In its worst sales slump in a decade. Sales have fallen for more than 2 last year, falling for five straight quarters. He will be replaced by a brit. He previously ran the chain of restaurants in the u. K. Fourthquarter profit Beat Estimates at europes biggest lender, deutsche bank. Legal expenses dropped. Fourthquarter profit fell at ford battered by losses in europe and south america. They restricted production of its f150 pickup while rolling out a new aluminum body version. Facebook sales up in the fourth quarter. Expenses rose, too. Here is the ceo from last night. 2014 was also a year of Big Investments in our future. This year we made big bet on the next generation of communication and computing platforms. We focused on serving our community better. Improving our search and video product and improving the performance and efficiency of our mobile apps. It seems investors are pretty ok with the sales growth. The shares are little changed in premarket trades right now. Ali baba rep
Youre watching Market Makers on Bloomberg Television. Down pouring in new york. Shes in a sunny locale but working hard. Time for the news feed top of the stories around the world. The nations job situation continuing to improve. Government report showing new unemployment claims at their lowest levels in seven years. Fell to 310,000 last week. Amazon is planning to introduce a smart phone later this month. According to a person familiar with the plan. It would ramp up if rivalry with apple. The company tweeted about an event it will hold in seattle on june 18. A picture of its thin black device offering a hint of what the phone might look like. Military jet slammed into a california neighborhood yesterday afternoon. Amazingly no one was killed or injured in the crash. The pilot ejected before the plane crashed into a residential area in southern california. Two homes were destroyed and a third was heavily damaged. General motors c. E. O. Mary barra held a town hall meeting this morning
Were talking washington, dull will you explain, atlanta and chicago ohair. The editor who led the Washington Post through watergate passed away. Ben bradley s was 3. He was turning the postpone into a nationally respected paper when the postpone watergate stories earned a put letser prize and led to the resignation of president nixon. Posting thirdquarter sales that beatest mats and in a Conference Call Marissa Mayer said she is focused on maximizing value and will take a look acquisitions. We will continue to seek opportunities here and we will be smart about it. Marissa mayer seemed to to be sending a mess taj star board capital. It called for a breakup of yahoo and asked that the company quit making acquisitions. And daniel lobe is now targeting amgen. Therr calling for a breakup and lobe wants amgen split into one company with older drugs and one with new prospects. And carl icahn has nice things to say about a corporate sparring partner and pushing tim cook to boost a Share Buybac
May. It will be tested on Healthy Volunteers starting in january. Lso working on its own vaccine and a new ceo of loan of the Worlds Biggest Oil companies, francis leaves the company. He worked for the government before coming in 1977. He is considered a potential successor for quite some time. And one of the legends of american journalism is dead. Then bradley led the Washington Post during his coverage of watergate. Age 93. Yesterday in he was turning the post into a nationally respected paper when burglars rogan to the headquarters. The postwatergate scandal story led to the resignation of enteredt Richard Nixon the paper its much prized showed surprise. And mayer may have been taking a shot as well it has called for a breakup at yahoo . It wants the company to quit making acquisitions. For more on yahoo , were joined by tom. Less than 2 ed growth in that quarter. That was enough to send stocks higher . Five most companies, you want more from that. For yahoo , it was a real change.