Good afternoon. The family behind the British Defence company, cobham, has criticised the government for approving a £4 billion take over by an american firm. A merger between the dorset based manufacturer and Us Private Equity Group advent was agreed injuly, but it was delayed over National Security concerns. Late last night, the business secretary, andrea leadsom, who announced the decision late last night, said it had been taken in conjunction with defence chiefs. Lady cobham said the announcement had been cynically timed to avoid scrutiny. Our Business Correspondent Katy Prescott reports. One of the uks oldest defence companies. A pioneer of air to air refuelling, cobham started life in the 1930s as a flying circus. For the last few months, the government has been grappling with whether to allow its sale to the American Private equity firmed advent. The daughter in law of the founder has been critical. She says this is a deeply disappointing announcement and one cynically timed to
Instead they stayed silent and the waiting game continues. Joe johns joins me from washington to tell us what this all means. First off, is there anything, joe, to read in to this mornings silence coupled with fridays silence on this issue . Honestly, nothing at all. They could still decide later in the week, quite frankly. They could decide next week. This is a thing about the court. They really dont send a lot of signals or messages to do something and we have been telling people all along that, you know, theres potential for this to come later on. They can still go in march with this. And we could still get a decision around june. So, dont read anything in to it. That said, you know the broad legal question the Supreme Court considers of equal protection. Basically do same sex couples deserve the same rights and benefits as all other americans . We dont know if the court wants to hear the case. It could be a much narrower case about the defensive marriage act, it could be limited to
The moment, to charles, the prince of wales, to william the duke of cambridge, and after william it will be the child. Now, heres the interesting thing. Whoever or whatever sex is born, the law that is are now being prom you will gated come to fruition, which it will, whether its a girl or a boy, they will become monarch. The current rule is, of course, the males first. Even if a female is born, if a male is born, knocks the female out of the line of succession. That is going to change. Now, all this is a long way in the future, but it does mean that this is not only the first there are so many statistics. I can bore on for britain about this. The last time we had three people in line of succession was 120 years ago with queen victoria. Of course, we have king george and then edward xii. We now have the queen, charles, william, and whoever is born to the duchess of cambridge. One images, richard, you know, in your neck of the woods the media is not known for holding back, especially wh
Protests against political moves by the president , Mohamed Morsi, have turned deadly. Tanks, armored personnel vehicles, all stationed outside the president ial analysis cairo. Not only are they guarding the palace, theyre also keeping apart supporters and opponents of morsi. Hundreds of his islamist supporters already taking to the streets in cairo this morning. Opponents are gathering not very far away. Last night the two sides clashed right outside the palace. The violence killed at least five people. Hundreds of other people were injured. Opponents are demanding that morsi dial back on those sweeping powers that he has granted himself. Cnns reza sayah is live for us in cairo this morning. Whats the latest . Reporter soledad, were getting the first signs that maybe, just maybe, cooler heads are prevailing and peace could be extraordinary in front of the president ial palace. Within the past 20 minutes, weve seen about a few thousand of president morsis supporters move away from the
Up 125 points. After two days of selling we are seeing some Market Action to the upside. We are above the 13,000 mark, well above that. 13,076. The nasdaq squeezing it out. Concern for apple, but financials are doing well. Lets take a look at the group. Laying off 11,000 workers, that is the plan. A new ceo in place and he wants to make his mark. Up 6. 5 . It is under pressure, nowhere near 700 for the alltime high in september. The latest findings other actually going to use the market share for the ipad to the android in some microsoft folks, theyre facing intense competition. With the findings you see stocks down 4 . Back to you. Melissa interesting. Lori thank you. Melissa a battle for a deal inn the fiscal cliff continues, democrats cannot seem to find a compromise on top earners. Rich edson is back in the white house with more. President obama said look, if republicans agree to my tax plan, we can get this deal done in a week. 3 john boehner is waiting on the president , he says