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the collapse paving the way for shell s buyout ofb g group. this is a huge one. around $70 billion. coming up we ll look at which companies in the energy patch could be the next takeover target. also here come the earnings. alcoa ready to kick off the parade. ceo klaus kleinfeld will be here exclusively just moments after the aluminum giant s results are released. that s coming up just after the ringing of the closing bell. and dzhokhar tsarnaev has been found guilty of multiple charges in the deadly boston marathon bombing. he could now face the death penalty. we ll have the latest coming up. by the way, i should point out, as soon as any members of the jury maybe some of the attorneys come out before the press, we will be going there live to boston with all of that. so we ll keep you up to date on this story as well. pardon the interruption as we do so. the dow is up 11 points. 17,886 is the level. look at that russell rebounding nicely from its weak session y ....
lowes misses expectations. people entering the u.s. market with a deal to unlink communications. now, we ll tell you whether the french accompany has eyes or not on time westerner. johnson time warner. first up. target better than expected first quarter results. pops up two, three driven by signature styles. target also raising the guidance. as for lowes, the home improvement retailer missing results and the narrative has been written again they re consistent over promiser and under deliverer. i still like the fact that they did a nice number of 5.3. when you go over home depot verses lowes, you see head to head. it looks like lowes fell behind the plumbing and hardware. that s the professional. things are strong for home depot. these are one two, they go at it. home depot is winning the battle for the spring. hats off to the new team out home at home depot. it s strong. lowes just didn t deliver. 24 quarters of home performance. technology they are literally th ....
issues at play with two special guest hosts. wharton professor of finance jeremy siegel and trusted american businessman steve forbes. both onset and ready to start this discussion at 6:00. first, though, andrew has a few of the top business headlines. let s talk about some of the headlines this morning. cisco systems buying cloud network start up meraki for $1.2 billion in cash. it was founded in 2006 by members of m.i.t. s laboratory for computer science. joe, i don t know if you take credit for any of that. bp plans to spend up to $5.9 billion buying back stock. last week the oil giant agreed to pay record criminal penalties over the deepwater horizon disaster. and americans are carrying more credit card debt and being less diligent about making on time payments. trans union now reporting that average credit card debt for borrowers grew 4.9% in the third quarter and meantime the rate of credit card payments at least 93 days overdue rose slightly to three quarters o ....
what they found inside. the video came into our newsroom. a home in sonoma county goes up in flames. reporter: a muni subway shutdown has been solved this morning after a power outage last night stopped all trains. we ll tell you what commuters need to know this morning. well, cloudy to mostly cloudy skies. one more system here in this pattern. it will bring rain but how much rain? it s time now for mornings on 2. forming. i m dave clark. i m tori campbell. san jose police are investigating the discovery of a marijuana growhouse. they found it while responding to a burglary call. janine de la vega has more. reporter: reporter: these people had moved in make a couple of months ago. police have confirmed that no one lived here and they let us come this house and what we saw was wall-to-wall marijuana plants. here s a look at what police found shortly after 3:00 a.m. 300 harvested marijuana plants in every room of the house. police initially responded bec ....
. complete bay area coverage starts right now this is it the ktvu channel 2 morning news this is the ktvu channel 2 morning news. this is right at the cliff house, quite a scene, rain may be to blame and we are happy to have the rain and we will take you back out to the scene in just a moment. good morning, thank you for join being us, i am pam cook. february 6th, the bay area is getting what we asked for, a lot of much needed rain and it is already cause being problems which you just saw. tara moriarty is live in san francisco, the rain may have caused a crash but we are here with tara in just a minute but let s check in with steve. this is the third system to come in. we had that hoe hummer and then we had the system that came in on sunday. each one is getting stronger and stronger. this one is about a 10th of an inch to three quarters. i am working on some rain totals and things are picking up. winter weather advisory up there in tahoe and chuckee. friday w ....