[inaudible conversations] [inaudible conversations] take your seats, and our friends in the audience would like to take a seat, we will get going with our hearing. Ill call to order subcommittee on Communications Director technology and thank our witnesses for being here. Subcom for this worst of what will be many hearings as we look to update the king occasions act. K few sectors of our economy ors. Equal to the communications and Technology Sec atorre when it ci to innovation, investment in the american economy, and jobinveste creation. In these tough Economic Times we as policymakers should begh ecoc committed to fostering this economy. Tering of the yet the loss the regular the industry are outdated at besthat and some are affirmatively regul damaging. Indu this is whystry chairman upton b i, along with members of the subcommittee, have decided to undertake the difficult task of updating the key medications act of 1934. Cmunica in the eight decades since itsht Passage Congress have
Defining. Chicago, atlanta, newark, jfk and washington dulles. Kleenex and huggies makers cutting up to 1300 jobs. Forecast toullyear reflect costs associated with the spinoff of its health care business. In emerging markets has been a strong point. Cocacola shares are falling the most in six years today. It down more than 6 after the Company Reported sales that fell slightly in the quarter to just under 12 billion. They announced a costcutting aboutnd mounting concerns the Health Dangers of soft drinks in the United States. Deutsche telekoms has teamed the company says it is looking at options for tmobile. A future where tmobile remains independent. But sprint and iliad dropped plans in recent months. Staggeringlling a number of iphones. The smartphone brought in 56 of revenue. The success of the device begging the question, is apple turning into just a phone company . Our marketurn to makers anchor Stephanie Ruhle who has been at the robin hood conference. J cruz at ceo. Withd exclus
But Warren Buffett has done shareholdersewed like other guys in Silicon Valley. I dont see him doing that. I think he has legitimately made money. I dont agree with the fact in his position he couldnt do more. Start ing to mean, i think hes a smart guy and i think he has done well for shareholders. There are things i disagree with them on. It certainly i was buying my own business. They started it. I am really looking forward to going at them. Ive got to tell you, theres a part of me my mother said i have some sort of warrior gene. A throwback to a 13th century warrior. I would rather fight corporations than these guys. You said that you use Credit Derivatives and Warren Buffett has called them weapons of mass destruction. They are different. Dont confuse it. Hes calling them that. I think he was more talking aboutthe way that derivatives used in the housing bubble. I think most of them will admit it. Quacks but fannie and freddie, promoting everyone today as part of the birthright and
The Worlds Largest carrier, will cut phone subsidies by 2 billion after the government told it to lower marketing expenses. Lack of subsidies may make it harder to sell highend phones in china. It can also give a surging boost to competitors. The latest trends in tech are winding up in the dictionary. Words like netflixinspired binge watching, live tweeting, sub tweet, buzzfeed have been added to the oxford online dictionary but theyre not in the official dictionary as of yet. To our lead story, Alibaba Group has been on an acquisition free in the runup to the i. P. O. But now there are concerns about one of its deals. A film Company Alibaba took a controlling stake in Chinese Media group, now known as alibaba pictures, has uncovered possible accounting flaws. The unit may not have made enough writedowns for some assets in the first half of the year, according to a filing. Alibaba has tape stakes in more than a Dozen Companies this year. They range from video sites to the singapore pos
Get tougher after china mobile, the Worlds Largest carrier, will cut phone subsidies by 2 billion after the government told it to lower marketing expenses. Lack of subsidies may make it harder to sell highend phones in china. It can also give a surging boost to competitors. The latest trends in tech are winding up in the dictionary. Words like netflixinspired binge watching, live tweeting, sub tweet, buzzfeed have been added to the oxford online dictionary but theyre not in the official dictionary as of yet. To our lead story, ail bab why group has been on an acquisition free in the runup to the i. P. O. But now there are concerns about one of its deals. A film company ail bab yoo took a controlling stake in Chinese Media group, now known as alibaba pictures, has uncovered possible accounting flaws. The unit may not have made enough writedowns for some assets in the first half of the year, according to a filing. Alibaba has tape stakes in more than a Dozen Companies this year. They ran