commerzbank to the top of the stock 600.rman stock deutsche telekom is saying it is the chase hard for new u.s. business. >>> all right. we had a lot of earnings out this morning. whole bunch in fact. nestle having cut its growth target citing a weak operating environment in europe. the world's largest food group saw prices erode saying organic growth was somewhat muted. net profits for the first half missed expectations and the company now sees sales growth of around 5%. shares lower by almost 2.5% at the moment. henkel confirmed its outlook for the year after reporting results that were in line with estimates. the german consumer products group reported a rise in both sales and the adjusted operating profit for the second quarter. a lot of ketchup. earlier the ceo spoke to cnbc about its growth outlook and the story of growth itself. >> we grew 4% in the first quarter, quarter, three out of four were double digit. so china, india and brazil double digit. we saw russia being strong. so 45% of total business came from the em

shares in the german lender commerzbank rising during the trade despite reporting and 84% drop in second-quarter profits in comparison to 2012. better than expected in the vested -- and investors are pleased that they are making progress in dumping costly assets. meanwhile, warning they are in markets and conscious consumers particularly so in europe. with that backdrop, the biggest dude and drink company nestlÉ says it will be difficult to lead up to the growth target this year. they are behind the brands like 2% att and perrier down the close in europe. jpmorgan chase under pressure on wall street following the news that america's biggest banks facing tough scrutiny over its sale of mortgage-backed securities in the run-up to the financial crisis. it caused huge losses for investors and in a filing, jpmorgan says they are criminal and civil probes on suspicion and violated u.s. securities law. we finish with this. google is taking a bite out of apple in the smart phone market. according to a research firm, android phones accounted for 79% from 69% shipments up one year ago. apple's market shar

ted and wherever he operates has channeled millions of dollars of commerzbank ended trickles into the oval immunity's. in essence what he has done is turned them into it stakeholders for conservation. it is a concept that a lot of people talk about, but it is one that ted has put into practice. >> tell us of little bit about the entire families involvement? m.a., for the audience it is so impressive that each one of his five children and grandchildren, the activities, the involvement, the causes, tell us a little bit about how expensive their work is as well? >> i have tried to encourage them to educate their cells about the environment and helping out in philanthropy and get them interested as dancers and hopefully they will continue with it when they become adults. >> let's talk about the adults. us talk about what laura does. >> they all do philanthropic and environmental -- >> britney back -- >> let's make an environmental documentary. you have got all of the kids running the operations. ginnie during environmental funds. each one of the children is making a major contribution. >>

you have commerzbank. if i move myself, you can see commerzbank popping up by 11%. not worth all that much in euro terms. this german lender posting a 51 million euro loss, they missed quarterly expectations. again, a pop in the share price. doesn't take much given that it is worth below one european share on a share by share basis. looking at general european markets here this morning, you'll see we have a little belly button of red right there behind me. the rest of the european markets are trading in positive territory, just switzerland, that is that red belly button in the middle. you have the ftse 100 higher up by some 18 points, xetra dax, german market higher, ftse mib up by a bit and ibex 35 hanging on to gains from a mixed close that we saw yesterday. guys, back to you. >> all right, louisa, thank you. >>> in the meantime, we're watching a whole host of key numbers coming out of china this week. and questions surrounding the new leadership's major bank lending reforms and the next wave of bad loans that the country may face. joining us now from hong kong is

shares of commerzbank rallying for the second day in a row.t suisse raised its target price on the stock following yesterday's results. martin blessing vowed to stay on until he's completed his reform plan, calling it absurd to give up prematurely. restructuring aims to get a return of 10% in the next three years. >>> perspective bidders for the 300 branches of rbs have been given more time after the deadline was pushed back to next week. the royal bank must sell the branches as part of the government bailout deal. there are reported to be three bidders interested, which is estimated to be 1.5 billion pounds. over the last week, rbs shares are down by 3%. >>> the world's biggest tiremaker bridgestone has a record profit for the first half of this year. for mo >> bridgestone posted a $1.2 billion net profit for first half ending in june, up 56% on the year. strong overseas sales helped boost profits, in the u.s. market, thanks to upbeat car sales. bridgestone's planning on a series of big investments in the north american region to capitalize o

we certainly thank commerzbank smithkline for moving those through to the floor. kline for moving those through to the floor. they're not moving to the house -- the senate. a good piece of legislation to talk about in scoring off the issues rhetorically. long on the union agenda come sense of obligation the board fished out, to focus on organizing smaller units because they are easier to organize. and slanting a lot with that purpose -- slanting the law towards that purpose, that is what it is about although it doesn't say that on its face. tom harkin is retiring, so maybe there will be a shot after that. i love senator harkin and we have worked together on disability issues, but on labor issues he is a tough nut to crack. that get to things the house, a likely won't get through the senate. we hope they at least sent a boardcross the bow at the that they need to be somewhat careful in moving forward on these issues because congress is houses holdinge hearing -- the house is holding hearings on case law. >> all right, with that, thank you for coming. we went a litt