How one man used his skills combating insurgents in the army can now sell us all sorts of things including the ft. As facebook launches a new video service, we wa nt to launches a new video service, we want to know what would you watch on Social Networks . What tv shows would you watch . Let us know. Welcome to the programme. As usual its action packed. Toshiba has reported its much delayed earnings finally reducing the risk it will be de listed from the Tokyo Stock Exchange. The Embattled Electronics firm posted a loss of 8. 8 billion for the last fiscal year. It follows an Accounting Scandal and massive writedowns. So, whats gone wrong for the 40 year old japanese giant . Two years ago an Accounting Scandal was revealed that led to the resignation of several members of the firms senior management, including the boss. The company was found to have inflated the previous seven years profits by 1. 2 billion. Problems came to a head again this year, when toshibas us nuclear unit, westingh
With aaron and World Business report. Never mind those Exploding Phones samsungs on track for its best profit in years and pledges to put the Galaxy Note 7 debacle behind it. Plus, technology, trade and trump. The boss of sony tells us why goods and information must keep flowing freely. Welcome to World Business report. Im aaron heslehurst. Also coming up, mr trump locks horns with toyota over plans to build a new car plant in mexico. But first we start with samsung. In the last few hours South Korean Tech Giant has said its on track for the best quarterly profits in more than three years. Its a major boost for the company after the exploding Smartphone Scandal that put a serious dent in its reputation. Lets give you the numbers. In the three months to the end of december, samsung is forecasting profits of 7. 8 billion. Thats up by half on the same period last year, much better than expected and the best quarter since mid 2013. That might come as a surprise as we know samsung was force
Is it the nondecision. Is that how it should look at it . Tom that is what i am hearing from my colleague. Mike will be in washington at 2 00 p. M. Everybody looking for to december 16. Some of the challenges. You see it in the red headline. The norwegian sovereign wealth fund. The 4 return showing the challenges of working across assets. Jonathan it is remarkably difficult for the norwegian sovereign wealth fund. We will be talking about the carpet number of the bit later. For now, lets get the bloomberg volkswagen is feeling the pain. Vw posted a 3. 9 billion loss in their thirdquarter. Its first loss in 15 years. German automaker has had has said expectations will be lower than they were a year ago. It is cost vw 7. 4 billion which is more than the Company Originally set aside. Barclays has gone to the u. S. For its next ceo. Jes staley will take over. At one time, he was considered a likely successor. Three much ago, barclays fired its chief executive. Chairman wanted to cut cost a
Im guy johnson. Francine lacqua is on the other side of the pond. She will be back monday. Two of the biggest names in tact going headtohead today with the launches of new products. Samsung debuts its galaxy s6 and s6 edge, both being launched in 20 countries including the u. S. , u. K. , and germany. Meanwhile, preorders begin for the new apple watch. Take a closer look at this new products. Three new products, i guess. Josh and Helen Smathers managing director. Josh, lets start with you. You got your wrist on the new watch. Premium product . Josh absolutely. Apple is positioned the watch almost entirely as a piece of jewelry. What they want to talk about is materials, the process. This is about as premium as you get in electronics. Guy the whole process seems to be moving upscale. We are looking at a story that is increasingly driven at the highend by lux products with nice material. The rest of the world is not going to be buying this. They are buying middle to low and android phone
I am guy johnson. And i am francine lacqua. If you have 250,000 for a night out, we are back with the vegas whale who says sin cities most expensive table is worth every penny. Looking forward to that one. Lets begin with our big story of the morning. Shares are on the decline. Europes biggest oil and gas company has warned that Fourth Quarter profit will be significantly lower than recent levels due to a mix of lower than expected production and higherthanexpected costs. N. Joining us is bria thanks for joining us. A surprise, what happened today. It is very unusual for them to put out a statement two weeks before they were supposed to do earnings anyway. They have not done it for over a decade and they had a big scandal. Faceds new ceo has never the press. His first arrest conference will be quite entertaining even what he said this morning. How we gone from a situation where the numbers were cruising along ok, not great, but ok, to this . Has anything changed in the last 17 days . F