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CNNW World Business Today September 28, 2011

special coordinator for the peace process says it was contrary to international law, joining a wave of condemnation from around the world. in italy, amanda knox s defense team will resume closing statements thursday. and lawyers have to answer prosecution charges that the american was a demonic she-devil responsible for the death of her roommate. knox is appealing her murder conviction. jurors should get the case next week. those are the headlines from cnn, the world s news leader. i m zain verjee, and world business today starts now. good morning from cnn london, i m charles hobson. and a very good afternoon from cnn hong kong, i m andrew stevens. welcome. the top stories this wednesday, september the 28th. assessing the state of europe s finances. barosa says the debt crisis is the greatest challenge in the history of the european union. and despite reassurances from the greek prime minister, most germans still think it s a mistake to help greece. plus, ....

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Detailed text transcripts for TV channel - CNN - 20100625:15:55:00

But now a year after his death, the king of pop s finances finally possibly on the road to recovery. allis alison kosik is at the new york stock exchange with more on that. allison, we remember how much financial trouble he was in. sounds like now a year after his death, he s digging out of that hole, amazingly, out of that financial hole. that s exactly right, it. j. because even in death, those bills still need to be paid. and those bills are now being paid. and we talked with a source who knows the intimate details about michael jackson s estate finances, and here s what we found out. michael jackson was almost $500 million in debt at the time of his death, and it really makes you wonder if one big problem is the fact that he didn t work in the years leading to his death and then his career took a hit when he had to fight child molestation charges. he was spending a lot of money, ....

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Detailed text transcripts for TV channel - CNN - 20100625:15:57:00

Million and then it s expected he will make millions of dollars from other projects, including a cirque du soleil show, and even a video game. t.j.? wow, that is amazing. but i guess we should understand, because even now all these years later, elvis, quite frankly, is still making money, as well. and he may surpass elvis. he may surpass elvis. alison kosik, good to see you as always. thank you so much. we re keeping an eye as we told you on weather today. and there are weather watchers out there with their eye on a major storm system that could cause a problem in the gulf. the last thing they need there. we re going to be talking about it. and how this could all play out. that s coming up in the next hour. plus, an update on the disaster with the coast guard admiral, retired admiral now, thad allen. lf-injectable ra mede you take just once a month. it s simponi™, and taken with methotrexate, it helps relieve the pain, stiffness, and swelling of ra with one dose a month. ....

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Detailed text transcripts for TV channel - CNN - 20100625:16:33:00

Checked this out earlier, a name and a face you know, attached a golden parachute now. they say it s unlikely for tony hayward, the bp ceo. some call him the most hated man in america. speaking of money, gained ground. of the dow only down six points right now. but let s go to the new york stock exchange now. alison kosik is there. so much financial news to keep an eye on, but also how are traders down there reacting to this new deal that was apparently made up on capitol hill this new wall street financial reform? yeah. and you re talking about new rules for the road for wall street. and that s why we re bringing in ken polecari with i cap equities. are we going to see things change are will these banks go through loopholes to play the game differently? i think what is going to happen is they re going to find a way around the regulations. they ll create new subsidiaries and end up continuing to do what they do, and find loopholes in ....

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Detailed text transcripts for TV channel - CNN - 20100625:16:35:00

I don t see it. i don t see us coming out of it. what s if it going to take this turn the economy around? listen, it s going to take the real creation of jobs, not census jobs, but a stabilization in the housing industry. it s going to take a stabilization of europe. it s going to take a stabilization of asia. it s going to have to be a global, global force that s going to take place, where everybody is kind of on the same page. right now, it s very sporadic. but what s it going to take to get things really moving? things are moving very slowly and sluggish. listen, it s just time. it s going to take some time for the economy to work its way out. interest rates are at the lowest they have been for years, and they re going to stay low. so they re going to stay low well into 2011. ken polcari, there you have it. it s going to take jobs, t.j. that s where it s at. well, ken sounds like he should be on somebody s economic team somewhere. he certainly sounds like he knows what h ....

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