defense truck maker shot up on news investor carl icahn may buy them.xt year, walmart is going to offer employees free heart, spine transplant surgeries. the reason? walmart believes paying more to get the job done right the first time saves on complications. >>> the u.s. postal service will raise rates on january 27 to offset a record $15 billion in losses this year. good news if you stocked up on forever stamps in 2007, you are now saving a nickel a piece. >>> to get a warm fuzzy feeling when you see the thumbs up sign next to your facebook page? of course we do, right? creative students have taken it a step further. they designed a vest that inflates when you are wearing it and gives you a hug when someone likes your facebook status. >>> one of the stories trending has to do with past winners of the nobel prize. a new study showed a corelation between eating chocolate and winners. those who consumed more chocolate brought back more nobel prizes. >>> the as are sent packing. plus, san francisco slams into the nlcs. sports is ahead on "first look." yea

talking about carl icahn. nicole: the truck and the local company in wisconsin, shares up 16%.as halted with a pause for volatility. shot up to a 52 week high on the heels that carl icahn announcing the tender offer for shares so now we are moving forward. how much was the author? $32.50 a share. we saw a stock as high as $31.30. at every moment you see it jumped on heavy volume. big spike in the interday chart and it was halted and back in action. he made it his intention to nominate directors for elections to the board at an upcoming annual meeting so some names that will continue to follow but obviously it is a big one. >> we will keep the breaking news. a close for the day of european trading and ashley webster is here to tell us how the europeans did today. ashley: the u.s. jobs report is incomplete, give european markets a boost despite the latest downgrade of spanish debt and the closing bell green across the screen and the cac quarante up 1.5% and the dax up 1%. nice strong day despite the fact the standard and foresees mounting risk to t public finances after cutting t

. >> carl icahn. has a fantastic track record. it's been a good year for him in general.hen you think about him in net flick, you think about him and blockbuster, which he's called the worst investment he's hmade of his life. it had too much debt. there was a change in the industry, which he didn't recognize. too many stores. a change in the industry is what -- because it's the same industry and at that time netflix was the competitor of -- >> exactly. >> now it's being seen as a stick in the mud here left behind. >> i think carl has fun doing these things. some of it works. >> definitely. >> some of them don't. >> it's a streaming angle. you said the name, you play with amazon. if you play it, i'd rather are play the content side of it and play a lion's game. even though it's at the high end. i'd rather be with content providers and rather play with amazon for streaming. >> even the chairman said to us that they are basically agnos c agnostic. they don't care how you it gets to the consumer. it gets there. >> made 14% today. >> yeah. >> all right. power outages remain on

do you like the way carl icahn invests in his funds, but you don't have the dough to invest alongsidem? there is a way to do that and outperforming the market. returned 15% in the past year. for more on that, let's bring in the portfolio manager of 3d activist fund. good to have you. i'm curious of what your biggest position is and therefore in which manager you have the most confidence. >> well, my biggest -- i have a lot of -- it's weighted on somewhat of a disciplined basis. haines celestial is a big position of icahn. a lot of these have done very well over the year. correction corps. >> and how do you use the information? because a lot of times investors get this information from the 3d filing, it could be dated. we don't know what the cost basis is, how they're investing exactly. if you get the filing, what do you do then? >> we do most of the time know what the cost basis is. it's in the filing and basically analyzing the event, the 13d event. i've been doing this for 13 1/2 years, i have great contact with pretty much everyone in the industry. so in my -- even in my research r

carl icahn this morning issuing an unsolicited tender offer of $32.50 a share.hey say they'll get back to shareholders within ten days. meantime though, interestingly navistar is up on some speculation that maybe this will help carl icahn bring the two companies together. >> bertha, thank you. >>> some people say that this market needs james bond. we're going to pose the question -- what does james bond tell us about the health of the luxury market? the ceo of omega will join us whether we come back. one is for a clean, westictureg dreams. that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> well, you heard lloyd blankfein talk about the global economy. today there are new fears about a slowdown over in china. check out its currency.

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activist investor carl icahn disclosed a 10% stake. general motors continues seeing business grow in asia and south america, even as earnings were down last quarter in the u.s., and it lost money in europe. the bottom line for g.m. in the third quarter was stronger than ancipated. earnings per share totaled 93 cents, well above the 60 cents per shares expected. g.m. returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion industry hit the tape with p.v.h. buying warnaco group, that's the company licensing calvin klein, speedo and other brands. warncstock shot up almost 39%. the dl tols $2.8 llion in cash an

so carl icahn made this offer to buy these outstanding shares so they're trying to take a little breatherand digest this at huge premiums to yesterday's close of 21%. interesting how the stock never got to that level of $32.50 but did set a new annual high. we will continue to follow it because you have the activist investor billionaire who could make a lot of changes in a lot of companies so we will see what happens in this. >> thank you, nicole petallides. dow jones industrials crossed the unchanged line 22 times since 3:00 p.m. this code since 3:00 p.m. 41 minutes. a lot of in decision. speaking of what the market likes and doesn't like, the market decided it didn't like yesterday's earnings numbers which were dragged down by higher marketing costs for a company called ruby tuesday but also a hunt for a new ceo because the founder -- got to set -- bit somebody else to run this but don't think about ruby tuesday yet. stock is moving hire by 1/2% reversing drop from yesterday. they did post positive same-store sales for the first time in two years. let's find out what they're doing right

. >>> webmd continues its efforts to keep billionaire investor carl icahn at bay. the on line health info provider is extending the poison pill for two years. webmd says the move is meant to deter a hostile takeover. icahn is the largest shareholder. he says webmd is undervalued. >>> residents of india can get their favorite cup of starbucks java. the coffee chain giant opening first flagship location in human by as part of a 50/50 joint venture with tata. that is the latest from the fox business network, giving you the power to prosper. lori: traders are running for the exits this time. melissa: big-time. lori: dow down 184 points. let's head straight to nicole petallides on the floor of the new york stock exchange to find out what is going on. >> i'm looking at dow jones industrial average right now, melissa, and lori, where we're down 185 points on the dow. obviously a tough day as we're down 1.4%. obviously that is a decent loss and it brings us closer to a losing week on wall street, 13,328 is where we closed last week. so we're about 40 points off of that lev

the truck maker agrees to appoint three new members to the board, avoiding a proxy fight with carl icahnshares on the rise. combining with amil. unh pays $4.9 billion in cash for 90% of amil's outstanding shares. >>> let's take a quick check on the energy markets. for that, we turn it over to sharon epperson at the nymex. >> we're looking at weakness pretty much across the board here in the energy market, particularly when you talk about crude oil prices, off the lows of the session. but there's a great deal of concern about asian demand. that world bank forecast saying the growth in china would be down around 7% compared to 8% last year, compared to double-digit growth in the past. that continues to worry traders about energy demand. and on the flip side, we have the syria/turkey tensions continuing to support the market. you can see that better in the brent crude market which didn't falter much in the past week where nymex futures, wti futures falling sharply, down about 2% last week. three weeks in a row, lower prices. still at the lower end of the $88 to $92 range we've been stuck in

carl icahn at work again. >> nearly a 9.5% stake as of last august in oshkosh.orning, tripping up the single stock circuit breaker. icahn earning 32.50 a share cash as a tender offer. saying that tender offer will not be subject to due diligence or financing. but will be subjected to the election of his nominees to the oshkosh board at the upcoming annual meeting. last year he tried to get a slate of nominees on during that meeting. what he says is that it's clear to him that management has taken a passive attitude toward the future of this company. and willing to sit back and watch what happens. housing and construction industries hoping for a positive outcome and reduced competition. asking shareholders to wait up to four years to see what happens. he thinks things need to be much more proactive. those shares zooming here just slightly below that tender offer of $32.50 a share. >> that's one to keep our eye on this afternoon. thanks so much, bertha. >>> another capital markets op-ed. gary, on a week where david rubenstein is on the cover of forbe's, you're goi

right now, they've been flying and just the recent 10, 15, 20 minutes news hit carl icon taken a 9.9% stake in the company. icahn has been buying the shares since early september and he's identified netflix because he believes it's undervalued in its dominant position and international growth prospects and it may hold significant strategic value for significantly larger companies engaging in more direct competition with one another due to the evolution of the internet and mobile. he says he's considering ways the company could maximize shareholder value, reached no conclusions on this and he also says he may in the future seek to have conversations with the company. maria, back to you. >> thank you so much. i'm standing outside the new york stock exchange right now and it feels like aside from a lot of cars sort of stacked up here, business as usual. right down the block, though, the water is being siphoned from the subway onto the street. i sent some pictures in and we'll show you those pictures later, i took the pictures of the water coming out of the subway and onto the street. outside of the exchange it's cl