Auto maker by globalizing models, cutting costs, boosting technology. It is unclear if he will play some role in the self driving car program. Yahoo will return cash to shareholders when it sells stake in alibaba. They will use at least half of any proceeds from the sale to fund the project. Yahoo reported Quarterly Earnings showing the Company Still struggling to deliver growth while contending with popular rivals. They will sell 148 million shares down from the originally planned 208 million. Now to the lead story of the day, apple and ibm burying their past rivalry. They will develop apps for the apple iphone and ipad tailored to work with ibm Data Analytics and cloud services. Ibm will sell apple products directly to business clients and apple in turn offers apps support. This will help them expand into the enterprise market. Helping them stay relevant in an increasingly mobile environment. Im a to bring in bloomberg west editoratlarge cory johnson and Senior Analyst from jmp secur
Century foxx is in a position to offer. Murdoch is reportedly willing to raise the offer higher than 85 a share if time warner opens its books and starts talking. Mergerld this potential change media as we know it . Cory johnson with me here in the studio and in l. A. , our senior west coast correspondent, jon erlichman. What is 21st century foxx and today . Time warner inc. Like these are largely televisionrelated businesses. They both obviously have film operations but this is largely a play on the future of television. If you look at where is foxx sits. Dealsve two massive taking place. Time warner cable being swallowed up by comcast. We constantly talk about what for the channels, what kind of leverage they will have in the negotiations when they are trying to squeeze more fees out of the cable company. If you look at some of the things foxx has been doing, trying to boost the value of their own brand. This would be the extension of that. Hbo, turner, some of the big brands that ti
Ceo john donahoe called the corridor challenging. They showedow ecommerce search results weighing on the business, but the paypal unit showing solid growth. Pay 450s agreed to Million Dollars to settle allegations that it conspired to fix ebook prices. The trial between them and 33 attorney generals was going to start this month. Tole just paired with ibm improve enterprise business. To our lead story of the day, Rupert Murdoch looking for a new piece to his media empire and hes hoping time warner is the perfect fit. The warner has rejected initial bid and murdoch is said to be willing to pay more to get cnn, turner,hbo, and more. It was first brought to the attention by murdochs deputy over lunch last month in new york. A numberncerned about of factors including succession plans, the fox share structure, and the future of cnn. I want to bring in senior west coast correspondent Jon Erlichman with us from l. A. Thise been reporting on all day long. What is the latest on what we know now
Ecommerce search results weighing on the business, but the paypal unit showing solid growth. Apple has agreed to pay 450 Million Dollars to settle allegations that it conspired to fix ebook prices. The trial between them and 33 attorney generals was going to start this month. Apple just paired with ibm to improve enterprise business. To our lead story of the day, Rupert Murdoch looking for a new piece to his media empire and hes hoping time warner is the perfect fit. Time warner has rejected the initial bid and murdoch is said to be willing to pay more to get the owner of hbo, cnn, turner, and more. It was first brought to the attention by murdochs deputy over lunch last month in new york. He was concerned about a number of factors including succession plans, the fox share structure, and the future of cnn. I want to bring in senior west coast correspondent Jon Erlichman with us from l. A. Youve been reporting on this all day long. What is the latest on what we know now . Well, look at
Murdoch is said to be willing to pay more in order to get the owner of hbo and all that stuff. People familiar with the matter say he was concerned when a number of factors, including lambs and foxs share structure and the future of cnn. Them andng spoke with a reporter jeff mccracken. He was previously a managing director at time warner investments where he worked with various operating groups, including aol, hbo, time warner, all those. We started by asking what he thinks of the proposed deal. I think this means this makes a lot of sense for fox. What he has them is a shed a core assets. For fox it makes sense because they are buying a crown jewel asset. For time warner i can see why they created a lot of values. They are pushing back on a deal at this point. You have been reporting on this from the beginning. You know how this started to come together. Give us details. It all starts with a friendly lunch in new york. Jeff bewkes gets together with jay scarry and chase drops the idea