Auto maker by globalizing models, cutting costs, boosting technology. It is unclear if he will play some role in the self driving car program. Yahoo will return cash to shareholders when it sells stake in alibaba. They will use at least half of any proceeds from the sale to fund the project. Yahoo reported Quarterly Earnings showing the Company Still struggling to deliver growth while contending with popular rivals. They will sell 148 million shares down from the originally planned 208 million. Now to the lead story of the day, apple and ibm burying their past rivalry. They will develop apps for the apple iphone and ipad tailored to work with ibm Data Analytics and cloud services. Ibm will sell apple products directly to business clients and apple in turn offers apps support. This will help them expand into the enterprise market. Helping them stay relevant in an increasingly mobile environment. Im a to bring in bloomberg west editoratlarge cory johnson and Senior Analyst from jmp secur
They lead the twitter ipo and had a varied background include being cfo of the nfl. Gupta, whoes mike will stay on as vp of strategic investment. A powerre reports of struggle between himself and ceo hostile oh. Twitter is also active on the acquisition front between himself and ceo dick costolo. What does this say about their future . I spoke to the former twitter director of hot form. I started with what he thinks joining twitter. I know they had a great experience with him working through the public process. He has a lot of fans inside twitter. One of twitters biggest ruggles is being understood by the Public Market and bringing someone like anthony and to help translate between those worlds will be really affect it. You imagine is happening inside twitter with all of these moves at once . The head of engineering left and theyve had a shakeup in the product department. Whats going on . Its about fighting the right leaders at the right time to help grow and build the company to expan
In the search. I appreciate it. Reporter he vanished hiking with a friend in the jerusalem forest, an area bordered by jewish and arab communities. His parents in israel released this Emotional Message today. I beg of you, beg you, please if anyone sees aron, please call the police immediately. Do what you must do. Reporter at a news conference, calls for the u. S. And israeli governments to step up their efforts to find sofer. Some believe not enough was done from the outset. Treat aron as if he was an israeli soldier missing. Reporter his dir appearance comes two months after a 16yearold was kidnapped and killed with two other israeli teens in the west bank. Their murder sparked tensions that triggered this summers war in gaza. What has been alleged to have been an act of revenge last month by jews, a 16yearold palestinian boy was kidnapped and burned to death in the same forest was sofer went missing. He is one of ten siblings. Bring back my brother. I want to say, just bring back m
Stephanie and it has already been a busy tuesday morning. This verizon and aol deal tops our news in focus. Verizon to buy the house of two moms Tim Armstrong. 50 per share. Stephanie greece will pass another hurdle this week. Other payments between now they may not get that far. John kerry is in russia for his first meeting with Vladimir Putin in years. The company throwing in to the money market ring. In competition with two maybury major tech names. The most expensive painting ever sold in auction. An anonymous telephone bidder for 160 million. Stephanie a lot of news this morning. For the second time in three weeks, nepal has been rocked by a killer earth quake. 7. 3. Centered 50 miles outside of nepals capital. The jolt was felt five hundred miles away in new delhi, india. The click caused landslides in remote areas. 36 people have been killed and more than one thousand injured. We spoke to that under armour climber who rescued 20 himself. Its test vote in the senate on the contro
That remains a mystery. But it is a mystery that a massive amount of resources are now trying to solve. We will have a live report and tell you what the next steps will be in that investigation. Meanwhile, after a terrible day for equities yesterday, we have seen stabilization today. This morning the action looked pretty negative. You have a lot of people concerned. It might be three days in a row. We have gone out and looked week. We turned positive within the last hour bill. But the dow currently as you can see there, is down about 30 points. The saudi bombing in yemen overnight pushed oil prices sharply higher. They just spiked. Pushed u. S. Crude above 50 dollars a barrel. I think it got to 52. And pulled back. When it got that high thats when other markets started to respond. Overseas markets were down as a result. But that has moderated a little bit as are our markets. Well get to that coming up in a little bit. With an hour to go yesterday we saw a bunch of selling pressure mate