New york oil is hovering around. Nokia is close to a deal to sell to a group of german automakers. Bmw would be the buyers. Stephanie the has been a big shakeup at toshiba over and ask accounting scandal. They will will have to restate earnings for six years. We have the story from hong kong. They announced after the closing bell in japan that they will resign. It is alleged top executives sent set unrealistic profits. A number of other executives will also resign. It you Management Team will be released in august. Toshiba has pledged to correct its earnings by 1. 2 billion. The Share Price Rose 6 . Stephanie they make appliances in nuclear reactors. Nike has given their ceo and award that is almost 10 times higher than what he usually gets. He has been awarded restrictive stock with a value of 30 million bucks. Those are whole of sneakers. Phil knight has endorsed him to succeed him as chairman of year when he retires. Erik zach johnson needed a few extra holes to win the british open
Was soft in late june when the debt crisis deepened. Thanks were shot banks were shot and capital controls were in place. A key Economic Indicator is pointing down for greece. Manufacturing shrank last month at a record pace. President obama is stepping up the fight against Global Warming. The plan is sure to call plenty of heat. To cause plenty of heat. The president previewed his plan by hosting a video on twitter. The proposal told for reducing emission from u. S. Power plants by nearly one third within 15 years. America accounts for about 1 7 of the worlds in missions, and about half of it is from plants of the worlds in emissions. You can see the president s announcement right here on Bloomberg Television this afternoon at 2 30 p. M. Eastern. A joe biden that president ial campaign may be more than a whim. There is a Political Action committee urging the Vice President to run. Few democrats have come forward to challenge Hillary Clinton. The partys presumptive favorite for the nat
To the American People and will make a televised address this afternoon. He previewed his proposal by posting a video on twitter. The new climate rules aim to reduce Greenhouse Gases causing for a reduction by one third in 15 years. Republicans are already fighting back. Mitch mcconnell is telling all 50 governors not to obey the rules. America accounts for about 1 7 of the worlds emissions with half of those from plants releasing carbon into the air. You can see the president s announcement live at 2 15 eastern time. A major insurer turns down one takeover bid and accept another. Breaking up a merger partnerre had with xor. Stephanie at t is planning to introduce a bundle of tv and Wireless Phone services, its first appeal to consumers since completing the acquisition of directv. The offer will be available nationwide a week from today and will include the high death tv High Definition tv and mobile service with unlimited texting and talking and 10 gigabytes of data for four lines. At
The first person tried on charges of rigging the libor interest rate. Former ubss a trader. The panel deliberated a week and concluded he schemed with other traders to fix the libor, the london interbank offered rate. We will have more on this story coming up later in the hour. And for the first time in five ks, the greeks talk market the Greek Stock Market is open for business and prices quickly collapsed. Banks fellwo major 30 , that is the maximum allowed daily loss. June. Trading halted late meanwhile, the commission there isson says serious deterioration in the greek economy. Hundreds are dead because of usled airstrikes against islamic state. That is the conclusion of a Group Monitoring the iraq the attacks in iraq and syria. The airstrikes started a year ago, and the coalition is not commenting, though it has previews acknowledged causing to the civilian deaths. Two civilian deaths. Matt trying to provide assurances that the u. S. Isnt wavering after landmark agreements with ira
Explosions rocked china. Smoke is still smoldering from the blast site and were getting a look at the devastation. New drone footage shows the aftermath. And the smoke above the warehouse where the explosions took place. It happened an at an Industrial Area and triggered a blast that was felt miles away. And cell phone video captured seconds of the second one. Reporter a first blast had shaken the port city of tianjin, then this. A massive explosion, many times bigger than the first blast and a blinding white light. You see it and then they feel it. The shock waves shattering windows and turning shards of glass into projectiles. Images of the blast flooded chinese social media. A store froth disappearing. A living room covered in broken glass. Hospitals are filled with injured. Some burned, many cut by flying glass and debris. Tianjin is one of chinas biggest industrial centers. Home to 11 million people. And canadian in bejing got called from friends in tianjin. The first conversation