it was a very valuable and profitable acquisition for barclays. in fact, they would subsequently report a significant profit on that transaction. but that wouldn't have been the case if they had paid $11 billion more for it. what came out in the course of these court proceedings is yes, this was all done in a period of days. in fact, some of these deals were some of these executives from lehman, they were actually striking these employment deals in the predawn hours of a tuesday before what would turn out to be lehman brothers last board meeting where they would approve this deal with barclays. so there were guys literally e-mailing and on the phone and accepting job offers at 5:00 and 6:00 in the morning before this last board meeting and they never disclosed to anybody they had done this. >> did anybody lose their jobs in the process? did anybody go to jail? >> no, of course not. there was never even a criminal investigation. >> how could that be? >> there were a variety of reasons. no regulator took any particular interest in it. the only legal

barclays isn't alone.ook at the situation rbs is in. >> i think if you look at the very top investment banks in the world, they all have challenges. the most successful ones are going to be successful for decades and decades and decades. we are still working through the challenges of much lower volumes. to see these challenges over the next couple of years. i guarantee you investment banking as an industry will be a robust business for decades. >> says the guy who does not seem to mind running a british bank any longer. >> he seems to be having a good time. >> bob diamond, it is great to see you. we will be back in a couple of minutes with a special edition of "market makers," live in los angeles. >> welcome back to market makers. the tribeca innovation awards had the biggest buzz in new york last week. awards toiving businesses disrupting the establishment. one such recipient is the ceo of levi's brand jeans. how could a guy running a 150 euro company -- 150 year old become a destructor? here is how. >> w

this is an incredibly important moment for barclays.lays usa, which is essentially lehman. they bought lehman brothers during the crisis. dealmaker. he is the blood of wall street. he has paid 9 million coins. -- they do nothe sit well. skip mcgee has stepped on it. he said that he focuses on climbed and the bank focuses on regulation. if you go behind the story, there is a lovely piece saying, should it to be do more with the fact that tom king and goldman sachs -- thehey were co-running investment bank, were they? sole position. >> that may be why mcgee is leaving. i am not saying that skip mcgee is being jumped over. if you don't get what you want, which is the top job, sometime any point inere is me staying or am i worth more to someone else? >> the criticism is that he is not an investment banking man. you are getting rid of a good talent. >> are you getting rid of it or are you driving talent away? this bad bank could be worth up to 8000 jobs. part of the issue in the united thees of america, last year issue was that the talent wa

manus, you are at barclays. >> i am indeed. we are on the south bank of london outside the royal festival where the eccentrics will begin to turn up and protest a rather serious matter of bremen a ration. profits at barclays dropped by over 30%. jenkins raised the bonus pool. that is what is going to be voted on today. three issues on rim and a ration . francine. >> thank you so much. we are also getting an opening call for alstom. ge said to be in talks with alstom for a $13 billion deal. they say they note in -- they know nothing about it. maybe the press have been checked out. alstom gaining some 17%. in terms of market sentiment, what are we expecting? >> quite higher. a little less concern about tech stocks. german business confidence, that is one to watch erie it elsewhere, i want to look at the open for you. this is your open in europe. the ftse up by 0.4%. the dax up by 0.6%. you see the rally across europe. german business confidence due later. that data drops in about an hour. it will matter for this one. euro/dollar

barclays capital. in all the areas that are now under the focus of regulators, under the focus of policymakers and politicians. they had an incredibly lucrative tax division. they had to close that down, not because it wasn't profitable but because it was just awn palatable in the new environment where barclays is trying to be to the go-to bank, the friendly bank. then they have divisions that were their bread and butter, that have actually declined hugely. whether that's a cyclical issue or a fundamental difference in the way those businesses are run is yet to be born out. it doesn't look good. they spent a lot of money, this is what you forget, they spent a lot of money two, three years ago, paying people two years, one year, massive bonuses to lure them from the other banks. now they're going to have to fire them all. >> the investment bank is amiss. but what about the retail bank? you've raised the point in some of your research, even when it comes to loan growth and improving credit cycle, barclay

hugh mcgee, ceo of barclays americas, is stepping down after two decades on wall street. mcgee says in a statement.. "after 21 years with lehman brothers and barclays, i have made the difficult decision to leave." it comes as three barclays employees in new york face charges of conspiracy in connection with libor rigging. next month, barclays is expected to reveal sweeping changes to scale back its business amid tougher banking regulations. northern trust is served a subpeona from the s-e-c. the probe reportedly has to do with documents related to the financial services company's securities lending activities.northern trust also said that a number of lawsuits have been filed claiming that northern trust - quote - "failed to exercise prudence" -- in the investment management of collateral. three nominees clear a senate hurdle to join the federal reserve board. the senate banking comittee has backed president obama's nominees.the full senate must now vote for final confirmation. among the picks... stanley fischer, who is slated to become fed vice chairman. former u.s. treas

we are about to have the agm for barclays.al shareholders and advisers to the institutional shareholders are rejecting the renumeration anthony jenkins wants to pass through. quinn. me is karen quiiearan the topline of what you have been saying is that barclays epitomizes everything wrong with bank culture. there is aboutn, to be a rising bonuses. it epitomizeshat everything that is wrong with bank bonuses? shareholders think the organizations need to listen to us. have been raising this over many years. profits are down by 32%, that is a fact. at the same time, they are increasing the bonuses by 10%. we think that is wrong. there is a culture of excessive pay. we need to tackle that. you can still recruit talent. other banks are recruiting amazing talent and putting together financial packages that shareholders are happy with. we believe barclays should listen to us to say that the days when excessive pay, pay for failure or pay for success together -- it is failure. failure first. >> i get those arguments, but jenkins is say

now it says barclays. barclays took over back in 2008.the head the money, they bought it on the cheap because it was in bankruptcy. this huge foothold in the u.s., a big british banks, this was supposed to be rob diamonds baby, bob diamond was forced out amid the liber scandal, and not what we have is a lot more causing image retrenchment of this bank. they say they are not closing down, that is one thing but inside the bank people say this thing is going to be reduced to a fairly insignificant role. the u.s. unit, people are talking, they deny it in a take it at their when skip mcgee, when he walks out the door at the head of investment banking unit with somebody like lobbies are telling them we are in deep trouble unless something changes, we will retrench, this is a sinking ship so to speak. liz: thank you very much. the federal reserve has spoken, but what is really happening in the arteries of the economy? the nation's railroad, one of the country's largest railroad companies. we have the chairman and ceo in a fox business exclusive.

british bank barclay's says it will jettison large parts of its commodities business. according to the financial times, barclays is planning an exit from precious metals as well as its agricultural and energy businesses. barclays joins a growing list of banks exiting commodities -- j- p morgan, deutsche bank and morgan stanley have all made similar moves. every few years, technology advances just enough to shake up the status quo. in the 80's consumers who recorded shows at on their d-v-rs worried they might be breaking the law. now, it's the two-year-old start-up aereo which provides tiny antennas for subscribers to watch broadcast programs on their smart-phones or tablets. today the company makes its case before the supreme court. the abc broadcast network accuses aereo of theft because it doesn't pay for the programs it snatches. if it's successful broadcasters could lose the billions they get from cable companies for programs. "this could be a significant loss for broadcast because the programs are free on the air but if they are accessed from comcast, they are pai

to barclays. his first quarter results and his shareholders -- some are saying that 7500 jobs need to be eliminated. 5000 -- of those job losses and this is according 30%ou are looking at 25 to of the banks employ the employee's. be managing directors would be the prime candidates to take out a layer of management followed by junior positions. 17% -- lossped by of fixed income commodities is probably the best thing to have happened to strategic investors locked into barclays. it is finally pushed management to solve a problem that they thought of as cyclical. this could be the best thing. course.enges, of he is getting quite a lot of .takes >> this is the most contentious area. you saw a return on equity. overall, this part of the bank falling to just under eight percent. when it comes to pay, this is a critical issue. pressure to pay for human capital in the united states of america. as profits fell, chris wheeler says there is a feeling that he has lost control of the business. the u.k. local au

barclays has its agm this week. that's going to be hugely controversial because of the massive bonuses it's paying bankers is trying to hard to win the public round and win investors round. >> but you have a division as well with regards to who's staying in commodities and who's getting out. it's not barclays saying we might take a back step on this one. >> you have jpmorgan who also moved out of that sector. as i said, it's an area that has suffered in terms of investment bank. i think a lot of parts of investment banking has suffered. the whole has had a difficult year, two years. that's not to say if barclays was to close all of this, i think you'll see a third of its profits disappear. it's a big tight rope act that anthony jenkins has to follow, on the one hand making sure a huge part of its investment bank is growing and still returning money to investors. on the other hand, making sure that that investment bank is being managed safely and soundly and employees aren't being paid too much. they got out of the t

took jobs atey barclays and basically marked on the price of barclays so the lehman creditors got lessin the end. if you lost money in the lehman debacle, you can probably lay some of the blame at the feet of those executives. >> and so shady, didn't most of this happen in the middle of the night? >> they struck many of the deals with the lehman insiders before dawn on the day of the last board meeting. there were e-mails going back and forth between some of these lehman brothers executives saying, how much did you get? i got $15 million, etc., etc. media covers it and the prosecutors don't go after these institutions, it is all from the perspective of those who would be or should be charged. when it comes to people on the street, it's always from the perspective of the victim. which, by the way, it should be. if someone is raped or murdered, you should hear their story, their name, and a person should be held responsible. in in this case, you are identifying with those who are -- they have families, there really a wonderful person. talk about the victims of these crimes that jpmorgan

it says "brooklyn burger cheeseburger." >> both: "barclays signature prime beef." >> that's not barclaysture beef. >> it's ours. >> did you see that before? >> no. >> but see, these are the details that matter. we're spending $180,000 a year. as i walk around the stadium, i don't even see $18,000 worth of value. i see the batchagaloop burger. >> it's made with a brooklyn burger-- >> so they have a burger in here that's not called the brooklyn burger? that's a problem, right? the sports contracts that we have don't justify any sort of investment. i've made the decision to terminate all of the sports contracts, and save over $400,000 a year. we're gonna focus on selling these burgers in grocery stores around the country. look, i'm as enamored as you are by the glitz and the glam and the logos and all the fun stuff that goes with it. but at the end of the day, it's a business decision, right? >> correct. >> so it just doesn't-- although nice, the economics just don't work. >> and who gave you the p.o.? okay, let me check with frank and i'll get back to you. okay, bye. frank? >> yeah? >> you

during the financial crisis in 2008 he moved to barclays. will tell you this, this has been speculated. his second cousin was the head of asset management at lehman brothers. it was a lot of things. they spun off. he went to run. raising a lot of eyebrows this late in the game is still cashing a check, you would think he would pull out because wall street is still very toxic. in republican circles there is a whole rand paul wing who are not crazy about fatcat washington guys who think this is the establishment versus us. liz: it is loved by huge portion of this country and he is seen as a highly intelligent, successful individual. does it really matter if he is working? charlie: yes. i know him personally. he is a solid guy. i have spoken to him for a few times. this is not my politics talking. this could be an issue given the mood of the country from the republican side. although i will say this to be runs against hillary clinton, guess what, getting fees from goldman sachs. being employed by a bank. charles: because of his competitors. cha

this is michael different from barclays thank you very much. he's never seen that some of the club all my kits the eye i was. on sunday chelsea has arrived in japan on a new national promotion to a head at the start of the team's this coming june in brazil. a chartered flight from china his high chair put on this day. the circle represents a target as to why then the countries in africa you have an announcement. it stands about thirty seven centimeters tall and weighs about six kilograms. was there though we know it's hard to win the trophy. but i hope one day japan will bring it home. while. shelby will be put on display in tokyo and then will be shown at an elementary schooler in mucus and ten pence that you want to be thanks to the city suffered catastrophic damage to the tsunami of two thousand. doctors from around the world had seen showing their skills with some alternative therapy. they gathered in northeastern japan to help people who've spent years trying to get over that rahm of the tsunami they tried to tell people you see me sick. m

massive job cuts over at barclays. the firm could cut 7500 jobs at its investment bank according to report. about 5000 of those job losses may come from the fixed income and commodities business. that is today's company news. this is something we continue to see out of the big banks. >> a shout out to meredith whitney, nail this 18 months ago. >> she did. and the headline, barclays getting out of the commodities business. d-frank.dod and to be clear, this is an analyst suggesting they will have layoffs. somebody always knows. coming up, we are going to double your earnings pleasure. apple and facebook report after the bell. this is "the pulse." "bloomberg surveillance." ♪ >> ellen zentner and james glassman on "bloomberg surveillance." warren buffett at 3:00 p.m. the major interview of the day, william ackman in the 10:00 a.m. hour. read matt levine's op-ed before you listen to a conversation with bill ackman. look for them today on bloomberg television. good morning, this is "bloomberg surveillance." fum tom keene wit

let's have a look at another stock, barclays. everybody is doing it. it is a bad bank. the commodities business, the fixed income business, some u.s. mortgage assets and european lending books in spain and italy. 54 billion euros worth of risk weighted assets. alstom up 11.8%. we called it 20%, it was up 12%. >> pretty good. >> let's have a look at heritage oil. we have another deal on the table. we are keeping that in focus. qatar's al miqrab agrees to buy heritage oil for $1.5 billion. 224 million pounds if you prefer. enough enter out of me. let's talk to johnnie. cpi on the way. are you bothered at all about u.s. gdp? >> i am bothered about the fed. there is this big logistical problem where we still haven't got those two governors concerned by the senate. jeremy stein steps down at the end of may. by june, we may just have three governors. >> just going to give you the gdp for spain. we have gdp rising by 0.4% for spain. retail sales coming in at 0.6%. you are fully armed. >> i am excited for the euro. i will give it a go. ftse 100 closing close to a two-month high

bank services that barclays does. , it is important for the agendas will. >> yes, indeed.have to make some big decisions about the network and the underlying costs there. >> great to have you with us. wheeler with med iobanker. i'm waiting for the joggers to come past. they're looking very energetic. [laughter] kettle -- black. [laughter] shall we move on and talk about technology? >> yes. enough to restore investor faith intact. joinede analysis, we are with our guest. great to see you. try to dig into the apple numbers a little bit for us. ted to give us some clarity around what we are seeing in the market. i think there are two areas where investors will be relieved on the apple numbers. is very healthy beat in terms of iphone shipments. a nices given you revenue line. the second thing is people were word that guidance is going to be a little bit soft. everyone is talking about this iphone six and the bigger screen, etc., etc. they're worried more people than usual might hold off on buying a new iphone before the new one is available. that could cause the next weaker th

barclays settles the first u.k. lawsuit.omes a week before trial that would've featured testimony from former barclays officials. stalling demand in the smart phone market. turnings andrecent posted the second decline in quarterly profits as the market becomes more saturated. joining us now is francisco geronimo, research director of european mobile devices. thank you very much for joining us. how much of a big deal is this second straight decline in quarterly profits come a the first quarter is traditionally week for technology companies. what should we read into this? >> this is something that we were already expecting. the first quarter is --ditionally much lower than on the other hand the market is saturated, particularly developed markets. smartphone saturation is much higher than it was a couple of years ago. so most consumers in most unit -- users already have a smartphone. is not about attracting the users from the very basic phones to the smart devices. it is about keeping them motivated to replace the devices and b

i'm joined by larry barclay. good to see you again. blanchard is saying that the u.s.driving the global economy and that for the most part, "the brakes are gone." is your outlook similar.com -- similar? >> typically, yes. like are emerging markets .hina and brazil those countries are finally lagging a bit. i think olivier is right that the recovery is on solid footing in the u.s. may be disappointing some people that thought it was going to grow at three percent. we are at 2.5% or so. >> the imf says the u.s. is going to benefit from a longer timeframe of lower interest rates. what does that mean for treasuries, particularly given last year's selloff in the bond markets? >> i think last year's selloff was a good thing. the one place we saw a bubble was in fixed income. even with growth at 1.5% to two percent, and even inflation at 1.5%, 10 year treasury yield at 1.5% were too low. that was encouraging some excesses in terms of leverage and borrowing. now with the 10 yield -- the 10 two treasury at about percent, that is consistent with reasonable growth. and it also ma

and barclay's buys a division and jeb bush becomes involved.re's a guy name george walker who ran the asset management division at lehman. people say he brought jeb in. this is a fairly lucrative job there. the only guy who works with wall street when antiwall street sentiment is big in the democratic party and not insignificant in the republican party. >> let's say he were to run, and hillary clinton is the democratic nominee, and she raises that. don't they in right back to her and say, well, that's finor you to say because you have gotten paid by these guys. >> she has connections with wall street. black rock, the biggest money management firm is run by larry fink, one of her top so-s, cheryl mills, on the board of black roc. there are democrats all over wall street, particularly that. there is not one potential or presidential candidate right now who works on wall street. it's going to be brought up. it's going to -- he is going to have to answer to this, particularly in a general election. even in a republican primary, tea party people pla

that's why, at barclays, our ambition is to always realize yours. >>> i'm back now with my experts.ant to get your final thoughts on this point. is there one thing you would have liked to see happen at the beginning of this investigation that would dramatically change where we are today? miles? >> the malaysians said we cannot handle the investigation and turned it of to the australians. >> they should have done daily briefings from the beginning and said what they could and what they couldn't. >> they didn't know anything at the beginning. but right now they need to release the inmarsat data. >> jim tilmon? >> radar. using the radar that they have and letting us know what it sees from the very, very beginning of this thing right up to today. >> mary? >> the joint task force it's a great idea and brings in all the nations. they should have set it up on day one. >> and tim taylor? >> leadership transparency. >> that simple. i got it all in in one minute. very good. always appreciate you bringing the best information and your expertise on this, very valuable. that's it for us tonight.

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in 2010, rather than and entrepreneur jayz joined his partners to why start their development barclayenter. eb 5 investment program. >> eb 5 allows folks from all around the world to come and participate in one of the most exciting developments around the country. >> promotional videos like these helped fuel the program. wealthyy foreign nationals can fast track getting a two year visa in exchange for investing in credit projects. hiss ore her cal create at least, are granted about 95% of the time. >> foreign nationals are interested in the eb 5 program for a number of reasons. the chinese for example are very concerned about government instability, political upheavals and of course, education. education is paper nown paramount. >> the u.s. citizens immigration service issued just 2,000 eb 5 vias in 1967. that skyrocketed. with 76 going to chinese investors. the remaining were spread among credit south korea, taiwan. simply buy a glean -- green card. even advocacy acknowledge that for some eb 5 investors profitability isn't the primary concern. >> they say if you get your eb 5 it's go

that's why, at barclays, our ambition is to always realize yours.rowth, t year imax saw sales of its china business increase nearly 26% to $56.5 million, but even bigger plans could be in the works. the company announcing it plans to sell a 20% stake in imax china to two china-focused media and private equity firms. so is an ipo in china in the pipeline? joining us now, first on fox business, rich gelfond, imax ceo. $80 million deal, 40 million to one company, 40 million to another. one is fully entrenched in china, correct? >> they're both. one of them which is called fountain vest is a private equity firm, they manage about $2 billion. they're people out of gold match zacks, and they have a wonderful track record. strategically, the other partner is important to us, they run cmc which is the largest media investment company in china. he's dreamworks partner at dreamworks animation in china, he owns some of fox's assets, joint ventures with time warner, and he's probably the most preeminent media guy in the country. liz: mr. li, and we conducted an

that's wh at barclays, our ambition is to alys realize yours.rwith secure wifie for your business. it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. dierdre: tensions -- melissa: tensions are heightening with russia. u.s. is imposing additional sanctions as the situation worsens in ukraine. fox's leland vittert is live in ukraine. leland what is the latest? >> reporter: melissa, on the ground here, those new sanctions are largely being met with a yawn by both sides. pro-ukrainians say they are simply not tough enough and pro-russian militias don't care because moscow doesn't seem to care or to do anything differently. day four today of the siege or what the ukrainian military would like to call a siege. we went up for a couple of hours to the front lines we found out past f

you saw him use the barclays mastercard.fact that he spends $250,000 a year in order to get a trip to ft. lauderdale. >> company lunches and expenses and things like that. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they pick up some of what medicare doesn't pay and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand what medicare is all about and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. there's a range of plans to choose from, too, and they all travel with you anywhere in the country. join the millions who have already enrolled in the

." >>> up next and getting serious buzz, bryan bautista, an usher, who works at the barclays center inssisting customers to sing the national anthem at the nets versus knicks game. and one word, wow. ♪ oh say, does that star-spangled banner ♪ ♪ yet wave >> after singing, we're told bryan went right back to work. >> i think he's going to have a new job some time soon. >> you hope so. when he headlines barclays, he will have made it. >> he's already made it. >> that's a reminder of how much undiscovered talent there is out there. >> i agree. >>> someone else getting loads of clicks with talent, 3-year-old eva with a sauciness way beyond her years. she is becoming the queen of vine videos. first, her tip for picking up boys. >> you have to flirt. hey, bud. >> if that doesn't work, she's already crafted the perfect comeback. >> talk to the hand. >> if you need to win her back, don't forget the nuts. don't forget the nuts. >> get my nuts. get my nuts. >>> we'll be right back. into another. dewalk s but there is a place where every street is different. every corner plays a new song. every da

the chief india economist at barclays. back to you now, ross. >> sri, thank you. plenty more from sri in mumbai and you can follow him on cnbc.com. >>> changes are trying to be made for a full recovery. the workshop provided an opportunity to take early stock of how mateo renze and his team have fared so far. he gave his assessment of the new leadership. >> this is a young government from all perspective, and i think they are on the right direction for sure for many, many reasons. i think it is a welcomed sign of the generational change that in italy is really what we were lacking, a lot of energy and focusing on the right thing. the first thing that needs to be changed is the decision process in italy. our institutional setting in the past has proved up capable to provide the right speed and the right force for implementation. and this focusing on the institutional reforms starting from the intellectual law and our parliament and different works is the right way of proceeding. because before having the right plan, you have to make sure you have a decision process

not so, says barclays. they felt that the investment would make it a stronger company overall.ut -- it in the statement. they say we are vesting -- investing in our rtu platform and china start up. they have a new euro hub. a warehouse in shanghai. is 32% among u.k. twentysomethings. thank you. are bracing for a three-day pilot strike for look on the. luftansa.nda -- for kind of disruption will lead walkout cause -- >> we have been speaking about the flights that will be canceled. 3800. that will leave about 500 flight still flying. i can see the on plane coming in. -- twobeen here the odd hours or so. not very many. the big impact will be on the passengers. 20 425 thousand passengers will be affected. disruption tohe the bottom line. we were speaking to the head of communications. she came out with the most accurate estimate we have had so far. it actually could cost the airline between 40 and 50 million euros. they won't know until after the strike has ended. that could actually have a significant impact on their efforts to reach the operating profit target of 2.6 5 billion b

that's why, at barclays, our ambition is to always realize yours. >>> i'm back now with my expert teams on tonight's developments in the search for flight 370, especially in light of that press conference. i'm going to start with you, mikey kay. >> i just want to reinforce the intensity of which the australians and the gacc are throwing assets at this. we heard from the australian defense minister 133 missions have occurred so far. that's over four missions a day. that's impressive and that should reassure the international community and their family and loved ones that they're taking this very seriously. >> paul ginsburg, i hope that's not his satellite going out. do we have paul? >> yes. i would just like to hope that some day we will be uploading flight data to satellite, so that data does not go down with the ship. >> jeff wise? >> the source of a lot of these false positives tend out to be signals from the ships themselves. >> steven marks? >> the coordination of this search, i'm discouraged by the time that's left on the battery life, and i really don't understand why there is su

. >> vasojoined his partners in brooklyn to break ground on their development barclays center in atlantic yards. the project was funded in small part through the eb-5 visa investment program. >> it allows people to come and participate in one of the exciting developments in our country. >> reporter: this helped to fuel the program. for half a million dollars wealthy foreign nationals can fast track the process for a two-year visa in exchange for government approved projects. it becomes permanent if they can create ten u.s. jobs. permanent eb-5 green cards are granted 95% of the time. >> foreign nationals are interested in eb-5 for a number of reasons. the chinese are concerned about political upheaval and education. education is paramount. so the chinese will often just get the green card simply as an insurance factor. >> reporter: the u.s. citizens and immigration services issued 800 eb-5 visas in 2007. that number skyrocketed to 6600 in 2012, with 76% going to chinese investors. the remaining visas were spread among immigrants from south korea, taiwan, the united kingdom and hong kong.

. ♪ at the barclays center nirvana was joined on stage by joan jett replacing the late kurt cobain. four members of kiss were honored, and peter gabriel and hal and oates. and the e street band went in too. they performed with their boss, bruce springsteen. ♪ hall and oates. and the e street band went in too. they performed with their boss, bruce springsteen. [ cherry ] i just crashed a wedding to talk about bums. you didn't really like them before... i didn't. how about now? now i'm thinking about going the one, two, one. yeah that's good. i like one, two, one! congratulations. nothing leaves you feeling cleaner and fresher than the cottonelle care routine. nothing leaves you feeling cleaner and fresher than >>> here's another look at this morning's top stories. >>> a truck slams into a charter bus carrying high school students on a college visit in northern california. at least nine people were killed in the fiery collision. sfwlfrmgts and. >>> and health and human services secretary kathleen sibelius is resigning. she was in charge of the rocky rollout of the obamacare website la

based traders at british bank barclays face criminal charges in the libor rate rigging scandal. they become the first on american soil to become a part of the scandal to be charged by uk authorities. the 3 traders reportedly will stand before a london court next month. security flaws have aol and microsoft users on alert. microsoft is working to fix a bug that has been discovered in versions 6 through 11 of its "internet explorer" browser. at aol -- a rise in "spoofed emails" has triggered an investigation. fake emails were sent to a "signficant amount" of aol users, and contain malicious links that compromise user data. aol says all users should change passwords and security answers. toyota is moving its sales headquarters from southern calfornia to texas. it's one of many changes by the automaker to save money after paying a $1.2 billion to fine to the justice department over a delayed recalls for fautly car parts including steering wheels and airbag. it's well documented texas governor rick perry has been making lucrative offers to california companies to move to texas. in ja

the trial would have featured testimony from former barclays officials., you're used to squinting -- scanning words. start up ish reinventing the way that we read. sprint streams content add one word at a time and you can double your reading speed as a result. sam grobart reports. these contain a lot of books. thousands of years, we have been pretty good at the whole reading thing. in most places, we do it the same way. we start with our eyes on one side of the page and we move them across to the other. isew company called spritz trying to change all that. it presents words sequentially, one after another. why would you want to read this way? there may be to benefits. if you are presenting things word by word, you do not need a large display to read longer text. samsung has hooked up with spritz to include that technology. there may be a second benefit. 80% of our time reading is spent moving our eyes from word to word and refocusing on each one. if we do not have to do that anymore, the words come to us, we can read, spritz says, faster. spritz often set

a friend with a reclusive swiss tv and thinking the second largest credit suisse tradition barclays all with a stable outlook. french financial banking group pmp paradise and hsbc bank the believer stable outlook greens for which a bank lloyds bank in specific and i were downgraded from stable to negative. companies don't like this up it's on a cross licensing agreement on customs in accordance with a cream and double pay royalties to microsoft products and promotes the sport and enjoy life or something through provides a look back and protection aside from this according to representative of microsoft dell is licensing intellectual property rights over the xbox console. sony will sell another one of its office buildings in tokyo a visit to the reports the company agreed in the sale price of sixty eight million dollars previously bank's headquarters of the corporation were sold for one hundred and fifty six million years dollars. ice cream market. boy aim of the cars some ice cream market in twenty twelve amounted to forty million readers. markets growth in an explosive three to four pe

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that's why, at barclays, our ambition is to always realize yours. >>> getting some breaking news now.earer picture of why search teams were looking in the wrong place be t

a friend with a reclusive swiss ups in the second largest credit suisse tradition barclays all with a stable outlook for financial banking group pmp paradise and hsbc bank. the believer stable outlook springs resort to bank lloyds bank and so steep it and i were downgraded from stable to negative. now my picks up the sun a cross licensing agreement on customs in accordance with the agreement that will pay royalties to watch her suffer from eczema promotes the sport and enjoy. like herself in turn will provide to look back and protection aside from this according to representative of my piece of demos licensing intellectual property rights over the xbox console. so you'll still another one of its office buildings in tokyo a visit to the reports the company agreed in the sale price of sixty eight million dollars previously the ex headquarters of the corporation were sold for one hundred and fifty six million dollars ice cream market. boy am of the kazakhstan ice cream market in twenty twelve amounted to forty million readers. the market's growth dynamics is positive. three to four perce

deal with the city in the barclays we are here on behalf of the people that people demand a referendum the people demand to be her. these are not our personal defects these are the demands of the people and or acting as delegates of the people. some were intended. some were misled by the media. we are the ones who are neither intimidated or misled buttons are changing rapidly in ukraine and on takeoff see we are on top of exactly what's happening to stay with this. also keep across the website aunty took home four minutes one minute of dice and expert analysis well maybe ongoing unrest ukraine's economy has been showing no signs of improvements and offering a helping hand. washington opposed the wall billion dollar london tv crying thus in addition to find an eu funds according to former us presidential candidate in rome for america's been followed too closely involved in the kiev uprising that has a clip about it you can watch the full version became like that. it spent in the last ten years or so over five billion dollars trying to bring the democratic process that to you you crazy.

job cuts may be on the way up to barclays investment bank yet again.etch -- could cut 7500 jobs in order to return -- improve returns on its securities unit. the fixed income commodities unit may be the hardest hit. if they keep cutting jobs? in is going to make money there? >> stephanie said it, it is all about activism. in the last hour we welcomed bill ackman. right now bill george and john stravinsky are here, as well as mike mayo. mike has embraced the trend and is calling himself the activist analyst. we are asking, who else should be speaking up? welcome, mike. you and i have talked about this. there was an op-ed earlier this month in "the new york times," where they made the case that a fringe minority was dominating the activist debate and more people need to participate. institutional shareholders, like blackrock, for example, analysts like yourself, perhaps even the media. is that how you see your self? have you always seen yourself that way? >> thank you for having this panel. thank attention to the comments from earlier, this is my day job

barclays is planning to move its commodities division into a bad bank of on what it assets.hony jenkins is under pressure to improve profitability. -- those of top headlines. back to you. >> thank you. nextncing the cast of the "star wars" motion fixed or -- motion picture. they will join a fresh crop of actors. here with the details, devin leonard. i know you love everything associated with "star wars." why is this such a big deal? and jj abrams have been secretive about what is going on with episode seven. we know the script is done. they are starting production. they haven't said anything about who is going to be in it. markoke the news that hamill and carrie fisher and harrison ford were going to be in it. george lucas blurted that out in 2013. lucasfilm never confirmed that. this is the first they have done that. >> jj abrams. tell us who he is and why he decided to break his silence now. >> he is a brilliant director. he was behind "lost" and the k" movies.star tre he is very secretive. his hand was forced. word was leaking that these actors were seen. he had to come o

with whom they have been keeping close ties, whether it's condoleezza rice or jeb bush's service at barclays. getting 200 grand for a speech at goldman sachs. should these corporate connections stick and could they prove sticky? in the group that protested condoleezza rice said it's not partisan, but here are issues. number one, she hulk in turn help to start the iraq war and then she helped to create bush's torture program and three, she served on the board of chevron. i mean, this is -- the left out to get anyone associated with bush or the republican party. it is just criminal. >> i wonder how they make a big deal of anyone's corporate connections in the past. but this, to me, just use like it's crazy. >> i think it is ridiculous red where were they when others stepped up for this company. there are lots of guys to go from wall street to washington. they either have to have an agreement with this kind of behavior is a no-no or they need to get off their high horse. >> and the whole point of being a public servant at low pay is the corporate gravy train later. [laughter] >> i'm not kidding

. >> this is called the barclays fi enhanced high dividend etf. this is a custom-made etn.tment makes this together. the only investment is fisher investments. mainly people can see it on the exchange, trade it. it was tailored for this one investor. they stay open with a billion dollars at least. theylike it because immediately get asset. anyone can invest but these are held up on the site. copy allr thing is stop >> it is on fire this year, up 100%. you cannot get coffee in an etf structure. ,etn's areatment tracked like a regular etf. they are taxed a little bit differently and is not as easy. >> bad boys getting a little less ad. thank you so much. we appreciate it. we will be here a little bit later. "street smart" is next. ♪ >> ukraine and seven sending stocks into the red all stop week regained. i am trish regan. "street smart" begins now. welcome to the most the power of the session. 60 minutes left until the closing bell will stop russia's economic past. a ruble in real one. -- in ruin.

when you build ballparks, whether it is yankee stadium, citi field, or look at the great job the barclaysne, it provides economic opportunity for the whole community. problem, what you have in a situation like this in florida is that people go there anyway. thehave these models that communities put together to sell to their taxpayers to suggest that a certain number of people are going to come and spend a certain amount of money. a lot of methodological problems have been found but those studies. academic economists use actual data, spending and taxes before and after not finding any effect at all. when the yankees moved to hillsboro county in tampa, tax receipts went up in fort lauderdale and went down in hillsboro county. not a demonstrable benefit to the county from the yankees arriving. there is that if you want to see baseball, but in terms of taxpayer -- tax dollars coming in, people can find it. >> i think i disagree with you, which is often the case from people who are academics, then there are people who are practical, like myself. if you talk to the great people of the great cit