Alibaba gets ready for what may be a world record ipo. A look up to one of its earliest investors. A master storyteller. Conclusion of his trilogy he tells us about the business of being an author. It is wednesday in new york city. Nextlot to cover in the few hours. Lets take you to the top is in stores around the world. An activist investor wants to break up dupont. Criticized dupont for. Ailing to meet earnings it will meet with other shareholders to make its case. Eric holder wants bigger rewards for wall street whistleblowers. In a schedule today, holder is also expected to say that the fbi needs more agents in forensic accounting. The Justice Department has been criticized. Of the nfls biggest advertisers wants pro football to get its act together, thank you. It says it is not happy with the controversy. Andled mcdonalds has made a similar statement. The nfl says it is taking action and there will be more to come. Almost done. Is the Federal Reserve is likely to reduce bond buying
This comes after they raised another 1. 2 billion in a round led the fidelity and Clement Perkins and blackrock and others. Kleiner perkins, blackrock and others. Uber will use financing to expand its operations. Today marks the 30th anniversary of one of the most popular games ever. Tetris was designed by a russian scientist who worked in a soviet computer lab when he came up with a puzzle game. The game has millions of paid mobile downloads and is on 50 different platforms. To the lead story of the day, the fcc created creating internet fast lanes, netflix has no plans to back down and is fighting with verizon over internet speeds. Some say netflix will continue to display on screen messages and blaming internet providers for slowmoving videos. This comes after verizon sent netflix a cease and desist letter, demanding they stop displaying the message blaming arises Credit Network for the videos loading slowly. In verizon lawyer wrote there is no basis to assert that issues with respe
Month of may in seven years. What does that say about the state of americas of discovery . It may not be as clear cut as it may seem. Stay tuned to a special report behind those numbers. Love that story. Another botch by bank of america. This time sending the wrong data to regulators making its private stock Trading Platform look larger than it actually is. This error coming a month after making a mistake in its stress test numbers that. Resulted in the banks suspending a planned dividend hike. How does this happen . And who, if anyone at bank of america should be held accountable . Well take a closer look. Cut their Trading Volume literally in half, thats how much they overstate it had consistently. Heres a good reason not to be sleepless in seat. The city council passing that 15 minimum wage, making it the highest in the nation by far so who does this really affect . How many workers . How many businesses . The answers may surprise you. I always love saying, that the answers may surp
The Obama Administration plays up the economic comeback, but the majority of you are not feeling it. In fact, the latest fox news poll shows 74 of voters still feel like its a recession. Its important to note that is a value judgment, but it points up the contrast between what the administration is telling you, recovery, more jobs, more growth, and how it looks to you on the ground floor. Still in recession. Straight to obamacare, internal documents released by the administration reveal they knew just how deeply flawed obamacare was despite what they were telling us. Here are some quotes from those documents. First, problems with the website put the entire Health Insurance industry at risk. Quote, potentially leading to their default, thats Insurance Companies, and disrupting continued services and coverage to consumers. They went on to say if the problems are not fixed by mid march, those problems will result in financial harm to the government. Thats you, the taxpayer. Then theres th
Less housing for other residents. Good morning, im Erik Schatzker. Im stephanie ruhle. I have been out of the loop. It is time for me to get to the news, i have to get up to speed. I love talking 7. 7t the story, they spent billion dollars to buy the maker of jimmy dean sausages and ballpark hotdogs. It is another move by tyson to expand into highmargin branded show packaged foods. Merck will officially by the Pharmaceutical Company for nearly 4 billion. The valuation is three times higher than its current price on friday. They are working on a new treatment for hepatitis c. And craft raise the prices of coffee products. The increase was about 10 , citing gains in the green coffee market. The price of coffee has surged more than 55 this year, as brazils worst drought in five decades throws losses on the coffee crop. Dont believe every story you hear about how bad businesses on wall street. Down, it is hard to generate a handsome return. But investment inking is on time banking is on fi