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This before you get on the course. Ill buy some brain pants, andrew. Ask him if he looks like you need a nap . Yeah, do i look like i need a nap . Probably. Weve got to say thank you to our other guest host who has been back with us, jeremy siegel, the bull. Steve liesman, also thank you for sitting in all week. Thats been terrific. Becky and joe, its been great. Good luck over the weekend. We hope you get back here and it all works out. Say hello to nemo and the weather. Were going to see you be careful with all that snow. Absolutely. Anyway, make sure you join us monday. Squawk on the street begins right now. Good friday morning. Welcome to squawk on the street. Im melissa lee. Were live from the New York Stock Exchange. Lets see how your friday session is setting up on the u. S. Futures. It looks like well have a positive session with the s p looking at 2 at the open, dow looking at 13. In europe, the eu summit continu ....
diplomat diploma diplomats. bangkok says an iranian man threw grenades as he tried to flee only injuring themselves. he is facing criminal charges. the iranian government denies any link to the bombings. china s presumptive leader in waiting says he wants the u.s. and china to work together to find a better trade balance. xi jinping met with president obama in washington. he is expected to succeed hu jintao as china s president next year. world business today starts right now. good morning from cnn london. welcome to world business today. greece gets a slap on the wrist. the government still hasn t done enough to qualify for a new multibillion dollar bailout. the debt crisis dampens s europe s largest economy, germany. france is still expected to grow in the fourth quarter. and why twitter won t be going towards an ipo. supposing you re not a greek national, sunday s austerity deal in athens may have seemed too good to be true. turns out it was. the presid ....
During her reign essentially gave up on search business, ad revenues falling. bartz did have to cut costs to preserve profits. the share is now slightly higher as you can see, than when she was fired. shareholders still wanted the company to be sold. this fresh appointment doesn t seem to have allayed fears. maggie wasn t kidding when she said it was more exciting that carol bartz was fired than the new hire being announced. that was a spectacular corporate story. yahoo! certainly hoping the new ceo can maintain a slightly more harmonious relationship with the company board than his pr predecess predecessor, carol bartz. when she was giving the news over the telephone, she didn t hide her feelings. she gave an interview to fortune magazine in which she said, these were her words, take ....
Yahoo! has been without apparent direction, trying to decide whether to sell assets, go private or allow itself to be sold. earlier, richard quest asked maggie lake what we know about the new man in charge. we don t know a whole lot about him. he s well respected, comes from paypal. he s a person with a payment background, not the name you d expect for a company that needs something dramatic. that s the problem, richard, this whole announcement today, it was much more exciting to see carl bartz get fired than it was to see this guy get hireded. hardly a ringing endorsement. that may have to do with the sheer depth of investors despair. yahoo! has gone from being a star of the search world to something of an extra. it peaked in 2006 when it was the number two search engine at ....
40 bucs a share. $43 actually. competitors cornered its markets, google now dominates search and ad revenue, facebook dominating social network and lack of aggression, perhaps, is the common charge thrown at yahoo! that failed to make deals with its competitors. 2008, fast forward there to the botching of its of the microsoft takeover in 2008. it turned down $47 billion, compare that with its current market capitalization of $20 billion. also botched, it said, anyway, according to analysts, an ad revenue deal with google that same year. bartz joined at the start of 2009. let s have a look at where we are now. sorry, january 13th, 2009, carol bartz was hired then. let s have a look at the next one here, carol bartz being fired and share price, $12. ....