They are buying img worldwide. From ipos to smart watches, 2013 has been an exciting year from tech. We are breaking down the top tech stories and the biggest controversies this year. Government surveillance taking a new turn today recommending significant changes. The white house released the findings just hours ago. They said surveillance should continue but with significant restrictions. There are 46 recommendations including making it harder for the fed to get access by having third parties store the call data. The government would have to get a court order to access the records and the panels also calling for new criteria for eavesdropping on foreign leaders. This comes one day after talking technology with tim cook, sheryl sandberg, and are a semi. Phil mattingly joins us now. What can you say about the reaction to these recommendations . They would have a major impact on how intelligence policy is put together. You listed are the big ones. The key is the storage issue. In this m
Can this save the companys reputation . We sit down with googles executive chairman, eric schmidt. Find out what he sees as the future of technology innovation. Drones have captured the worlds imagination, especially after jeff bezos talked about amazons test of delivery drones. Drone flights cleared a big hurdle. Alaska, nevada, virginia, texas, north dakota, as well as new york. We will see drones all over the place. It will allow the faa to test performance in different climates. This is technology that shows great promise, but it also brings with it significant challenges. It provides a structured framework where we are able to conduct research, test operations, and understand how we can safely integrate these aircraft into the national airspace. When are we going to see drones buzzing around . We have a special roundtable joining us. In washington, al levin. Al, when we look at this, is the Business Impact going to be sudden . That is a good question. The applicants for the test s
Relevancy. Speaking of friends, gibson guitar, they offer details about how he retold a classic instrument. Nexthat and more over the hour. Lets get headlines on carol massar. With earnings. Ut the Software Company forecasted that exceeded predictions. It topped the 1. 7 billion that was the average projection. Stocks higher in afterhours trading. Says he does ceo not expect a guilty plea to crumble charge that will drive customers away from the bank. The company granted the largest penalty in an offshore tax case. Swiss accounts to help americans hide money from the irs. Chris christie says he will cut pensions this year to balance the budget after revenue failed to meet his projections. Itll be 700 million. That is a look at the top headlines at this hour. Back over to you. The. S. Stocks fall with u. S. Industrial average lower by 137 points after a decline of 8 10 of a percent. Worseers, all posting than estimated results. One stock that did gain, home depot, up two percent. He hou
This is fueled by a decline in tech and a decline in biotech. Many of these stocks that have been on fire like facebook and tesla and netflix posted a five percent drop. We will have more on the selloffs coming up. Zynga has hired a best buy Senior Vice President as its new cfo. They are trying to improve their business. The ceo says that he has a track record of turning companies around. Cbs named a replacement for david letterman. Stephen colbert will take over for the late show legend when he retires next year. They reached a fiveyear deal. There will be a new era of latenight tv. Now for our lead story. Ebay and carl icahn are ending their feud for now. Carl icahn want ebay to spin off paypal. They have a new paypal compromise. Ebay will add an independent director to the board. In return, icahn will drop his plan to add Board Members. Their chapter spoke with the ebay ceo. He asked, what kind of value do you see in ebay working with carl icahn, a shareholder who some view as a bul
Messenger app that they want to chat on mobile. Users will be notified several times before the exchange takes place. This is starting in a handful of European Companies right now and will roll out globally. Hewlettpackard is willing to to settle overseas bribery allegations. Largest fines for a company violating the act. Hp says the misconduct was limited to a number of people who are no longer employed by the company. One kinghakeup at lane. The ceo was leaving to become the ceo of Sports Apparel fanatics. Cmo is also leaving. The home retailer has in the valuation of 1 billion. Our lead story of the day ebay and carl icahn are ending their feud. To spin offted ebay paypal. This will not happen under a new compromise. Greed to add david to the board. Icon is dropping his plans to force the spinoff and add to board members. Erik schatzker spoke with john donahoe. From the beginning, i have had direct conversation with carl drop this process. In all of those conversations, he has been