how are they able to diversify the company? more importantly, we understand mobile is a very fast moving industry. we have seen nokia rise to the top and follow. faceng is going to challenges, but the question beyond leadership is how does the government transition work? ,amsung is about to go public it is essentially the holding company for the samsung group. that will lead to governance changes. how this will work in the future. thanks soangarone, much. sam grobart, you are sticking with us. we will have more of this special on samsung, from jay-z, coming up. ♪ >> welcome back to "bloomberg west." i am emily chang. samsung has spent heavily on marking and liens on hollywood. oscar fans will recall its win wheith ellen's selfie. we are joined with jon erlichman. still with us is cory johnson in new york and sam grobart. has not left anything to chance. they have pulled out all of the stops getting the biggest stars in hollywood to promote them. >> it is very true. it is a strategy that involves spending a lot of money, but it g

the company tried again. the project was problematic in large part because in order to construct the mine, they were going to drain very highly productive lake, which was full of rainbow trout, impact streams and another lake, which is part of the greater system -- ecosystem there. and the taking of a diverse and ecosystem wasuctive lake very controversial. but for the government, and for the chilcotan people, especally iacially. >> susan and her team made a film. their aim, to preven present th. >> making this film was something that was one of the hugest privileges of my filmmaking career. it was obvious that a film needed to be made. there needs to be a film shot anyway that they are comfortable where they can tell the story of what is at stake, because only by hearing their story, only by understanding from them what really is at stake, could people empathize, could people connect, and could we perhaps get the change that was needed. people at first could not believe it. when it heard about it -- you heard

the company posted a $62 million lost. tesla told -- sold nearly six is 700 cars in the second quarter cars in the second quarter. it is teaming up with panasonic to build a so-called giga-factory. the plant will produce lithium iron batteries, which has been a challenge for tesla. cory, what is your take on the numbers? are they good, not so good? >> yes. there were some numbers that were good and some numbers that were not good. there were some things that were weird. let's give tesla credit where credit is due. they showed a revival in sales. the company has seen a decline in sales in a quarter over quarter basis. march quarter going into june, you thought maybe in the early parts of summer they would sell even fewer cars. tesla saw an increase in the number of cars sold. se sold about 1200 more model cars, and that meant a 17% quarter over quarter increase. they need to do that. they have had a big target out there for annual sales in terms of units of 35,000. even the revenues are really hard -- a lot of times we look

on that, the company cut the shipment growth forecast and the stock tumbled, down more than 9% to $20 even. >>> shares on caterpillar, they agreed to repurchase $2.5 billion worth of stock. it will buy it from another company. it sent cat up a fraction. >>> shares of wind stream popped after the telecom company received regulatory approval to convert some assets into a real estate investment trust or a reet to minimize taxes. that approval made other telecom companies look attractive and sent shares higher. >>> the federal reserve begun a two-day policy meeting and will continue winding down the economic stimulus, part of the great monetary policy experiment following the financial crisis. the fed has begged interest rates at 0 and put about $4 trillion worth of extra cash into the banking system and on its balance sheet. so what happens when the central bank tries to bring rates and its balance sheet back to normal? will it end badly or well? steve liesman reports. >> reporter: the market expects the federal reserve to stop buying assets this year and around this time next summer to

numbers will come down for the companies. but all of these estimate cuts will be telegraphed, and russia, again, isn't that big a driver to the earnings of u.s. companies. not that big of a country. most of the s&p 500 would not be directly impacted by tougher sanctions and the vast majority won't notice something's happened. people are reluctant to slam down the s&p futures knowing that a lot of companies in the s&p, by the way, a lot of the russell 2000 companies, they don't know where russia is. but europe would have boat load of companies that will miss the numbers if sanctions get too tough. i believe many european companies could be kicked out of russia starting with the oils, namely bp. plus, it's possible that europe's recovery could reverse entirely. throwing the continent back into recession. >> the house of pain. >> anyone that believes that europe's getting thrown back into recession irrelevant to our companies truly hasn't been paying attention for the last couple of years so many of the multinationals i follow di

define what's important for the company. one of the areas is focusing on how big the company is and you ho big it should be and whether they need all of those people. and keeping employees that are motivated to be there. sort of a warning shot. those employees, a lot of people, it's called rest in best in microsoft. and so they're thinking about that they need dynamic employees going forward, and a bunch of other things that were important. including organizational changes and how it's the company's going to be organized. >> rick cherilyn, you know, kara, the company has covered the company a long time sounds disappoint disappointed. he said today, not sure where focus comes in if you're basically ay agreeing to keep all of the existing businesses. a fair criticism? >> he wasn't specific. i'm not sure what he's going to do. he did talk about keeping the gaming unit. a lot of people want xbox spun off. something rick has talked about. a lot of people feel they shouldn't have bing, the xbox. focus on enterprise most of all. but

we'll get more information when the company reports earnings next tuesday. josh lipton, "nightly business report" silicon valley. >>> for more now on whether the massive layoffs will help reshape the future of mike soft, we're joined by david garrity. david, welcome back, good to have you with us. >> thank you. >> is he on the right track? >> i think so. bear in mind nedella came avenue getting the cloud operations up and running and to the extent that he had the great success there, it certainly positions him well from a vision standpoint to lead the company going forward. taking the costs out and investing in areas of higher growth certainly should get the company up to where earnings right now are going to be down 10% year over year but ref knve is growing. the stock probably moves higher than now. >> so talk to us a little bit about what is microsoft going to look like, let's say, five years from now. a lot of talk about mobile, about the cloud, about restructuring. what is microsoft going to be? will we say about it? >> the cloud operation will prep sent

the largest u.s. wireless company reported nearly 6% rise in quarterly revenue and earnings per share of 91 cents. but the sector this year has been lagging behind the broader market, morgan brennan explains why and whether these stocks are now a good deal for investors. >> reporter: despite perceived safety and high-paying evidents, the telecom sector is under performing. so far this year, the sector gained 4.5% while the s&p 500 is up seven. analysts say telecom is trading at the biggest evaluation discount in more than a decade. >> there are a lot of concerns going on with a broader industry with respect to competition, with respect to some of the transactions that are taking place in the marketplace and so that's adding an additional layer in terms of overall concern that's keeping valuations where they are today relative to the market. >> reporter: but key trends could make some telecom companies more attractive to investors, and they were apparent in verizon's earnings. first, the growing popularity of tablets.

it's half the company. both drugs are priced very, very high. they generally provide high benefit to the patients and therefore there is limited pressure to controt the prices of the drugs. it's a very attractive business on the perspective of drug companies. >> reporter: drug makers from several companies have potential acquisition targets. it spells more deal making. for "nightly business report", i'm meg terrell. >>> shares of abbvie and shire rose today. abbvie up 2.5%. >>> our market monitor has a list of stocks he says could double in price over the next 12 to 18 months and he's going to share them with us, next. >>> the calendar says july, school was just out a few weeks ago but retailers are already gearing up for back to school sales and just today the national retail federation predicted parents will spend nearly $8.5 billion this year on tablets and other electronic devices for their kids. that's about 7% more than they spent one year ago. >>> fedex says it will fight charges it helped internet pharmacies distribute drugs illegally. a

we rebranded the company to reflect the spirit of the hotel chelsea and our company. >> what are you o do at the chelsea hotel? >> we are going to restore it. it is quite a task. it was built in 1884 and neglected for decades. it is a true gem. in many respects, including its history, but also architecturally. we have very ambitious plans to restore it to its former glory. something better than its former glory, hopefully, but still true to its spirit. >> tell us about the hotel industry in new york and the northeast. >> in new york, the hotel industry has come back quite a bit. we are close to the peak of 2007 before the market crashed. we just got there recently. we have not surpassed that, but business is strong. we are seeing more group and business travel coming into the mix which bodes well for the next couple of years. we are very optimistic about new york. >> your career in the hotel industry, tell us about that. >> i have owned different hotels. i guess related to this, the first thing i got involved with i ran a hotel in miami beach , back in 1994. there was nothing really i

the company had some weird inventory problems early. ey were sitting on inventory that went stale. that is one of the secrets about running a successful technology business, and one thing that apple does not get enough credit for. how they never really got stuck sitting on product that was not hot. they somehow engaged demand accurately, made enough customers happy, without sitting on top of these things. look at microsoft, writing done down hundreds of millions of dollars in inventory with the surface. xiaomi is doing this quite well in an interesting and different business model. regardless of how successful this company is, a lot of people will look at their ideas and see if they can run with them. >> a deeper dive into the business model later in the show. right now, i want to bring in crid yu, a former executive at google in china. he is with us from london. as someone who has worked in china, building technology company, what do you think of xiaomi's rise, how impressive is it? >> very impressive. one thing we need to point out is,

the company had the strongest wireless subscriber growth in five years. they had the most subscribers staying on and not leaving the company, as you mentioned, ever in the history of the company and yet, we saw profits down and the reason is because -- >> why? >> because you have t-mobile and other competitors slashing prices and putting pressure on at&t to slash prices. it's also been moving away from subsidizing smart phones and in return for two-year contracts from customers to having customers pay for smart phones but pay less for services and all of that is weighing on the profits for at&t. this company is transforming itself right now. we have to see what happens in the second half of the year. >> morgan, thanks very much. >>> telecom is the smallest sector in the s&p 500 accounting for 2% of the total weight but has some of the biggest companies in the country in it like at&t. there just aren't a lot of them. are any of them worth your investment dollars? to answer that question today and verizon yesterday is craig moffett. craig, welcome. good to

department often with the help companies like hewlett-packard and, yes, like ibm, the most dominant company in all of the technology will services company. services did $59 billion selling uff and how to implement it. this announcement was all about apps, apps, apps. the news is you will have every single person in the ibm sales force will walk into the customer accounts with ipads and iphones available for corporate distribution, deployment as well as developing ibm maps on these devices that are favored by u.s. consumers. we saw a lot of competition coming from android in the corporate market. success of the windows phone taking the lace of blackberry, really bad news for blackberry and probably bad news for microsoft and android. >> that was going to be my next question. what does it mean for the others -- blackberry, google, microsoft? >> he's right. this makes apple much more powerful in an enterprise sense and it goes beyond blackberry, in my view already a dead man walking. amazon, google, competing for the soul of the enterprise. i'm not sure that it is all one-sided here. ibm had b

this is a company that on the surface looks like many companies. on is to build the world's largest mobile shopping mall. a few things make it different. one is that the prices are cheaper than what you can get pretty much everywhere else. >> even on amazon? >> generally. that's correct. if you are someone who lives in a rural area, rather than having to spend money on gas and drive , you can go online, get close, get things affordably shipped to you. >> how does wish afford that? the argument is that amazon is eating their lunch. >> it's through overhead. amazon, the product categories are different. the technology under the hood is very different as well. about the merchant model. in wishes case, it is all driven by technology and machine learning. you go to the market strategy on service, it is very different from amazon. >> what is the latest with left and how concerned are you about it? >> i strongly believe that regulation ultimately follows consumer demand. i think we have seen that play out. day, peoplef the need low cost transportation. peo

someone at the company. in an entry about aviation, health danger information caused by airplane noise was deleted by someone at lufthansa. and that page on daimlerchrysler on the lobbying act about the company was deleted by someone at daimler. multiple attempts at manipulation have been exposed and corrected by other users. wikipediinsists it was not involved, but the website comes under fire constantly from public relation firms and lobbyists. until recently, this man was the executive director of wikipedia in germany. he says since wikipedia has gone, so have attempts to manipulate articles. >> wikipedia is more than a website. it has become a widespread tool for all of us. the more widespread it has become, the greater the number of attempts by ideologues and pr agencies to insert their views and ideologies into wikipedia. >> and they are getting better at it. we met a consultancy insider. he will not talk about his clients but he will talk about tricks used to bypass editorial controls. >> there are lot

in fact, the company notified the s.e.c.is year that it would no longer be filing financial reports at all. hasn't reported any revenue at all. the s krrks c filing lists one employee, that is ceo and president marlon sanchez at the time of the filing. we just talked to him. he told us he's no longer associated with the company. the company purports to run a business social networking site called intro biz. it is hard to tell looking around that site just how active it is. the stock was trading as low asics cents a share last month. today trading in the $16 range. we've been trying to determine just what this business is. that is not easy. the company purports to be based in belize but the phone number listed on the s.e.c. filing is out of service and under the supposed neighbors in the building where the firm is located haven't heard from it. we found another address for the company in las vegas but the building management told us the firm hasn't been there since last month. an attorney who wrote to regulators just last mon

today the court ruled closely held companies have a religious right to opt out of the general health care law requirement that companies provide contraceptive coverage for employees. the owners of oklahoma retail giant hobby lobby with 600 stores and 13,000 employees took the lead on behalf of 50 for profit corporation seeking a religious base exemption from the health care law. even the attorney believes this is a narrow ruling. >> we think today's decision was very careful. the majority was careful to say this would not decide other kinds of cases, other kinds of options that employers might have. and they were right to keep the focus where it belongs which is on the green family and their religious freedom. >> at the white house, a pledge from the administration to begin looking for alternatives. >> they will, of course, respect the supreme court ruling and we'll continue to look for ways to improve american's health by helping women have more, not less, say over the personal health decisions that affect them and their families. >> a second ruling was a setback for organized labor.

>> the car company. people here right away and think oh my god, he is going from a car company in detroit, about as old economy as you can get to google headquarters in california, which is about as new as economy gets for people your age or my age. if you thinke about the way allen was responding the last few times. ford is about mobility solutions and bringing people together. they are going to be part of the new way that people get around. about onealways person in his or her car but whole bunch of different systems. he was saying these things a lot. now i am finally saying i'd can't believe -- i can't believe i didn't get it in the first place. i asked him all these things all the time and he doesn't tell me because he is trueblue. he is on the level. this is not a guy who leaks things to the press or tells his buddy certain things before he tells other people. >> you couldn't tell anyway. >> he didn't even give me a heads up. >> not a wave of the hand? >> i was e-mailing him this morning, sitting at

the companies have very similar business models. they generate the majority of revenue from online advertising. >> the combined company is going to have a lot of advantages. there will be one platform. >> an estimated 90% of americans now begin their home searches online. zillow and trulia's revenue is 4% of the estimate $12 billion. experts say there's plenty of room for the company to grow. it could even streamline the search process for viewers. >> there are risks. one will be making sure distill low can develop stronger relationships with real estate brokers rather than alienate them. another issue? the deal could make it harder for smaller companies to compete in this space. for nightly business report, i'm morgan brennen. >>> still ahead, how long will funding for medicare and social security last. we have the details coming up. >>> trustees who oversee the financial health of the government's two benefit programs have released their annual report. there is some positive news from medicare. the report shows its funding outlook

that never goes into the company's financial stamens. it is weird where the website tells you they are selling relationships and making money in the financials don't say that. >> i talked to the auditor and he said the last time he was in touch with the company was october 2013. under were filing said they were not going to put in financial reports anymore. in that case, the company goes away or starts reporting on the pink sheets and it appears that is what happened. it just speaks to the fact that it is a little bit wild westy here. >> paul, does this remind you of 1999? is this a one-off or are there other "companies" out there like this. >> we have a whole marketplace where you can do this for the thing should you choose to, unfortunately. i am going to disagree with julia little bit. i think this is reminiscent in some ways of the late '90s. you had these experiences were people see if i can get the right narrative for the right thinly traded stock that nobody beganng to -- it happening more and more and more because you could make q

which is helping the top line of the company. is helping the sale and revenue, but it's not translating into great results in terms of earnings. that's very disconcerting. they have taken a lot of the money, the cash cushion that marissa mayer had when she took this job to years ago, and spent that in order to gain better revenues. >> can we turn your attention to ibm and apple. you talk about increasing revenue. they have new applications for what? enterprise customers? business customers? >> this is another one where the headline is ibm and apple using the best of their watson technology -- >> i don't want them to use the worst. of their watson technology. >> indeed. according to sources familiar, by the way. but the big deal here is not the app. it's the fact that you will have all of these ibm sales people and service people on their feet on the street knocking on client stores and saying you have to check this out. it's an ipad, and iphone. corporate customers are going to access this -- >> don't they download stuff from the

shares of the company tumbled more than 11% today after ackman said he expects the company to collapse. ackman has long had a major short position in the stock, meaning he is betting that it will fall. >> more now on the international reaction to that downed passenger jet over ukraine. russia has been condemned by the west for its support of the russian separatists who are likely to blame for the tragedy. it is getting support from china. >> reporter: china is warning against rushing to blame russia for the downing over ukraine of malaysia airlines flight 17. since the weekend the chinese press has been highly critical of the west's approach saying in editorials the country like the u.s. are too quick to point fingers at russia and moscow-backed rebels without hard evidence. tiny state news agency xinhua has called u.s. and australian officials rash. a community party backed newspaper the global times said the rush to judgment in the west is not based on known facts or logic. the state press is also taking russia's point of view on the ukraine conflict saying the real culprit is a chao

they're playing diversified with the company. t the newfound pressure from the relational investors, who most always get their way, i think my proposed manitowoc breakup is more likely become a reality. it's what the market wants. here's the bottom line. if you've been riding this rally in manitowoc since i recommended the stock back in september of 2012, i suggest you have to ring the register a little bit, come on, at least half your position, cover the house's money you can, but if you didn't catch that move, don't worry. plenty of upside as manitowoc's crane business is heating up and we have activists pushing for the breakup this company so badly needs. remember timkin's management originally opposed relational's proposal to split their business in half. they ultimately got relational religion. i think manitowoc will too. why don't we start the questions with larry in minnesota. larry. >> caller: boo-yah, jim. >> boo-yah, larry. >> caller: question about qvi. bought it a while back when you recommended it. looks like it may h

he has been looking at the u.s. companies quite a few that do big business there and our robert frank is looking at what the oligarchs are going, potentially to influence putin. steve, you first. >> it's really interesting, tyler. some of these companies got their first foothold in russia when i start there had, so, i rook at these numbers both ways. one is that they're rilltively -- they are not insubstantial numbers but certainly the hopes and dreams of a lot of these companies when fell thirst start were a lot bigger 20 years on. mcdonald's, $2.5 billion of revenue, john deere, 1.7 billion. visa, 470 million, doing a all right of the transactions over there, credit card transactions. ford trying very hard over there and has a couple of plans, reduce some of its employment. gm, one of the first dealerships open american goods, gm dealership in moscow. citigroup, $1 billion. pep circumstance 5 billion. they were one of the earliest companies in there, the 1970s, post detente, beaten by coke and then a comeback there, mondeli

the ceo tries to remake the company. many as 18,000 jobs cut over the next year that amounts to 14% of their workforce. more than 12,000 cuts are coming from the newly acquired nuclear unit. we talked about what this could mean for the company. >> at think it is less a focus on layoff and more on the quote that you just gave. we heard them redefine the strategy at a broad level of platforms and productivity. we started to see a change in the culture. it is exciting. it it's a much richer focus on interacting with the communities out there, and the thing about culture and listening is you need to be able to execute against that. this set of playoffs is about simplifying and streamlining and helping the company execute. >> 59% are no caps on loan. they said this is proof that it was a bad acquisition. is there more to the gnocchi a cuts in particular? >> i was referring to the other 5000 jobs and the types of jobs they have now cut. the gnocchi a thing is different. i think it is more looking back to that strategy of platf

there's an ogranic drive in the company. e 550,000 districters and members in the u.s., and there's an ogranic drive within that group for us to tell the truth about herbal life. >> there's been instances, and i'm sure you'll readily admit where distributors of herbal life made claims about the product that may not have been true, have said things that you, as a company, had wished they hadn't. you started retraining people as a result. correct? >> so let's put it in context because we have a four-prong approach to compliance. it's integrated. the first -- so we have 550 members in the u.s. we have more than 3.5 globally. within the group, the overwhelming vast majority want to behave with the rules. first prong, educate and train so they know how to behave. secondly, those who cut corners, we have to detect and detour that behavior. we do that very well. we have some cutting edge technology that we use on word recogniti recognition, voice recognition of videos that help us get better, but the reality is, 3.5 million people i

this one was not a problem, but it was the holding company it owned, the holding company that owned thethe company cha owned the bank. here inlies the problem. the fact it could be a default of the company at santo international and along the line that affects bankers, and it's worrying because we have a lack of regulation, a lack of clarity in europe about the banking sector. all these years along the line, i spoke to the former prime minister of portugal saying we're still don't have a regulator as of yet in control of banking regulations, and we have o passty in a holding company in luxumberg that creates that, real worries there, and santo raised a billion euros a month ago, raised 65 cents in the euro, and now lower, 50 cents to the euro. confidence is damaged aggressively. is it a sector that is stunningly overleveraged, still concerns despite money raising about levels of call in the sector, and they've got a lot of exposure to a nonfinancial corporate sector here in portugal with a debt of 255% of the size of gdp. we look at the public financing. they have improved, carl, really

shockley those in the company that already knew about the problem and remained silent. >> we know no one is perfect but what we can not tolerate, what we will never accept, is a person or a company that knows danger exists and says nothing. literally silence can kill. gerri: at issue, the ignition switch in many gm cars would move out of the run position. the change from run to accessory made the engine stall. that stall was a originally considered an inconvenience by gm, not a safety issue but that inconvenience robbed the driver of power steering and power breaks and airbags. that inconvenience, devastated families. for families of those who were killed, sorrow turned into loss, turned into anger at gm and anger at people who knew something and said nothing. >> i would just like the truth. the truth. there is no truth here. you know you say there is no cover-up? but yet there is proof that there was a production time, a part replaced with the same number, with the same part number? it is not a cover-up? i think that is totally a cover-up and it doesn't take an investigator to see th

the system. you're an american company. >> fighting words, the president tells steve liesman companies shouldn't game the tax code by moving headquarters overseas. wh he plans to do about it. big loss, amazon surprises wall street with a second quarter loss of $126 million. the stock sinks after hours. is the strategy working or not? sales slump, americans bought fewer new houses in the first half of the year than they did in 2013 and june sales dropped 8% from may. what the design signals for jobs and the economy. that and for for night by business report for thursday, july 24th. >>> good evening and welcome. i'm tyler mathisen. susie gharib has the night off. facebook sores, amazon disappoints, stocks me aroundia. we begin from strong words from the president. so-called tax inversions were top pick a in a wide-ranging exclusive interview, the president gave today to steve liesman of cnbc that produces this program. liesman began by asking the president if it was unpatriotic or unamerican. >> companies thrive in the united states in part because they benefit from the best university system in th

qualcomm is not the only company. e reform commission a year ago has gone after all sorts of companies. a long pattern of targets and almost all of them are foreign. even if qualcomm did something wrong, most chinese companies end up doing practices that are much worse and they just skate by because this is open season on foreigners. >> we talk so much about facebook and twitter, which are blocked in china. now we are talking about hardware companies. licensing is qualcomm's most profitable business. china is the biggest smartphone market in the world. how much could this hurt qualcomm? >> this is the worst nightmare for qualcomm. they built an entire business that has now become the first or second largest chip company in the world, and yet you have a situation where they're very business is about regional development and enforcing patents and doing intellectual property. if those don't hold up, their model falls apart. companies are saying, if one chip maker is not paying you, why should i? the other thing that looks

tries to remake the company. ave as many as 18,000 jobs over the next year, and that amounts to roughly 14% of microsoft's workforce. but more than 12,000 cuts are coming from microsoft's newly acquired nokia unit. emily change and i spoke with the venture group about the layoffs, and we talked to him about what this could mean at the company. >> we heard them redefine the strategy at a broad level, about platforms and productivity. we started to see a change in the culture, and we're really seeing that up here in seattle, too. 's competing, much richer, interacting with the community out there, including the open source community, and the thing about culture and listening is you need to be able to execute against that. this set of layoff social security really about simplifying and streamlining and helping the company execute now that they've got a shift? strategy. matter? -- does it this is proof that nokia is just a big acquisition. is that that, or is it more to he nokia cuts in particular? >> the types of job

the company surpassed the 50 million surscriber mark.n the newsline this morning, a buy rating on shares of netflix and covers the sector better than just about anybody. price argument, 525. tony, good morning. >> thanks. good morning. >> people a little nervous about this international expansion and how much that's going to cost. is that overdone? >> i don't think so. i think it's reasonable to expect this company to actually invest more as they actually succeed more, and when you think about netflix, you have to think about how big can they be and pricing live elivers they can e? last night, getting faster. seeing a good return on the invest. >> tony, the market cap is getting up near 30 billion now. what do you have to believe about netflix' prospects? what it's going to grow into, in order to think the stock will go significantly higher from here? do you have to believe that this is a platform more than just what it is right now? >> so the simple way we like to think about this is, if you end up getting, say, 50 million subs inside o

stake and the chinese company alibaba. said the transformation will take several years but will investors wait that long. let's treat her as a student and give her a grade. colleen converse yahoo at tech crunch. colleen said they deserve b. deserve is not terrible. >> b is not terrible. it's not an a. i don't know if anyone can get an "a" in this type of job. when marisa took the helm we wrote that it was like yahoo's hail mary play. except it's the hail marisa play. this is a very competitive time for technology. yahoo has not been a superstar player for a long time, and it's time to get the mojo back. >> if you had gain i in your stock, people would say that's fantastic but it's in an industry where some players are doing much better and valuations are much higher and they're not perceived as a superstar player. >> they're not perceived as a superstar player yet. but their reputation has bolstered because of marisa meyer and their star power. you mentioned that it's alibab and the potential that people have been seeing in

>>> this pluming and heating company got into a rut, find out how the owners changed their company culture by emulating big name businesses. >>> and the owners of a company that makes new york's iconic water tanks thrive by finding other revenue streams. that's all coming up next on "your business." ♪ ♪ >>> hi, there, everyone. i'm j.j. ramberg. and welcome to your business. today we start the show looking at what it takes to build a company that lasts, one, where both the customers and the employees are fiercely loyal. i headed to new jersey to visit a service business, a company of plumbers and electricians who bucked the trends to be get his business to the top of its game. ♪ 20 years ago, mike was an electrician working seven days a week, 18 hours a day. >> first ten years, i always tell people, it was like a hamster wheel. it was me and rob, my business partner in a van, and we would just start early morning, end at night. >> today, gold medal service, that company that was once just mike and rob employees 128 people, has more than a hundred service trucks on the road, and brings in m