We really dont know. Meanwhile, oil stocks were up today. The price of oil slid nearly 3 after yesterdays big rebound. Ibm signs more Cloud Computing deals as it tries to boost revenue. The latest deals are with wpp and thomson reuters. They could add 4 billion to ibms top line. The revenue comes at a crucial time for big blue, which recently ditched its earnings forecast. A federal judge in minnesota refused to file out to toss out a lawsuit filed by banks against target over last years huge seven security breach. They sued target for negligence, saying they failed to protect systems, and the banks had to reimburse people for fraudulent charges. Uber has partnered with America Movil. The right sharing app will be on all America Movil phones in mexico. Raise moreking to money, a move that could value the company as high as 40 billion. Back in the day, apples ipod was king. Remember this . Ipod, 1000 songs in your pocket. Those days are back again, at least in federal court. Apple is ap
Waves in Silicon Valley and investing in hubers archrival lift. The billiondollar activist investor adding 1 billion to weathers 1 million to lift things wave of funding lyfts wave of funding. How will that help them catch up to uber . Lift is only valued at a little over 2. 5 billion. Then there is the reach, uber has expanded over 250 series 250 cities worldwide lyft only operates and 65 cities. For more on what this means, i want to bring in the Bloomberg News reporter who left this story, leslie picker from new york. Erin newcomer was here from the set in san francisco. Corey, i want to start with you because this is a very different investment for carl. Why is he investing in lyft over uber . Lets think of all the reasons. He is investing in it to make money. For much of his career, he has been a moneymaker, but not a Company Builder by any stretch of the imagination. He looks at what he can make better and where he can make money. 30 years ago, he has borrowed money to become one
Ubers archrival, lyft. The billionaire investor added 100 million, and one of the investors employees will do join the board. Uber is valued at a little over 2. 5 billion. Then there is the reach, 250 cities worldwide. For more on what this investment means come i want to bring in leslie picker, Eric Newcomer is here as well as our editor at large, cory johnson. Corey graham i want to start with you because this is a different kind of investment for carl icahn. Why is carl icahn first of all investing in a private tech company, and why lyft over her . Cory lets think of all the reasons, one, he is wanted to make money. Carl icahn has been a moneymaker but a Company Builder not by any stretch of the imagination. He likes to look at what he thinks can be better that he can make money. 30 years ago, 30 years ago, he has borrowed money to help michael milk milken and Verna Lambert to help one of the corporate raiders taking over twa, and they broke up little pieces, selling it off. The com
Ubers archrival, lyft. The billionaire investor added 100 million, and one of the investors employees will join the board. Uber is valued at 40 billion. Lyft a little over 2. 5 billion. Then there is the reach, 250 cities worldwide for uber, while lyft is just in the states. For more on what this investment means, i want to bring in leslie picker, Eric Newcomer is here, as well as our editor at large cory johnson. Cory, i want to start with you because this is a different kind of investment for carl icahn. Why is carl icahn first of all investing in a private tech company, and why lyft over her . Over uber . Cory lets think of all the reasons, one, he is wanted to make money. Carl icahn has been a moneymaker, but a Company Builder not by any stretch of the imagination. He likes to look at what he thinks can be better that he can make money. 30 years ago, 30 years ago, he had borrowed money to help Michael Milken and Drexel Burnham lambert to help one of the corporate raiders taking ove
Who calls himself kim dotcom. You wont see him on the big screen but, until recently, he ran a service that made it possible for you to see almost any movie you wanted to for next to nothing. Im good at this whole business game. Simon youre just a plain businessman. A plain businessman who, when he was a teenager, hacked into the pentagon and nasa . Come on. Pelley wow. That is astounding. Ho, look at that. Whoa. Yeah pelley oh, my god. Incredible. What a sight. Youre looking right into the crater. Pelley there are 1,500 active volcanoes, and tonight, we want to tell you about three one that caused the most recent mass disruption, another thats the biggest threat to a major city, and a third, in the united states, that could wreak havoc all around the world. Im steve kroft. Im leslie stahl. Im morley safer. Im bob are simon. Im scott pelley. Those stories tonight on 60 minutes. This is the quicksilver cash back card from capital one. Its not the fumbling around with rotating categories