jos. a. bank for $55 a share, comes almost two weeks after jos. a. - >> this is interesting. >> we thought this was a possibility. we have an activist investor here, owns 9% of men's wearhouse, owns 4.9%, not a large dollar position of jos. a. bank. again, these are relatively small companies, but it's been an interesting saga. and here we are today, men's wearhouse does turn around, plays the pac man defense, though it is the bigger of the two. >> people are asking me privately, can revenge really motivate? is revenge part of the arsenal that ceos have? this is greatly -- this is vengeful. >> i think this is more about making sure which management team keeps their job. i think that's part of it. >> could jos. a. bank have started this in order to get the ball rolling? >> we'll see. it's hard to imagine bank bajos bank will nott iengage with the. i have not spoken to their advi advisers this morning as to what their approach will be. ricky sandler will play an important role in being one of the largest shareholders in men's wearhouse and in jos. a. ba

a. bank is pulling the bid to buy men's warehouse. jos. a. bank's proposal to acquire it's larger rival men's warehouse expired yesterday. although men's warehouse never entertained that bid, jos. a. banks said its would be open to future talks. shares of the retailer were up on the news. men's warehouse rose 1% to $46.64. >>> general electric plans to spin off the credit card business next year as a accept pretty company. it would take them out of retail lending to make less money from the volatile financial sector and more from man fracturing. the stoke rose today. >>> climbing to multi year highs after reporting strong fourth quarter eerpings. the insurance mtd maker beat on both the top and bottom lines but guidance missed wall street easie' estimates. the stock surged by more than 8.5% and closed at $54.93. >>> and investors bought up shares of zoo lily. that discount retail site that targets moms priced above $22 and shares took off ending the day up more than 71% and closed at $37.70. >>> our market monitor guest tonight is bullish on s

jos. a. bank. josh? >> so now they're talking about a $1.2 billion total enterprise value on this new bid. this is very rare where you see one company come and say, we want to buy you. another company says, no, no, wait a minute, we can maybe do something on our end. and i don't know how it will resolve, so i think if you're an investor with fresh cash, maybe you look for something else that you could be doing as opposed to jumping into what could be a lengthy arbitrage process. >> all right. from talk of more consolidation to renewed fears about cord-cutting, there's a lot of chatter about media stocks lately. craig moffett is from moffett nathanson. welcome to the "halftime" show. >> good to be back. >> what's the most likely scenario? let's take the news that's developed recently regarding possible consolidation in the business around time warner cable, whether it's comcast, our parent company, charter, which was apparently getting ready to do something. what's your best guess on what happens here? >>

jos. a. bank. at, it's now in a fight to replace its board of directors. >> thank you for being here. >> 9.8% of men's wearhouse and 4% of jos. a. bank. >> that's correct. >> why are you pushing for this? >> this is not something we typically do. we're not activists typically. at the end of the day, there are three things that really compelled pups we like the core business. we think it's an underappreciated business, a niche in men's apparel that doesn't have the same fashion cycles that has more need-based purchases. it's a more consistent, higher return on business. number two, the opportunities to put these two companies together. you saw the presentation, $2 billion of value. >> where does that come from? you're talking about half the market cap that exists. >> it comes from cost savings, revenue synergy. we see enormous opportunity here. this is a board that i think has acted in a way that i find astonishing given the situation. in my 19 years of being in business, i can't remember a board tha

>> could mcdonald's new requested have you eating your big >>> we have breaking business news, jos a. bank is pulling out of a deal with shares dropping. they made an offer of $489 a slayer for men's warehouse in september but men's warehouse reject it calling it inadequate. banks said they would drop it if men's warehouse did not engauge in negotiations by yesterday but least the door open for future talks. >> next week the palo alto city council will consider equipping officers with body mounted camera similar to the camera oakland police officers clip on their uniforms. our media partner, the san jose mercury news, reports that palo alto motorcycle officers use them when they will considered to be purchased by the city council on monday to replace cameras currently installed in police patrol cars. miss say the cameras offer protection for officers and the people though contact. >> if action transit buses seem more crowded there is a reason. the bus agency says they carrying 19,000 extra riders each day or 11 percent more. a.c. transit officials credit the addition of 100 new buses to th

jos. a. bank upped the third quarter outlook thanks to a rise in sales. they aren't set to report earnings until december but the positive outlook two days before the proposed take over bid will expire. shares rose 3.5%. >>> starbucks must pay kraft after the early termination of a grocery deal. starbucks has to pay about a half billion in interest and attorneys fees. the decision came after the closing bell prompting starbucks shares to go down just a bit. kraft shares popped and finished the trading day at $51.96. >>> the activist investor dan low disclosed he has a stake in fedex fedex. he said he met with fedex ceo and doesn't want to see him replace. it set them higher after it was down crowded this morning for lack of a mayor near term. it popped to $134.76. >>> leap frog was up grated from a market perform to an out perform. analysts sited the position in educational toys is the reason why the stock looks attractive to them. the report sent shares to $7.97. >>> tablet sales are expected to be strong this year but tablet maker haves come under fire

sounds like men's wearhouse may be changing its stripes when it comes to an offer from jos a banks.the smaller jos a banks made an unsolicited $2.3 billion takeover bid for men's wearhouse that was flatly rejected as way too low.now comes word that hedge fund - eminence capital- has purchased a 9.8% stake in the company. eminence is reportedly urging men's wearhouse to take a closer look at the offer. investors seem hopeful -- men's wearhouse stock has been rising on the news out of eminence. fewer americans are falling behind on mortgage payments.transunion credit reporting agency says it's due to rising home values, low interest rates and improvements in the job market.in the third quarter-- late payments fell to 4.09% from 5.33% a year ago. that is still however, above the average historical range of 1 to 2%. a growing company proves 'honesty' is the best policy. "the honest company", which was launched by actress jessica alba in 20-12, makes non toxic products for infants and other eco friendly household items. the line said this week its raised 52 million dollars in less than two years.it says it pla

jos. a. bank and that's where we begin tonight's market focus. they turned the table with a 1.5 billion-dollar proposal to acquire the smaller rival that's been trying to take it over. the combo would create the fourth largest men's apparel retailer. shares of the chain surged, mens ware house to $50.60 and joe sita. bank rose 11% to $56.29. >>> tiffanys shined in today's training. the jewelry maker solid quarter was driven by strong sales in china. tiffany upped the full year forecast. shares jumped more than 8% to $88 and change. >>> it was a different kind of story at dsw. shares tumbled after the foot ware retailer reported improved sales for the latest quarter but still below analysts expectations. investors were disappointed by the modest outlook. the stock dropped to 44. 95. >>> a big jump at hormel thank y you -- thanks to a boost in turkey sales and more. the food producer will continue to deliver strong results. >> well, there have been significant flood inflation over the past few years, certainly on the jenny-o turkey sides. i do feel

jos. a. bank has dropped its bid for men's wearhouse. bank's $2.3 billion bid expired thursday.since september, men's wearhouse has refused a deal that would merge the two largest men's retailers in the u-s.now eminence capital, the biggest investor in men's wearhouse, is calling for a meeting of shareholders to discuss options. carl icahn is taking a bigger bite of apple. icahn picked up nearly 4 million shares - or about a $2 billion stake.it's part of his plan to boost ownership and gain more control over apple. last month, icahn sent a letter to ceo tim cook, suggesting the board boost its stock buyback plan to $150 billion. icahn has been buying up shares in apple because he consideres them undervalued. shares in apple closed down 6 tenths of a percent to 524 dollars on friday. a tiny store on the east coast is boasting the biggest sales of iphones. a report from abc news says the "christiana mall" apple store in newark, delaware claims to sell more phones than any other apple retailer. delaware has no sales tax and is located just o

jos. a. bankthe buyer. >> i think men's wearhouse wants to cole the shots and i think men's wearhouse is doing better than jos. a. bank. why should a bigger company have to report to jos. a. bank? let's say the guy who is biggest gets to call the shot. >> this sounds like an ego thing. >> totally! you got a problem with that, mr. bitcoin? i like the bitcoin piece. thank you for being honest. you had branson last week and you were right, you were right this morning. >> thank you. >> taking bitcoin. tomorrow i great four for one, maybe tomorrow i'll get a two for one. you're the first guy to talk sense and not be worried if it goes up tomorrow in value. >> it will go up tomorrow in value. as joe knows, i'm the contra indicator. >> you told the truth. stop it with the deny the humility thing. >> even branson said the minute it clears, they sell it. >> they sell it into dollars. >> he said because of fiduciary responsibilities to shareholders. >> i thought that column told the truth. >> you're a kind

jos a. bankg a bid to buy men's warehouse after they did not engage in the talks by the november 14th deadline. exxonmobil and berkshire hathaway took a stake in exxonmobil. 81 cents a share for the fourth quarter beating estimates by five cents. it did predict that the current quarter would be below street estimates and fiscal fourth quarter profit of 1 cents above estimates with revenues in line. the company also said it saw more customers build new facilities as they ramp up production. men's warehouse or jos a. bank. do you remember when you walked in and the suit that caught your eye? >> a tom ford suit, wasn't it? >> how much did it go for? >> 3500 or 5,000. >> and you have a discriminating -- the guy walked in and you said, is that a tom ford? >> yeah. >> i don't even know -- is tom ford -- is that the ford model? who is tom ford? >> are you kidding? you know who tom ford is. >> i've got an ed ford. >> there's a whole song about tom ford. >> jeff zucker? >> jay-z is on my list. >> i have a

jos. a. bank. earlier this month, it was the smaller rival, jos. a. bank, trying to buy men's wearhouse. cnn, new york. >> thanks, alison. >>> the nfl is trying to determine if the coach of the pittsburgh steelers crossed the line by getting a little too close to the action. jared greenberg is with us with the "bleacher report" this morning. what's going on there? >> reporter: well, a ballerina or a gymnast, not likely in the future of mike tomlin. you know, with a few less dollars in his bank account, that's probably more realistic future of mike tomlin these days. nfl reportedly looking into tomlin coming so close to interfering with ravens ' jacobi jones. now in the seventh year, and we say that because he's not a rookie on the sidelines. mike tomlin said he got caught up watching the jumbotron. he wasn't flagged on the field for a penalty. however, the league could levy a fine or even a suspension. we'll keep our eye on that. the biggest college football game of the year is now less than four hours away. the iron bowl doesn't need the pomp and circumstance to draw the attention of lo

a lifetime. the chase mobile app. so you can. >>> state department sending people from washington to the abc7 hiring event. the retailer jos yef a bankill be up for grabs tomorrow between noon and 4:00. >>> after a decade of debating, meeting and promising great resort and casino opens tomorrow. they're predicting it will bring in 10,000 more cars per day. wayne freed man looks inside and joins us now from the state's newest casino. wayne? >> reporter: this place went up fast, hard to believe a year ago i would be standing in what used to be a cow pasture. let's take a look sievenltd it looks like an a nevada gaming casino inside. it is indian gaming like the state has never seen. $800 million in costs. 150 gaming tables. could generate $500 million in revenue within three years, creating 2000 new jobs, some are local business ventures. the best back story might be a family owned mexican restaurant that came to america 25 years ago, began with a food truck. now, he told us they have this opportunity. >> there is a risk. but we're excited. it's a challenge. >> you might call it a case of gambling on multiple level buzz not once you ta

jos. a. bank is here. >> yes, indeed. you're a new mom.e you finding -- i hear gap kids is -- >> yeah, the baby gap. a huge line at baby gap, which made me nervous, because i thought, oh, no, everything will be bought up before i have a chance. but also, the other spot was the outlet store. no sales, but if you buy certain items, you get a gift card, $50, $150. so, you know, when there's really never any breaks at the apple store, that's certainly some place to stop by. >> very good, guys. >> jumping off that, the verizon store -- >> yes. >> -- two-year contract, free tablet. >> you know, we saw that, we saw the big lines at the verizon. >> the question is, how much inventory they have, because they leave the sign up, even though three of them in stock. so we'll have to do recon. >> good job, guys. we'll see you later. kris and bree. >> we want to talk some of the shoppers here. >> david menlo of ipo financial, what the heck are you doing here? >> well, i only go where the boss tells me to go. >> yeah, yeah. >> my wife ellen said if you wa

a honey-baked ham. what more do they want? - i'm joed now by one gay rights advocate devin banks,elcome. - thank you, dallas. i have seen you since michael kors' new year'sve masquerade. - uh, i don't know wt you're talking about. - right. let'dive in. - banks.

a backp. the big banks and know that the government will always have their back, you know, those behind on their mortgages, those have a joruble is the government doesn't have enough money. it might sound cool o say that the well has run dry, but it has. we are knee-deep out here. >> i know that i am supposed to disagree with you, but i think that you are right. people have come to think of the government as a backstop and i think the government should be a backstop. neil: but there's a limit to be had, right? >> yes, quite literally there are limits. so i do think we should have a policy discussion on what it should and. i think though that when people are hungry, that is where you end it. and it's debatable as to whether or not the well has run dry. we still have tremendous econom power in this country to help people in need and we are not there yet. >> my fear is that even when they say that we are home free, the fact of the matter is that it's all a credit line. and we are we're going to have to make some hard choices here. >> we certainly are. and i think, the other guest is exactly right that we need to have a discu

bank. ♪ melissa: it is time for a little fun with "spare change." today we are joined by jokey for joining is. happy friday. your love life may be contingent on the cellphone you carry. that is according to a recent survey. one more thing to worry about. the research shows that in a romantic setting 52 percent of females and 30 percent of males judge today by their phone. have you ever even considered this as something to watch out for? what -- i mean, you are a young, happening gal. [laughter] >> thank you. melissa: see you judge a man by the size of his defuse -- i mean by his -- >> i try not to because team may be using a tone that is not represented it. melissa: you think it makes you look old-fashioned, dirty? >> that is cool. marketable to men as it were, but then i have my iphone. melissa: a very smart financial person, the security is better. here are judging them incorrectly. >> but i really love the iphone four for photos. if you will be dating someone in it will take a picture of you, wouldn't you want high-quality cameras? melissa: the puck to appear more flatter

jo ling kent with your fox business brief. jpmorgan chase cutting 4000 consumer mortgage jobs by the end of this year, a full year earlier than the banknced in february. on top of the jobs eliminated, jpmorgan is on pace to cut 15,000 jobs this year. consumer sentiment fell to a premiere reading 72.0. down from the final reading of october of 73.2. the lowest level since december of 2011. university of michigan index found many low income households worried about their job prospects. nbc signed a deal for the first commercial space tourism flight. virgin founder himself and two adult children will be the first passengers on the spaceship launching from new mexico next year. that's the latest from the fox business network giving you the power to prosper. lori: when it comes to restore the country's largest financial institution, it is all about trust. this is part of the criticism for new york federal reserve president, so what banks is he referring to and what else to the top official have to say? here is elizabeth macdonald. liz: pretty withering remarks. an aggressive speech at nyu law school. saying the following, the big banks sho

jo jill biden. [applause] ladies and gentlemen, the recipients of the presidential medal of freedom. [cheers and applause] mr. ernie banks. [cheers and applause] mr. ben bradlee. the honorable bill clinton. [applause] ms. irene in a way accepting on behalf of her husband, daniel inouye. dr. daniel kahneman. [applause] the honorable richard lugar. [applause] ms. loretta lynn. [applause] >> doctor mario molina. [applause] mr. walter nay, excepting only half of his partner, bayard rustin. [applause] mr. arturo sandoval. ms. smith accepting on behalf of her husband, dean smith. ms. gloria steinem. [applause] reverend c.t. vivian. the honorable patricia wald. [applause] ms. oprah winfrey. [applause] ♪ >> ladies and gentlemen, the president of the united states, and mrs. michelle obama ♪ [applause] >> good evening, everybody. please have a seat. well, on behalf of michelle and myself, welcome to the white house. this is one of my favorite events every year. especially, it's special this year as i look at this extraordinary group of individuals, and our opportunity to honor them with our nation's highest civilian honor, the presidential medal of freedom. and this year it's just a little more special because this marks t

jo white, thank you very much for being with us. carl, we're going to continue this conversation online but for right now i'll toss it back to you. >> very nice, mary. obviously a lot of banksg closely and a lot of people are saying, okay, when do the stockholders no longer have to pay these big fines? when will they refer things to the justice department and go after individuals? >> and when will we get a volcker rule? it's just fantasy that exists in the future. >> i think people at home are saying why do people go to jail for insider trading and not go to jail for wrecking the country? she wasn't part of that. she's civil, not criminal. where's holder? why isn't she meeting with holder? >> our thanks to mary for bringing it to us. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. >>> six stocks in 60 seconds. >> d.r. horton? >> it's causing a big move up in the home depots in the world. i think this is rathe