shares shot up 7% before closing the day at 41 dollars.earlier this summer-- the kohlberg company made a 35 dollar a share offer.steinway is now paying kohlberg a 6 million dollar fee to terminate that deal.the buyout is expected to close in september. debt is on the decline in america. house hold debt including mortgages, credit cards, and auto loans fell $78 billion in the second quarter to $11.15 trillion. sounds like a lot but it's the lowest level since 2006. debt is dwindling as the housing market improves giving americans the opportunity to sell homes they cannot afford. europe is also making steps in the right direction as it emerges from recession.gdp has increased three-tenths of a percent--- with germany and france reporting in solid gains. the data beat many economists' expectations. however, critics are saying the region is not in the clear just yet. on september fourth, the g-d-p numbers released this week will be revised -- which could indicate more clearly where the eurozone stands in its recovery. boeing is still working out kinks with its dreamliner 787s. in the lates

the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audre rapoport foundation. the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. more information at macfound.org. anne gumowitz. the betsy and jesse fink foundation. the hkh foundation. barbara g. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. >> welcome. for each of us, there are days that are turning points. a day that changes our personal life, or a day that changes the nation. sometimes, very rarely, it's one and the same day. just such a day happene

kohlberg and company is refusing to match a $477 million offer for $38 a share, reportedly from hedge john paulson. kohlberg offer the $35 a share in june. >>> national federation of independent businesses read is out, up .6 of from june's reading 93.5. optimism is riding as owners anticipate improved sales and earnings. that's the latest from the fox business network. david: this is freight news. u.s. organic food sales jumped to $27 billion last year. lifeway foods pushing ahead with new products and expansion plans to catch in on the healthy growing living trend. liz: joining us on fox business exclusive, the lightway foods ceo and president. i had to crack it open. pom ma grab it. -- pom my granite. that is great. >> pro-bionics market is 35 billion and will mushroom to 45 billion the last five years. the biggest growth is coming in the dairy foods aisle and lifeway is leading the way. david: how did you corner the market on it? for those who don't know, forgive the layman's introduction it's a little like yogurt. it is very healthy. my family survives on it practically but you gu

million from an unnamed investment company that beats an earlier bid from the private equity firm kohlberg and company. after the bell starts right now ashley: let's get to today's action. we have david lutz, stiffle nicolaus managing director with the biggest risk to the market and lincoln ellis in the pits of the cme. let's start with lincoln. we crossed this flat line number today, lincoln, 56 times. no big surprise. we're in august. kind of drifting summer doldrums and so on. we may have movement tomorrow when we get july retail sales, right? >> absolutely retail sales. they are the at top of everybody's list along with the inflation data. you notice there is seesaw action in stocks and bonds both came as we saw interest rates moving up a little bit earlier in the day, in materialses of price, pushing some of the yields down. then as stocks begin to selloff, you saw the inverse happen, the stocks made their comeback in the balance of the day. information how retail sales are progressing particularly as we approach the back-to-school season will be absolutely crucial to understand the h

investment firm has offered to pay $38 per share or $477 million for it, topping an earlier bid from kohlbergany. shares of the piano-maker are up 9% or so. according to s.e.c. files billionaire fook c.o.o. sheryl sanberg selling $91 million worth of the stock. shares are above the ipo price of $38, right now trading at $38.37 and jc penney's largest shareholder hedge fund manager bill ackman calling for the removal of the chairman as well as the ceo last week. shares of jc penney are down just a cent or so at 12.86. ty? >> that takes us to our first topic in the power rundown this hour. bob pins and cnbc's john carney are with me. guys, can jc penney do anything to muzzle bill ackman? they seem to want to. they are unhappy he's taken the case to the press, but, gosh, that's fun. ? >> if i was on the board i would certainly respect the confidentiality of the board. i think there owes an obligation to do that but this is the new breed of activist investor. you know what the problem, is dan loeb released a letter to the yahoo! board will getting a new person in and they brought in marisa mayer

kohlberg and company had a deal to buy steinway for $30 a share.lover that already owns three steinways and now he owns the company. >> you and i both love pianos. >> every bride dreams of walking down the aisle. that seemed impossible for an ohio woman paralyzed after a car accident. on saturday stevie beale made her dream come true. after a year of physical therapy, she used a walker at her wedding to jared van ausdale. once they were pronounced husband and wife he carried her back down the aisle. >> oh, my gosh wonderful. absolutely wonderful. >>> >>> oscar winning actor forest whitaker will be here in studio 57 to tell us what it took to play a white house butler through most of america's turbulent days. >>> all that mattered 26 years ago, a big event in new york city. do you remember what it was? the answer is next on "cbs this morning." ♪ ♪ sleeping apart. things should never come to this. that is why i'm through the moon to present our latest innovation, tempur choice. it features an adjustable support system that can be personalized with a

kohlberg has three days to match or top the new bid. is a rare topping bid made during a so-called go shop period. and after the fact option companies used to search for better deal than what they have accepted. steinway jumped 9% on this on monday and is up about 86% this year. >>> warren buffett may just be a modern day willy wonka. today's the last day to bid on an all you can eat tour of the candy factory in los angeles. buffett and berkshire hathaway bought the company in 1972. after the tourks you'll have a meet and greet with the oracle of omaha who will show you the only acceptable way to eat a bonbon. the estimated value of the tour is $75,000. the current bid on charity buzz.com is $42,500. so still a couple of dollars away from that. proceeds go to a benefit l.a.'s communities and schools project. >>> coming up, a blackberry put itself on the auction block and reports are swirling over who might bid to take the smartphonemaker private. we get the latest details next. [ kitt ] you know what's impressive? a talking car. but i'l