i.t. company. today she is preparing to set up a new business.he is helping to develop easy to use tablet computer applications for the elderly. but she rarely had opportunities to communicate with other business people. so toyota began going to a women only co-working space. because many women who are also raising children come to the space, they feel comfortable talking about their business ideas, even when they bring their kids along. toyota took the opportunity and bounced her ideas off others. toyota made friends with a marketing specialist, who showed interest in her plan and gave her advice. >> translator: we can communicate with many people over the net. but it is difficult to trust people i get to know online. once we meet face to face, though, i can really relate to them. it would be ideal if i can create good ties with them. >> reporter: co-working spaces are helping create links among people in different lines of work by sharing those places as well as their ideas, young japanese are getting ready to start up new businesses. >>> there

i.t. company and has been a pioneer of outsourcing using highly skilled indian staff on low wages working for western clients but with recession in the west the boots on the other foot infosys is now one of several top indian firms recruiting in the u.s. with over twelve million jobless many in america are willing to work for less pay the u.s. is also providing tax breaks to indian firms keen to woo those offering much needed jobs there is of course reported to be for sure because of the high i'm number armand in the u.s. to drain creates companies to record rates again is one of the reasons why we had according there there are incentives for companies to set up operations in the u.s. most states. businesses to come while infosys predicts a quarter of its staff will come from outside india in a decade another tech firm ages already has five thousand american workers and plans to hire ten thousand more in the next three years. they're going to be here who are people. who are brought in to do. the job. market far from. it out. with indian companies winning more work in the u.s. using locals

i.t. company announced a deal to buy a london-based tech company. >> high fructose corn syrup will not be getting a new nachlt they describe sugar as a dry crystalized food and high fructose corn syrup does not fit that definition. the sugar association has filed a lawsuit against them saying they're simply con men trying to change their name. >>> large sodas could soon be outlawed in new york city. the big apple is looking at imposing a 16-ounce soda sold at restaurants, sports arenas and movie theaters. mayor bloomberg said this is an effort to fight obesity. the ban would not apply to diet sodas or alcoholic beverages. and the thing about sodas, you get refills. if you get a small one, could you -- if you're a paying customer, do you -- >> i thank would be hard to pull off. i should be able to choose what size soda i want. it shouldn't be mandated or limited by the government some would argue. >>> no debate about the forecast. tom kierein, we're happy with what you have coming our way. >> and i love that predawn glow behind you. we have the sun coming up at 5 klan 45 this morning. righ

it could weigh on the tech sector as the company warns customers are being cautious with i.t.pending and taking longer to close deals. closing off the session lows, one floor trading it calling the rumor monger olympics. about whether spain needs a bailout, and rumors about greece and whether it'll be denied the next round of bailout money. it turns out that greece will need the money. we're going to get data in the u.s. about unemployment, trade deficit, and import prices, we saw the dow fall to 12,835, the nasdaq lost 11 points to 2,984. fannie mae reported the biggest profit since the mortgage giant was bailed out in 2008. those reflect a drop in bad loans on fannie's book and they've paid back to the treasury. they won't need any more taxpayer money. it's drawn $117 billion in aid since 2008. >>> and the u.s. postal service is backing off a plan to close thousands of smaller post offices this year. instead proposed to keep them open, but with shorter hours. another option would be to close a post office in one area but keep another one nearby open full-time or communities

the company's value would be up to $96 billion, making it the largest ever ipo by an i.t. firm. several u.s. media reported the ipo is scheduled for may 18th. >>> nissan motor and its french partner reno are planning to jointly invest about $750 million to acquire a controlling stake in russia's largest carmaker avtovaz. the nissan renault alliance will set up a joint venture to purchase 74.5% of avtovaz's stocks. it is schedule for completion later. carlos ghosn said it will help modernize the leader of russia's auto industry. four years ago, renault acquired 25% of avtovaz's shares. renault has been negotiating a larger stake in the firm as part of its strategy to boost its market share in the emerging economy. russian automakers have not kept pace with the growing market and have been slow in developing new models. analysts say the russian government is hoping to revitalize its car industry through foreign tie-ups. >>> with the rapidly aging population, japanese companies are looking for new markets for their products. one company is looking to sell its products to muslims ov

hire 100,000 veterans and doing with 44 other companies and we have recruiting, we go to the bases and recruit and list officers at all levels. these are for i.t. jobs and branch manager jobs, et cetera. we have 25 people doing it. we do training, asimulation, retention, everything to do to help. we've hired 4,000 veterans and the people at jp morgan and clients are so proud for doing it, it makes us feel fabulous about the company and it's the least we can do. if you want to get help, this mission, go to the web and get it or call my office, there are things you can do to make it more effective than other things. >> let me ask you a few quick ones. if europe has a cold are we going to get the flu in the american economy? >> i don't think so. i think if europe has a cold, a mild recession, it's not going to sink the american economy. we are -- there's a direct and indirect effect. we sell 3% of our gdp to europe. that in and of itself wouldn't do it. if they have a much worse, it will affect america. a strong america can help europe do well. i'm hoping america keeps strengthening. if europe gets far worse and we have geopolitical things out th

the company issues a grim outlook saying customers are being cautious on i.t.aking a 45% stake in the country's fourth biggest lender ahead of a sector overhaul tomorrow. >> and weak trade figures call china's growth recovery into question. hints at waning domestic demand. let's see how we're setting up for trade. when i first came in, it looked reek the dow would open higher by 30, now looking lower by 35. the nasdaq looking lower by 9 and s&p about 1-. we'll talk about some of the trading patterns that we've seen, but for now let's see how we're doing in europe. >> session lows. ftse 100 down half a%. now wondering besides the bailout of bcht ankbankia will will limit to house builders tomorrow. so more requirements coming. and the question where that money comes from. >> here there have been some interesting patterns. initial selloff on the back of european related fears that usually comes in the early morning followed by a mid-morning rally. joining us to talk strategy is the president and ceo of asset management and judd gregg is still with us. kevin, let'

i.t. and a few other infrastructure sector companies where they have assets in place, and they don't needay-to-day government approvals the growth rates are very, very high because the demographics and all will city play out. clearly the story has been weakened a little bit by lack of governance and leadership. >> samir, i wonder if i can take you up on that. we're pretty optimistic and we think it's got fantastic potential, but we have been very disappointed near term at the failure of the government which had such a terrific mandate a couple of years ago. the failure of the government to move on and make the structural reforms that are needed for india to grow most effectively, particularly in the consumer sector. last year for example, we saw some stories to the effect that the food distribution sector may be revamped. that was stopped by the government. any thoughts about that? >> but clearly the government is disappointed. there's no question on the day to day, sort of came back to the power. the market was up 20%. actually since then the market is down from day to day. today the rea

futures are higher at this hour and cisco is the one to watch after the company warned that customers are being cautious with i.t. spending and taking longer to close deals. and like you mentioned, they mentioned europe as a specific area for that. meantime, we saw stocks falling again yesterday, closing off session lows. one trader calling it the rumor monger olympics yesterday. rumors flying about whether spain may need a bailout. also rumors on greece where it may be denied the next round of bailout money. but it ended up turning out that greece will get its money and spain is only taking over one bank at this point. here in the u.s. today, data on unemployment and trade deficit as well as import prices. we saw the dow fall 97 points to 12,835 yesterday. the nasdaq lost 11 points to 2,934. mother's day spending expecting to bloom this year. the national retail federation saying consumers are expected to spend $18.6 billion on gifts for mom. an average of $152 a person up from 140 last year. about two-thirds of us will buy flowers while some will treat mom to new clothes. and consumers will shell out $1.8 bill

i.t. consolidation and cuts the number of applications the company use business thousands. initiative. meg is taking an approach that's more external with the sales force. as a partner or customer of hp, you deal with different people to buy a server, a software, buy pcs. they need to bundle those together. >> is there anything on the product side that makes you excited about hp? >> not on the consumer facing side. it's going to be hart to differentiate. you got go into service storage networking before you see things that are interesting and hp does well on the compute side, on the server side. she's going to take some of of these cost savings and invest in innovation. it going to take time to show results. >> you take the money from one side, you give it over to the r-and-d side and you pray. what's your expectation? >> it's going to take a couple years to see any major inflexion point. morale at hp right now is probably not very good. it's going to be a dog fight for really talented engineers for the company. it going to take time for her to turn this around. >> real qui

i.t. resources. and there's a question right now to some extent can the company walk and chew gum. investors are worried, but they're ultimately going to have to spend more money, hire more people and dlutive to margins. >> is there anyone else in this space doing it better you would rather go for? >> this is the only pure play on the restaurant side. you do have companies like yelp who offer reviews of businesses and local restaurants are there. that's a stock also very expensive. really, if investors are looking to play the restaurant space publicly, this is it. you know, you just have to be a long-term investor to participate in this because really this is about a 2013 story, not really a 2012 story anymore. >> got to be patient. i see you have a price tag at $46, which is a reduction down from $54. jason, thank you very much for your time today. >> sure. >> bob pisani, you're down on the floor. what's on your radar right now? >> well, important thing is when you get german manufacturing numbers that are weak and the adp numbers, you get concerns about slowing global growth. tha

a company in manassas that makes drones said the aircraft are lightweight, rechargeable, and cost effective. >> it's exactly doing to aviation what the personal computers did to -- to i.ted to be the prominence of big mainframe groups. and now everybody has several computers, same thing will be happening in aviation. >> a drone called skate costs about $2,000. dr. langford says he sees police using it in dangerous situations such as high-speed pursuits and hostage incidents. i'm intrigued. >> you are? >> i'd be interested in seeing more if they try it here. >> all right. let's check the forecast. meteorologist tom kierein telling bus rain already. -- telling us about rain already. >> reporter: the streets and sidewalks getting wet. in washington, sprinkles maybe coming down on the mall. that's a live view from the h.d. city camera. 61 and cloudy at reagan national. a light breeze. very gentle this morning. and we have that area of rain moving in from the west. if you're traveling, about to head to the airports early this morning, there might be flight delays, st. louis to little rock, a cluster of thunderstorms there. later today, no flight delays, just minor delays fr

sorry, anyway, "inc" magazine ranked them as the top company to work for in 2011. >> data specialists and i.teting. let's talk about verizon. we know how big verizon is. they have 1,200 openings you've discussed. >> they're the largest mobile network operator in the country. they have 1,200 openings right now and they've already hired 2,000 people but there are new jobs coming. medical, dental and vision, right when you're hired there, you get those benefits the first day you work there and i want to say it's multicultural women by "working mother" magazine very good for that demographic. ranked number one in that category. working moms an idea here. >> go to fsjobhunt and find out about the other two companies. good luck today at noon. >> thank you very much. >> there are your five jobs. thanks so much. you've seen him on the sidelines leading the steelers to a super bowl win, over 15 years there. this morning, the coach is not only talking football but sharing a different sign you have not seen and a warning about what killed his wife so is it doesn't happen to you. first on this day in his

companies are doing great. we dominate the world. and we are more productive than ever before. and we lead the world in the i.t. revolution.s created a more productive work force, which means less jobs for millions and millions of working class americans. >> right. you can go company after company. >> that's a great challenge. >> you can go company after company that have become more profitable in the last two or three years. you can see through their reports that the economy is coming on a slow uptick. and yet that has resulted in massive layoffs in company after company after company. and you have pieces as appear in "newsweek" by people who think big thoughts and can point out that, yes, the united states is stronger and more efficient than it ever has been before, but that does very little to address what i think is a huge issue out there in the country, and it's the anxiety level among ordinary people about their immediate future. not what the dow is going to look like, you know, two years from now. their immediate future. this week. >> and, wes, this is -- again, politicians don't talk about this. so americans don't

there's a company in manassas that makes drones, and it says the aircraft are lightweight, rechargeable, and cost effective. >> it's exactly doing to aviation what the personal computers did to i.tt used to be the prominence of big mainframe groups, and now everybody has several computers. same thing will be happening in aviation. >> a drone called skate costs about $2,000. dr. langford here says he sees police using it in dangerous situations like high-speed pursuits and hostage situations. just go to our facebook page here and let us know what you think about maybe a new way for big brother to be watching. >> tv producers recently crashed a boeing 727 all in the name of science. the discovery channel says it's part of a documentary series called "curiosity." the jet was deliberately crashed into the mexican desert. no passengers were on the plane. instead it was packed with crash test dummies. cameras recorded the crash from inside the plane on the ground from other planes and from ejecting -- the ejecting pilot's helmet. no damages or injuries occurred. >> wow. >>> you want to check your dog food before feeding your pet breakfast this morning. diamond pet foods is recalling d

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i.t., telecom and media services. so as was mentioned earlier, services like ours and those of other companies like us, they're driversmic growth and innovation everywhere, and they will only succeed in accomplishing that if internet remains globally seamless. communications can flow unimpeded. so what's at stake, and in this regard i would agree wholeheartedly, i thought it was very interesting the way commissioner mcdowel started his remarks talking about wireless here, talking about requireless as the key friend globally over the next period. and cisco put out one of its great studies on what's happening this morning, and they predict that if i've got it right by 2016 there'll be two and a half mobile connections per person, okay? so with the transformation of noble services to broadband, this clearly means that this is the path particularly for the developing world to participate in the benefits of the internet to leapfrog if right investments are made. and it's clear from the mckenzie studies, world bank studies that the effect on gdp growth is the greatest for developing countries. for each 10% increase in broad

company was founded in 1864 to protect civil war soldiers. 90 million customers. they are now in 50 countries. they are hiring. there's a plethora of actuaries, finance, i.t.ions this year. and those are opening up right now. >> the korean automaker hyundaii is hiring. >> actually hiring in the united states. let's be clear here. they're adding some production for the sonata and elantra and they're adding another shift at some of their plants making it three shift so it's a 24-hour car production happening with these guys. michigan, alabama, california, 1,000 positions are open right now. so these are u.s.-based jobs for a foreign car company. the pay is decent. you get benefits. about 22 bucks an hour if you're going to work like an assembly job. >> nonunion. chipolte mexican grill. >> if you can paut guacamole on a salad, i say go for it. 1,450 positions are open right now. was i talking about breakfast? they have from 155 to 165 new restaurants opening this year. this is a publicly traded company. i have to tell you. they offer benefits package, salaried positions, too. 41 states right now. this is a big expansion story. you'll look for that with my com

i.t. is taking over everything. >> sure. >> so, that business consumer, the billions of them that are out there, we're connecting with them on mobile devices. we manage the unwire platform, the applications that enable great companies go direct to their consumer on the internet or give them interference in the outlet so them sell more. >> we're running out of time. at what point will you get all of your functionality into the cloud? >> all of our functionality's in the cloud right now. we have everything that we can bring to a customer in the cloud right now. some clouds will be private, some clouds will be public, some clouds will be hybrid. we put everything we have in the cloud now. we have customers getting up and running on s.a.p. technology in weeks, sometimes days, no longer months and years. this is a new s.a.p., a revolutionized s.a.p., an s.a.p. leading the industry. >> bill, always great to speak with you. thanks for your time. >> thank you. >> bill mcdermott, co-ceo of s.a.p. >> thank you. >> before we go, melissa, what's coming up on "fast" tonight? >> wilbur ross on two of the most dangerous investments out there, potentially, european banks and natural gas. why he's getting in. also, all the after-ho

the company's value would be up to $96 billion, making it the largest ever ipo by an i.t. firm. several u.s. media reported the ipo is scheduled for may 18th. >>> and now here's the weather forecast. >>> we'll be back with more news next hour. i'm gene otani in tokyo. have a great day, wherever you are.