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the arab league has released a statement criticizing syria's failure to end the violence against protesters. preliminary results show nicaraguan president is heading for certain re-election in sunday's presidential election. he enjoyed strong support thanks to anti-poverty. and a solid victory was won in guatemala. lady gaga stole the show at the mtv mewes acusic awards. justin bieber, eminem and katy perry were among the other top winners. those are the headlines from cnn, the world's news leader. i'm zain vergee and "world business today" starts now. good morning from cnn lon...

Amtrak hopes to build another tunnel, but it plans are tentative. it has no funding. it has done no design work or environmental studies. it is at the stage that the a.r.c. tunnel was about 20 years ago. >> so this won't happen. it's impossible. oh, wait, it happened. >> right. >> i got to go to you and say i actually -- i got my start in politics in a tax revolt in 1993, pensacola. they wanted to raise property taxes 65%. and i got a group of people together and we -- we killed it. and they were going, oh, this will never happen. we don't have the money. we're going to have to close down play...

Following dangerous flash floods. fast-moving water filled the streets of a mobile home park leaving behind a big mess. there were also several rescues but no one was hurt. the north coast of papua, indonesia was shaken by earthquakes. four tremors hit the area within an hour's time, and two more followed later. the strongest was a 7.0 magnitude. iran has started design work on a new nuclear reactor, and iranian media report the design should be complete in two or three years, and the reactor should be operational within five. just last week the u.n. slapped iran with sanctions over its co...

They can focus on doing what they do best, which is design work. they're responsible for permitting us to use designs that they already created or create designs that they have a concept for that we've discussed. it's our responsibility to take their designs, get manufacturered. market them and distribute them. four times a year they get a check for the percentage of the sales, whatever the royalty rate is. it's a way to supercharge their sales. it's a way for us to to find someone with a proven concept. >> a product line that has expanded to everything from stationary to pajamas and jewelry t...