Troubled schools is leaving the job earlier. He completed work ahead of his 18month schedule, with Governor Snyder pushing the legislature for state funding to address the state debt. Thats global news. Im mark crumpton. Im emily chang and this is bloomberg west. Ating up, slash and burn yahoo , cutting jobs, winding down legacy products, and addressing Strategic Alternatives, but what does that mean . And we hear from oracle ceo mark hurd of what it takes to be a leader and what it takes to keep competitors at bay. We check out how mega cabs compare with the Biggest Companies over time mega caps compare with the Biggest Companies over time. But first, to our league alternativesing for the core business. Is that the company putting the for sale sign on the door . For the time being Marissa Mayer exploring aosts and spinoff of the web business rather than sell now because they feel it is kinder late it is currently undervalued. Is up 12 . Revenue but here is what chairman maynard webb a
After that recordbreaking high yesterday. Santa rosa 56. It is yet another spare the air day. You can count on another one tomorrow. It is yet another heat advisory day but this time, its all 7 Million People that live here in the bay area. Count on another heat advisory day tomorrow, as well. Numbers from 90 in pacifica, 93 in San Francisco, down from 95 yesterday. But up in livermore from 104 degrees to 106 degrees. Well talk about relief and when we can all breathe a sigh of relief coming up in a matter of minutes. I had to run the ac just for the drive into work at 2 30 a. M. Mine is always on. You run hot, liza. I do run hot. Westbound 580 approaching grant line debris in lanes slowing down traffic. It is slow now from beyond the 205 interchange. Thats the usual backup just watch out for this problem again 580 at grant line. Also an accident in the clearing stages involving a car that overturned. Its off to the shoulder all lanes open causing delays. Wide open still at the san mat
This weekend. What does it mean for apple shares . And cell phone towers are sprouting up all over the d. C. Area and other parts of the country. Amine javers reports they are not routing cars at all. They are collecting data. Why and who is behind it . Down to sue at the New York Stock Exchange where it is a tough day to be on the bull side. If you bought into short etf you are on a roll today. The rwm is the inverse of the russell 2000 index. It is up almost 1. 5 today. Psq is inverse of nasdaq 100. Sh on the other side of the s p. All of those indexes including dug, doug and myy is inverse of mid cap and sbb inverse of small cap all up today. We start with bertha coombs. The shorts are finally having their day and very tough to be long. Both big caps and small cap. Yahoo is the biggest cap and the biggest decliner of the day. If you take a look at the last week big enthusiasm into the alibaba ipo. Now what . What are you going to do with all of that cash that you are going to get ev
Quick top Global Business stories of the morning. Mario draghi said he wants to raise inflation as fast as he can. It looks like he has some serious work to do. Here he is at a News Conference in frankfurt. Latest projections indicate lower inflation. Accompanied by weaker geo do to do the growth and subdued economics. The ecb cut his forecast for both inflation and gdp growth through 2016. Draghi says the central bank will gauge the need for further stimulus at the start of next year. Russias president Vladimir Putin took aim at the u. S. And European Union today in his annual state of the nation address he says both impose economic sanctions on russia anyway no matter what happened in ukraine. He said their goal is simply to hurt the russian economy. They may have to change the old , posting its 10th straight quarterly loss thanks to falling sales. Sears lost 548 million in the third quarter. The ceo eddie lambert, hedge funds are you near, has been selling and spinning off assets to
In some cases they have gone down. And dont forget about energy prizes. Api reported u. S. Oil stock piles surged by 13 Million Barrels this past week. Well be getting official data on inventories from the energy administration. The dow was down close to 300 points. This morning youre seeing a very modest rebound. Dow futures up by about 14 points, s p by 7 and nasdaq by 46. Lets get you through a flood of stocks to watch this morning. Lets start with apple posting the largest profit in corporate history ever to the tune of 18 billion. The results blowing away even the most bullish estimates though i did see some worries. What do you think the dependence on the iphone. Too dependent on the iphone. I think id take the other side of that trade. You can depend on something not selling nearly as well. I would put all my efforts on something that barely sells instead of something that sells so much. Im glad its apple earning 18 billion because when exxon earned 10 billion people didnt like