gains in this entire year. and the big news came with the fed releasing the stress test results for the banks, and i say the fed releasing, this was actually a premature release from the fed that was prompted by jpmorgan, one of the big banks came out and said it would be raising its dividend also and plus how it would be buying back shares because it passed the stress test and overall the fed released everybody s. 15 of the banks of the 19 banks passed with flying colors. four of them had a few issues, but overall it really kicked things off and we re seeing a little bit of a followthrough on that today. all right, thank you, becky. i ll see you tomorrow. the daily rundown will be back in 30 seconds.
in libya, rebels claim to control most of the capital but gun battles continue in some parts of tripoli. an evacuation boat arrived there today for stranded migrants. the vessel was sent by the international organization for migration and can carry 300 people. to the west of tripoli, renewed fighting is reported near za ware and nato says three surfaces to surface missiles were fired on monday night near moammar gadhafi s hometown. nato is not aware of casualties or damage. the foreign minister is to fly to benghazi today to meet officials of the national transitional council. the chair of the alliance of nations is there to deal diplomatically with the libyan conflict. andrew? charles, meanwhile, moammar gadhafi is nowhere to be found. one of his sons, his chosen success, saif gadhafi has reappeared. he unexpectedly presented himself in front of cameras outside of tripoli hotel. libyan rebels had claimed to have him in custody. but clearly, free and able to move about, sai
it. police in norway will interview anders breivik today. he s in solitary confinement in a prison near oslo. meanwhile police have called off the search for more victims of the shooting rampage on utoya island. 68 people were killed. a formal inquiry into britain s phone-hacking scandals began in london. a woman who worked with the now depuck news of the world tabloid after her daughter s murder now says her phone was hacked. sara payne had defended the tabloid, even writing the last edition, and calling it a force for good. there s been some break for the rain-soaked korean peninsula, and the clean-up is under way. huge tract ts of farmland are flooded in northee kra and about half a meet over rain poured down on the south korean capital in just 48 hours. at least 51 people died in floods and mud slides. those are the headlines. i m zain verjee, and world business today starts now. captions by vitac www.vitac.com a very good morning to you. from cnn london, i
the companies use the cash to go offshore to buy back shares. it wasn t used to hire people. the company leading the charge of the repatriation is cisco. cisco is in a situation where the stock is falling 25% over this year. they want money from overseas to buy back shares and pay off dividends to pay back shareholders. buying back shares is what this is about. that s all it s been about. they want cash from offshore, tax free to buy back shares. to bypass your point, they brought back $299 million. it didn t go towards job creation. it s not going to go next time. i give you a quote for paul ryan. he said, quote, it s a good idea. we ought to have it every day instead of a repatriation every seven years, let s have it every day. does that mean he thinks that the corporation should pay 5% in
actually went towards either increasing dividends or buying back shares by the corporations. it did not go to new jobs, new investors or research and development like the corporations promised and this came out by a way of the report of one of president bush s economic advisors who was involved in the program recent came out with. but it s a different time now. unemployment near double digits and we have workers who are doing, two, three jobs apiece. isn t, wouldn t they be hiring new people if they did bring the money back? well, i think, yes, absolutely, brenda. i think this is one of those kind of squeeze out of the vest, if you remember that phrase, means the same, this is a no-brainer. and look, dr. bob, we ve already seen in fact, i don t know what the next, said this is a jobless recovery. i don t know what the next step is, because in fact. more jobs were lost since the stimulus started than were created so we re really down on jobs, showing, look, the