know the great contract nascar you used to nextel communications right there scoring record three and a quarter three quarters of a billion dollars what what did you do. in the meantime after leaving nets and before becoming famous for these twenty years well i mean i . would say i'm famous i mean i work hard and thankfully i've been a lucky along the way but i've i've worked for the nets a couple of times i work for the detroit pistons so i had exposure with another n.b.a. franchise and as you said i did have a seven year stint at nascar where we really grew the sport of racing beyond its core in the south we made it into a national phenomenon and along the way we rebranded it with nextel so it was a terrific run wasn't more fun time to manage nascar for our thirty year old white easter. was a move i mean well you know i was never a fan per se of nascar because it in grew up on it what i was a fan of is the business behind nascar it's an incredible business and one that was thriving at the time that i was there and there's many many similarities between what i was doing at nascar try

speaking of potential deals, late today, reports surfaced sprint nextel has walked away from a purchaseof metro p.c.s., just hours away from announcing a deal. metro p.c.s. concentrates on pre-paid wireless customers. metro p.c.s. stock was 2.5% higher during the regular session and jumped another 8% after the close. sprint slid a nickel today, but it was very actively traded. and that's tonight's market focus. >> susie: jc penney's swung deep into the red with quarter results, but the stock barely budged. the retailer is promising to reshape its image. >> consumers love a bargain, but retailers hate them. jc penney had to up the ante for promotions hurting bottom line, so did costs related to relating the ceo's new turnaround plan. the retailer is focusing on offering every day low pricing and will eventually offer many within ther store. the results weren't pretty. jc penney lost 41 sentds a share compareed to a profit a year ago. but the shares are still trading at the highest levels in three years. >> looking at the numbers. they're loving this guy, and willing to give the supporter

at&t, metro pcs, or sprint nextel? now, the payoff.etropcs. >>> i'm ber that coombs at the nasdaq. a new closing high for the year, and big gainers of note. the real headlines this week, viva getting a nod from the fda advisory panel. another 17% today. a huge move up for that company. sears, huge short position within sears. but after it announced earnings, the earnings weren't much to speak of. but it's restructuring plans to release more liquidity. look at sears, a huge week. the stock has more than doubled year-to-date. you just can't take your eyes off apple. you have to look at it as a sector unto itself. within the s&p, its weighting is about 3.7%. that's more than basic materials, utilities and telecoms. and this week, you can see how big a move in apple as it looks at its sixth straight week of gains, a new closing high today. it makes up nearly half of the gains of the s&p this week in a weighting percentage point. two points just over four points. you can't take your eyes off that tech giant. back to you guys. >> all right,

. >> any time the drug house was out of drugs, whoever was working would use the nextel phones and informhat they needed more product. >> and then you'd see duck driven by ambrose go over to the escalade, go over to the chestnut street house, pick up a pack, drop it off, pick up the money and then take off. >> it was interesting and disturbing at the same time what the customer base was. there were people from all walks of life. people who looked like they had just gotten off work at 5:00, 5:30 and stopped at the drug house to get their her win fix. people clear on well on their way to be addicts, teenagers, people from all walks of life. >> you know, many times your victims are not the best citizens themselves. but they're still a victim. how did they get to this point? they're taking their life in their hands to go to a neighborhood they know nothing about, to walk into a house they know nothing about. there's goouys in here with gun to purchase a little bag of powder. what went so wrong in their lives to put them to that point? and this is a small part of a huge picture. how big is thi

the nextel would be a full senate votes and then on to the governor's desk.petition for a referendum. thousands of signatures would be a required. >> 5:47 right now. astronaut mark kelly is writing a children's book. he is the husband of gabrielle giffords. this book is called "monsternaut," about a mouse pad goes into space, inspired by the mice that or on board his first shuttle flights as experiments. the book will be published in october. we are giving our facebook friends another chance to win an ipad 2. >> go to wjla.com/facebook to sign up for your chance to win. we will announce the winner on friday on abc 7 news at noon 5:00. chris brown and rihanna back together musically speaking. >> they teamed up on remixes of each of their songs. brown singing her birthday cake remix and her singing turned up the music. >> ♪ turned up the music ♪ >> rihanna told esquire in october 2010 issue that she no longer presents him for attacking her in 2009. he pleaded guilty to a felony charge and is serving five years of probation. brown sent rihanna a tweeted yesterda

we're looking for results from moody's, sprint nextel and time warner. the bell, we have cisco systems, groupon, news corp. and visa. meantime, mcdonald eeps is forecast to rise about 3.4%. mcdonald's is expected to announce today that it's selling the named shamrock shake nationwide for the first time in the weeks surrounding st. patrick's day. of course, still with us, we've got our guests joining us, ken kayman and still with us, as well, is carlton neal. as we talk about u.s. strategy ahead today, what's going to dominate in terms of the hlgs? what are wall street traders going to focus he on? are they going to focus on the things that julia was talking about? are they focused on u.s. fundamentals? >> i think it will be fundamentals, for sure. whether we're seeing earnings being as robust as people hoped, we're starting to see companies beat expectations, but by not as much they hoped people would beat expectations. so i think it's quality of earnings. i think people will continue to look at the commentary that's below what management has seen going

remember this popped on cnbc on friday, when they reported that sprint nextel is walking away from thealks of the takeover of the wireless company that we didn't know was in the offing with this company. pcs shares are running slightly ahead of sprint's, although both have been stuck in negative territory over that same period of time. >> they may not be stealing the headlines, but there are "under the radar" stocks making big moves today. seema mody with the details. seema? >> maria, that's right. a couple stocks on the move. worth taking a look at. let's start with gentex. shares, a company which makes such equipment is down 13%, more than 13% actually. switch over to scientific games. maker of instant lottery tickets posted a surprising loss due to higher expenses. the stock down around 14%. lastly, biotech firm viva, up another 5%. up 5.8% behind their obesity drug. perhaps receiving fda approval which could be a major milestone in the weight loss market. since winning the backing on thursday, the stock has climbed 113%. can you believe it? back to sglu seema, thank you. big moves

sprint nextel is the only one of the big three or big four national wireless carriers that's still offeringed data plans without throttling. here's the problem with switching. at&t iphone, i'd go to sprint n. is not going to work with them. i have to buy a whole new phone before i start the process. >> i have to buy a phone. even though it'sen iphone, they -- it's an iphone, they can't reconfigure it. >> the technology is different inside the phone for all the different carriers unless you buy an unlocked phone which is going to cost you $500, $600. >> which is why it took so long for verizon to get in on it. >> they had to design a whole new interior. >> thank you. >>> our time is 6:38. in nine minutes see which dog came away with best in show at westminster. it's a breed that hasn't won since 1990. >>> good news. howard says it is going to abbeautiful february day today. highs -- to be a beautiful february day today. highs in the 50s. we'll take an early look ahead at the weekend when 9news now returns. >>> earl maybailey enjoyed a long career on stage before earning a bachelor's degree i

driver from the front of the pack who is in contention to win the race or are will two drivers hook nextelfrom racing right now. >> darrell: if you are not leading the race the car in front all you see is $200,000 flashing on the back of the car. can i get around him, that is the question? >> mike: mark martin peeks out of line in the 55. two laps to halfway. biffle in command. >> larry: mark martin i think in the 55 would love to get up there and try to do something with martin truex, jr. in the 56 his teammate. and clint bowyer in the 15, another teammate. >> darrell: they have all seen the racing down here from the fourth turn to the start/finish line is where most of the passes have been made. i got to believe they are waiting for that come to get the money lap. >> mike: second, martin truex, jr. hasn't won in awhile. he has a toyota, denny hamlin right behind his. >> darrell: and in the qualifying race greg biffle is right where he is right now trying to get the white fag. he made an' vasive move and got caught. >> mike: one happen to halfway and $200,000 only for the race leader. >>

sprint, nextel, first solar, cablevision, those are some of the best performing stocks in the s&p 500nd as you say there's always a but, not one of them, sometimes there's a big but, not one of them is down less than 40% over the past 52 weeks. so they've been ignored, destroyed, sold, whatever, but today doing all right. no time to discuss, but i wanted to point that out. >> bricks and mortar bookstores may soon have another reason to loathe amazon.com. the world's biggest online retailer reportedly planning to open its first ever retail store. the blog, good e reader claims amazon will roll out a retail store in seattle within the next few months. the store would sell amazon-published books which chains like barnes & noble will not sell. >> the giants won the super bowl. >> did they? >> millions upon millions watched. >> why don't you follow that for me. >> what? >> i'm kidding. you tivoed the game. and today all i want to do is talk about big blue's big win or maybe the pats loss. steve liesman is set to tell us that is bad for the bottom line. productivity is a bad thing. >> are y

worst performer at the nasdaq 100 today is the company that operates the wireless service under the nextelrand. posting an unexpected loss. ceo promising this is going to be a turnaround year. meantime liberty interactive at a new high after posting better than expected results and saying it's going to split off two tracking stocks to better track its interest in qvc and home shopping network and its stake in other travel sites. finally o rilely automotive at an all-time high. folks are holding onto cars an average of six years. that's the longest folks have held onto cars in an awful long time. >> thank you very much for that, bertha. straight ahead on the show, they may not be a household name, but sxc is a major player in the pharmacy better management services. the stock is up 46% in one year. and the ceo will tell us if today's earnings report can drive the stock even higher. it's a "power lunch" exclusive. >> we'll be back in two minutes. ♪ ♪ [ male announcer ] offering four distinct driving modes and lexus' dynamic handling, the next generation of lexus will not be contained. the al

they're stuck with the technology, nextel technology that they have to transition from. >> that's right. >> the ceo doing a remarkable job. he's got a lot of people jazzed to buy the common stock. david, i listen to you and i think, common stock? fools errand. >> it's still an option, i think, in many ways. >> you do? >> i think so. 2 and change. >> kind of the way sirius satellite was but you should have bought the preferred. there's leverage in the business. leverage as in debt but also leverage if and when they actually do turn margins and get things going. can they compete against verizon and at&t in a significant way? will the iphone truly help them? are they going to suffer in terms of the way others have? >> $5 billion to $7 billion in debt is what they'll have to rate? >> yes. >> that's their market cap. >> that's why it's a dangerous, interesting situation. and one that will bear watching as this year goes along to see if they make the progress he says. >> you already have a k-2 mountain of debt there. you're saying it goes to everest proportions. >> it will. they can support i

. >>> a number of interesting quarterly reports that we're keeping an eye on, sprint nextel posting as are rising as net subscriber additions were the best in six years. it comes after the introduced the iphone. time warner posting better-than-expected quarterly results. the company raised the quarterly dividend and announced a $4 billion stock buy-back program. and so many companies now, trying to figure out what to do with the cash and buying back stock rather than giving it back as dividend. i'm always worried about buy-backs. >> time warner has done well lately. the stock has done well. the interesting thing is about the competition between netflix and netflix seeing hbo as one of its biggest competitors going forward. that's an interesting story. >> it is. >> and in europe. >> go to europe. >> thank you. >> one deadline after another. has come and gone in greece, leaders are meeting again today in a bid to strike a deal on painful austerity steps in return for another bailout package. the delays have prompted some eu leaders to warn the eurozone can live without athens. european