Visited bell labs. Named for alexander or graham bell, inventer of the telephone. The labs were created by at t. Theyre now owned by nokia, a Finnish Telecommunications company. We talked with bell labs president Marcus Weldon at the labs headquarters in new jersey. Host so, Marcus Weldon, where are we . Guest were at bell labs. The esteemed historical institution. But id like to say not just historical, in fact, very present and we like to think or very relevant to the future as well. Its an institution that has invented just about every technology, a system that led to lennox and thats what runs the internet. Your apple phone or your [inaudible] lasers that control the optics that do Long Distance communication, satellite communication, so we invented all of that and won a bunch of prizes for it. But we sort of consider ourselves the foundation of the internet. Host well, its 2017, who owns bell labs . Guest a Company Named nokia. That company you probably all remember from the 3310,
Gets a boost from u. S. Taxes and new drugs in the pipeline. The ceo says china is a major focus. China is getting much, much more important for us. In diagnostics its already the second most important market for us its still smaller on the farm suite cal side, theres no doubt the market is strongly growing. We scream for ice scream unilever sales beat expectations as the ice cream business returns to growth but the ceo says a mix of flavors from m a is needed to keep expansion from softening. We have a good cadence of developing our own brands. At the same time we compliment our portfolio. We are moving these businesses premium on a combination of organic, new brand launches, as well as m a activity just seeing some eurozone pmi manufacturing numbers coming out. They matched the forecast of 59. 6, down from 60. 6 for december the january manufacturing pmi numbers for the eurozone on the back of positive numbers out of other European Countries the dollar up slightly this morning to 1.
Plus, microsoft rolls out windows 10. How do they and to expand their empire . First, we are covering facebook shares falling as social Network Spending jumps with revenue up 39 to 4 billion, estimates. Betting big on mobile apps with 76 of ad revenue coming from mobile. User growth was slightly below estimates this quarter. Facebook reported daily active users hit 968 million, just under the 970 million that they affected. What is driving this spending spike . Joining me now, the manager at sprinkler, who helps brands like dell, zynga, designing your advertising strategy. We have got brand targeting and david kirkpatrick, the author of the facebook effect. first i want to bring in julie hyman, our senior markets correspondent who has been digging through the numbers. Everyone seems to zero again on the spending number and the fact that User Engagement seems to be relatively flat. Julie the effects that we have seen in afterhours trading is interesting. You can see it on the chart behi
Announcer this is nightly Business Report, with Tayyip Erdogan Tyler Mathisen and sue herera. The techadopted nasdaq pushes further into negative territory. United settles with a man dragged off its plane and takes more steps to try and improve its battered image. Drowning in debt. Americans owe a lot of money and the amount is growing fast. How much is too much . Those stories and more on nightly Business Report for thursday, april good evening, everyone, and welcome. The nasdaq closes at a record. And the way things shaped up late today, that indexs hot streak my only get hotter. Lets start with amazon, reporting strong quarterly results, blowing earnings estimates right out of the water. The Company Reported a sharp rise if profit even as it spent a lot expanding operations overseas. It earned 1. 48 a share, 36 cents better than what wall street was looking for. Revenue climbed from a year ago and also topped expectations. Investors liked what they saw, sending shares to a record in
One minute youre yelling at them to get off their loins and then theyre taking over the world. I like them back home and youre yelling at them. Thats what happened today. Dow dipping 24 points and s p dipping and there are changes underneath. They are about the millennials. What do i mean when i say the kids are taking over . Theres a group of consumers that simply dont behave like any other. Im talking about these millennials. Many of the people who run companies these days, they have not a clue what the Younger Generation is up to or what they think is right or how theyre different from their parents. These millennials frankly, might as well be aliens clever, tricky aliens who arent bound by any of the traditional ways most people believe. Even if you can think like the millennial, it may not matter because of structural issues that prevent you from making changes at your company to please them. You may see the train coming but you cant do anything about it if youre tied to the track