shares of i.b.m. were up in advance of these earnings as you can see but after the report the stock was down as much as 4%. chip maker texas instruments was the other tech reporting after the close. profits coming as expected. operating profits did set a record. gross margins also on the increase. positive news for shareholders. stock jumped 3% during the regular session. but after hours the stock gave up that and then some, falling by better than 6%. apple is the big tech firm tomorrow with earnings as questions continue swirling about its i-phone-4. for a moment today, apple stock fell below $240 per share. closing at $245 and change. that is the lowest price since mid may. research in motion, motorola and others arguing today that apple's claim that all smart phones have reception problem s is is wrong. apple's earnings tomorrow by the way will be the first full quarter to include i-pad sales. we'll have a report tomorrow evening. energy stocks got a boost with strong results from services company

i.b.m. has been reshaping itself into a technology services firm, but its computer mainframe operations are the focus of a formal investigation in europe. the european union is looking into claims i.b.m. abused its dominant position in the market for mainframe computers. the company is accused of tying sales of its hardware to its software for mainframe computers. i.b.m. says the investigation has no merit. >> tom: still ahead: stocks, bonds, commodities, mutual funds, e.t.f.'s, c.d.'s, real estate... what can happen to investors when there are too many choices. >> susie: in a sign of confidence for the global economy, fedex raised its earnings outlook for the current quarter, as well as the full year. that's $0.20 higher than previous forecast. it raised full year guidance. now the world's second largest package delivery company credits rising demand among other factors. erika miller looks at whether it's a sign the recovery is shifting to a higher gear. >> reporter: forget about jobless cl

sam mentioned what i.b.m. is doing. what we do know is that if you make fattening food be more expensive, people use less of it. there are a variety of ways. i don't want to spend too much time on them here because i wanted to deal with the things probably more immediately affecting you. but there are ways of dealing with that either at the level of taxes or at the level of the work place, kind of wlness programs that i think belong on peop's agendas. i keep in mind the words of the famous philosopher jerry garcia. superbowl has to do something, and it is just incredibleably incredibly pathetic that it has to be us. what do we have to do? i think what we have to do is unlock savings. we have to start with the easy money, which is the administrative expenses. and then we have to set up a learning, innovative dynamic system. the way i think about it, as a bottom line, our job over the next five, to 10 to 15 years is to set up a process where the health care system is completely reborn. and if the health care system looks

sam mentioned what i.b.m. is doing. what we do know is that if you make fattening food be more expensive, people use less of it. there are a variety of ways. i don't want to spend too much time on them here because i wanted to deal with the things probably more immediately affecting you. but there are ways of dealing with that either at the level of taxes or at the level of the work place, kind of wellness programs that i think belong on people's agendas. i keep in mind the words of the famous philosopher jerry garcia. superbowl has to do something, and it is just incredibleably incredibly pathetic that it has to be us. what do we have to do? i think what we have to do is unlock savings. we have to start with the easy money, which is the administrative expenses. and then we have to set up a learning, innovative dynamic system. the way i think about it, as a bottom line, our job over the next five, to 10 to 15 years is to set up a process where the health care system is completely reborn. and if the health care system lo

conference to promote the september eleventh bout of atkins name was taken off the card according to the i.b.m. he had failed to return a signed contract in time the federation quickly moved to disqualify thirty year old in his camp say had been struggling with a sinus infection to proposed five between the pair had previously been cancelled within the previous eighteen months ukrainian will now take on former w.b.c. belt hilda samuel peter in frankfurt on the same date. now some of the world's best upcoming mixed martial arts fight as descended on moscow this week the and one eastern and western europe selection finals giving the sluggers the chance to impress in front of the greatest of them all richard explains now. who find his competing provided been the perfect chance to try and further been mixed martial arts careers the tree here would be enough to build them a place to be over a grand final and the chance to perhaps one day emulate this man killed in. one of the greatest mixed martial arts pointers of all time one man who's already earned his place in the finals as more big time so mo

i.b.m. is first up on monday. last to come will be mcdonald's and verizon on friday. what sets these apart is that these are among the best performing dow stocks since the sell off began in april. citi is no longer in the dow, but it remains a very heavily traded stock. earnings dropped a chunk from last year but still beat estimates. similar to others, the quarter was marked by weak trading and loan demand. the stock had run up to a two month high earlier this week. today, it dropped 6%. losers outnumbered winners about five to one. one winner was schwab. the leading s&p 500 gainer. shares rallied despite flat earnings, but it is waiving fewer fees. this is a one month high. a quartet of new stocks hit the markets this week. most of them in technology. oxford resource is odd one out. it's a coal miner. oxford went public wednesday, at $18.50. software firm qlik priced today at $10. reald makes movie theater 3d gear. it rallied from its i.p.o. price today of $16. and smart technologies, it makes interactive whiteboards and started at $17 yesterday. and that's tonight'

they're going to let this eco holocaust just go by but then again in america back in the thirty's was an i.b.m. coca-cola and j.p. morgan they were complicit in the last major holocaust of the last century so the us has a bit of a track record here i wouldn't sell short the possibility of exxon mobil going after b.p. . time now for the nation's business sees we have a million many can say with us. however welcome to our program thanks for joining me this hour the russian government will spend five i have billion dollars on the skolkovo innovation center which is intended to become russia's version of silicon valley during the meeting with chinese america when you go to board president medvedev said he hoped the modernization process would be quick counting all support from german partners the countries have always agreed the german engineering giant siemens would join skolkovo and create a new research center there it would have said he was encouraged by the strengthening of trade relations just spike the difficult economic conditions. in january to may two thousand and ten to return a bit bet

tracking games in the states overnight and that's despite disappointing results from goldman sachs and i.b.m. that reported after wall street's closing bell on monday. but the russian markets are moving gently ahead of the day in moscow the r.t.s. is a house percent with the roll call being the only blue chip loser my sex is flat. russia's biggest gold producer paul has plans to pay dividends half rubles share for the first half of the year that's twenty seven cents the figure is slightly lower than expected and that's about half of what the company. paid last year it's of one of the rector's recommendation is approved the company would have to spend a little more than fifteen million dollars on dividend payments this year. russia's top more bile operator m.t.s. the phone retailer euro sets have signed a deal that will revive their cooperation certain russian regions their relationships our after m.t.s. rival the middle column bought the euro said change to years ago both companies took each other to court your set presidents on amala says he's pleased the company is a move to start working

to let this eco holocaust just go by the by but then again in america back in the thirty's was an i.b.m. coca-cola and j.p. morgan they were complicit in the last major holocaust of the last century so the us has a bit of a track record here i wouldn't sell short the possibility of exxon mobil going after b.p. . let's edition of the cars report coming up here and i was time but the present job creating is a business for you after a very quick break. for the full story we've gone to. the biggest issues get the human voice face to face with the news makers. which brightened. from stupid question. don't come. out on welcome to business on crean about can good to have you with us engineering giant siemens has put flesh on the bones of russia's modernization drive a huge deal to provide the country with state of the art technology trains and when turbines president dmitry medvedev and chancellor angela merkel noted and yet they didn't vote that business was booming between the two countries dana bash reports. siemens fixes its position as one of the top foreign investors in russia it will bu

tracking gains in the states overnight and that's despite disappointing results from goldman sachs and i.b.m. that reported after wall street's closing bell on monday. the boston markets are moving gently ahead in our new trading in moscow the r.t.s. dissolve around a half a percent the my six is gaining just a notch oil majors such as loop oil and wrong staffs are among the leaders after a small jump and voices. russia's biggest gold producer pulis plans to pay a dividend of eight house roubles per share for the first half of the year that's an equivalent of about twenty seven cents per share the figure is slightly lower than expected and it's about half of what the company paid last year if the board of directors recommendation is approved the company will spend a little more than fifty million dollars on dividend payments. russia's top mobile operator m.t.s. and a full retail euro set signed a deal that will revive their cooperation in certain russian regions their relationship soured after a rival the bull call bought the euro setting two years ago both companies under up taking each oth

>> reporter: after reporting a spike in profits today, i.b.m. now has $12 billion in cash. but the tech giant has cut more than 12,000 jobs in the past year and a half. corporate profits are surging. together, the top ten u.s. tech companies are sitting on nearly $250 billion in cash. that's enough to pay more than six million workers $40,000 a year. but corporate america still isn't hiring while profits are now nearly 6% higher than before the recession. the number of jobs is nearly 6% lower. what is it going to take to get companies to start hiring? >> it's going to take a more steady financial picture. the financial markets have to calm down. >> reporter: economist elen zentner says consumer spending is still weak and businesses are worried about higher taxes and the strength of the recovery. >> the picture is getting cloudier and corporate america knows that and so they're going to hold off on making capital investments in hiring until they're more sure of what the financial future is going to bring. >> reporter: they don't want to put themselves back in a position wher

weak wall street opening in a few hours time so off the disappointing results from goldman sachs and i.b.m. on monday. mosco has also fallen into negative ground in the last few wells oil majors is the only blue chip on the moist six as the price of lloyd sweet goes above seventy six dollars a barrel. and russia's largest gold producer paul use plans to pay a dividend of eight point five roubles pushchair for the first half of the year that's around twenty seven cents the figure is slightly lower than expected it's about hole for the company paid last year if the board of directors recommendation is approved the company will spend just over fifty million dollars on dividends this year. looking to take out an eight hundred million dollar loan amid talks of holding an initial public offering join me in fifteen minutes before. every month we give you the future we help you understand how we'll get there and what tomorrow brings the best in science and technology from across russia and around the world. join us for technology update on our g. p. i am. this is the couple for kicks off in dallas

wall street opening in a few hours and that's after a disappointing results from goldman sachs and i.b.m. that reported after wall street's closing bell on monday the fancies shedding less than a quarter percent germany's dax is down about a half. and the russian markets are also moving slowly and to read in the afternoon trading in moscow the r.t.s. is down almost half a percent of my sex is also losing the house for some while majors such as look after among the leaders after a small jump in crude prices. russia's biggest gold producer poorness plans to pay a dividend of rubles per share for the first off the year that's an equivalent of about twenty seven sounds the figure slightly lower than expected and it's about half of what the company paid last year if the board of directors or. invasion is approved the company would have to spend a little more than fifty million dollars on dividend payments this year. for shows top more while operator m.t.s. to add a full retail or euro set have signed a deal that will revive their cooperation in certain russian regions but alicia's have soured

to let this eco holocaust just go by the by but then again in america back in the thirty's was an i.b.m. coca-cola and j.p. morgan they were complicit in the last major holocaust of the last century so the us has a bit of a track record here i would sell short the possibility of exxon mobil going after b.p. let's get the rest of the news going to stacy herbert max well actually the war is on between china and the u.s. according to this next headline china ratings agency downgrades u.s. debt from moody's s. and p's and fitch is aaa rating so if you would call it the june twentieth the g. twenty summit in toronto president hu jintao of china called for the creation of more accurate credit rating systems well it turns out de gong international credit rating agency which has been around in china since one thousand nine hundred four rating corporate debt but now for the first time they have actually issued sovereign debt credit ratings and they've downgraded the u.s. to below china below us strelley a below switzerland so america won't do anything to break up the cartel to break up the racke

i.b.m., both members say, we should be more like -- i.b.m. has 115,000 employees every day teleworking. you want the government to be like the private sector allow the federal employees to do the same. it saves them roughly $450 million a year. there's nothing magic about strapping yourself into a metal box and driving 25 and 35 miles a day to a place that's sitting before a laptop when you can do it at home. simon an garfunkle in the song called "the boxer" says man hears what he wants to hear and disregards the rest. this congress on both sides many times only hears what it wants to hear and more often than not disregards the rest. let me tell you, 9/11, if you were here on 9/11, nothing worked. we had more telework, we could have had a continuity of government. the government shut down. it shut down. would you rather have somebody not working at home and getting paid or working? the earthquake in california, the so-called world series earthquake, you remember that? norm mineta was secretary of education. that's when telework took off. beca

. >> and we -- i heard first from drew faust -- i've traced it now back to earliest stages in i.b.m.a great metaphor. she said, "we have to pay more attention," speaking of universities, "at developing t-shaped pple. what did she mean? i would put it this way. we're more and more demanding i-shaped people, people deep in a very narrow area. what we've got to do is have that depth but we've got to have the breadth, and what's happening is a very aggressive utilitarian argument to justify every investment, for example, in higher education or either it will come through k-through-12 education and it's about what job ll be created tomorwr to got -- go to thexamp you just used what's going to be the particular outcome of this research in which we are now investing money? the big ideas have come out of pure research. what people didn't know as they entered what was going to come out of it. and those are the huge changes -- the great theolodge -- theologian and dean of yale wrote to celebrate the university, "a reexamination," he wrote this, i've never forgotten this, he said, "i stilhave t

i.b.m. is testing a computer system called watson that could do what was once thought to be impossible: beat humans at jeopardy. >> watson. who is.... >> that is correct. >> reporter: as for the humans who will be designing that next generation of intelligent robot. >> look at this awesome robot. >> reporter: you her it here. >> these engineers are the future of technology too. >> reporter: first. >> brainiac. >> osgood: ahead, when martin met lewis. out of you. that can take so muh i feel like i have to wind myself up just to get out of bed. then...well, i have to keep winding myself up to deal with the sadness, the loss of interest, the trouble concentrating, the lack of energy. [ male announcer ] if depression is taking so much out of you, ask your doctor about pristiq®. pristiq is a prescription medicine proven to treat depression. pristiq is thought to work by affecting the levels of two chemicals in the brain, serotonin and norepinephrine. tell your doctor right away if your depression

they saw even greater giant called i.b.m. they made up in their mind that computers ought not sit in a library or isolated corporation, but computers should be available to every individual in their home. as a consequence, within five years, i.b.m. found itself obsolete and out of date and rarely anybody in the room has one. we understand that the apple corporation made up in their minds that they must break the system. one week ago in less than 48 hours, 1 hoyt 4 million cell phones were sold, changing how it is that tell communication is done. why? because they remembered at their inception in a college dormitory and university of california in berkeley, that they hado change the system. prior to that moment, it was up to the distributors to tell the manufacturers what it is that they wanted on the phones. so verizon and nextel and sprint and at&t would tell what it is that they wanted from motorola and nokia. but apple made up about in their mind, you're not going to tell us what to produce. we're going to tell you what we

we're going to be joined bit chairman of the board of i.b.m.l will offer insights from his experience providing health insurance to hundreds of thousands of employees worldwide. then we'll have dr. david cutler, auto -- otto eckstein professor of applied economics in the kennedy school of government at harvard university will also join the session, adding his insights on cost containment and methods for achieving a higher-performing health care system. this afternoon we will meet in joint session to discuss childhood obesity and nutrition. thomas j. vilsack, our former colleague from wawarks will join us to talk to -- about childhood nutrition, especially as it relates to school meals. this will conclude with a demonstration by the white house chef. sam casss -- is going to be with us, highlighting the healthy, locally grown food. this is somebody -- something common to all of us, wanting to find ways to put good quality local food in front of our children. and the session on energy includes nicholas atkins, execute -- executive vice president

telework allows i.b.m. to reduce office space and save $56 million per year every year. it works in the private sector why don't we take that example of where the private sector is able to save some money and bring it to the government sector where we may be table save some money. if we could save tens of millions of dollars each year that is a good thing. we could take that money and put it toward deficit reduction. but the idea to come out here and to be against this bill because of unions and all this other stuff i think is ridiculous. this is a common sense measure that's going to save the american tax pay aerolot of money. i urge my colleagues, democratic and republican aalike to support this common sense measure and i reserve my time. the speaker pro tempore: the gentleman reserves. the gentlewoman from north carolina is recognized. ms. foxx: thank you, madam speaker. i would like to now yield four minutes to the distinguished republican whip the gentleman from virginia, mr. cantor. the speaker pro tempore: the gentleman is recognized for four minutes. mr. cantor:

they should have a clearer picture once companies like i.b.m. and microsoft release their quarterly results next week. >>> most stocks were up today but only slightly following a week of an expected economic forecast from the federal reserve. >> wall street has been on a solid upward streak but the feds report today appeared to be a reminder to investors that there's still a long road to economic recovery. most major markets only made single-digit gains. for more financial and consumer news, go to ktvu.com and click on the business tab. >>> matt garcia, the fairfield city councilman who was gunned down in a case of mistaken identity would have turned 24 years old today and his family marked the occasion by taking legal action. who they're suing in a moment. >>> the key vote today about the fate of the diabetes drug avantd ya. find out -- drug avandia. find out what happened next. >>> it was warmer today. temperatures on the increase. i'm have the details. >>> former vice president dick cheney revealed he underwent surgery last week to help him d