And the drone business is about to get a big boost, the fda selecting six dates for unmanned flight testing. It could generate 82 billion in the next decade. But first, to the lead apple engaged in a big fight with this Court Appointed monitor over e book price fixing. The Court Appointed a monitor to make sure it changes its behavior and reforms is is is packed this is, but that monitor says apple has been uncooperative and has made executives like tim cook unavailable for interview. He said the company has failed to turn over documents or make executives available. Apple has been fighting every step of the way. Apple accuses him of acting in an improper manner, saint have been overbilled and refused a claim that theyre keeping key personnel from interviews. A request for comment from apple has not been returned. Im joined by a bloomberg contributing editor, nicholas thompson. I read over this complaint about an hour ago and its just fascinating. Hes saying that apple is pushing back
Welcome. We have full coverage of the stocks and stories making headlines. Reports on the latest forecasts for flooding this spring. Ryan chilcote is in brussels, where eu leaders are discussing how to put more pressure on russian president Vladimir Putin. Thats begin with peter cook on how the u. S. Is ratcheting up sanctions against russia. Give us the highlights for president obamas from president obamas quick speech today. Things are escalating. Laughing quite as hard at this list. Things have gotten tougher from the administration. The president designated 20 more russians with asset freezes and travel bans on the including 16 government officials. List, russias 17 the biggest bank. A latest executive order also 17ths the u. S. Russias biggest bank. The latest executive order also allows the u. S. This is not our preferred outcome. These sanctions will not only have an impact on the russian economy but could also have an impact to the global economy. However, russia must know that
Beyond their control like the economy and the fiscal cliff . I think overall it was more probably 70 to 80 factors beyond the retailers control. I think retailers had creative merchandise but i think the news didnt lead to a feel good factor. In any economy, good or bad, you always have some winners. Who did really well this year . Well, it looks like in terms of who did well so far, Companies Like American Eagle outfitters limited, michael cors, macys tj and i would say costco was also a winner. On the flip side were there retailers that you had high hopes for going into the season but just didnt deliver in the end. Certainly we will see some becoming more promotion al, some of the childrens retailers, whether it was impacted by weather or there was Competitive Price and they did a good job at it, the childrens retailers seemed to have a tougher season this year. Now is the time of year when we shift into gift card sales. What most people dont realize is those sales get counted until
This is n. B. R. Susie good evening everyone. Im susie gharib. Tom hudson will be along a little later in the program. Hohum sales for the nations retailers this christmas, ringing up the worst Holiday Season in four years, we talk with a top retail analyst. President obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. They have five days to make a deal. And housing continues to be the bright spot in the u. S. Economy home prices post their biggest advance in two years. That and more tonight on n. B. R. christmas may be over, but the Holiday Shopping season continues. Many consumers hit the malls today to return gifts and buy what they really wanted. And this is the time many gift cards get redeemed. But for retailers, holiday sales so far have been a flop. Sales in the two months leading up to christmas, rose just 0. 7 , according to Mastercard Advisors that tracks the numbers. Thats way below what the Retail Industry was predicting. Erik
Beyond their control like the economy and the fiscal cliff . I think overall it was more probably 70 to 80 factors beyond the retailers control. I think retailers had creative merchandise but i think the news didnt lead to a feel good factor. In any economy, good or bad, you always have some winners. Who did really well this year . Well, it looks like in terms of who did well so far, Companies Like American Eagle outfitters limited, michael cors, macys tj and i would say costco was also a winner. On the flip side were there retailers that you had high hopes for going into the season but just didnt deliver in the end. Certainly we will see some becoming more promotion al, some of the childrens retailers, whether it was impacted by weather or there was Competitive Price and they did a good job at it, the childrens retailers seemed to have a tougher season this year. Now is the time of year when we shift into gift card sales. What most people dont realize is those sales get counted until