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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...

Tracy im tracy byrnes in for gerri willis, less than 3 weeks before u. S. Falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. Second in command, eric cantor warning members not to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart . You know we are. I started optimistic to get this done before the holidays, but, i dont feel that way, it seems to me the decision has been made, perhaps by white house to take us off...

Dead in for gerri willis, less than 3 weeks before u. S. Falls off the fiscal cliff, speaker john bain ser slamming the brakes on any hopes a deal is coming soon, making it clear both sides have differences. Second in command, eric cantor warning members n to make any plan for holidays, and kevin brady of texas, vice chairman of joint economic committee, thank you, are we still that far apart . You know we are. I started optimistic to get this done before the holidays, but, i dont feel that way, it seems to me the decision has been made, perhaps by white house to take us off this fiscal cliff....

His First Court Appearance is officer matthew switzer. The officer who is been on paid leave since february is battling addiction and checked into rehab for treatment. Prescription drug abuse is the Fastest Growing drug problem in the united states. Unfortunately it appears officer switzer is another casualty of that trend. Switzer who turned himself in is facing two counts of firstdegree burglary, one count of seconddegree burglary one count of fraudulently obtaining prescription drugs and one count of elder abuse. The District Attorneys Office says switzer used his status as an officer to st...

Patrols on duty. The next big question that people are asking, what about the weather for tomorrows parade . I was just outside. I dont know. Skies are gray. Theres talk about rain. Well go to our chief meteorologist paul deanno. Its going to rain a lot tomorrow but the timing is so critical for this and i think im getting more and more confident that the driest part of the day is going to be when the parade happens. Our official forecast partly cloudy and cool. There will be a chance of showers. Let me break it down hour by hour. The wettest part of the day is when youre trying to get to the ...