Whisking workers from San Francisco to silicon valley. Now google is trying a ferry across the bay. Does this mean more competition . And an investment that has paid off big time for the once team company. Buying the movie filomena. Now it is a Box Office Hit with three golden globe nods. Has been changing tv viewing habits and companies are trying to change with it. They have been showing off what they think is the future of television at the Consumer Electronics show this week. You have cable and Satellite Companies trying to innovate to keep subscribers. Time warner cable announced it lost 215 thousand video subscribers in the last quarter. Dish, on the other hand, just unveiled the latest expanded set dvr. Oxes for its you can record eight shows at the same time and watch four of them simultaneously. All of this without having cable. You could even record shows using google glass. I want to get to Jon Erlichman who is live from las vegas at ces. Tell me about these new dish feature
The s p added 6 points. Gold lost 5 moving back below 13hundred dollars an ounce and oil gained 29 cents. In earnings after hours, the Container Store missed, while herbalife came in better than expected. Another drop in debt. The u. S. Treasury expects to pay off 78 billion of debt in the third quarter, thats almost double to the earlier projection of 40 billion. And, reuters reports allergan is targeting Biotech Company shire in a potential takeover attempt. Trader todd horwitz of average joe options. Com joins us to prepare the way for this trading day. Good morning to you. Good morning angie. We have the fed ahead this week. What are you anticipating . Any change in rates . Any change in policy . I dont think there will be much change at all. I think that theyll continue the course knowing that they will backstop the market at any chance they can. As we saw the action on monday, we saw the market way down and i think that somebody probably got a whiff that the fed would do somethin
Chips to Technology Stocks grabbed investors attention. All that and more tonight on nightly Business Report for monday, april 28th. Good evening, everyone. 100 billion. Thats what pfizer is offering to pay for astrazeneca. This is the Second Time Around pfizer is pushing for a deal with its british rival. Investors are cheering. Sending the dow soaring. Shares of pfizer shot up more than 4 by far the biggest gainer in the dow and astrazeneca jumped 12 . While the pharmaceutical deal may be huge its not a done deal. Astrazeneca has already rejected the offer and an earlier approach from pfizer saying the 100 billion cash and stock offer is too low and that it undervalues the company. We took a look at what combining these two companies mean to the pharmaceutical industry and whats at stake for pfizer and astrazeneca. Its the kind of deal that doesnt come around too often. 14 years ago pfizer paid 85 billion to buy warner lambert. That was the Biggest Health care combination ever. And s
However, this morning, futures are indicated lower once again. Dow futures down by about 20 points below fair value, nasdaq down by 5. 5 points. Keep an eye on treasuries today. There is an auction of 21 billion in reopened tenyear notes at 1 00 p. M. Eastern time. Traders note that the sale comes after a recommendively weak threeyear note auction. Hsbc says the dream run in u. S. Stocks is set to end. In a report today, the bank says that the fed cutting asset purchases and the market setting to cut rates will present a turn for equities. Hsbc is forecasting it will rise just 4 this year to 1900. We have got Corporate News this morning. The Parent Company of chuck e. Cheese is reportedly looking for buyers. Also this morning, facebook buying a start up that builds Performance Analysis and monitoring tools for the mobile android applications, apps witness as theyre known. The india based company is called little ilab. Reports suggest the price is also tiny, less than 15 million. Micron
Chips to Technology Stocks grabbed investors attention. All that and more tonight on nightly Business Report for monday, april 28th. Good evening, everyone. 100 billion. Thats what pfizer is offering to pay for astrazeneca. This is the Second Time Around pfizer is pushing for a deal with its british rival. Investors are cheering. Sending the dow soaring. Shares of pfizer shot up more than 4 by far the biggest gainer in the dow and astrazeneca jumped 12 . While the pharmaceutical deal may be huge its not a done deal. Astrazeneca has already rejected the offer and an earlier approach from pfizer saying the 100 billion cash and stock offer is too low and that it undervalues the company. We took a look at what combining these two companies mean to the pharmaceutical industry and whats at stake for pfizer and astrazeneca. Its the kind of deal that doesnt come around too often. 14 years ago pfizer paid 85 billion to buy warner lambert. That was the Biggest Health care combination ever. And s