Eastern time, italian unemployment 37year high and more signs of euro zone reflation. Shopper trak out with the first wide scale read on the Holiday Shopping season and its a mixed picture for november and december, instore foot traffic at the nations retailers fell 14. 6 compared to the year prior but instore sales grew at 2. 7 . Slightly hopper than what shoppertrak had forecast. The main reason for the traffic plunge they say is that. Shoers are making fewer store visits than in the past because most window shopping and browsing is done online ahead of time, so the shoppers that are making the Shopping Trips are going with intended purchases in mind. Black friday was indeed the strongest day for brick and mortar retailers both for sales and traffic. Then there was a large lull until the lastminute panic kicked in. The week ending december 28th accounted for four of the top ten sales and traffic days for the entire Holiday Season. When it comes to categories shoppertrak says electron
Shareholders. The network equipmentmaker says its going to hand 3 billion back to investors after a strong First Quarter. Its also unveiled a new ceo. Youre watching worldwide exchange, bringing you Business News from around the globe. And a warm welcome to todays edition of worldwide exchange. Well kick off with more earnings and the oil sector as wel well. Bp upped its dividend for the first time in six months despite the impact of the crisis in ukraine and on its business. The results come less than a day after the ceo of bps russian partn partner, rosneft was issued sanctions. Sales to europe were up 15 last year. Russias top natural gas producer says any expansion of western Bank Sanctions could lead to adverse consequences and shares in the company. The kremlin meanwhile denounced a decision by the eu and u. S. To ramp up sanctions. Seven individuals targeted by the white house. 17 companies have also been hit. And within the last hour, the eu has followed the states and expanded
Manufacturing activity earnings will be up before the bell. It is starting to taper off. We have charter this morning and then a Buffalo Wild Wings and herbalife. And commodities futures advance. Some of this as at global being discussed. It was a difficult friday. The euro strengthens a little bit. Crude is going nowhere. Fix vix. The ruble is stronger. If headlines are out of manila i would noteour. That the 30 year bond is lower yield and higher bond price. The difference between the tenure in the 30 year yield is getting compressed. It is showing that curve. Lets get to the front page. We dont know where to start. Giant deal. Pfizer is proposing to build for 99 billion dollars. They offered this back in january but they rejected it. The price moves. Lets go to the terminal. Here with astrazeneca. You can see the mediocrity for three or four years, going nowhere. This is the popup. My question is, is this because of mediocrity at pfizer and astrazeneca . They are showing no sales gr
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 since the recession theres b
And look at confirmation of the feds decision to taper its Bond Buying Program. Hello. A warm welcome to todays edition of on worldwide exchange. Theres some 50 ipo ons that are going to list in china this month as the end of beijings freeze on the offerings comes to an end. At 10 45 cet, persimmon announces a 28 jump in full year revenue. Are the policies of the British Government constructing a profitability 2014 for the nations House Builders. And a very happy birthday to king jong un, or is it . Well be joined by a guest who says it doesnt matter what the north korean Supreme Leader was born. China is looking at new ways to control the situation. Finally, will investors be raising a glass to conat the lagz brands . Well be joined by an analyst who says we should expect another strong set of numbers from the company. If you have any sorts of comments, email us, worldwide cnbc. Com is the address. First, u. S. Treasury secretary jack lew is continuing his European Tour with a stop in