Look to portugal, tenyear rocketed to 4 , was 358 friday as the european indexes there are firmly in the red. Road map begins with the sell off on the globe; jobless claims fall from a week ago, and european worries drag down equities in the u. S. Family dollar profits fall for the third time as Carl Quintanilla icahn continues to push for the sale of the company. Costco, sales flat in premarket despite same store sale numbers strong. Allergan fights back after the bid to take it over. Well hear from the ceo. Third time the charm for bank of america . Reportedly submitting another capital plan to the fed to raise its dividend. First up, though, look at the premarket once again. A number of things working against the bulls today. China exports did miss for june, 7. 2 , looked for above 10. Fed minutes yesterday show us that the tapers probably going to end in object. Portugal worries about banks. Gaza Ground Invasion looms still, and industrial output from france and italy, worst misses
Heats up. Now, the company has a new plan to win back all the breakfast dealers. And guilty plea, sac, one of the most profitable company, admits to wrongdoing and is set to pay a record fine. All that and more tonight on nightly Business Report today on monday, november 4th. Good evening, im tyler mathisen, it was not all that long ago that blackberry was the envy of the tech world, everybody wanted one of the ohsocool smartphones. But that was before apples iphones and smartphones and android, offering faster access to the internet. Shares saw modest gains and big names did consider buying the company. But now everything has changed. The company is not for sale anymore. Its ceo is on the way out and its biggest shareholder wants to pump a billion more cash into it. Shares fell no more than 16 today to a tenyear low. So can blackberry be saved. Josh lipton has the story. It is a dramatic fall from grace for a company that basically created the smartphone craze. Everyone had them at wo
Jumped a security fence at the airport. There is security video, but its not being released. Without oxygen, Officials Say they believe the teen was probably unconscious for most of that flight. He came to about an hour after landing, and then emerged from the wheel well. Besides the obvious questions about his survival, everyone is trying to learn more about the 15yearold himself. Ktvus debra villalon joins us live. Reporter ken, he and his family are of course intriguing to everyone, but theyre a bit of a mystery to their neighbors as well. We can show you the rented house, which he lives with his family and parents. They are described as very quiet, and private. No one we talked with knew where they moved from. The boys father drives a yellow cab during the day, which he parks in the garage at night, the girls mom is seen mostly taking them to and from school. It appears the boy has four siblings. Younger than him. And the fbi account that he ran away after an argument surprised one
Jose say they dont plan to file any charges against the 15 yearold boy. Investigators say early yesterday morning, the teen jumped a security fence at the airport. There is security video, but its not being released. Without oxygen, Officials Say they believe the teen was probably unconscious for most of that flight. He came to about an hour after landing, and then emerged from the wheel well. Besides the obvious questions about his survival, everyone is trying to learn more about the 15yearold himself. Ktvus debra villalon joins us live. Reporter ken, he and his family are of course intriguing to everyone, but theyre a bit of a mystery to their neighbors as well. We can show you the rented house, which he lives with his family and parents. They are described as very quiet, and private. No one we talked with knew where they moved from. The boys father drives a yellow cab during the day, which he parks in the garage at night, the girls mom is seen mostly taking them to and from school.
Anyone, i challenge you, do it. Ifill those are just some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by and by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and Financial Literacy in the 21st century. And with the ongoing support of these institutions and foundations. And. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Ifill billionaire investor steven cohen and his high profile hedge fund agreed today to a record plea deal for Insider Trading. S. A. C Capital Advisors will admit to criminal fraud and pay 1. 8 billion in fines and forfeitures. For federal prosecutors in new york, its the biggest catch yet in a longrunning investigation. Sometimes institutes need to be held accountable too. No institution should rest easy in the belief that it is too big to jail. That is