hitachi will take an equity interest of 51% and abb, 49%. and the joint venture to be launched next april. they plan to share their expertise to develop an efficient electrical power transmission system. and to supply related equipment. hitachi executives have set a target of raising sales from the electrical power transmission business to about 1.7 billion dollars by fiscal 2020. >>> total foreign direct investment in china is up marginally. but investment from japan continues to decline. that's despite indications that bilateral relations are improving. officials at china's commerce ministries say that investment by foreign firms from january to november rose just 0.7% year-on-year to about $106 billion. the modest gain is attributed to rising labor costs. in addition, the stronger yuan is making investment in china more expensive for foreign firms. investment from japan for january through november fell nearly 40% year-on-year. u.s. investment slipped about 22%. while the amount from the european union declined nearly 10%. officials of a

people pass through an automatic ticket gate, for example, hitachi officials say it's a industry first. they claim it can handle 70 people a minute. >> translator: it will become very important to ensure security at large-scale facilities such as shopping malls and sports venues. >> hitachi says the company aims to put the device on the market in two year's time. okay that is going to do it for biz tonight. let's get you a recap of the markets. >>> people in japan have a big decision to make before they get into the spirit of the year-end celebrations. they're voting at a general election this coming sunday. prime minister shinzo abe had his liberal democratic party return to power less than two years ago. but he's put his lock on the lower house on the line. he says he wants voters to weigh in on his economic policy known as abenomics. our special coverage, "japan decides," will look at the key issues ahead of election day. one of them is the consumption tax. people in japan saw the first hike in nearly two decades in april, when the tax went from 5% to 8% and put a damper on the econ

. >>> researchers at japanese electronics form hitachi developed technology more than a decade ago that identifies people by scanning the veins in their fingers. now, they've taken that a step further. people in the industry thought it was next to impossible for a machine to read finger veins while people were moving. but researchers have come up with a dice that does just that. when people pass through an automated ticket gate, for example. they say it's an industry first. they say it can handle 70 people a minute. >> translator: it will become very important to ensure security at large scale facilities such as shopping malls and sports venues. >> they say the company aims to put the device on the market in two years time. >>> i'll have more business headlines next hour. for now, i'll leave you with a check on markets. >>> every morning, investors turn our attention to asia, the tokyo market leads the way and markets around the world follow. >> from the decisions that should change the course of an economy. >> to the companies at the forefront of change. >> up to the minute market repo

reporting they have made, quote, significant progress with chinese regulators to allow to integrate with hitachi. o'reilly automotive up over 3%. benefitting from gas prices that continue to fall across the u.s.. also of course here keeping an eye on apple for you. it's up just under a half a percent. but it was down over 1.8% for the week. now to the down side. we're keeping an eye on tesla for you. the stock down near half a percent today. it was down 4% yesterday. and also chip makers all to the down side today. back to you. >>> breaking news in the bond market. three year notes up for auction. who else? santelli tracking the action. hi, rick. >> indeed three year note auction, 25 billion to be exact. just buttoned up the yield 1.066. right there right towards the one issue which was 1.07. so pricing right about where it should be. bid to cover, 3.30. ten auction average. but on this auction, a little late, $3.24. here is the strong point. 42.2 on indirect, best since august 20611, but a bit light on directs at 10.1. dealers take 47.7.11, but a bit directs at 10.1. dealers take 47.7. could ha