The predominant flu strain. People over 50, the vaccine was 14 effective. The flu has mutated since the vaccine was created and manufactured. Radioshack preparing to file for bankruptcy. Radioshack is also talking about sprint taking the wireless sprint, the wireless carrier having at least some of radioshacks stores. Chinese uber competitor raised 600 million in funding, with existing shareholders ali baba and Tiger Global Management taking part. It is now valued at 2 billion. In china, upstart phone maker xiaomi is known for one thing, cheap phones. Now the upstart is jumping into the higher end market, taking direct aim at samsung and apple. Xiaomi Just Announced their biggest and most expensive smartphones for 371. That makes it a loss less expensive than the iphone 6 . Here is xiaomis ceo in beijing. We are lighter, thinner narrower, and shorter than the iphone 6 but we have a bigger screen, all without impacting function, performance, or design. But is this a risky move for the C
Be a small part of the discussion at todays summit ukraine ceasefire and terrorism will dominate the thoughts. Yesterday, finance ministers were unable to reach an agreement on extending the aid package to greece to expire at the end of the month. Cisco shares enjoy a big rally, hitting it ties double in seven years. Revenues were up 7 and John Chambers is company is growing again. We in an industry that will change the way the world work. The network is at the center of all technology. Now every country, every city every company in the world will become a digital. That will allow for faster innovation and will allow horses go to become the number one i. T. Company. Sales in china were down 19 . Ecommerce site jet. Com has raise another 100 million from investors. They have now raised 220 million ahead of its test launch next month. The company is founded by the diapers. Com founder and it is a members only market is, in costco online. Dealmaking takes in the Online Travel industry wee
Billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by Hewlett Packard. In other words, its fraud. After autonomys founder and ceo Michael Lynch was fired by meg whitman, sources close to the company tell me a Senior Executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. Hp began an investigation and concluded that these accounting improprieties inflated the value by 5. 3 billion. The ceo then relied on audited financials when making a bid to buy the company. Those financials were audited but there were plenty of investors out there who questioned autonomys growth rate. Sources close to the company allege that autonomy pursued a number of avenues to make margins, growth rate and overall value appear far higher than it actually was. The company was selling computer hardware. Desk top computers, its a Software Company at a loss to supplemen
Declared. Live in manila for that. First to my partner ty in washington at the major investors summit. Ty . Thats exactly right, sue. Thank you very much. Were here at the schwab Impact Conference. 2,000 registered Investment Advisors, many of whom manage your money, 1100 exhibiters here in my beautiful if often reviled hometown of washington, d. C. Well talk to some of those Investment Advisors and find out what theyre doing with their money, their views of the marketplace, later on this hour. A busy hour from the schwab Impact Conference, one of the largest convocations of its kind every year. Back to you. All right. Ty, thank you very much. Appreciate it. Well get back to ty in a few minutes. The dow and s p 500 trading about above the record closing high levels that we saw. Were up 1573 on the dow, the nasdaq is up 130 and the s p up. 72. The three majors averages up more than 20 this year. How much further can stocks go . Up, up, says seema moody, down down down says dominic chu.
Just the fact that markets have come so far. Dow down triple digits. Yesterday the dow was slightly negative. Finished the session slightly positive. Boeing and nike, leading us lower. Some say Market Sentiment heard as eric cantors stunning defeat last night. Hell step down in his majority leader role, that announcement coming the next hour and well have full development. Barney frank joins us, larriy kudlow and republican pollster coming up on the show and well debate the house Leadership Conference when it begins. Stunning news. Making sense of these markets is nonother than the legendary vanguard innovator jack bogle who joins us exclusively for his take on these markets and what investors should be paying attention to right now. The dow is off its lows and still down more than 106 point. Take a look at nasdaq. Outperforming as of late. Down about 12 point. Thats a little more than a quarter of 1 . Finally the s p 500, thats giving up almost eight points this hour. 1942, scott, is