That was going to be demanded here by the European Commission were huge. What weve got here in 13 billion is significantly away from challenge the ruling. And youve got the u. S. Treasury that they feel companies, u. S. Firms operating europe are being targeted unfairly as well. I think behind the scenes here, theres going to be a lot of kons nation at the significant size of the charge reform in the interim because if the tax laws there change and some of these companies repat rate the cash theyre holdi ing overseas, thats moves the cash out of the way of the European Legal system. Then will they ever get the money back. If they do push for a legal challenge here, the question is whether europe gets hold o tv monof the money or not. Well have more from your later on this hour. In terms of talking about what it means. Number one, youve got the eu. Ireland entered into this in gait v good faith. Apple entered in in good faith. Obviously the country says they can do it. Do the system. Wo
S p 500 above 2100. Above a level that some traders have been talking about. 18,000 for the dow. All three major averages moving to the highs of the session. The highest that we have seen. Jones industrial average , last may is when the dow hit its record. 1. 1 . Nly off about the s p, around the same so we are getting closer to reachieving that record for both of those averages. The nasdaq, little further away. Todays session, energy has turned around and is the best performing group in the s p 500. Up about three quarters of 1 . Health care is gaining. We have Consumer Staples being pulled lower in part by earnings from coke. I wanted to look at other earnings movers that are not quite the biggest names but still important ones to mention. Textron coming out with earnings that Beat Estimates. The company saying bell little changed in terms of sales but its growth in industrial Aviation Industrial and aviation that did better than estimated. The chipmaker coming up with earnings that
I find it a bit surprising he digit contact me. Crude clings on to gains afteren erratic session yesterday. The top firm is cutting 7 of its work force. Bp shares in the green after a u. S. Judge rules its liable for spilling less oil in the gulf than alleged. Its maximum mine will be 4 billion lower. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Quickly going to bring you flashes firstly out of the iea whose report on the oil market has come out and said how low the markets fall will be is anybodys guess. Macroeconomic weakness continues to strain Global Oil Demand growth. Prices do not be seeming to stimulate demand just yet. Stocks are rising to their widest surplus versus the five year average since august 2010. Well bring you a discussion on oil in the next 20 minutes or so. One other flash in the last five minutes is the greek Government Bond yields have risen 40 basis points to 9. 5. The three year has risen 137 basis points to 1. 11. 7. Tw
Some members wanting to be mayor or whatever they want to be. I even had one office. The staff said we agree that this is good policy and that is bad politics. Reporter the question, what comes now . Thousless 450 red tops in place and 1500 more in storage will just sit there until the council can come up with a plan that works. I am not sure what the next step is. Reporter somehow the city will use the meters in the future, even if they have to paint over the red. The other big bill show coresponse order, loring speed camera fines, it passed last night. More that tonight at 6 and hearing from the mayor, shawn. Back to you. Thank you. And a bank was evacuated when someone tried to blow up the atm. Sky fox is over the scene in shelton boulevard. Someone called to report a explosion overnight. Security video later conern confirmed an explosive device went off around 4 a. M. The atm was scotched to damage and still functions. Police evacuated the bank and northbound homes this afternoon a
Brown. Thanks for joining us. Gunman led police and chase before he shot himself. Now this all started outside an Apartment Building in the 1100 block of haverford road in the crumb lee section of ridley park ridley township. Steve patterson is live with the very latest on this case. Steve . Reporter natasha happening right now behind me a memorial and vigil for the family. Take look here. You see family and friends have gathered theyve just lit candles and you can see the memorial in the center of a prayer sir can he just witnessed them giving their giving their condolences to the family much the family again is suffering after police say the father shot his own son in the head and then shot the mother of that son. We spoke to Community Members who are now, of course, are asking why . Why . Why . What happened . It is a haunting question. Family, friends asking how the man that gave live to five year old tion styles could easily take it away. To turn around and do this to his son, i c