Buyers into the hands of land boards. Will the tighter requirements make them safer . All that and more tonight on nightly Business Report for tuesday, july 9th. Good evening everyone. A new chapter for barnes noble today but how that story plays out is still unwritten. Investors are betting on a happy ending pushing up by 5 today. They were reacting on news the ceo is out and the possibility the big retailer might break up and spin off the nook division. They out lived brick and mortar competitors like borders and walden books. What is next for the chain and can it survive . Reporter three years ago, barnes noble made a bet on its nook e reader bring income a new ceo William Lynch to ignite the business. But the nook never caught fire losing 475 million last year and now william lidge is the former ceo of barns and noble. And the companys problems are bigger than just the nook division. Sales did drop 34 in the most recent quarter, but sales in the physical stores and website also dec
Be tried in this case. Shocking case that it is. Mother of a girl who was brutally gang raped at her High School Dance in 2009 wept. Packed courtroom today. Heres laura. This is clearly justice. Reporter Contra Costa County Prosecutor Says the guilty verdict against 2 of the main players in the richmond gang rape case reflect brutality of the crime. Some of the details are not really suitable for your our audience but if you were dragged without the clothing on across 200 feet of pavement while kicked and beaten you can imagine some of the injuries she suffered. Guilty of the crime of forcible act of sexual penetration. Reporter 20yearold mark peter and 22yearold jose montan toy 0found guilty of 3 felony counts Forcible Rape sexual penetration and forcible oral cop you las vegas in concert with one enhancement for great bodily injury. The victim was 16yearold girl who left a richmond High School Dance early on the night of october 24th. 2009. She started drink with a group of teens and
Allstar la allstar lineup of our own. Bob kraft of the patriots. The star Quarterback Tom Brady, Jonathan Tish and Woody Johnson. And the nfls commissioner Roger Goodell and the show will be building all morning to our newsmaker of the day, cbs president and Ceo Les Moonves, very interesting to hear from him, particularly after this news of settling with time warner. It is a pretty big lineup this morning. We have Corporate News this morning to talk about. Bank of america is selling its remaining stake in china construction bank. It did that for 1. 5 billion. B of a ending the 8yearold investment and making a lot of money in the process. Generated a paper profit more than five times the original cost. Also in the news this morning, jpmorgan and two former bear stearns managers have won the dismissal of a lawsuit. Bank of america had accused them of causing heavy losses by lying in a desperate bid to prop up with failed hedge funds. We have a lot of wall street legal news. Jpmorgan agre
Our intelligence when it came to combating terrorism. What i can say with confidence is that when it comes to our domestic operations, the concerns that people have back home in the United States of america, that we do not surveil the American People or people within the United States, that there are a lot of checks and balances in place designed to avoid a surveillance state. There have been times where the procedures, because these are human endeavors, have not worked the way they should, and we had to tighten them up. And i think there are legitimate questions that have been raised about the fact that as Technology Advances and capabilities grow, it may be that the laws that are currently in place are not sufficient to guard against the dangers of us being able to track so much. When it comes to intelligence gathering internationally, our focus is on counter terrorism, weapons of mass destruction, cyber security, Core National security interests of the United States. But what is tru
Rain, San Franciscos department of public works this morning rushed to release sandbags to residents. The city stockpile several hundred bags for distribution. Given out approximately 200 sandbags so far. Clearing catch basins and the areas flowing leaves. Weve had a couple of minor incidents with trees coming down. The skies cleared by midday leaving behind flooding that prompted the park service to close the highway. This mans car died moments after he drove through the intersection. I went through the puddle and, a car just stalled. I guess the water just went into the hood. Fear of flooding is strongest in the citys mission district. Heavy rain in april flooded an Apartment Building including a restaurant. The water wants to pool here. This used to be a lagoon. When we have that coupled with high tides the rain has nowhere to go. Whether School Workers is tying to secure the site. It took two days of phone calls. Sandbags could be picked up in the agencies operation yard. Proof of