Online marketplace. Blackstone and wells fargo nearing a deal to buy general electrics real estate holdings. Blackstone has built the Largest Global Real Estate Investing business seeing 81 billion as of last year. For ge, the strategy of unloading assets, ge shares rose on the news. Irans Supreme Leader has refrained from endorsing the framework of the deal last week. The ayatollah said he was neither for nor against the deal. The ayatollah did insist sanctions be lifted as part of any final agreement. California regulators ordering the states largest utility, pg e, to pay 1. 6 billion for failures under the National Gas Pipeline explosion that killed a bunch of people in 2010. Is the largest in history. More than 2400 safety violations in the decade leading up to that san bruno blast. The Company Faces a billion dollars in potential federal criminal fines. And global pc sales are falling again. They fell 5. 2 in the first order quarter. The decline as corporate budgets are cut and co
Electrics real estate holdings. Blackstone has built the Largest Global Real Estate Investing business, overseeing 81 billion as of last year. For ge, the strategy of unloading assets, ge shares rose on the news. Irans Supreme Leader has refrained from endorsing the framework of the deal last week. The ayatollah said he was neither for nor against the deal. The ayatollah did insist sanctions be lifted as part of any final agreement. California regulators ordering the states largest utility, pg e, to pay 1. 6 billion for failures under the National Gas Pipeline explosion that killed a bunch of people in 2010. Is the largest in history. More than 2400 safety violations in the decade leading up to that san bruno blast. The Company Faces a billion dollars in potential federal criminal fines. And global pc sales are falling again. They fell 5. 2 in the first quarter. The decline as corporate budgets are cut and consumers are facing an increasingly valued smartphones and tablets. Management
For lease. Indian inflation shoots up in july thanks to higher food costs and the softer rupee making the job a stimulating for growth all that much harder. And 120 people are dead and 5,000 injured as police crack down on supporters of the post president Mohamed Morsi turns violent. Welcome to a brandnew edition of worldwide exchange. Very busy day for these european markets. We get Second Quarter gdp, but also the boe mpc minutes and uk jobless numbers. The eurozone economy is expected to emerge from recession in the Second Quarter. Thats according to estimates of the flash gdp figure to just about an hour from now. The 17 asian bloc is forecast to grow by 0. 2 , ending six straight quarters of contractions. Now, the gains have really been driven by europes largest economy, germany, which posted this very robust 0. 7 jump in gdp from the previous quarter. This is the largest expansion in more than a year, which came in just above forecasts of 0. 6 . I also want to show you, just a co
Hes not bothered by the 25 drop in the companys share price. People try to really read the tea leaves, even though theres not enough information to make conclusions. And then they go and get exuberance and depressed. As Warren Buffett said, the market is like dealing with a manicdepressive. Youre watching worldwide exchange. Bringing you Business News from around the globe. Hello, everyone. If youre just tuning in, thank you so much for joining us on the show. Well give you a quick check of how futures are faring ahead of the market open this monday morning. We are looking at a mixed measure. Take fair value, the s p 500 is actually seen down by 0. 80 . The dow and nasdaq seen slightly higher. This is after the s p and the dow hit another record. For the s p, it was the sixth record close in seven sessions. Can you believe it . But, at the same time, the volatility or the fear gauge fell below 11 for the First Time Since 2007. Well talk about that later in the show. Meantime, to europe
"Happy retirement, Jim!" - A stunning digital tribute to outgoing PlayStation bigwig Jim Ryan is now available for those who wish to celebrate the suit s leg.