was down 11. in tokyo, the nikkei dropped 78 points, in hong kong, the hang seng gained 214. a flood of earnings before the bell will likely drive markets today, provided there are no major hiccups in spain s scheduled bond auction. worries about spanish debt resurfaced weapons as traders worried a sloppy auction could send borrowing rates back into bailout territory. the bigger drag yesterday was disappointing results from ibm and intel. after the bell, american express reported a 7% jump in net income as customers spent and repaid more in the first quarter. kfc and taco bell parent yum brands posted a whopping 73% profit gain, thanks to taco s bell impressive rebound. and elsewhere after hours, mobile chip maker qualcomm shrank 3%. ebay blew past wall street s
upbeat earnings and signs spain s debt crisis may be easing helped stocks tuesday. encouraging sale of the two year bonds drove the country s borrowing costs out of bailout territory. shares of coke shot up 2%. earnings after the bill were mixed. hardware sales weighed down first quarter revenue. after the bell, warren buffett revealed he s battling stage one prostate cancer. however, the berkshire hathaway ceo says his prognosis is positive and he feels great.
governor, the new prime minister will have to call early elections and implementing the debt deal. michael jackson s doctor is scheduled to be sentenced november 29th now that he s been convicted of involuntary manslaughter. dr. murray showed no emotion when he was taken into custody. murray could be sentenced up to four years in prison. an asteroid bigger than four football fields wide will whiz by earth today. don t worry about it. astronomers don t expect it to hit us. it s the closest it s come to earth in 30 years. if you want to catch a dplims of it with a telescope, the best time is 9:00 p.m. gmt. world business today starts now. good morning from cnn london. i m charles hodson. this is world business today. our top stories on tuesday, november 8th. electronics maker olympus admits to hiding investment losses. greece is close to naming a new prime minister. have investors lost confidence. editor in chief says it s not just about hem lines anymore. the futur
the former libyan leader was buried at a secret location in the desert. a handful of supporters paid their respects. in tunisia, a moderate party has won the country s first free election. the country s once banned party has begun coalition talks, but the results have some worried that the rise of a religious party might endanger civil rights especially for women. and now officials say they ll reach out to secular political parties to form a broad-based moderate coalition. the thai government is in crisis mode as floodwaters push further into bangkok. they shut down the city s second airport on tuesday. waters ep croced onto runways making takeoffs and landings impossible. the airport s been doubling as a shelter and headquarters for flood relief operations. those are the headlines from cnn, the world s news leader. i m zain verjee, and world business today starts now. it s the day investors have been waiting for. they meet in brussels to hash out a complex plan to hash
they are refusing to leave the jail until they get permission to hold their fast. i m zain verjee and world business today starts now. good morning from cnn paris, i m nina dos santos. welcome to world business today. the top stories this wednesday, august 17th. leaders of the eurozone s two top economies meet and investors are not impressed by the outcome. the world s largest economy hasn t been inspiring much confidence either. in an exclusive interview u.s. president barack obama tells us how he wants to turn that around. new evidence emerged in the news of the world hacking scandal challenging james murdoch s testimony. first, let s get straight to the markets. if investors were holding their breath in the hope of a break through in europe s sovereign death crisis, they ll still be waiting to exhale. tuesday s much-hyped meeting between the french president nicolas sarkozy and german chancellor angela merkel was a damp squid in the eyes of the market as