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Low cost 5c iphone is selling. Whats billed as the tabloid trial, Rebekah Brooks and andy coulson are on trial in london. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. All right. A very good morning to you. Thanks for joining us. We have a shortened Worldwide Exchange today. Just an hour of the good stuff because the clocks have changed in europe. London is ahead of gmt but the u. S. Hasnt changed. Well go now and well squeeze inasmuch as we can. Ftse 100 up 8 points. Five year highs. Xetra dax up. The cac quarante down 10 . Much stronger in asia...

Book of World Records. And see the fantastic colors and shimmering palaces in the amazing world of ice and snow. All that and much more on cbs this morning saturday, january 11th, 2014. Captioning funded by cbs and welcome to the weekend. We also have some great guests for you here in studio 57 this morning. Shes the queen of the tennis court, and shell represent the u. S. At the olympics in russia. Well ask Billie Jean King about the fight for gay rights here and in russia. Plus the ultimate food fanatic. Lees first culinary job was at a chinese takeout place. Now he runs two of the the world...

Peace office offer. And signing away the throne. Spains king hands over the throne to his son with the stroke of a pen. We thank you for joining us. We start this news hour in iraq and deteriorating security situation. Earlier fighters from the islamic stat Islamic State in iraq and the levant attack iraqs biggest oil refinery. In another video purporting to be sunni fighters, rebel forces parading in the town. We have reports. Reporter iraqs war against the sunni rebels is just a weak old and already families like these mourn their dead. An infantry man in iraqs army. His family is shia. His ...

And revoked, time running out for the Washington Redskins. The world cup competition the reigning champs are going home. Tonight, the latest battle in iraq is over oil. Its a fight for the countrys Biggest Oil Refinery and iraqs future. Sunni rebels attacked the complex at bigi north of baghdad. Iraqs government says its forces beat the rebels back but witnesses say the rebels control the refinery. A reaction from washington tonight. The pentagon says its increased surveillance flights over iraq but how should the u. S. Respond . Randall pinkston is there. Saying president obama had given cong...

President obama met with congressional leaders to discuss the crisis in iraq hours after iraq asked for assistance. Iraqi has officially asked for the help of the United States. According to the strategic Framework Agreement between iraq and the United States to help in the air raids against the strategic targets for such groups in order to break the psychological situation that exists and to help the Iraqi Military forces to eliminate the danger of these groups positioning themselves and hunkering down and start defeating them. This comes as the islamic stathes Islamic State in iraq and the l...