Indicators. And friday, existing home sales. As for earnings central, watch for reports today from cocacola, medtronic, more weejance cruise lines and others. Then this afternoon, were going to hear from Companies Like herbalife. Ahead of all that activity, lets take a look. Its a mixed bag, plus or minus the flat line either way. Scott, it is a short week, but it is a busy one. Europes activist is reportedly in advanced talks to acquire forest laboratories. Forest value the it up to 25 billion. That stock is up about 18 . And the deal could be announced as early as today. Mine while, hp executives reportedly knew about autonomys Accounting Practices months before a whistleblower flagged them. Youll remember hp said it was a victim for having paid 11. 1 billion for buying autonomy in 2011. But it was accused of overstating revenues before it was sold. They said a report was provided to hp after it bought the british softwaremaker. Hp shares, mean wile, at the close of trading on friday
And wendys. All of them reporting before the bell. After the bell, we get gap, monster beverage, salesforce. Com, splunk, and deckers. Lets get over to andrew with more of todays top stories. And andrew, good morning. Good morning, becky. Were watching shares of jcpenney. The stock spiking afterhours. The trouble retailer reported a loss of 68 Cents Per Share for the Fourth Quarter. That was smaller than expected. Revenue also missing, but heres the good news. The retailer is upping its samestore sales and Gross Profit Margin forecast for the year and youll want to keep your eyes on that. Jcp shares are down more than 30 so far this year. Well be talking more about jcpenney with dana telsey at 7 30 eastern time. Tesla raising cash to expand into the future. The company will be rolling out plans to build a factory and develop what its calling its gen3 mass market vehicle. It plans to build its gigafactory in arizona or texas. The Company Expects the company to run at about full capacity
Analytics reporting bargain hungry shoppers bought less. Sales fell by mid single digit percentage at brick and Mortar Stores on friday and saturday. That compares to the same days last year. But, heres the important part, it does not include online sales which of course have been the story of the season. Wellknown industry analyst dana telsey will join us with her thoughts later this morning. In the meantime, Steve Weissman has the headlines. Apple announced it has signed a longawaited agreement with china mobile to sell iphones to the worlds mobile phone users. It could add billions of dollars to apples revenue. It will start january 17th. China mobile will begin preorders on wednesday. Eunice yoon will join us. Tiffany must pay swatch 449 million in damages over a failed joint venture to produce and market watches. Tiffany is cutting its full year profit outlook. Boeings unionized machinist workers will vote january 3rd on the latest contract. Where boeing makes the 777 voted two to
This is n. B. R. Susie good evening everyone. Im susie gharib. Tom hudson will be along a little later in the program. Hohum sales for the nations retailers this christmas, ringing up the worst Holiday Season in four years, we talk with a top retail analyst. President obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. They have five days to make a deal. And housing continues to be the bright spot in the u. S. Economy home prices post their biggest advance in two years. That and more tonight on n. B. R. christmas may be over, but the Holiday Shopping season continues. Many consumers hit the malls today to return gifts and buy what they really wanted. And this is the time many gift cards get redeemed. But for retailers, holiday sales so far have been a flop. Sales in the two months leading up to christmas, rose just 0. 7 , according to Mastercard Advisors that tracks the numbers. Thats way below what the Retail Industry was predicting. Erik
Economic arena. I always forget that he actually worked years ago. Then we have steve forbes, the grand master of todays ceremonies. Then we have bill ford. Well talk about the Automotive Industry, maybe ask him a question about tesla or two but really try to understand what manufacturing means in this country. And then the governor of north dakota, now, the governor of north Dakota North Dakota has the lowest Unemployment Rate in this country. Were going to talk about shale, natural gas, what all of that means, innovative and manufacturing and finally, the big issue of the morning, education, and we have cheryl hyman, the chancellor of the city or rather the Chicago City College here and what theyre doing with education and teaming up with companies and what theyre doing to create jobs. Thats what we have going on right here in chicago at the forbes reinventing America Summit. And im going to send it in the meantime back to you, becky. I knew what happened there. I was confused, too.