Cyprus says the new agreement wiped out previous budgets. It is murder monday. At pharmaceutical group has agreed to buy another four billion dollars in cash. Valley and was stored in valeant was sorted from buying the maker of botox b. Announcement will be made later this afternoon. A change at the top of dish network. Charlie ergen is not going to be the ceo of dish at the end of march. He is replacing joe clayton who is retiring. They keep losing tens of thousands of subscribers while they are investing up to 50 billion in wireless airwaves. That is his next big bet. A pay cut for the ceo of british bank which has been hit by lower profits and a tax evasion scandal. It has been cut 5 . The 2014 earnings fell 17 . The bank is dealing with fallout from a report on how it handled swiss accounts for tax evaders and criminals. The oscars went to drumroll bird man. And 14 oscars last night including those for best picture and best director. Julian moore won the oscar for best actress for
Help employees, but it hurts their profits. There is a goal to retake the iraqi city of mosul. 20,00025,000 troops will be needed. U. S. Advisers will be training the iraqi brigade. The Cleveland Browns general manager has apologized for texting at least one browns coach during the game. Thats a violation of nfl rules about game communications. Cleveland could even be docked a draft pick. Intuit reports sales gains in the second quarter, but a wider loss of 66 million. Meanwhile intuit says its sales of turbotax online is a 19 so far this tax season. Desktop sales fell 7 after a price hike. Now to the lead. It is apple versus 8231 systems. They sued apple, claiming they illegally posted post coachedpoached information. The case has been moved to a federal court in boston this week. How serious are the allegations . Him has all the details from the newsroom. This is really interesting area first, how serious are these allegations . Just the notion these guys cannot take services, like l
Higher. Heres the big stories you need to know about this morning. Greece topping your headlines. Athens widely expected to ask for an extension of a loan deal with the euro zone. Well talk about the implications of that. The bank of japan leaving it unchanged. The worlds third biggest economy is on the lend. By the way, the nikkei 225 is up 4 this year. Here at home a number of economic reports are set to role out this morning beginning at 8 30 eastern when we get the january Producer Price index. Housing starts as well as Building Permits. Later on in the morning we get Industrial Production figures and breaking at 2 00 p. M. Eastern time we get the minutes from the last months fed meeting. Thats at the top of the power lunch which im told is a fine program. I saw that in the prompter. Did you write that into the prompter . I script everything. Lets tell you whats going on. Fossil with weaker than expected earnings revenue and offering a less than rosie outlook. The company cites a d
A train carrying crude oil derails and catches fire in West Virginia. The second Major Incident involving an oil train in the past few days. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Lets get to our top story and the Athens Stock Exchange is down 3. 3 . It follows significant declines yesterday. That followed a positive return of 23 . Last two days seeing it turn markedly. Lets look at greek bond yields also showing a spike in yields surrounding the situation. Ten year just shy of 10 and three year moved over 1 today. This after another round of talks between the euro group and greece over its bailout broke down. The finance minister called demands that athens would complete the program as absurd and unacceptable speaking this morning as he arrived. He remained confident that a deal would remain reached. Next step is the responsible step. Europe will continue to deliberate in order to enhance the chances. The euro Group Chairman has given gree
Warrant an increase in the target federal funds rate for at least the next couple meetings. Cory yellen also strongly criticized congressional efforts toward monetary policies say it would put aside the process the politicize the process. David kelly jpmorgan chief global strategist is not optimistic about the outlook. Correct given the state of the grexit given the state of the Greek Economy and the strategy in the last few years, bring greece along long enough for the rest of the periphery and the european economy to get healthy and for the european banks to get healthy. And we are moving a good deal along that road right now. Cory meanwhile, Christine Lagarde and ecb president mario draghi both say that more is needed more strength is need for great reforms. Ukraine accuses the progression rebels of using the truce to reinforce other lines of attack on the ukrainian troops. Meanwhile, Foreign Ministers from russia france, and germany met today to reaffirm their commitment to the cea