speaking of austerity measures, eu finance ministers are worried about ireland. >> finance ministers have been holding talks in brussels about growing talk that ireland will need a bailout from its neighbors. dublin has resisted the pressure to tap the rescue measure wind greece was in the spotlight. they will examine what kind of help could be offered. many analysts say that a bailout is just days away. >> the irish finance minister joined his colleagues after consultations with dublin. it seems clear that if ireland needs aide, it would only be given with the conditions of the eu fund. that is not popular in ireland. >> to determine the best way to address market risks. >> he has indicated that if ireland does ask for the aide, it could provide a portion of it. >> ireland is our closest neighbor. it is in britain's national interest that ireland is stable. >> smaller eu members say that there would have to be guarantees, otherwise there is no way to prevent the crisis from spreading. >> i think all of the governments are well aware of this danger. everybody is aware of their respon

eu. finance ministers from the 16-nation euro zone will meet in brussels on tuesday to discuss how to combat credit uncertainty. >>> u.s. retail sales in october rose to better than expected, 1.2% from the previous month. that marks the fourth consecutive month of growth. the department of commerce said on monday that retailers post just over $373 billion in sales last month. the expansion of 1.2% was the fastest pace of growth in seven months. it beat market forecasts. >>> the strong result comes as sales for cars and auto parts increase 5%. those were for construction materials grew. amid a consistently high unemployment rate consist latest figure eased concern over sluggish consumer spending. attention is now you on whether the trend will continue into the year-end holiday season which accounts to up to 40% of revenue. >>> japan airlines will dismiss pilots and flight attendants. they reached the decision because the number of employees retiring voluntarily fell short of its target of 1,500. they felt that was essential to down-sizing its business. they offered voluntary retirement packag

eu finance ministers are due to meet in brussels on tuesday. state of ireland's economy and the possibility of a rescue package for dublin is likely to be on the agenda at those talks. >> will ireland become the next grease? that is the question of the hour now. it appears that gris''s budget problems are not as easy to tame as earlier thought. the greek finance minister said on monday that last year's budget -- deficit was nearly 15.5% of gdp, some 2% higher than previously thought. monday, this sunday demonstrations in athens by the unions and left-leaning groups, protesting against the greek government's austerity measures. they accuse the eu and the international monetary fund of imposing conditions that are far too strict to secure risky loans. the debt crisis in the eurozone weighed on european stock exchanges this monday. but investors chose instead to focus on much stronger than expected eurozone exports. our dw-tv correspondent has more from the frankfurt stock exchange. >> the german market had a weak start into the new trading week b

speaking of austerity measures, eu finance ministers are worried about ireland. >> finance ministers have been holding talks in brussels about growing talk that ireland will need a bailout from its neighbors. dublin has resisted the pressure to tap the rescue measure wind greece was in the spotlight. they will examine what kind of help could be offered. many analysts say that a bailout is just days away. >> the irish finance minister joined his colleagues after consultations with dublin. it seems clear that if ireland needs aide, it would only be given with the conditions of the eu fund. that is not popular in ireland. >> to determine the best way to address market risks. >> he has indicated that if ireland does ask for the aide, it could provide a portion of it. >> ireland is our closest neighbor. it is in britain's national interest that ireland is stable. >> smaller eu members say that there would have to be guarantees, otherwise there is no way to prevent the crisis from spreading. >> i think all of the governments are well aware of this danger. everybody is aware of their respon

assistance from the european union to bolster its banking sector after meeting with the eu and imf, the irish finance minister said he would welcome funds to stand behind his countries banks, but he continued to insist then dublin might not have any emergency aid at all. ireland has been hesitant about accepting assistance, fearing brussels could attach strings to the aid such as an assistant on higher corporate taxes. of eu members have complained about ireland's low taxes. let's look at market numbers. the dax index closed up at 6832. 2855, the number there. the dow jones is trading at 11,192. the euro is posting gains at $1.3631. a german pharmaceutical giant is planning to cut jobs by 2012 as part of a cost-cutting program. the layoffs are to include 1700 positions in germany. they intend to agree -- tio o create 2, 500 jobs. >> six countries, including china, russia, and iraq, said it will not be attending the nobel peace prize awards next month in honor of china's liu xiaobo. the nobel committee says the diplomatic pressure is unprecedented and fears it may not even be able to hand out the awar

finance ministers from 27 eu member nations decided to help ireland after wednesday's meeting in brussels. the ministers also agreed to send officials from the eu, the international monetary fund, and the european central bank to ireland to assess the situation. the eu is trying to prevent the credit worries from spreading to portugal. the country's bonds have taken a hit in recent days. eu officials say the irish government will ultimately decide whether to accept financial aid from the union. >>> u.s. housing starts notched a double-digit fall in october, casting a shadow over the nation's economic recovery. on wednesday the department of commerce said new home construction fell 11.7% on annualized terms from september to 519,000 units. far below the market forecast of 600,000. the decline comes as existing homes on the market are pushing down demand for brand new units. the temporary hold on home foreclosures also raising doubts of the future housing demands. it comes after it was revealed that some major mortgage lenders mishandled some foreclosures. >>> china's largest air show opene

assistance from the european union to bolster its banking sector after meeting with the eu and imf, the irish finance minister said he would welcome funds to stand behind his countries banks, but he continued to insist then dublin might not have any emergency aid at all. ireland has been hesitant about accepting assistance, fearing brussels could attach strings to the aid such as an assistant on higher corporate taxes. of eu members have complained about ireland's low taxes. let's look at market numbers. the dax index closed up at 6832. 2855, the number there. the dow jones is trading at 11,192. the euro is posting gains at $1.3631. a german pharmaceutical giant is planning to cut jobs by 2012 as part of a cost-cutting program. the layoffs are to include 1700 positions in germany. they intend to agree -- tio o create 2, 500 jobs. >> six countries, including china, russia, and iraq, said it will not be attending the nobel peace prize awards next month in honor of china's liu xiaobo. the nobel committee says the diplomatic pressure is unprecedented and fears it may not even be able to hand out the awar

the eu issued a firm denial the plans are under way to double the size of the rescue fund. for more on this, we spoke with a professor of the bavarian finance center. we are talking about boosting the rescue facility and the eu having to deny plans to double it. i asked him if he thinks the euro is striving for its life. >> i think it will survive for many hundred years. there are problems with currencies, but tehe united states has more problems than the eurozone, especially germany. countries like greece, ireland, portugal, are dominating countries. i am quite sure that we have to learn from the financial crisis that some countries have to do their homework. i am quite optimistic that it will happen and then there will be no danger for the euro. >> angela merkel said that private investors should share the burden of rescuing struggling economies. do you see that as her trying to score political points, or is it realistic policy? >> it has to be realistic policy, otherwise we give wrong signals to the economy, and especially in the insurance companies, and the banks. the banks have to learn that they cannot get a free lunch in interest rat

in 2013, the eu financial ability measures are due to expire. the german finance minister is pushing for follow-up measures. >> the aim of this mechanism is to reduce to the maximum payable amount the burden of debt of members threatened by a bankruptcy. that is an order to avoid possible repercussions. for that, we need the involvement of financial investors. >> possible repercussions are something the bankers at the frankfurt opera house are not keen to dwell on at the moment. others are also critical of the debate's direction. >> we share the position that in the current environment, a position that gives to the market the idea that some imminent debt restructuring will become productive. >> what is clear is that binding resolutions are needed to deal with growing debt in europe. >> in the end, it is what is decided by the eurozone. this is the only way for m to avoid catastrophe. >> a new bailout mechanism is needed for 2013. >> in frankfurt, the greek finance minister received applause for his country's austerity efforts. he plans to cut government wages and

international delegation crunched numbers to decide the finance ministry of farmers, some protesters made their message clear outside. >> the eu commission and european central banks are not friends of the irish people. they are here to implement certain measures of the financial markets. >> leaders have conceded that they need help. there are expected to offer a rescue passage -- package worth $110 billion. ireland may have to raise a corporation tax which is not attractive to foreign investors. for investors, that would be unthinkable. >> we are trying to make our economy grow. we may destroy one of the great drivers of growth. we have to grow out of a recession. >> some in germany, they feel the low corporate tax rate in ireland gives them an unfair advantage. fake irish do not want to surrender this sovereignty. any agreement is unlikely to make much difference. >> that money going into the banking system will not be available to some to support the economy. just as in greece, the situation is probably going to get considerably worse. >> without the stability of a the banks, it has made and falling money difficult. it come

eu economic monetary affairs commissioner ren urged each member country to keep a tight grip on their public finances. >> in our view, the only way out of this is to restore confidence by intensified fiscal in the countries. >> mazda will only a factory in mexico, a bid to boost sales in fast-growing latin american markets. sources say mazda will team up with sumihotto. they originally planned to assemble 100,000 cars a year. the company chose the site to take advantage of a trade pack between japan and mexico. the company has close ties with other latin american economies. mazda's expansion into south american markets highlights a new strategy. this comes after ford motor cut its stay. >>> itochu has begun to buy genetically altered soy beans. the first batch of the soy beans arrived on mondays. the manufacturing company commissioneded farmers in argentina it to grow the soy beans. the companies aim to import several thousand tons a year to produce traditional soy foods such as miso and fermented soy beans. more than 90% of u.s. soy bean farm land is producing genetically modified beans. the preside

eu an dimf are pressing arlen to accept help. >> demonstrators gathered outside the dublin department of finance as ireland's grip on its own financial affairs started to slip. before today, ireland had been saying it did not need emergency european aid, but this morning came the first sign that the irish government would accept help. >> it would be a large loan because the purpose of the amount to be advanced or to be made available to be borrowed is to show that ireland has sufficient firepower to deal with any concerns of the market. that is the purpose of it, so we are talking about a substantial loan, for sure. >> talks all day in dublin, involving officials from the european central bank, the european commission, and the international monetary fund. >> we're looking at what the best options are, both for ireland and for the euro area generally, and we want to be open and constructive with that engagement. i think the government at the end of the day will make decisions based on the outcome of discussions which are ongoing today and over the next few days. >> ireland's closest neighbor is the u.k., and the government is ready to

eu and imf will monitor the austerity program. financial experts are optimistic. >> in light of what arlette has done to fix the public finances and the banking system, we are beginning to see the benefits. it is a young population. ireland can grow. >> what happens if the young and educated are the strongest irish export? we asked students how many see their future and outside ireland. the student union predicts many will leave. >> i would love to come back and i want to live here. i have to wait and see. if i can get a job in new zealand, i will come home. >> most do not see signs the situation will improve soon. >> that is our "in depth". thanks for joining us.

in 2013, the eu financial stability measures are due to expire. the german finance minister is pushing for follow-up measures. >> the aim of this mechanism is to reduce to the maximum payable amount the burden of debt of members threatened by a bankruptcy. that is an order to avoid possible repercussions. for that, we need the involvement of financial investors. >> possible repercussions are something the bankers at the frankfurt opera house are not keen to dwell on at the moment. others are also critical of the debate's direction. >> we share the position that in the current environment, a position that gives to the market the idea that some imminent debt restructuring will become productive. >> what is clear is that binding resolutions are needed to deal with growing debt in europe. >> in the end, it is what is decided by the eurozone. this is the only way for me to avoid catastrophe. >> a new bailout mechanism is needed for 2013. >> in frankfurt, the greek finance minister received applause for his country's austerity efforts. he plans to cut government wages and

today's meeting of european finance ministers ending with no agreement for a financial lifeline. irish and euals are working to stabilize the banks to keep the crisis from spreading to other fragile economies connected by the euro. >>> and some good news for american workers. companies' fringe benefits like work-day massages and free dry cleaning are making a post-recession comeback. more companies plan to bring back the perks to keep up employee morale and retain top talent. we need that here at cnbc. that's it from cnbc. back to you. >> we don't have that here either. >> what can you do? >> one day. we can hope. thank you. >>> after nine long years, prince william finally asked kate middleton to marry him and now the focus shifts to the woman who will join the royal family. did you know it turns out she's a commoner? she does not have any royal blood and despite the fact that her parents are millionaires they're still considered commoners in great britain. middleton, who had aggressively pursued prince william earlier was later overhead saying that he was lucky to be dating her. so it turns

eu is ready to offer financial support to the irish republic. there are fears the government in dublin may be unable to repay its huge debts. the irish finance minister insists his government can put the economy on a stable basis. one of italy's best known film producers has died. dino de laurentiis produced more than 500 films, from new way to hollywood blockbusters. he won an oscar in 1956 for lini's "la-- fel strada." a powerful explosion has destroyed a police compound in karachi. it was the base for officers investigating militant attacks. at least 20 people are dead, many injured. we report from islamabad. >> this is all that remains from the building, currently one of pakistan's premier anti-terror units. a truck bomb ripped through these premises, leaving ruins in the aftermath. armed militants tried to storm the building. [sirens] >> i was getting the building cleaned. we had just finished the work, and i was paying him. gunfire went on for three or four minutes. then an explosion rocked the area. we ran into our homes. >> rescue workers and security personnel were quick to reach the scene. the injured were scattered to waiting ambu

eu and imf will monitor the austerity program. financial experts are optimistic. >> in light of what arlette has done to fix the public finances and the banking system, we are beginning to see the benefits. it is a young population. ireland can grow. >> what happens if the young and educated are the strongest irish export? we asked students how many see their future and outside ireland. the student union predicts many will leave. >> i would love to come back and i want to live here. i have to wait and see. if i can get a job in new zealand, i will come home. >> most do not see signs the situation will improve soon. >> that is our "in depth". thanks for joining us. >>this week on world business... >>it stages staggeringly expensive olympic games and is an economic powerhouse, so why does china still receive millions in foreign aid? >>i'm not saying this is a taboo question but it's a question that for the time being our leadership, let's say, has decided not to take an aggressive stand. >>reopening the river, egypt is pushing to get more freight shipped on the nile. >>the flow of cargos up and down the nile could be increased massi

finance ministers is over. there are concerns ireland can't rescue its own banks. irish banks ran into trouble when the country's real estate boom collapsed. but irish and eu officials promised to stabilize banks so it doesn't spread to other fragile economies. >>> national wildlife federation the best place to work for commuters, according to fairfax county department of transportation. they recognize companies that offer wide range of ways to get to work, including ridesharing, teleworking. >>> i can do the news from the couch in my living room. just set up a camera. >> we talked about this before, pajama day. what do you have for us? >> ready set shop. deals of the day in the lead into holiday shopping and deals for the game erin your life. >> thank you. >>> a meeting between the president and capitol hill leaders improving bipartisan ship on the back burner. >>> and an arms dealer appears in courtroom after two year extradition fight. >>> and coming up in sports, redskins have a big out if they don't want donovan mcnabb. we will be right back. >>> northern virginia, perryville to percyville, scattered through loud encounty. day planner, temperatures in

eu back to you. >> kimberly, thank you. >>> a bailout for a cash-strapped country could affect trading around the world today. european union and international monetary fd agreed to lend $140 million combined to ireland. ireland's finance manager said it calls for state-backed banks to trim eir operations, merge or be sold. oil prices in europe rose and most asian stock markets open higher. >>> >>> startingoday, teachers in loudon county are enjoying an extended thanksgiving break. all county schools are closed both today and tomorrow as a result of a furlough. the school board decided to use these as necessary furlough day after surveying staff. 30% prefer to have the days leading up to anksgiving hole day. it will help ease the budget crisis by saving $4.4 million. >>> the interim superintendent of the d.c. school system who took over for michelle rhee next month. now henderson is trying to fill those shoes after th many drastic changes. she recently sat down with jim vance to talk about her expectations. >> my high expectations come out of my experien. i came from a family that was very much like the students that we serve. my fe's chances were chamged because my mother had a good public education and i had a good p