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Is ramping up its competition with google fiber and other highspeed internet providers. At t is launching a major expansion of its highspeed service, and will bring it to 21 major cities. Power our giga delivers speed faster than standard web access. s purchase of how stuff works did not work out well. The company sold it last night at an 82 loss after buying it a year ago. Discovery will still provide Advertising Services to the site for the time being. Its 7. 2 billion acquisition of the nokia handset business will be completed this friday. Microsoft is going to manage the nokia. Com domain and social media sites after this year. Microsoft will not acquire nokia s korean factory, which was originally part of the deal. Air b b closing a new round of funding, raising more than 450 million, according to multiple reports. That values the home sharing site at 10 billion, more than established hotel chains like hyatt. There is a ....
All around the world today. Well talk a lot about what the baseline is for sales this weekend in just a moment. People lining up all around the world, trying to get their hands on the new iphone. With enthusiasm translate to investors enthusiasm as well . And were days away from a possible Government Shutdown. President obama already promising to veto the bill. Sales at olive garden and red lobster falling sharply. And Steve Ballmer saying its weird for him to come to work these days. Apples new 5s and 5c going on sale in the central zone now. They went on sale on the east coast about an hour ago. Courtney reagan is tracking all the action. Good morning. Reporter good morning to you, carl. They did go on sale here about an hour ago. In my hand i have the iphone 5s. This is the beautiful gold version. Im gripping it very tightly and i have the iphone 5c. This is the blue o ....
Beach. Lets talk, for a moment, about the revenue you have seen over 2013. It turned out to be a rather challenging year . Yes, it was a challenging year. We saw a fairly sizable reduction in our mining business, which frankly surprised us a little bit. In 2013 to do a lot of things in our company. We are very proud of our team. Strengthening the Balance Sheet, the debt equity ratio today is the strongest it has been in 25 years. If you look at the fourth salesr, we actually saw drop 10 . 1. 7 billion dollars less in sales. Taken from what we had in 2012 compared to operated earnings, we were better. We are very happy about that. The quality of products has never been higher. The Safety Record in our plants and offices is good. There are things to celebrate. More than just the top line. I know that you did a lot of cross costcutting in 2013. Cut 400 million in spending. As we l ....
Economy. Its a fine line to walk, but that is what the central bank is saying there today. Speaking of china, growth in the countrys Services Industry edged up in october. A private survey suggesting there are further indications that the economy has stabilized. And Australias Central Bank announcing its keeping its cash ready steady at a record low of 2 . The European Commission out with its latest forecast this morning saying that europes economic recovery will continue into the second half of the year, though, as subdued pace. In the meantime, unemployment will remain high through next year. Well have more from Ross Westgate about how that is affecting european markets, but rye in and out, andrew, back over to you. Thank you, becky. Jpmorgan has t ....