new york oil is hovering around. nokia is close to a deal to sell to a group of german automakers. bmw would be the buyers. stephanie: the has been a big shakeup at toshiba over and ask accounting scandal. they will will have to restate earnings for six years. we have the story from hong kong. they announced after the closing bell in japan that they will resign. it is alleged top executives sent set unrealistic profits. a number of other executives will also resign. it you management team will be released in august. toshiba has pledged to correct its earnings by $1.2 billion. the share price rose 6%. stephanie: they make appliances in nuclear reactors. nike has given their ceo and award that is almost 10 times higher than what he usually gets. he has been awarded restrictive stock with a value of 30 million bucks. those are whole of sneakers. phil knight has endorsed him to succeed him as chairman of year when he retires. erik: zach johnson needed a few extra holes to w
german software giant delivering a mixed bag. two french luxury stocks today. shares fall in part to japanese consumer demand and shares in the drinks maker lower. and to our top story in the last couple of hours toshiba announced the resignation of his ceo over the accounting scandal. he ll be replaced by the japanese firm s chairman with 8 of the 16 board members expected to step down. the changing management is due to this scandal. the president and chief executive will be replaced by the chairman. his predecessor who is vice chairman will also quit. now we are awaiting for the leadership team to announce and tell us about it being made. it s helping the tokyo index approach an 18 year high. the japanese index already trading at a three week high. investors are cheering the management change. it s going to take time. 8 out of 16 board members will be standing down. that s a lot. it s a big management shake up. more board changes to follow they say. incidentally also
man opened fire and a movie theater last night. he killed two people and wounded nine others before killing himself. the shooter tried to escape and then turned back when he saw police entered the theater. governor jindal: when these acts of violence happen in a movie theater, when there is no real good reason why this kind of evil should intrude on the lives or families were out for a night of entertainment, a lot of us were horrified and shocked. the great thing about america is when any of us suffer, we all suffer. this is a time for us to come together. vonnie: and we have breaking news. anthem will buy signet cigna. this had been telegraphed. we re waiting for this to become official. anthem is buying cigna. that would work out to $48 billion, creating the largest health insurer in the united states. a year of talks. tom: and a moment in our financial history. i wish chris halen with you - chris whalen was here. i ve never seen a headline that says anthem combined comp
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