apple beats on revenues and earnings selling more than 47 million iphones in the latest quarter. the dow lower by triple digit, down almost 181 points. the s&p down 9. the nasdaq off by 11. that is it from cnbc, first in business worldwide. [ female announcer ] everything kids touch at school sticks with them. make sure the germs they bring home don t stick around. use clorox disinfecting products. you handle life; clorox handles the germs.
petraeus guilty plea. all right. more to come on that i m sure. not the last we re going to hear of david petraeus. let s turn now to business. with markets closing lower yesterday the dow fall 85 points. s&p down 9 and the nasdaq down 28. they re still pretty darn high. target closed up a half a per cent with a big restructuring plan. this restructuring plan includes layoffs, lots of layoffs, what can you tell us? a pretty big announcement from target yesterday. they re laying off thousands of people at their headquarters and in india. this is all part of a plan to cut $2 billion in costs over the next two years. this is happen under the new ceo, who wants to streamline the retailer.