Billion. Verizon is on the buying spree, marking a new chapter for the bay areabased internet company, yahoo. We are live to break down this deal and to explain what is happening to the company ceo. Reporter people are calling this the end of an era, yahoo used to be the site that the websurfers would hit first, and now part of verizon at a sale worth 4. 8 billion. It is the swan song for the yahoo yoyo, going the way of aol and in the hands of verizon after a bidding war. It was a fivemonth option. Verizon is trying to combine two wrongs into one right. Reporter and they say that verizon has its work cut out, rolling verizon into the operations, and shareholders fed up with the fallen yahoo revenue over the past eight years. The stock is going down despite this deal. Reporter yahoo, known for its email service and websites devoted to news, finance and sports, but could not keep up with the revenue made by competing companies, like facebook, revolutionizing the web. Hoping to defined a
We will dig into that in a few minutes. To theot confined financials. A relatively broad selloff. Groups Like Health Care are leading the downturn in todays session. At the lows of the day of the moment. The dow down 1. 5 . The nasdaq is really bucking the trend. In todays session we are watching what has been going on with crude oil as the meeting in algiers is happening among opec members. You can see crude oil prices up more than 3 in part as it looks like saudi arabia is opening the door to future Production Target deals. It is contingent upon access on our ron. The dollar falling today also. Offshore drillers doing among the best. Transocean leading some of the games in todays session. At the dowing movers. Goldman sachs initiating coverage of some of the stocks. Morgan stanley out with negative commentary. Marriott is the only one on the approved list. Winners. Ip side realty even as hotel stocks fell off, Real Estate Investment trusts going higher. They seem to be benefiting fro
Reporter usually their city lights but we do not have a because of the falcon one of the fact is we will be dealing with it is very tenacious along the coast default would intensify a little bit before seventh to mix out still may be a problem in parts of the coals 58 going on for san jose and 54 from the war in concord fairfield at 55 this compares to four we were this time yesterday pretty close to yesterdays performance the ride into San Francisco looking good so far Robin Winston westbound 80 if you need to get the drive time looks great under 10 minutes from the maze out to fremont street for those who need to get the ride across the Golden Gate Bridge, and from the north bay into San Francisco no big trouble spots no major problems looks good all the way across to the toll on to boil low problems on city streets james the beating of an 88 yearold woman inside of her san jose home family members of the victim believed a second suspect is still lose reporter the days after a woman
Don bell about the game and his 100 Million Dollar contract. The team paid me for what i did but theyre about to pay me for what i am about to do. And one of his greatest loves off the field. And six weeks after federal agents carry out raids across the region the man in the middle of the investigation opens up to eyewitness news. This is the first eyewitness interview for John Dougherty talking about his family, city and how hell be there for women of local 98. Thanks for staying up late im jessica dean. Im ukee washington. And hes dont as johnny dock. He granted me the interview saying he cannot talk about the specifics of the investigation. And he shed light how the government came knocking a second time. Federal raid involving two prominent philadelphia leaders. New developments in the federal investigation. Philadelphia labor leader John Dougherty and how far his influence stretches in the local political scene. I got caught pleatly could have guard i didnt see this coming. John j
Inform neighbors until after 8 on your side exposed this potential environmental disaster three weeks later. The governor is defending dep. Within 24 hours after they were notified, they started the investigation, they are continuing actively to do that investigation. If somebody has done anything wrong, we will hold them accountable. They didnt notify the public. They started their investigation immediately. That are working to put the information out as quickly as possible. Reporter sure, now that we brough dep is sharings information with the neighbors. They have a right to know if their drinking watt sir potentially contaminated. There is no excuse for not being transparent on this. Reporter it is deps contention it is not legally obligated to inform the public about this. State representative dana young. If they dont have a legal obligation to inform the public, we need to change the law and make sure they have a requirement to inform the public. Reporter fact, mosaic fact, when c