And more with julie hyman but lets get you to the top story that were following. Billionaire investor bill ackman whose firm is the target of a government investigation into possible manipulation of herbalife stocks that no one from his office has been questioned or subpoenaed as part of that probe. In an interview earlier he said that while a contractor has been questioned by the fbi or the department of justice no one no employee of his was involved. Ackman and his hedge fund have ways to more than twoyear campaign against herbal life saying it is a pyramid scheme. He said his statements have been backed up by research. We have not encouraged anyone to make false statements and it do not need to make a false statement about herbalife to be negative. The truth is what is powerful and the truth is the companys harming people. Mark peaceful protests resumed as the manhunt continues for the people who shot two police officers. They were wounded during a protest outside fergusons police s
Hermes, lets see if we got an opening price. They are going to pay a possible five euro special dividend. Their numbers actually beat. We will keep an eye on hermes. Down 1 . You are getting the special dividend of five euros, but the margins are what the market is focused on. They come a bit lower because of currency pressure. When it comes to those deals lets see how telefonica is opening. 10 billion pounds worth of a deal done. 9. 2 5 billion pounds will be paid to them. And another billion pounds in stock trades. A great deal of speculation is perhaps already in the price. That way profit bellway profits up and the dividend remains quite a bit ahead. Almost 25 over the estimate. If you are a shareholder, you are getting 25 pence, that is 25 better than the estimates. They are saying everything is going pretty dandy. Airbus is obviously the maker of the plane involved in the tragedy in the southwest of france. They also make an announcement that they are selling part of their holdin
Lenders. I think thats something that id like to talk a little bit about here today because members of our military have to resort to financing from these predatory lenders all too often. We know military Service Members are three times more likely than civilians to use predatory payday loans that charge exorbitant rates. Thats three times the civilians use. The military families carry 10,000 or more in Credit Card Debt compared to 16 for civilian frames. 10 of military families carry more than 20,000 in debt compared to just 7 of the civilian families, and more than half of military Service Members are not saving for the future and have trouble paying their monthly bills. Thats why this morning, i reintroduced my military savings act which is legislation i previously introduced in the house of representatives, and the bill would promote Savings Rates among military Service Members and decrease their need to turn to predatory payday lenders in times of financial crisis. The bill establ
And she would come in toting a straw bag in each hand filled with some of these things you see on her desk that she had taken home for signing or speech writing or Event Planning or whatever she was working on. Shed come in. Her desk was always very orderly. And as she worked on her desk with letters she was processing or things, when she completed things shed put them on the floor. She loved this office because she could look out at her alma mater and then a corridor through to the capital in the city she loved so much. We had three office staff at the time. We had a person who handled her calendar. We had a person who came from the white house as her press secretary who helped her work on speeches. And then i was in the office. By friday afternoon she was ready to leave and go to the ranch, which she really called home. And about 3 30 in the afternoon she would say do i have anything else to do . And if the answer was no she would say tell the secret service im ready to go. Watch our
Issue basically in france right now, 11 unemployment. Japan suffers the first negative effect of the sales tax hike in april. Retail sales in the country fell at their fastest pace in three years. Youre watching worldwide exchange. Bringing you Business News from around the globe. A warm welcome again to todays edition of worldwide exchange. Lets get to one of our top stories straight away. Apple is buying beats electronics for 3 billion to boost its music business. Streaming services encroach on itunes. Apple doesnt only gets beats streaming service and its market leading highend head phones but high profile talent. Beats cofounder jimmy ivin and dr. Dre, too. Now, apple expects the deal to close in its fiscal Fourth Quarter. Tim cook tweeted this photo, saying, sharing a laugh with jimmy and dre. Interestingly for apple here, what do you think of it . I think its an interesting move. Because over the sort of past 20 years apple has been very much seen as a product innovator. And this