Bouncing back from profit warnings saying it will cut spending and step up asset sales this year. Spains economic continues to pick up the pace. Good news in germany where the jobless numbers fall faster than expected. And hanging up on hand sets, google gets out of the business of making smartphones, selling its money, using the motorola unit to lenovo for nearly 3 billion. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A very good morning to you. We concluded the feds last meeting. Ben bernanke as expected was a 10 billion taper once again. And not a huge amount of deception from the fomc. Equities following asia and the u. S. Lower, the dow down 189 points. Down to lows we havent seen since november 7th. The s p down to december 9th lows. Its a huge number of individual stocks to look at. How does that translate into the indices . The ftse 100 was down some 28 points. Its down another 28 points today. Xetra dax off 0. 4 . The cac 40 of
Lenovos smartphone strategy is paying off. They deliver a jump in profit as its new hand set business offsets personal computer sales. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. You are watching worldwide exchange. We are just modestly lower, around 0. 2 . It is gdp day and the data we got out specifically this morning for germany and france, that was definitely disappointing. The recovery is losing steam. Lets have a look at the markets one by one and see how theyre responding to the data. The xetra dax is down by 0. 1 . Rew blaming its Renewable Energy subsidies for that big decline. The cac 40 is off by 0. 5 . The ftse 100 outperforming this morning by roughly six points or 0. 1 . Lets get to some of the top spots were watching for you this morning. Balfour beatty up 1. 9 . Carillion says it is confident on the new approach which would pay shareholders an additional Cash Dividend of 8. 5 pence a share. Rwes