yahoo c.e.o. marissa mayer mire announced they are buying tumblr for more than $1 billion. yahoo c.e.o. is hoping this will turn around the decline. >> that is right. it has been ten months since yahoo c.e.o. marissa mayer joined yahoo and is trying to reinvograte the website. she hopes that tumblr will help do that. 50 percent of users are younger than 25 and she needs them. this is the boldest move to date. yahoo c.e.o. marissa mayer calls the blogging site a "game changer." >> today is an exciting day for yahoo, tumblr and the users. yahoo c.e.o. marissa mayer spoke town vestors by conference call announcing the $1.1 billion cash purchase of tumblr. she started with a vow that has become the headline of the acquisition. >> we are making sincere promise to not screw it up. >> she tweeted a link to her own tumblr page with this gift "yahoo, tumblr panic and freak out, keep calm, carry on." the first time an animation has been created with an animate gift, but many are not buying it, worried this

. >> in the last hour yahoo c.e.o. marissa mayer made the purchase of social networking and blog site tumblr official and is making a bold promise. >> abc7 news kira klapper has more. >> marissa mayer tweeted a tweet about yahoo buying tumblr and says "i'm delighted to announce we have reached an agreement to acquire tumblr and we promise not to screw it up." yahoo is paying all cash $1.1 billion for tumblr a blogging forum and will be independently operated as a separate business and the founder and c.e.o., a 26-year-old, will stay on as c.e.o. this is a big risk with potentially huge rewards for yahoo. tumblr has not proven to be a money making website but captured the demographic of 16 to 35-year-old. also, tumblr hosts 105 million different blogs and 900 posts per second. >> if it is a success she will be a hero but even if not completely successful, it shows she ising to take risks and go after the younger generation that is highly prized for yahoo. >> as with anything, not everyone is happy about the acquisition.

former goldman sachs c.e.o. and former new jersey governor and senator had made highly leveraged bets on european debt with our money as creditors became increasingly concerned about m.s. global solvency they demanded more cash and collateral but when the dust settled one point six billion dollars of customers fines was missing and these were not investors who had decided to risk money on the firm these were customers who simply put cash in securities on deposit with m.f. global to secure trades former f.b.i. director louis freeh he was appointed the trustee over the parent holding company is suing john corazon and demanding a jury trial something that's pretty unusual for a bankruptcy case i talked to earlier today with john breaux co-founder of the commodity customer coalition as well as prime interest producer bob english and i asked john what's the strategy with free demanding a jury trial for corazon and here's what he said. if you're more for. the program the artwork and. everyone. over. here. so it will b

and that was my interview with gerry the founder and c.e.o. of trade how. it's time for the daily deal this is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain so spaniards can afford to go there because we can organize originally have left spain off the tour list because they fear they will not be able to fill all the seats with the hiring of unemployment so bon jovi just said he would sell the tickets at cost to the spanish fans but i don't know if this is fair to the other countries in europe have to pay full price for their tickets while spain is getting out of anything i guess it depends on how much you like jon bon jovi i mean what do what is he going to do if he goes to cyprus maybe he can just charge them a bit koreans but i think it speaks to a larger problem in europe which is kind of structural the way the currency system is set up in the fiscal system is set up i mean what do you think well i think

and finally apple c.e.o. tim cook goes to washington tomorrow to testify over taxes did they pay too little are they gaming the system will present his own plan to congress that will have repercussions throughout the four fortune five hundred universe i'm going to be at the hearing and i'll bring back a full report tomorrow but first today let's get to what's in your prime interest. the first major bitcoin conference took place last weekend in san jose california prime interest producer bob inglis and i we were there and we had the chance to interact with a wide selection of in ten days from c.e.o.'s to techies and to just simply because an enthusiast over the next few weeks we're going to feature these interviews we have interviews from the top execs at cloying labs trade hill zip zap monetise run to gold dot com and open coin which is developing the somewhat controversial ripple currency in payment system now today we're going to feature the youngest one of the youngest c.e.o.'s at the conference he's one o

in response to close doors i now to talk about revolving doors so many judd gregg he was just named c.e.o. of the securities industry and financial markets association or systema which is a lot wall street lobbying powerhouse so it might represent over six hundred fifty securities firms banks and asset managers and they pay their executives a multimillion dollar salaries they've been described as a very important jury trade group for a lot of very wealthy firms so explain how we got here let's take a step back and look at his past who wrote balding door. judd gregg has a strong background in politics he started his career in the u.s. house of representatives where he served from one thousand nine hundred eighty eight to one nine hundred eighty seven he then ran for governor of new hampshire and held that seat for two terms in the one nine hundred ninety three he ran on the republican ticket and served for three terms in the united states senate now while in the senate judd gregg played some key roles and women in policies supported by the largest. financial institutions during the two tho

code is included the witness apple c.e.o. tim cook and as i understand there were three panels of witnesses on the first panel were two professors jay richard harvey from villanova university school of law and stephen from harvard law they both broke down apple's accounting strategies that it used to minimize its tax exposure and as we discovered the tools that apple is using are pretty clever. yes senator carl levin who's the chairman of the committee he had this to say about what apple is doing. with the holy grail of tax avoidance i'm sure corporations do their user not for tax purposes resident anywhere you need. so is calling in the knights templar what's the solution for finding the holy grail or i guess overcoming it here well the offshore corporations that he's referring to they have no tax residence which is why he calls them ghost companies they literally exist nowhere so they don't exist anywhere but they must operate from somewhere or do something somewhere right here is the state. which is the apple operations en

at the time and people have to understand that it was a big coup for the c.e.o. to see to be able to regulate a big portion of the seven hundred trillion dollar derivative industry and that was really his focus i don't think gary gensler really cared about the futures and it's true that much and that's what we saw when the like you said the c.f. to c. was kind of an absentee landlord in those early days and if they have case a pop regulator this is up for reauthorization if either congress you know which might open the doors for the opportunity to see change here and you've said you have an innovative way to to make more prosperous protected if there's another and that paul can you talk about your plan john. we recommend first and foremost the guy says issue there's agreement between the different that together governor money for bankers. are made with a very very simple basically there's two bags and one for the laws that govern mining program for when they work together we're going to group it was just going from the problem. and the safety and the bankruptcy b

thousand and eleven and he cashed out and became a goldman sachs international advisor the bank's c.e.o. said greg's experience and insight will contribute significantly to our firm from there judd gregg made a leap in his career and he's now the c.e.o. of systema their goal is overcoming the stigma of the financial industries stranglehold over america and they spent over five million dollars on lobbying efforts last year alone we're sure mr gregg have plenty of insight to share with as he's been through the valving door and made out quite well. well stay tuned because i've next we're going to discuss the end of an hour of how a train wreck foreclosure process with matthew o'bryant them crime and just producer bob inglis and i will do all over the see attitude see if that's right and gary gensler we're coming for you we'll be right back. i was a new alert animation scripts scare me a little bit. there is breaking news tonight and we are continuing to follow the breaking news. the alexander family cry tears of the why it is great things other than. bread or get a quart of water on the gr

today, the average c.e.o. in the same line of those companies makes about 350 times the average worker. think of that. how can that be fair? productivity tends to increase but the workers do not get the reward. this is something we have to address. income disparity undermines the middle class. the backbone of our democracy, i keep saying. one of the ways that we can address the disparity and the income is to address the disparity in education. we have to make sure that every person can participant in our country's prosperity. we must end disparity in education by supporting our teachers, supporting education and by making college more affordable to many more people. we must do that. and it's not as if by investing in education we will increase the deficit, we must deincrease the deficit. -- decrease the deficit. nothing brings more money to the treasure -- treasury than nvesting in education. so actually by investing in education, we reduce the deficit. we reduce educational disparity and we reduce income disp

he is the c.e.o. of delta airlines. this week they will unveil their brand new terminal 4 signifying delta's place as one of the country's premiere airlines and represents a changing in the industry as carriers invest in better amenities and infrastructure. in 2008 he oversaw the merger with northwest airlines where he formerly served as c.e.o. i am pleased to have him here at this table. welcome. >> thank you for having me. >> rose: first the industry. it seems like they're merging four. >> in the long run it's good for the country and good for the industry to have a strong and stable set of global airlines. >> rose: but does it reduce competition because those four, in a sense, have their own areas that are staked out for them. >> well, the industry is incredibly competitive, probably one of the most competitive industries in our country or in the world, and consumers have good transparency through the internet on fares and offerings, so there's plenty of contestability in the marketplace with four big carriers. >> ro

all right next we have diddy combs he is the c.e.o. and founder of bad boy the worldwide entertainment group and c.n.n. and time magazine named him one of the most business men in the world he made about forty five million dollars last year so has adventure with vodka has made him a net worth of five hundred eighty million dollars but he wouldn't be on our list without a few arrests in one thousand nine hundred ninety five he was chillin with his girlfriend j. lo they forgot about. that he was arrested for weapons violations and then again in two thousand and one he was arrested for driving on a suspended license he was driving a scooter ensoul i don't know how if you've ever been to south beach but scooter violations are taking very seriously there seriously this guy has been a businessman from day one and yes he's had gangster rappers working for him but i think at the end of the day he's one of the most fabulously wealthy persons and i'm going to say he's a banker i'm going to say gangster he has weapons violations he drove a scoote

been surprise surprise according to american banker at the pay a bank its c.e.o. is rolls eleven percent in two thousand and twelve but it's not just top bankers who are cashing in big dog trader and male dance iger and his he's been known to have a quid pro quo lation ships with brokers accepting off but compensations in the form of lavish drug parties that dylan's gloves his dirty deals believe it or not have gotten filthy u.s. attorneys ours respecting that dan zeiger and his broker buddies tried to rig up the libel or we'll talk more about the fine line between bankers and gangsters in today's daily rule let's get to what's in your interest. we're hearing a lot in the news about too big to fail too big to jail and even too big to exist ontological issues aside suffice to say many people are frustrated with the institutions that received taxpayer bailouts and in the same year a paid out excessive executive bonuses it's been a hard pill for some families to swallow to have their homes wrongly foreclosed on by one of these too big to fail financial institutions t

talking about chairman and c.e.o.o the "new york times," that they're looking now to vote in favor of the non binding proposal to split j.p. morgan's top roles of chief executive and the share man roles, both of which are held by mr. jamie diamond since 2006. it's not unusual to hear this. this had been proposed last year with 40% approval. it was a similar proposal but -- and it received 40% approval from the shareholders in 12012. argument is that you should split the top roles, they should be separated to maximize management accountability and all of this comes on the heels of what we saw where don't forget, they had the trading fiasco abroad that saddled the company with about $6 million in losses. jamie diamond's pay compensation was cut in half for punishment but this is something back on the table and big news. stock has up arrows. back to you. connell: how about mcdonalds? it's in the middle of the kidnapping case in cleveland. this guy, charles ramsey, the guy who helped to free the three captive women, he's

bois as the economic crisis continues and then we're in an interview would be a financial times the c.e.o. of siemens europe's largest engineering group had said of this problem is particularly acute in contra like in germany and in turn this affects their competitiveness which forces them to move substantial parts of their research and development to countries like china and india and all of this is being set as the block is facing record unemployment or we spoke with a research fellow from the eggman institute to give us a bit more insight into what is happening here in europe. where i think it's it has

this morning, the c.e.o. of america's cup and the coast guard will brief us on the deadly accident claiming the life of an olympian on the bay. abc7 news reporter cornell bernard joins us with what we are learning. >> the racing boat was towed here to treasure island, clipper coffee, here. security now surrounds the vessel which is upside down in the water. you can see two, one of two red pontoons visible from here. andrew simpson died when artemis racing boat capsized. he was 36. he was a husband and a father from england. tweeted this year that he was excited about moving to the bay area for six months to prepare for america's cup. he is a two-time olympic sailing medalist and trapped under the catamaran for ten minutes when it capsized. the president says the crew is "in shock." >> it certainly is not the first of our concerns, the boat. we are focused on the people. >> the entire sailing community is grieving. the flag at headquarters is fly at half staff as are the flags at pier 30 and pier 32 home of th

you want a c.e.o.and there's no question about the fact that he did that when he was at bank one and did he it again when he was at j.p. morgan. when he took over j.p. morgan, he went through this financial crisis and the stock is actually up, something like 20% from when he took over to what it is today when bank stocks in general are down about 20%. he's done the job for the shareholder and therefore, you would think the shareholder would be loyal to him and keep him in position. don: there might be another reason the shareholders are loyal to jamie dimon. if you look at the seven out of the top 10 shareholders voting tomorrow, and this will truly swing the vote tomorrow, many of these gentlemen, they're all men, are both chairman and c.e.o. of their own firms and here's a list. black hawk, van guard, wellington, those are the top five. seven out of 10. doesn't this in itself mean he's going to keep both jobs? >> it is a pretty strong indicator that he will. i think personally that it might be a 55-4

three blows you know for your media project c.e.o. don carty dot com. good afternoon and welcome to prime interest i'm harry i'm boring here and washington d.c. and here's a story that we're tracking today. you hear it first here on prime interest and we're calling it bloomberg gate is heating up like a scandalous break in at a washington hotel first at goldman sachs complained they got wind that bloomberg reporters are trolling their logon records now we know at least one employee was keeping tabs on the none other of ben bernanke and to him geithner no word on how often the chairman checks the price of gold but in a related development more than ten thousand private messages sent from bloomberg terminals turned up on the web after a simple search. for the new york mayor's namesake from and we're just one week away from the most anticipated shareholder meeting of the year j.p. morgan shareholders are raising questions about come details made between board members and their outside affiliates and we've been reporting jamie dimon himself is rumored to be

maker forecast a better than expected profit, and the c.e.o. is in the process of cutting 20,000 jobs. bad news in you are sitting on a gift card from borders because you will not get anything for the estimated $210 million you hold. the judge said it would be unfair to the other groups that borders owes unnow they have completely shut down. which metro area has the hottest real estate market in you may not be surprised, san jose followed by san francisco. sacramento is four and two-thirds of homes for san jose were in contract in two weeks. in san jose, 48 homes were sold in 24 hours and san francisco, 81 homes sold in just a day. that is the new york stock exchange. >> turning over to mike and checking out a windy morning. >> some spots, it is breezy. we will show those to you and live doppler 7 hd showing you how dry it is but we can show you where it will be breezy the next hour at sfo around 23 miles per hour, and half moon bay at 16 and as has been the case throughout the morning show, these continue to relax but they will come become thi

. >> ifill: apple's c.e.o. faced blistering questions on capitol hill today. margaret warner looks at whether the tech giant used offshore companies to skirt paying billions in taxes. >> brown: and we close with miles o'brien on the legacy of astronaut sally ride and her goal to get more girls to study science, technology engineering and math. >> to get young girls interested in the stem fields, that was her life's mission. you talk to a lot of astronauts, their mission was s to go to space. her mission was a springboard for something else. >> ifill: that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: the people of moore, oklahoma, began the long climb back today from catastrophe. authorities labored to c