The patents but hardware, some 2,000 patents and trademark portfolio going to lenovo. First new phone to come out of the deal was moto x that came out last year. Has not been a big hit. Multiple price cuts. Meantime lenovo is on major acquisition spree, making this deal just days after buying ibms low server business. The deal does still need to be approved in the u. S. And china. Googles c. E. O. Said in a blog post, this will enable google to devote our energy to drive innovation across the android ecosystem for the benefit of smart phone users everywhere. On a side note, this does not signal a larger shift for our other hardware efforts. C. E. O. And founder of tech economy joins us from new york. And brad is here from us in the studio. Is google trying too hard to be apple . Yes and no. No in that the deal in 2012 primarily happened because of intellectual property. Tons of litigation, threatened litigation in the android world. They wanted the patents. And they wants to quell moto
Wall street journal but joined me for an exclusive interview. I talked to the head of the antideaf mags league, abeprosmham this morning. Following up on a letter i sent over the weekend apologizing for the use of the word crystal knox. It was a terrible word to have chosen. I, like many, have tried to nderstand the 20th century and the incomprehensible evil of the holocaust. It cant be explained even to try to explain it is questionable. Its wrong. Its evil. Now, i used the word because during the occupy of San Francisco by the occupy wall reet crowd, they broke the windows in the wells fargo bank, they marched up to our automobile strip on van ness avenue and broke all the windows in all the luxury car dealerships. And i saw thats, irmed that the police just stood by frozen. And i thought, well, this is how crystal knox began. So that word was in my mind. I did, i dont necessarily need to read from this letter but if youre interested i can. Sure. Go ahead. Well, i deeply apologize th
A year ago. A little bit of perspective. Home prices rose a modest just under 1 . What does that suggest . May be a slowdown in the works. Everyone has wondered about that. Housing is not the only bright spot. A handful of Retail Stocks touching an alltime. Nicole petallides on the floor of the New York Stock Exchange to talk about sparkling retailers. Reporter the day after thanksgiving. Amazon already started their black friday deals. Every ten minutes they have some sort of deal. That is really what theyre going to see with the holiday season. In the meantime, stocks are doing so well. Moving some highs. Macys, tiffany, and walmart as well as limited brands. But you look at these names doing well and touching highs. But also outperforming the s p 500. But they are still a performers with amazon of over 50 year today. Limited branson 38 . Tiffanys up 54 . Doing so well not only here at home, but also abroad so much so that they raise their fullyear numbers. Japan and china. Ninetysev
Publicly listed listed mutual funds. They are whiting the investor , and we will take you to las vegas to show you the latest from the contributor Consumer Electronics show. Procedural vote, six republicans joined democrats to vote yes, and archie washington correspondent peter cook is with us. Even though the move over from was there,can side it is a long way from being a done deal. They did break ranks and joined with those democrats to move forward today in the u. S. Senate, and even before the vote happened, we had top Senate Leaders lamenting this. We had six republicans, some of them from some very high unemployment states deciding to for a the final tally further conversation and perhaps another vote later this week. This would extend the Unemployment Benefits for another three months retroactively. This would affect those who lost them at the end of the year. They say it is important to keep that money flowing, and the president hailed the vote and said he would sign it right a
And one big unknown risk. A big foreclosure auction is under way down in atlanta. Buyers putting money down for homes that most wont see before they buy. Well take you along for the ride, as those buyers see what they actually bought. First lets check in with sue on this rally day at the nyse. They know what theyre buying down here today and its stocks. Lets get the trading action right now. The Dow Jones Industrial average up about 116 points on the trading session and bob joins me on the floor of the new york stock exchange. A reprieve finally for the bulls. This is the first day it seems like the adults are kind of back. The volumes a little stronger, the trading actions a little more interesting. Put up the dow, its not like the range is necessarily bigger. We have been a very narrow trading range since the beginning of the year, about 140 points on the dow from top to bottom, but theres more activity around. I thought the volatility would go up, i have been wrong on that so far. E