Quick top Global Business stories of the morning. Mario draghi said he wants to raise inflation as fast as he can. It looks like he has some serious work to do. Here he is at a News Conference in frankfurt. Latest projections indicate lower inflation. Accompanied by weaker geo do to do the growth and subdued economics. The ecb cut his forecast for both inflation and gdp growth through 2016. Draghi says the central bank will gauge the need for further stimulus at the start of next year. Russias president Vladimir Putin took aim at the u. S. And European Union today in his annual state of the nation address he says both impose economic sanctions on russia anyway no matter what happened in ukraine. He said their goal is simply to hurt the russian economy. They may have to change the old , posting its 10th straight quarterly loss thanks to falling sales. Sears lost 548 million in the third quarter. The ceo eddie lambert, hedge funds are you near, has been selling and spinning off assets to
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DUBAI/JERUSALEM: A consortium led by Abu Dhabi state holding firm ADQ is in advanced negotiations to acquire a controlling stake in Israeli financial firm Phoenix Group for more than $800 million, a regulatory filing showed, according to Reuters. US private investment firms Centerbridge Partners and Gallatin Point Capital, which hold 33.4 percent of the Israeli company, are in
any better. conditions in the midwest are the worse they have been in half a century. agriculture department extension food costs will rise. and a number of companies are reporting today. before the bell we ll hear from exxon, 3m, your nighted technologies, boston scientific, colgate palmolive, kimberly-clark, mcgraw-hill a few of the names. sounds like a busy morning. in other news to watch a couple key economic release, weekly jobless claims tn at 10:00 the national association of realtors reports on pending home sales. treasury secretary tim geithner returns to capitol hill. it s official united technology selling three industrial products businesses to private equity firms. the price tag, $3.46 billion. they will use the proceeds to repay southeast short term debt needed to propose it s $16.5 billion acquisition of goodrich. a number of reports this morning suggests manchester united may delay its ipo due to a weak market. let s talk about some corporate buzz this mor