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The ceo of the unit steps down. Samsung flags up a sharp drop in profits for q2 as consumers in china and europe hang up the hand set. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to worldwide exchange. U. S. Regulators look to be turning their sights on germany on a crackdown on some of europes biggest banks. They have begun settlement discussions with commerzbank. The bank could be facing a fine around 500 million as part of the settlement. I believe in their latest financial accounts, theyve provisioned around 930 Million Euro...

welcome to "worldwide exchange." i'm louisa bojesen. the executive chairman eric smith is with the company's head of david cameron suggesting that he could. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> hi, everybody. welcome. a fresh start to the weekend. look at how we're starting. we're focusing on commodities in this morning's trade here in europe. not just is oil a little lower, but particularly in spot gold and silver, we're seeing a big correction there. a lot of factors could have to do with why it is we're seeing thi...

money managers billed 1.4 billion from u.s. futures for the week that ended may 14th. currency is a big part of this story. the yen is at 102.63 and the euro is at 1.2862. >> and our top corporate story this morning, yahoo!'s board have now agreed to buy tumblr for about $1.1 billion in cash. the blogging service was featured just like week on cnbc as a member of our distrubter 50 list. i don't know if we now need to get a new member of that list, but at least it's working. the deal is expected to be announced as early as today, probably while squawk is on. we had a top tumblr go on ...