Troubled schools is leaving the job earlier. He completed work ahead of his 18month schedule, with Governor Snyder pushing the legislature for state funding to address the state debt. Thats global news. Im mark crumpton. Im emily chang and this is bloomberg west. Ating up, slash and burn yahoo , cutting jobs, winding down legacy products, and addressing Strategic Alternatives, but what does that mean . And we hear from oracle ceo mark hurd of what it takes to be a leader and what it takes to keep competitors at bay. We check out how mega cabs compare with the Biggest Companies over time mega caps compare with the Biggest Companies over time. But first, to our league alternativesing for the core business. Is that the company putting the for sale sign on the door . For the time being Marissa Mayer exploring aosts and spinoff of the web business rather than sell now because they feel it is kinder late it is currently undervalued. Is up 12 . Revenue but here is what chairman maynard webb a
Sources say that Jefferies Group cut numbers at its income meeting. Focusing on products and mortgages. Because of the energy well, some of those cuts earned bonuses last week. Those of the headlines from bloomberg news. Lets take a look out the asiapacific is looking right now. During the lunch break, this is how other markets are trading right now. Shanghai is up half a percent. Time for bloomberg west. Coming up, we hear directly from mercer mayer about yahoo. I ask her about her turnarounds strategy and whether the company is up for sale. Gopro is thinking again. Back . It get its mojo is a changing of the guard. Biggest challenges for the successor of nbc. First to the lead, gopro shares plunged in extended trading. Investors focused on the Sales Guidance coming in way below estimates. Firstquarter revenue between 160 million and 180 Million Dollars compared to 287 minute dollars and estimates. Million the company is also playing the cfo with ryan mcgee from qualcomm. It slashed t
I look to the stoxx 600. What are people saying . Jonathan the only good news is we are on session we open much lower, down as much as 3 at one point. It is classic risk aversion to equities. Yields go lower, the dollar yen goes below 120. For me, the big headline is china, china, china. Nonmanufacturing pmi. The story we have been told over the past 12 months is short their manufacturing will weaken but services will improve. Erik i want to bring mike into this as well. Is vicks is what everyone talking about. The volatility that comes as a result of the implied vote of futures. The best thing we have got going , this is the ball in european. Tocks it is up 10 right now but that index, again, this is our best proxy until the vicks starts trading at 9 30. Session lows. The caveat is european volatility has picked up at a time when actually u. S. Volatility, the vicks, has stayed pretty much muted throughout the year. Finally, the vicks woke up. European volatility is being heightened a
21st century fox prepared to offer for the 85 a share for time warner. E joins us now with more. Another big deal Rupert Murdoch is known for, but he got rebuffed. Jeff bewkes, who runs time warner inc. , he thinks it is better for the company to remain independent. He has been selling off assets. When he first took over, he sold aol and timeun off warner cable. Recently, hes been off recently, he spun off time inc. It is a much cleaner and more focused company in terms of being a pure play Video Entertainment business, which would fit in with fox. Was in google rumored to be a better for time warner . Bit mores a farfetched. We dont have reporting that the kids anything real with any kind of Silicon Valley company. Philosophically, it makes sense that some of the emerging Silicon Valley companies with want more content. Youtube, it is a business that has not found its footing. It is growing but it is unclear what the Business Model is. Time warner has a great Business Model. Whether i
Century foxx is in a position to offer. Murdoch is reportedly willing to raise the offer higher than 85 a share if time warner opens its books and starts talking. Mergerld this potential change media as we know it . Cory johnson with me here in the studio and in l. A. , our senior west coast correspondent, jon erlichman. What is 21st century foxx and today . Time warner inc. Like these are largely televisionrelated businesses. They both obviously have film operations but this is largely a play on the future of television. If you look at where is foxx sits. Dealsve two massive taking place. Time warner cable being swallowed up by comcast. We constantly talk about what for the channels, what kind of leverage they will have in the negotiations when they are trying to squeeze more fees out of the cable company. If you look at some of the things foxx has been doing, trying to boost the value of their own brand. This would be the extension of that. Hbo, turner, some of the big brands that ti