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tv   Nightly Business Report  PBS  January 17, 2012 4:30pm-5:00pm PST

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tor, butívqacv@n c 2 numbers.ívqacv@noc reve side they're seeing growth in noc rec 2 and other big baívnkqas, with a top banking analystívqac2 this inoc rec 2 qacvort" with susiness report"ív @ ívqacv@noc rec @noc rec 2ívqac2
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reday-@-noc rec 2v: qagocvod ev citigroup's quarterly profitrecs from financials.qa tcvom: su@sio earnóvqacv@8 ceóvntqas cva share expecting.c rec 2 fell to $17 b.
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úvqacvany sector with a whoppine the answer?cv@noc rec 2 c rec 2 a.úvqacv loss a year ago.avasqa $cv16 pe2 the index, it'this avqaicular quarter. cv an avexqapecvcted t@o be fnolacve 2 estimates fonoc rec 2 beenks will continavueqa t >> the tavqacv@ the dodd-fraqacv@noc rec 2laton@ avqacv@noc rec 2 greece in
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noc h.@ 2>> reporter: now 2 inveas one large bank. >> wave qalicvke w noc sno oc f rethc e 2legacybvqd 2ec rec 2 reector. >>n those balance sheebvtsqacv. i would not get tempted wibvqaco in fact, that's a sector thabvqd models.>> reporter: the performg earnbvinqagscv without a.i.g., profits at then2 remaining 499 fi up jusbvqaability of a single b@ company to skew the dabvqacv@noe sinotuc atreioc n 2is likelc tha
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turnaround at ba bvqacv erika miller, "nightly businesr@ cv you with us.nnonon,c creo-cv >> thankeat to becvqacv @ thacvnkqa ycvou. people have becv@noc rec 2 2012, that this wilnoc rec 2 around year @> we're incvqa ag year.cumbing. noc rec 2 10% with loser last bk of america andcvcvqacv@stcvqacvn oncvqacv city todacvqa mcvean.@
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noc dare toes.@noc rec 2 c 2mortgage quarter it's hard oa >> susie: yet you are s banks. j.p. morganoldnomac renc 2 sachp ev tr evanqadcv@ whyev rqaigcvht.@noc re what we2 recommend toc iresc 2 the ma . bank andevqacv of the list qacvif you@'renor a cv@noc re c2 c re will make good progresar. investorsly want those no want to be there j.pev.qacv @ c 2e nou like some of@ c 2banks.
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assets million. t. not familiar namesevqacvevqacvs. qacvs it usedbanks were advantfv rec ynoc re c to@noc earn monvestment. those big bc ui2red to carry a lot moreuse of these smar thefvv no marketot too fvupqa.cv@ share and cvof the@no c siretucn fvqa of t like thoseiononec d ra cvthei@r fvqa @>> susnoiec : re wc there. @noc rec 2 anys or your fc 2 them. >> number our
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winollc freorc ce2 com noc rec 2ng, along with allies e delphinehvn rights grohvupqa sc to repressive regi@ivqacv>> it 2 their citizens. @> reporivqacvt piivckqaincvg c c threre@noc rec 2 the interne good in protecting him fro sales lost to ivqacvivqacv@noh r qacvness model. norec coreupc a2ny >> reporter: the mot@associnoatt but wi ivqacv@ speech.darrivenqa gcversh, @"nil jvqa 2
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@v qacvtoday.@noc rer@noc rec 2 14%, in its firsnoc rec 2ast of2 bookings.ks anolmc osret c ha2lf rec cv@edjvqacv@noc
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@ rec th2ird quarter pricing on that could c 2rely ms prob the news.jvqacv cv>> s@usie: no that 14% loss were the seckvqac@ worst pe@noc rec 2 >>areskvqacv are@ qacvival hsie.kv @let'nos c gore with f@ocus.noc2 this morning kvqacucvt of cokvrpqaorcvate@ng kvqacvxpected fourth quarter for kvqacv@kvqacv@noc rec 2the lasto
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2 drag.ed fundnancial cvsectkvqacv@noc re@noc rec 2d y citigroup, down 8%.c ti2oned thg lvofqa ocvur p the shares a 35% sinclv lvqacv@invelvstqaorcvs@noc re today included the enechno@logye sectors,rec 2 tenths of a percing bell tonighv the co-founder of yahoo severets partia yang co-founded yahoo lv lvqacv@sing pressure to turn itlvqacv@noc rec yang sais.@"noc rec 2 shares fraction ahead of this nt they %
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noc lvqacv@noc @ c o $16 p newre paypal. come as the advertising.lvqacvresearch firmv today.n motion continueseing sot speculatiomvqacv shares jumpemvqacv@noc rec akine circulatedmv.qacvmvqacv@noc es,s were disappo6%.mvqacvmvqacv@noca copper.c 2 2 hurt itsnontc inres
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shares slid almost 4%.nvqacv@int focus." nvqacv nvqaeaded @generanol c moretoc detroit is t@noc rec 2dc appointed by michigan's gove help run the cnvitqay.cv @ut in the face of detroitnvqacv c reshc or2t s arnoec rec 2e ci. as diane eastabr
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it's an ef r decades.nvqacv@ cv>> r@eportenor:c c has time e@noc rec 2 2mmute to work. the 30-year-old moved cvom tovheqa scvuburovqa hinos c jo can@noc rec 2ride a 2during the winter, i'm drivi myld.>> reporter: steinoverqa ue ov0,000 stipend from his cvloft@.noc rec 2t was crucial.2 >> reporter: blue cross is aa h, ovqacvc staffing solutions, qacvmoving@ jobs noinc c rering up cv@no who relocate there, too.noc rec2 southfield to offices downtoovw@ incentives from the city to ovq@
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@noc rec 2what motivated the moe i've got two 20-somethings.ovqv cvqa cvno lc ivreinc pvqa theypvqacv@noc rec 2noc rec 2 intepvrepeople are going to ben2 >> reporter: dave mano c 2already seeing a difference. his supino's piz just acrospvqa cv>> w@e've noe point qacv@ c 2kenoc rec 2reverse a 50-year trend the 1950s, the motor cits home to more than two millpvqac@ but in the 1pvqacv@noc renesseso @the nosuc burerbc s 2followinge
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live here.s contributedpvqacv pvqacv@e, businessespvqacv@noc 2 and abandoneghborhood. cvile downtown detroit has sqvqa acnotic viretic es2, short of the kind @ rec th2at appeals to youn obviously very bright. some nicv in.qvqacv@noc rear-old david wh. financing for qvthqae >> iqv tqahicvnk peo@ple understand that the qvqacv@noc 2 tr unlike what our 2
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employers went through 'sqvqacvd of that.eid isqvqacv@not emeritus @ rec st2 state bo@nces.noc rec 2businessn fiscal hrveaqaltcvh.@ rvqae're goi @city onof c @noc rec 2re 2the basis of how much activiti are going on here, how muchbusiw much emplorvymqaen here, what arvqacv@noince live 2 has helped rouent noinc dreetc. pipeline. rvrvqacv@ but it could project crvqacv notoc are @diannoe c earestc ab2rook, "nig business rdeort," derec 2 and a fresh look atcvrvprqaiccv
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@manufanoctc urreinc g 2with ln2 also tomorro into expect from some rvofqa tce arterly results.svqacv@noc rec 2 >> susie: kraft food plans to cut 1,600 jobsves to ss business svqacv@noc reates says the cutsd noe othesvr qaoncv its g@lobaqas c 2television. the series osvqa organization svthqae cvads be@ga pittsburghsvqacv@noc rec
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@comingno mc onrethc s.2ions cut 12% of workerssvqacv svqacv@noc 2 >> susie: it's a bn housingtvqav
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starts, detvqacv@ reuilders. conommc enretac to2r richard de2 cvtiining traction.ief economisa uvqacvuvqacv@ncing along theg ml improvednoc rec 2turn the page r 20uv first, the homeuvs qahacvs fall@en s fuvor sale is down 30% sin@noc rec 2 rec 2activity is also falling,ears.uvqacvand with recn uvqauncvemploy@ment, nothc remost cercv@noc rec 2thec are only getting stronger.uvqacb
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uvqagraphics are also noc rec 2r @own. months of lastpluve,qa wc noc housevvhoqaldcv fvvqacv@ rembined.up@ply annod c morerec2 conditio vvqacvnfolds. >> tvvqacv@noc ies for tv and advertiscv@noc rec 2m doesn't c resec ll2 enough tickets, youn scvvqacvre-thinking the black-ouvvqacv@ no repvvqacv@ c re 2e@noc rec unpopulablacked out 16 games on local tv this past the total could have b sivvgnqaifcvican noc nesses in vvqacv@ steppecv@noc rec 2ll's current 2
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ticketsvvqacvaren't sold out 7@ vvqacv@noc rec 2hout it's local tv audie@noc rec 2e fcc's decis2 public c skyrockets.wvqacvwvqacv@noc ed 5 billion for eigh.e passed on toa wvqaumers, who in some cas qacv'wv @someno pc oirentc t2 @noc rec 2 rising ticket costs. if the black it could lwvqacv selling out.wvqacv@noc rethe bu2
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i'm rick horrow.wvqacv>> tom: ts i'm wvtoqam cvhudson@. night to you, too, susie.wvqai'2 we hope to see all of yo@noc re2 possible by:xvqacv xvqacvxvqac 2emedia access group at wgxvqac2
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