Managing payroll and benefits. We speak with the ceo of zenefits. To the lead. We have breaking news, the Obama Administration is taking aim at Corporate Tax and version. Inversion. A wave of companies are seeking foreign mergers for taxation purposes. We are joined by cory johnson and peter cook in washington. What steps are the government taking is the government taking . It only involves deals closing today and forward. It is not retroactive. That was a big question. How far back would they try to reach, if at all . We know it is not retroactive. What they are doing with the rules, it is safe to say that they have chosen to do things that Tax Professionals and tax attorneys i have been talking with over the last couple of weeks thought this is where treasury was heading. Jack lew said that he did not think treasury had any tools in the toolbox to deal with these issues. What they are doing is hopscotching. It limits firms. It makes it less economically attractive Going Forward. They
Troubles are entirely manageable and they have been whipped up by social media hysteria. The selling pace for its new products very strong, if profits will be huge and apple remains king of cool. Added allah and the stock price below the one hundred dollars looks cheap to some. We have both sides of this one. Here is a friday morning bombshell, a revolution and the Biggest Bond Fund in the world. Varney and company is about to begin. Stuart it is friday, a busy morning. A lot going on. Here is what we are following. The bond king. Bill gross has quit his company after years of truly vicious internal fighting. This is where business gets personal. The battles were savage. Charlie gasparino brings his own special reporting later this hour. Bill gross is going to janice, that stock is soaring on that news, 30 as of right now. The final numbers in for the economys performance april through june, annual growth 4. 6 . Will it last . Something really serious. Airtran. New reports president ob
Virtualreality headset. Talkan iribe stopped by to about it all, and his major donation to a virtualreality lab. It has been full speed ahead for self driving cars. Tesla is expected to unveil an auto drive feature later this week. Mercedes to honda have also been testing out the technology. We look and how long will be before self driving cars actually hit the car market. First, to our lead. Ofis taking a page out ebays book, and splitting into two separate companies. Pioneer, whoalley has been heard in the downturn in the pc business and some bad acquisitions, says the move will allow it to better adapt to changing technologies and generate more shareholder value. , who just three years ago said a split wasnt in the companys best interest, will become ceo of Hp Enterprise , which is focused on corporate hardware, software, and services. Dion willcome become ceo of hp anchor. Ink. Will land at 55,000 55,000. Corey, are they Better Together or separate . Divorce makes you sad. This is
Smallest in years. Europe is in terrible shape. You look at an early come you look at spain, you look at france. They are all hovering around zero growth. To be the, which used strong point, it is not much better. So i think that europe is in very bad shape. European shares slump today dax fallingman to a oneyear low. Board has won all 12 seats on dardens board. They were angry over the selling of red lobster, and has just ofen darden a 300 page list improving the business. European nations are trying to remove googles control over the ability to erase search controls. Some ministers are concerned it could lead to mass a racing of data. Erasing of data. Spoke at Satya Nadella a conference celebrating womens achievement and technology. He was the first man to be a aker, but he made some comments that upset the ground. If womend about should ask for a raise, this is what he said. And is not about asking for the raise, but knowing and having faith that the system will actually give you th
Auction site. Business name that improving revenue it is aimed at improving revenue. The company, which makes software that allows people to sign documents digitally will use the money to expand internationally. First to our lead, hp is taking a page out of ebays book and will split into two separate companies. The move will allow it to better adapt to changing economies and shareholder value. As part of the move they are also having another 5000 jobs, bringing the total job cuts to 55,000. Cory, are they Better Together or separate . Divorce makes you sad. This is one of those things where you can see the writing on the wall. You could make the argument that meg whitman got the job here at hewlettpackard, right here in palo alto, because of the decision to sell the pc business. A decision she rescinded, and took the thing off the block. There were no buyers then. Behind the scenes, they had been trying to sell it again and found no buyers. Now they will stick it to shareholders, let s