Had. U. S. Shoppers hit the stores and millions hit the mall. Shopped online on thanksgiving. And astrazeneca telling cnbc exclusively that pfizers takeover would have probably failed due to tax rules and any deal would have been destructive. If we had agreed to a deal, the deal would have fallen apart. It would have resulted in destruction in our company. Hi, everybody. Welcome to another worldwide exchange. Weve got two hours together. This is some breaking data just hitting our wires at the moment. And were looking at the italy oak adjusted rate and basically what that means is the october jobless rate hs his a new alltime high. It has. Came in lower than expected. Right now, we are looking at youth unemployment in italy rising to 43. 3 in october. Clearly it has not come to fruition yet. The september Unemployment Rate revised up to 12. 9 from 12. 6 . But, again, underto underline the october Unemployment Rate, a new record high having been hit in this states, rising to 13. 2 from
Forecast. And here at home, according to the ceo of generale, who tells cnbc in an exclusive interview, that he expects a rebound to boost the confidence to boost earnings. The actual stake is what the actions in other regions of the world to achieve their targets over time. So we see the determinants. Announcer youre watching worldwide exchange, bringing you Business News from around the world. Welcome to worldwide exchange. The german Sports Wear Company adidas says it will scale back plans to expand in russia as its been forced to cut its outlook for 2014. Meanwhile, lufthansa says Second Quarter net profit fell due to strikes, adversity affects and overcapacity on its north american and european routes. The german flag carrier net profits are the 170 mini euros from 155 million a year ago. And you can see continental down 2. 4 despite the tiremaker raising its outlook for the second time in five months. The german firm is warning adverse effects may harm its sales. Lths the fourth
Bnp paribas. The cfo tells cnbc he believes the stress tests were credible. I think its really a hotel exercise that can help with overweighted european banks. It leaves bnp paribas well capitalized. Never say never. Novatny says in an exclusive interview he does not think qe should be on the table now, but leaves his options open. You should never say never. I do not fear this perspective. Display youre watching worldwide exchange, bringing you Business News from around the globe. And on this friday morning, lets take a look at u. S. Futures. It was a Strong Performance for u. S. Markets yesterday thanks to visa, which helped power the dow putting tin decks within 155 points of a record high. Talk about a come back. The dow trading higher in premarket trade. The s p 500 trading back above 2000 in premarket. It will be interesting to see how markets close the month of october. European markets sharply higher, as well, ahead of key inflation daddy we will get in about one hours time. Ri
The President of the Flint Board of Education asked Michigan State Police to investigate an overpayment that resulted in a retiree receiving more than $60,000 in payouts for non-work and sick days accrued throughout their career.