I will start you off with a bulletin mark for oil,s the price of brent crude fell to a five year low in the United States also dropped and hedge funds and other Money Managers i have that too much on rising prices. Merck is taking aim at superbugs per the drugmaker has of debt has agreed to buy cubist pharmaceuticals. Developing products to fight drugresistant bacteria. Has increased the target price of its ipo. The Company Plans to offer per ofto 14 these. In india whereer they had been banned and accused in uber driver of rape. The company will do everything to support the woman. Today withbama meets the duke of cambridge, Prince William who is taking a break from a visit to new york to visit the white house. He and his wife arrived yesterday and they will have a reception with Hillary Clinton and an nba game featuring the brooklyn nets. Its a, 14 years but citigroup the longer holds the record for the most valuable bank of america. That distinction now belongs to wells fargo was clo
Piles the pressure on greece and italy. Six days from the japanese shows a deeperua setback. China sets records. Qantas looks to benefit from falling fuel costs. And in china the trade to a is ride rising record high. Steven joins us from beijing. Its another indicator of what weve seen for a while. Domestic growth in china slowing. Yeah, a couple of things going on here. Youre right, the continuing slowing pace of growth here. So thatslessened imports but also the fall in crude prices to that fiveyear low that drive down the value of the import. So we saw a fall. Export growth. It was much weark. Imports as you said surprisingly contracted leading to that record trade surplus last month. Larrys at mcsquare securities said that chinas economy is generally weak and that the Fourth Quarter that were in now is hardly an improvement from the Third Quarter which we thought was kind of the drop. Weve had Interest Rate cuts but it looks like this continued weakness is continuing. We had the p
These viruses. That is what merck is trying to. O with this cubist acquisition cubist hopes to have four new antibacterial drugs by 2020 . U. S. Alds saw its worse sale decline in a decade last month. They are struggling to compete. An expired meat scandal in asia has hurt sales. Lending club has boosted the sales price of shares in its ipo. The Committee Plans to all the shares at 14 each, originally offering them for 12 apiece. Lending club is expected to start trading thursday on the new york stock exchange. And nintendo may have something to celebrate this christmas. After losing nearly 200 million last year, became maker is making a comeback. They expect to sell 3. 6 million wii u consuls this year. To our lead, new Details Behind sonys massive cyber attack. News has learned the breach began at Saint Regis Hotel soon after midnight on the morning of december 2. Hackers use to the highspeed network to leak the details of 47 thousand sony employees. Security experts still dont know
Successful. Pg e is blaming human error for the breach. These fresh tire tracks in this video suggest the thieves simply drove off with the Construction Equipment they stole. Among the stolen property, possibly two tampers, like these. Someone cut a hole in the fence and snuck in overnight tuesday on wednesday morning. The fence detection alarms went off, but pg e says substation security personnel did not appropriately address them. Detectives spent yesterday combing the area and reviewing surveillance video. This is a huge crime scene. This is a very big area. So obviously, just the scope of it, the size of it, is obviously challenging. Reporter this is also the site of a highprofile sniper attack last year when someone cut underground phone cables, shot up the plant and knocked out 17 transformers. Since then, pg e has committed to spending more than 100 million on security improvements at several substations trying to improve this kind of fencing, in part. Clearly it wasnt enough.
Excuse me. He is here with us. Who matt levine is with us i miss the guy. I want to stand california writes about the inner workings of wall street and like me, came because there is an incredible from the business, a derivatives story out of palo alto. Background. An earthquake in the mobile messaging market. 19k zuckerberg spending did you go through an Investment Banking Training Program . I did not, i was a lawyer billion dollars in cash and stocks to buy whatsapp. First. I skipped the insane hours and left law for banking because up users use every day. Up a lifestyle would be better. I came from that background. It has an unproven revenue model. I went through a sales and Training Program at credit Cristina Alesci is here and paul suisse. You are alive. Guessed what, i love that kedrosky. Business. What made you write this book . Facebook justifying 19 i wanted to shadow eight billion . Analysts because wall street, even after the crash, was a huge that is like out of an austin m