The first half of the year and hikes its dividend. The ceo says the move is driven through growth in the global indices. Our Financial Performance warrants returning a little more money to shareholders as we now have the financial strength of a Company Operating across all the major continents generating a lot of cash. And shares tumble as the cable business sheds customer. This despite hits like the avengers. Welcome everyone to the show im seema mody with euro zone manufacturing and services numbers. Data breaking right now. July final euro zone composite at 53. 9. Services number coming in at 54 versus the forecast of 53. 8. We have been hearing from various countries across the euro zone. Mixed data so far. That service is coming in at 53. 8 while in italy their Services Sector is slowing down in the month of july. French Services Manufacturing activity in july hitting a three month low. What does this mean for the currency market . Well, you can see the euro trading at 108 against
Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. I am Alisa Parenti. This is bloomberg. Bloomberg technology is next. Caroline i am caroline hyde. This is Bloomberg Technology. Switchits the ignition on his stream for Driverless Cars with a 15 billion dollars acquisition. Details on how the deal went down. Billion verizon yahoo deal almost never closed. We have the inside track on how it nearly got derailed. Airbnb goes on the offensive. The c. E. O. Says we could see an ipo in about a year. His words ahead. First to our lead, intel is spending 50 billion for a foothold in the selfdriving car market. The u. S. Chipmaker is buying the Israeli Company which makes chips. In the second largest acquisition ever for intel and the largest ever for an Israeli Company, shares surged on the news. It represents more than a 30 premium of the friday closing price. Cory johnson caught up with the c. E. O. And asked why he is shelling out so mu
A businessman on the left at a dinner with banks and another person on the right. A tap on the telephones of the two men turned up questions of influence peddling involving as many as 20 cops. The accusations including gifts of super bowl tickets, trips to las vegas and in at least one case, a top ranking cop reportedly sold captain union Identification Cards to help people avoid traffic and parking tickets. We dont believe based on what we know so far that this is deep systemic corruption in the department as opposed to bad judgment of a small group of senior people. Well go wherever the facts take us. Reporter the head of the Captains Endowment Association which represents the chiefs called todays actions traumatic and called on the feds to wrap up their probe quickly so the chiefs can open forum. Banks lawyer says his client has done nothing wrong. Thank you. A Class Action Lawsuit accuse the department of education of lacking accountability when it comes to bullying. Reporter one o
Ferrari is heading to india. Sale. Ndred 85 million 125 million. Tee he will invest 20 million more at the company. Hong kong and china closed for lunch. Points. Seng up 96 the shanghai composite flat. The nikkei composite looking down. Time now for bloomberg west. Emily i am emily chang and you are watching bloomberg west. Patience is not a very for some other shareholders. Activist investors pressuring the company for immediate and dramatic changes. Survival of the fittest in the semiconductor industry. We will take a closer look at why so many Chip Companies have the urge to merge. Taking a plunge in a hightech treasure hunt. A new competition to map the ocean floor. First prize, 7 million. First to our lead. The hits keep coming at yahoo c. E. O. Marissa mayer. Less than a week after she laid out her plans to turn around the struggling giant, activist investors are turning up the heat. Over the weekend, one of yahoo s largest shareholders urged the board to begin selling assets imm
Tells us what he thinks but opportunities in the new year. Allowing investors to pool funds to rest invest in real estate. Plus it is the new words with pp is at theiza top of the apps category. First up, were were to put the focus on private equity. Were good to start with a firm getting eager. Since the five it financial quadrupledkstone has in size. Ceo Steve Schwarzman wanted to get even bigger. He joined Erik Schatzker earlier. Where does he see growth . Wherever it all where it he is already is. It also isnt really slowing down. Yes a couple of years ago blackstone was growing at a pace of 29 a year, this year is on track to grow at about 25 a year. Not a really big slowdown if youd consider the fact that the firm getting much, much bigger. The shorts would have told me the past that they can see like stone being twice its current trillion with half a dollars of assets under management. The question is how it gets there. Is blackstone going to run into a Warren Buffett wobble boa