The nasdaq was up 73. And the s p 500 added 35 points. Its fifth straight day of gains and its longest win streak of the year. All three of those major barometers are now out of socalled correction territory meaning theyre now less than 10 off their most recent highs. One of the reasons for the blue chip surge was General Electric. The widely held Company Found in many mutual funds and Retirement Plan offerings has a new big investor. Triand fund manager run by the activist investor nelson peltz has accumulated a 2. 5 billion stake in ge becoming one of the conglomerates largest shareholders. The fund says ge shares are undervalued. And just look at the stocks performance over the past decade. Shares of ge down about 20 . The s p 500 has gained a little more than 60 . Today shares of ge rose more than 5 on word of that trian stake. Harry thompson has more on this big investment by a very big and influential investor. Reporter in a first for General Electric the 1 123yearold company is
15 budget. In addition we also recommend placing 8, 477, in salary and Fringe Benefits for committee reserves until such time as the department can provide more detail about increased enrollment in the San Francisco Health Network and the cost of expanded service in increased capacity. On 1516, a recommended reduction for the Budget Proposal 2, 491. Million. On going savings and one time savings. We are working with the department and will report to you back next week. I do want to call out to the committee, if you look on page 51 of our report, we point out that the sfg pro projected is surplus, let me just, i would like to read this. The fiscal year 20132014, budget including funds for a longstanding dph deficit largely in salary. Due to delay in hiring, we are not blaming anybody for that, just pointing it out, due to delays in hiring, San Francisco General Hospital projected 1413 salary is surplus is 13. 9 million. That money is there. 13. 9 million. While the Department Anticipate
For the brand Craft Library several collections on the uc berkeley collection. A place for them, for the control and they have a critical job and for the chair is important. And investing in a chair has Significant Impact on health, and it is done by human studies, and we have basically for a small department, we would like the same chair throughout, because these chairs get moved around and the furniture gets moved around. And so, for that reason, these are the. Could i. I am sorry, i am going into too much detail. I appreciate it. First of all, i am a huge fan and i think that the department does an amazing job and we talked about the move and what you need to do. And so forth. The one thing and i am sensitive to this, we checked this and my office all of the time when we use the public funds to purchase any kind of equipment and we have said that we cannot purchase that because it feels like too much. And that aside, and did you actually have quotes from staples that are less for th
Lower. Demonstrations continue. Hong kongs leader says theres no plan to clear out protesters. Sdmroo the brazilian president said polls suggest she would win a second round run off. Announcer youre watching was was, bringing you Business News from around the globe. And it seems red october is over already. Lots of green in europe today. Largely, though, just a bounceback from yesterdays decline following the lack of ecb clarity on the action. We had just a 2 decline nearly from the dax for the day and a nearly 4 decline in the italian market. So what has bounced back the most . Well, its what declined most yesterday. The ledger was down yesterday on some ebola fears which has been led up by easyjet. And why are people going into money like that . Perhaps its what Warren Buffett told krnz yesterday. The more the market goes down, the more i like to buy. Lets look at some individual stocks now. Easy jet. The ftse 100 up about 0. 63 . Ezjet is soaring raising its on the year. 5. 5 up tod
Being made available and not just take this approach. I think the principle of the greater good applies. And there will always be some risky judgments of the data and there will always be a position that is unfairly singled out when in fact that person has been. But as jacob said, you have to look at those and the weigh the benefits against the costs. And i think that we keep in mind the benefits that we are receiving and certainly privacy is part of that. We use our credit cards all the time even or credit cards are for real. You know, to underworld hacker websites. So our Financial System is constantly balancing the benefits of electronic data exchanges against the risks of bullishness hacker activity. And i think that we are gradually groping our way towards this. It is time to thank the panel for the really good job that they have done. [applause] we will execute the same thing. We will transfer the to the senior fellow at the Brookings Institution who will be moderating the idle w