The sun is in talks to take control of Mitsubishi Motors nissan is in talks to take control of Mitsubishi Motors. Looking at the share price, it is down 1 but there is no indication it is really moving given that volume is not really heavy. 14000 and 104 shares. Is the share price of nissan pus american depository receipts. Americansans depository receipts. We will continue to monitor this as the news continues but we want to get more from Ramy Inocencio. Ramy taking a look at the major markets and how things are react in, not much here in terms of those headlights headlines. Across the board, we are in the red, the dow is down the most by about two thirds of 1 . This is off the back of what happen yesterday when we saw the best game in the markets in the past two months. Today, corporate earnings is one of the big ways. 90 of the s p equities have reported and in terms of earnings growth, it is actually negative on that sense, down 8. 7 year on year. Ratel concerns are another. I want
Will do what it needs to get more bailout money from brussels. Greece is facing a monday deadline. Athens wants to have a deal approved by next wednesday. They are among the investors backing a bermuda venture seeking to raise 2 billion. They also have plans for an initial topic offering within five years. The dallas fidelis will compete with rivals. Tim cook is slamming the indiana law that could allow businesses to refuse to serve gay people. He says their stores are open for everyone. Gayrights groups worry the act will be used by businesses who do not want to provide services for gay weddings. Gay marriage became legal in indiana last year. We have less than an hour until the close of trading. Lets go to the breaking news desk where scarlet fu is looking at all the action on wall street or perhaps lack of action. Scarlet stocks are attending to and four Straight Days of losses. This is a tame come back. The dow is 25 below the 10day average. In the s p 500, energy, tech, and financ
We are pretty much going to be able to do that. 1851. Traders have been having trouble with the market because it gets almost there and turning back and retrieving. So it has been difficult. I wore green up for a reason today. I knew i would need it. Heading to olivia sterns. The king of green, shares of , shares up almost 20 . Speaking of green, j. C. Penney shares are up. They think sales will increase in margins will expand. Also watching ebay, a story you know well. Carl icahn and ebay stepping up the attacks on one another. Carl icahn has written his third letter in four days, accusing ebay of having conflicts of interest among the board erectors. Back. S firing their ceo says carl icahn is well entertaining and false and dead wrong. Also watching shares of other bees down come in pretty much flat. This is after dan loeb says he is willing to work with sothebys image meant. Softening his tone a little bit. Back in october he wrote a scathing letter to the board, calling for the ce
There are concerns about cracking down on money transfers and that might dampen the demand for gambling. Analysts have come out and said maybe the concerns are overblown. We have seen these stocks in down across the board. They are sharply lower. Time now for our big story, deal or no deal. Top executives from comcast and Time Warner Cable are just finishing up on capitol hill, defending the 40 billion merger. Lawmakers are concerned about what it means for consumers and prices. Testifying against the deal before the House Judiciary Panel , cogent medications, rural media group, an american cable association. Yang yang joins us. What were the highlights . Clocking in at four hours, plenty of arguments on both sides. Understandably, it was david cohen, executive Vice President of comcast, who fielded most of the questions. He seems to be an old pro in these type of hearing. Before the senate last month. Theres only one question he could not answer, and that was whether or not the deal w
It is the momentum stocks. We have seen this theme in the past several weeks where we see some selloff of these momentum stocks, ones that have really been running up for a long time. But it has been in fits and starts. There will be a selloff and then will recover a little bit. There is not really a specific individual catalyst for many of them. Take a look at facebook. This is emblematic. One of these big momentum stocks that has been performing well that has now been pulling back recently. Today, it is down 4. 5 . It is also happening with the biotech which has been big momentum stocks. If you look at the nasdaq take index, it has been up big. Then we have seen these big pullbacks. Right now, it is at its biggest oneday drop since 2011. A longer stretch since we have seen that kind of a drop. I want to mention one stock that is uptodate considerably grubhub. It is surging today. Did raise about 190 2 million in its ipo. Today, folks are buying that stock, bucking the overall market