boats as well. that's after rough surf, wind that typhoon was moving just so close by. as i take you back over to our graphic here, we're talking about 25 centimeters of rainfall roughly, about 9 inches. there will be problems with flooding. but we're not out of the woods yet. we have another typhoon that's just to the west of the philippines, of course, nesat made its way through the philippines before making its way towards china. the bad news is, it looks like it will be passing to the north of luzon as we head into the weekend. . >> the philippines always seem to be in the front when it comes to tie foonz. >> always. you feel bad for them. they had a deadly storm just three years ago. >> thanks for that. >> you're welcome. >> charles? one of america's biggest companies is bullish on the economy. the chinese economy that is. we'll show you what general electric is planning to do to boost its bottom line. that's just ahead. from cnn hon done, i'm charles hodson. >> i'm andrew stevens at cnn hong kong. welcome back. you're watching "world business today." >> let's take you back to europe where the stock markets are now about 93 minutes into the trading day. here's how they look at the moment. we did see some gains earlier on. we're still seeing them, although coming back a tiny bit for some of those, paris cac current up by 0.5%. 0.2% for the xetra dax. the one that's going down at the moment is the london ftse. that is off by 0.5%. i'm joined now by michael houston, who is from cmc markets. michael, i'm not quite sure where -- there you are, michael. good morning. sorry, not sure where to find you in the studio of ours. michael, good to see you. what do you think the markets are telling us this morning? it slightly suggests to me that the markets think angela merkel will win that big vote tonight. >> i think she will, charles. i think the markets are reflect that. i think the magic number we're looking for is 311. that's how many votes she needs to pass this vote and not emerge politically damaged. if she gets less than 311 she'll be relying on opposition politicians to get this bailout through. i think it will pass. it's a question of how politically weakened she emerges from it. >> sum up -- okay, given that, that's seasonally an assumption. the other assumption as i see it, there will be a greek default, probably quite a bit one. what do you think will be -- where will we stand in terms of the european sovereign debt crisis in the mind of the markets? >> well, i think there's two schools of thought on this one. at the moment, the markets are looking for european leaders, looking to them for guidance and they're not getting it. a greek default is pretty much nailed on. we have to get this next tranche out of the way so in december we can move the game forward and prepare for what will be an inevitable greek default. i think get this out of the way, this vote, get the troika -- get the troika out of athens, agree the next tranche and then prepare the ground for a greek default. until such time as that happens we'll get more of this uncertainty. i think that's pretty much the way things are at the moment. >> we're looking at live pictures of the debate in germany. i think one of the big issues is the amount of german taxpayer euros that will have to be invested in this. if you were there at this debate and you had the job of being honest with everyone, that's the finance minister we see. if you had to be honest with everyone, saying will we be back here in a short period of time? >> unequivocally, yes. >> that will go down in the bundestag. >> the only people in denial are the politicians. how can greece ever repay the debt that they're buckling under? i think they will take matters in their own hands. i think they're suffering from severe austerity fatigue right now. >> michael houston, thank you. thank you for being the honest man in the bundestag this morning. >> it's a great point, isn't it? when you have the economy contracting like it is in gross, how is it going to get the money to pay off the ever-rising debt? it just doesn't make any sense at the moment. let's turn our attention to what's happening in asia today. as we've seen the hong kong markets close for the typhoon warning. it was business as usual around the rest of the region. the nikkei up by nearly 1%. the outstanding performer, the kospi in seoul, 2.7%. samsung electronics among the big winners there. the nikkei getting a ooft boost from a weaker yen. australian markets down by 0.75%. erasing the gains it made yesterday. shanghai also down another down day, down 1% yesterday. still 14-month lows. at 1.1%, down again today at 2365. charles, it's a bit of a mixed bag here today. like everywhere else in the world, the asian investment community really watching what happens in germany. also, of course, what happens in greece. >> indeed. okay. i think they could do a lot worse, based on what michael houston was telling us a moment ago. u.s. stock futures are getting off to a pau start when the markets open in new york in just under five hours time. wednesday's trading started, also promising. as alison kosik reports, ott mix into pessimism. >> an early rally on wall street fizzled out quickly. investors were initially pleased with investments out of europe, specifically on progress on the european financial stability fund but since that, officials aren't acting fast enough dragged down sentiment. at the close the dow tumbled 1 9 to end down. financial shares also reverse course after their runup earlier this week. jp morgan, bank of america, citigroup and morgan stanley all closed between 3% and 6% lower. durable goods orders fell slightly last month. analysts had been expecting a gain. durable goods are big ticket items like cars and refrigerators. demand for them provides a good snapshot of the manufacturing sector. analysts note some numbers in the report aren't that bad, specifically the components showing businesses are starting to spend more money on new equipment. new economic data due out thursday, most importantly, the final revision of second quarter gdp. economists expect the economy grew at a 1.2% rate on april and june. that's a wrap of the day on wall street. i'm alison kosik in new york. >> okay. a new law taking effect in zimbabwe is supposed to economically empower ordinary black zwick democrat zimbabwens. an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses... not paid by medicare part b. that can save you from paying up to thousands of dollars... out of your own pocket. these are the only medicare supplement insurance plans... exclusively endorsed by aarp. when you call now, you'll get this free information kit... with all you need to enroll. put their trust in aarp medicare supplement insurance. plus you'll get this free guide to understanding medicare. the prices are competitive. i can keep my own doctor. and i don't need a referral to see a specialist. call now to get a free information kit. plus you'll get this free guide to understanding medicare. and the advantages don't end there. choose from a range of medicare supplement plans... that are all competitively priced. we have a plan for almost everyone, so you can find one that fits your needs and budget. with all medicare supplement plans, there are virtually no claim forms to fill out. plus you can keep your own doctor and hospital that accepts medicare. and best of all, these plans are... the only medicare supplement plans endorsed by aarp. when they told me these plans were endorsed by aarp... i had only one thing to say... sign me up. call the number on your screen now... and find out about an aarp medicare supplement insurance plan. you'll get this free information kit... and guide to understanding medicare, to help you choose the plan that's right for you. as with all medicare supplement plans, you can keep your own doctor and hospital that accepts medicare, get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now. you're looking at a rare 1 million pound bank note, that is almost $1.6 million at today's exchange rate. and actually more when it was printed. it could be yours. it's up for auction in london in about 20 minutes time. the thing is, it's only worth up to 50,000 pounds, rather, less than $80,000 because it was canceled six weeks after being printed way back in 1948, as you can probably see, august 19th, 1948. i suspect it might have been about $3 million at that time and would buy an awful lot more than 1 million pounds would today although i still wouldn't mind the million pounds if ben wants to send it to me. welcome back to "world business today," andrew. >> we'll go to china, despite fears of a sliding economy, many companies are committing millions of dollars. ramy inocencio has been looking at that story. he joins us now with more details. what's ge up to. >> china is still a beacon for money making, clearly. ge is expecting to raise it's energy-related revenue by 25% a year for the foreseeable future. that's according to this man right here, ge's ceo jeffrey immelt. that revenue would come from things like gas turbines, jet engines and the like. the other divisions are aviation, transport as well as health care. these divisions added this much money to ge's bottom line in 2010. $5 billion. that was a testifiment to ge's investment in the country. by the year 2014, three years from now, it says it wants to double this number to $10 billion. to help it get there, on wednesday the company announced it would put in seed money in the form of a challenge called the ge eco-maginatino. coca-cola is also committing even more money to the world's most populous country. in august, just last month, it announced it would invest this much money, $4 billion in china in the next three years. it also plans to invest in yet another emerging market. that would be russia right here, all in green. and reports also from various news agencies say that coke could actually open up operations in one other country over here, potentially right here, in north korea. that might be the most emerging of emerging markets, andrew. >> remy, thank you. remicommen ramy inocencio. another day, another thing to blame for the subway crash that injured nearly 300 people on tuesday in shanghai. the subway operator, shanghai metro says a power failure and human error are to blame for the collision. it comes a day after the metro's chairman blamed signaling equipment. controllers didn't follow proper procedures after a power shortage disrupted signaling. charles? let's turn to africa now and in zimbabwe, a new law took effect that will force foreign-owned countries to transfer a majority stake in their businesses to black zimbabwens. hundreds of firms are facing investigation after missing the deadline for filing divestiture plans. >> reporter: in 2000 it was white-owned farms taken by force. most was meant to benefit landless blacks. instead, zimbabwe plunged no a crisis that crippled the economy. now the government is forcing foreign-owned companies to transfer majority shares to locals in yet another empowerment drive. and is threatening to revoke licenses and even seize assets if they don't comply. >> these are rules and regulations. if you come and break those laws, then i can't see how we can send you roses. >> reporter: global insurer, old mutual has agreed to give up a 25% stake for now. >> it is not a question of us giving away shares for free. there has to be structures that insure that we get market related -- >> reporter: where will the money come from? zimbabwe is broke. they have no money. >> investment in the mining sector and you're seeing more companies from different parts of the world getting into zimbabwe to invest. >> reporter: economists say most foreign companies have made not a profit for years and consider the zimbabwen assets worthless. >> the cost of modernizing, upgrading, expanding and growing such businesses will be squarely on the shoulder of indigenous zimbabwens. >> reporter: what does that mean for the economic outlook of the country in the long term? that. >> means a further slowdown in the zimbabwe economy. >> reporter: and ultimately, more suffering for the people of zimbabwe. cnn, johannesburg. still ahead here on "world business today," reebok butts out. why the international shoemaker is being penalized for not delivering a lift in sales. details just ahead. a flurry of powder there. what if there was a makeup that didn't just hide your breakouts... but actually made them go away. neutrogena skin clearing makeup. it has our proven blemish fighting formula blended with silky gorgeous makeup. so it gives you a beautiful flawless look while undercover it works to clear breakouts. does your makeup do that? neutrogena® cosmetics. aspercreme breaks the grip, with maximum-strength medicine and no embarrassing odor. break the grip of pain with aspercreme. let's take a look at the price of gold now. there we are. 41.10 added on to the price. we're at just a shade below $1630. welcome back, live from cnn hong kong and london, this is "world business today." in new york, about 4.3 million people ride the city's subways each day. right now they have no mobile phone service once they venture under ground. that is about to change. adrianna howser shows us how to wire a subway system. >> reporter: waiting for a train in some subway stations in new york city will be more productive or at least more entertaining and this will be a thing of the past. >> starting right here and at four stations nearby, at&t and t-mobile customers will be able to place and receive calls, text messages and check e-mails all the while waiting for their trains below ground. >> for the first time they will also have 911 emergency service, a very nice compliment to the public safety here in the city. >> reporter: the object sieve to expand the service to 30 new stations and all 271 stations by 2016. he added that negotiations are taking place to include other carriers. this initiative was announced in 2007 but delayed due to financing issues. in charge is a company called transit wireless. transit wireless and the carriers, at&t, t-mobile are financing the $200 million project, transient wireless will split the revenue it receives from the carriers with the metropolitan transit authority. the company estimates that once the project is completed, revenue will surpass $3 million a year. with this initiative, new york joins cities like san francisco, boston and washington, d.c. which for several years have provided wireless coverage underground. most new yorkers we spoke to applaud this new convenience. >> i think it's long overdue. i'm a fan of checking e-mail. i don't know if i'm a fan of being able to talk. everybody will be talking all the time like when you're on the bus. i do enjoy the fact you can check e-mail, especially on a long commute. >> i think it's great for emergency situations to have a cell phone working in the subway. >> it's a step in the right direction. this is something we should have always had regardless. >> reporter: would it bother you if people are loud, having long conversations next to you? >> not anymore. >> reporter: we asked our producer to send us a text if this is already working. indeed it spp adrianna howser, cnn, new york. right. let's have a look at the european stock markets and they've gained some ground after opening lower on thursday with one exception. that is the london ftse. as you can see at the top there, off by 0.3%. as for the others, they are moving upwards, slightly more comfortable for the xetra dax, nearly two-thirds of a percent higher. paris cac current nearly full 1% higher and the zurich smi up by 0.75%. earlier, michael houston was telling us that he agrees the market perception is that angela merkel, the german chancellor will get her way with the bundestag and the vote later on today. in asia, the world markets closed, of course. the kospi was the standout, up 2.7% today. samsung driving part of that at least. the nikkei up by another 1% as well, based on a weaker young. shanghai down another one. and australia losing gains from yesterday. hong kong isn't there, closed today for a typhoon, all hong kong banks and stock exchanges and schools closed if the typhoon comes within a certain distance of the territory. charles? >> before we run out of time, we'd like to bring you today's big number. here it is. $25 million. that's the amount of money reebok international will spend on customer refunds for easy-tone and run-tone shoes. the u.s. federal trade commission says reebok made false claims which promised better legs and a better behind. with every step. reebok claimed they strengthened the wearer's legs up to 11% more than normal trainers and tone the buttocks up to 28% more. reebok has agreed to pay up but only in their words, quote, to avoid a protracted legal battle. the company also says it does not accept the court ruling even though it's decided to pony up. that's one expensive step and it won't do much to help the company keep its finances in shape. i'd love to see where the original research on that came from and how exactly it's illustrated, andrew. we don't have time for that on the show. >> that's a great point. i like that headline, bum deal indeed. if you want to comment on that or any stories you've seen on the show, get in touch with the whole team on our facebook page, go to facebook.com/wbt. let us know your thoughts. that's it for this edition of "world business today." charles and i will be back with the later edition, of course. i'm charles hodson in london. you're watching cnn, the world's leader. good-bye for now. let me tell you about a very important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement insurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare, call now to find out how an aarp... medicare supplement insurance plan, insured by unitedhealthcare insurance company, helps cover some of the medical expenses... not paid by medicare part b. that can save you from paying up to thousands of dollars... out of your own pocket. these are the only medicare supplement insurance plans... exclusively endorsed by aarp. when you call now, you'll get this free information kit... with all you need to enroll. put their trust in aarp medicare supplement insurance. plus you'll get this free guide to understanding medicare. the prices are competitive. i can keep my own doctor. and i don't need a referral to see a specialist. call now to get a free information kit. plus you'll get this free guide to understanding medicare. and the advantages don't end there. choose from a range of medicare supplement plans... that are all competitively priced. we have a plan for almost everyone, so you can find one that fits your needs and budget. with all medicare supplement plans, there are virtually no claim forms to fill out. plus you can keep your own doctor and hospital that accepts medicare. and best of all, these plans are... the only medicare supplement plans endorsed by aarp. when they told me these plans were endorsed by aarp... i had only one thing to say... sign me up. call the number on your screen now... and find out about an aarp medicare supplement insurance plan. you'll get this free information kit... and guide to understanding medicare, to help you choose the plan that's right for you. as with all medicare supplement plans, you can keep your own doctor and hospital that accepts medicare, get help paying for what medicare doesn't... and save up to thousands of dollars. call this toll-free number now.
Related Keywords
Storm , Schools , U S , Oman , Explosives , China S , Path , Pentagon , U S Capitol , Officials , Attorneys Begin Closing Arguments Today , Amanda Knox , World Business Today , Student , Meredith Kircher , The American , Charles Hodson , Cnn , Cnn London , Vote , Chancellor Merkel , Hong Kong , Euro , German , Andrew Stevens , Stories , Rescue Package , Eu , September 29th , Thursday September 29th , 29 , People , Parliament , Kindle Fire Set The Tablet Market Ablaze , Politicians , Cuts , Cmc Markets , Markets , Bit , Hang Seng Index , Change , Asian , Winds , Trading , Typhoon Nesat , Result , Driving Rain , Reason , Lives , 34 , Way , Businesses , Rest , Region , Philippines , Stock Exchange , Warning , Closure , Weather , 350 , Course , Standout , Picture , Electronics , Business As Usual , Kospi In Seoul , 2 7 , Gains , Hit , S P , Nikkei , Winners , Commodity , Stocks , Sydney , 1 , 0 75 , Companies , Europe , Yen , There Aren T , Boost , Preempt Jennifer Delgado , Sony , Toyota , Things , Pointing , Strength , Meteorologist , The Open , Trading Day , Four , 64 , Ftse , Xetra Dax , Paris Cac , Losses , Smi , 4 , 0 5 , 0 25 , Nokia , Share Price , The End , Finland , 2012 , 3500 , Star , Descendant , Helsinki , Absolutely , 1 3 , One , Table , Turnaround , Share Price Cut , Investors Don T , Indices , 23 , Three , Euro Zone , Spotlight , Hit Yesterday , Falls , Dow , Tech Stocks , 1 6 , A , News , Futures , Dow Up By , Opening , Five , 2 , 0 , Same , Let , Shape , Investors , Attention , Pressure , Europe Onunion , Government , Athens , Finances , Audit , Austerity Plans , Greece , Implementation , Imf , Inspectors , Let S Go , Fred Plightgen Is Standing , Money , Opposition Parties , Favor , Nobody , European Financial Stability Fund , Coalition , Measure , Liberal Democrats , Deed , Big Question Sin , Majority , Christian Democrats , World , Countries , Leaders , Leader , Capacity , Angela America Toll , Point , Votes , Role , Pap , Faction , 17 , 18 , Fact , Isn T , Debate , Sense Politicians , What S Going On , Aisles , Flavor , Terms , European Politics , Responsibility , Standing , Yes , Market Reaction , Fred Pleitgen , Assumption , Politics , Opposition Votes , Ankle , Part , Opposition , Drag , Skeptics , Something , Democrats , Haven T , Cold , Spd , Arrangement , Liability , Length , Grand Coalition , Legislature , Social Democrats , Elections , Opposition Party , Country , Strain , Party , Nothing , Election Results , Berlin , 1 8 , Measures , Leadership , Lame Duck Government , America Toll , Thanks , Key Vote , Lot Riding , Discussion , Bailout , Troika , Central Bank , Greek , Meeting , Outcome , European Commission , The Troika , To Athens , John Defterios , Two , Work , Euro Zone Finance Ministers , Installment , Package , Draft , Near Term , Payment , Hurdles , Agreement , Negotiation , Gap , July 21st , 21 , 10 Billion , 2014 , 2013 , 0 Billion , 201 , 10 Billion Euros , Prime Minister , Meet , Point Forward , 9th Installments , 8th , Poppis , 7th , 8 , 9 , 7 , Decision , Comment , Tone , Austerity Drive , Game , Comments , Name , Spike , Headlines , Unemployment Rate , Austerity Measures , Activity Contract , Wake , Impact , Gr K Greek , Gifs A Sense , Sense , Take A Look , Report , Numbers , Workers , Institute , Labor , Projections , 16 3 , Hospital , Administrators , Increase , Example , 10 , Ten , 26 , Budget , Cut , 20 , 200 Million , 90 Million , 90 Million Euros , 200 Million Euros , State Workers , Sector , Arms , Contention , Bone , Pension Payments , Salaries , Aren T , Ground , Estate , Reality , Departments , Pipeline , 30000 , Pension Cut , State Salaries , Retirement Age , 40 , Rallies , Property Tax , Square , Hotel Balcony , Finance Ministry , Won T Pay Movement , Spending , 100 , 2011 , Pay Cut , Jobs , Account , Income , Tax Authorities , Space , 800000 , Some , Austerity , Amount , Bureaucracy , Gross , Spain , Age , Red Tape , Tax Cheaters , Ipad , Amazon , Answer , Tablet Computer Market , Insurance Card , New Kid On The Block , Doesn T Cover Everything , Medicare , Aarp , B Expenses , 65 , 80 , Plans , Dollars , Medicare Supplement , Expenses , Pocket , Insurance Company , Medicare Supplement Insurance Plan , Unitedhealthcare , Medicare Part B , Kit , Guide , Information , Trust , Aarp Medicare Supplement Insurance , Prices , Doctor , Specialist , Orange , Advantages , Referral , Plan , Everyone , Claim , Needs , Thing , Wall , Number , Screen , Aarp Medicare Supplement Insurance Plan , Help , What Medicare Doesn T , Jaws , Tech Journalists , Transit Wireless , Tablet , Price , Cost , Jeff Bezos , Market Leader , Kindle Fire Company , 99 , 199 , Media , Performance , Michael Guytonburg , Platform , None , Maggie Lake , Tablet Market , Device , Constant Consumption , Kindle , 499 , Someone , Everything , Communication , Audience , Memory , Bluetooth , Features , Tablet Won T , Stores , Key , Services , Borders , Samsung , Models , Bunch , November 15th , 15 , Apple , Australia , Sale , Galaxy , Delay , Release , Pattern Battle Over Whether Samsung , 10 1 , Apple S , Battle , Ipads , Designs , Products , Iphones , Judge , Netherlands , Continents , It S Time , Tab , Paula Hancocks , Six , Reporter , Battles , Marketing , Competitor , Target , Shelves , Samsung Galaxy Tab 10 1 , Design Patents , Technology Patents , Size , Newering , Analysts , Shows , Version , Exhibition , Court Injunction , Knockout , Blow , Translator , Technology , Patents , Aprille , Lawsuit , Hand , Pat Enthe , Technology Patents Adesign , Parts , Supplier , Apple Doesn T , Is , Disputes , Reliance , Pat , Eneent , Jostling , Abating , Position , Sign , Progress , More , Shops , Hong Kong Water Front , Pictures , Sky , Banks , Stock Exchanges , Bars , Business , Sin , Trade , Restaurants , Damage , Weather Center , Meteorologist Jen Delgado , 300 , Typhoon , North , West , Movies , Heinen Island , Lot , Difference , Images , Victoria Harbor , Circulation , Graphic , Center , End , Atlantic , 120 , Rainfall , Areas , Vietnam , Landfall , Hainan Island , Satellite Imagery , Trains , Squalls , Lining , Coast , Remainder , Evening , 43 , Regions , Water , Wood , Video , Haikou , Boats , Surf , 25 , Out Of The Woods , Flooding , Problems , Bad News , Luzon , Foonz , Front , Economy , General Electric , Planning , Bottom Line , Cnn Hon , Stock Markets , 93 , The One , 0 2 , Michael Houston , Studio , Magic Number , Opposition Politicians , 311 , Default , Question , Sum , Thought , Mind , European Sovereign Debt Crisis , Tranche , Guidance , Out Of Athens , Issues , Taxpayer Euros , Uncertainty , Finance Minister , Job , Debt , Denial , Bundestag , Hands , Fatigue , Economy Contracting , Asia Today , Typhoon Warning , Performer , Samsung Electronics , Shanghai , Ooft , Everywhere , Lows , Bag , 2365 , 14 , 2365 Charles , Investment Community , Stock Futures , New York , Pau , Wednesday , Investments , Alison Kosik Reports , Rally , Wall Street , Ott Mix Into Pessimism , Shares , Sentiment , Runup , Officials Aren T Acting , Gain , Goods Orders , Goods , Flower , Morgan Stanley , Bank Of America , Citigroup , Jp Morgan , Ticket Items , 3 , 6 , Components , Manufacturing Sector , Cars , Refrigerators , Demand , Bad , Snapshot , Economists , Data Due Out Thursday , Rate , Equipment , Gdp , Wrap , 1 2 , Law , Effect , Zimbabwe , Black , Democrat Zimbabwens , Alison Kosik , Zwick , Insurance , Card , 1 Million , Exchange Rate , Pound Bank Note , Auction , 6 Million , 1 6 Million , August 19th , 0000 , 80000 , August 19th 1948 , 1948 , 50000 , 19 , 3 Million , A Million , Fears , Remicommen Ramy Inocencio , Details , Story , Beacon , Millions , Up To , Revenue , Jeffrey Immelt , Money Making , Divisions , Gas Turbines , Jet Engines , Like , Aviation , Investment , Health Care , 2010 , 5 Billion , 6 Billion , The Company , Seed Money , Form , Challenge , Ge Eco Maginatino , Coca Cola , Populous , 4 Billion , Market , Coke , News Agencies , Operations , Green , Reports , Russia , Most , Emerging , Remy , North Korea , Subway Operator , Subway Crash , Power Failure , Shanghai Metro , Controllers , Signaling , Collision , Chairman , Procedures , Power Shortage , Human Error , Africa , Filing Divestiture Plans , Investigation , Black Zimbabwens , Majority Stake , Firms , Hundreds , Farms , Blacks , Force , 2000 , Crisis , Majority Shares , Empowerment Drive , Locals , Global Insurer , Assets , Laws , Licenses , Regulations , Roses , Rules , Old Mutual , Structures , Stake , Mining , Profit , Modernizing , Shoulder , Upgrading , Zimbabwen Assets , Term , Suffering , Outlook , Slowdown , Shoemaker , Reebok Butts Out , Johannesburg , Makeup , Breakouts , Flurry , Skin Clearing Makeup , Sales , Lift , Powder , Neutrogena , Blemish Fighting Formula , Cosmetics , Silky Gorgeous Makeup , Beautiful Flawless Look , Grip , Medicine , Odor , Aspercreme , Gold , Shade , Welcome Back , 630 , 41 10 , 1630 Welcome , 1630 , 4 3 Million , Subways , Mobile Phone Service , City , Spp Adrianna Howser , Subway Stations , Stations , Subway System , Waiting For A Train , At T , Customers , Time , Emergency Service , Calls , E Mails , Text Messages , T Mobile , 911 , Safety , Compliment , In The City , Negotiations , Service , Object Sieve , 2016 , 271 , 30 , Carriers , Initiative , Charge , Financing , Place , 2007 , Project , Transient Wireless , Metropolitan Transit Authority , 00 Million , Convenience , Wireless Coverage Underground , Cities , San Francisco , Washington D C , Boston , Fan , Everybody , Checking E Mail , Bus , Step , Commute , Cell Phone Working , E Mail , Subway , Emergency Situations , Direction , Text , Producer , Conversations , Look , Exception , Others , 0 3 , In Asia , Market Perception , Chancellor , World Markets Closed , Nikkei Up , Young , Samsung Driving , Kospi , Isn T There , Territory , Distance , Shoes , Customer Refunds , Money Reebok International , 25 Million , 5 Million , Reebok , Legs , Claims , Wearer , U S Federal Trade Commission , 11 , Court , Trainers , Buttocks , Quote , Words , 28 , Research , Show , Bum Deal , Team , Page , Facebook , Eedition , Thoughts , The World , Phone Call , Medicare Card , Murray Didn T , Michael Jackson , Tens Of Thousands , At Cnn , Speech , Zain Vergee , Addicted To Demerol , Dr , Defense Lawyers , Visits , Personal Assistant , Dermatologist , Homes , Conrad Murray , 33 ,
comparemela.com © 2020. All Rights Reserved.