a sign home buildiig iss ppcking up.the phaamaceutical giant merck is set toopay cancer drug.the company will the biopharmaceutical company, - endocyte.the agreement will give merck rights to develop and commercialize endocyte's exxeeimental canccr drug, conditions are met....merck will pay endocyye aa additional 880-million dollars. for usiness brief, i'm elizabeth corridan. p----end-----cnn.script----- your eyes aree't deceiving you! you!where this life-like tupac performed with fellow rappers. sendiig chills.

endocyte's exxeeimental canccr drug, conditions are met....merck will pay endocyye aa additional 880for usiness brief, i'm elizabeth corridan. p----end-----cnn.script----- your eyes aree't deceiving you! you!where this life-like tupac performed with fellow rappers. sendiig chills.

merck gained two percent while kraft was up one percent. both are at new 52 week highs tonight. caterpillar shares were amg the biggest losers in the dow, falling almost 2%. this is a two and a half week low. the company is preparing for a labor strike as soon as tomorrow at a plant in joilet, illinois. managers and retirees will be used to maintain production of parts for construction and mining equipment. the local international association of machinists rejected caterpillar's latest offer. but health insurance provider humana was not place to hide today. earnings came up well short of analyst estimates, earning four cents less than expected. humana is the country's biggest provide of medicare plans. the firm's higher medical costs e on the re after customers held off on medical treatment during the recession. shares were sickly today, falling 8% as volume more than quadrupled. among the reasons humana cites for higher medical claims: leap year, one extra day in february, new requirements due to the health care reform law and servicing more customers. this is humana's lowest p

. >> we had just initiated in merck and we were down 10% or 15%.had a hold and we did a review when the stock price deteriorates. 10 to 15% and do a review of the name. in the case of merck by the end of that week, we were out. >> i might be scared back into it from here. that's another 3% or 4%. >> it's only 30%. the long-term average such higher. >>> you looking at any of the very cash-rich tech companies that could be dividend payers like an apple or a google. >> we own intel and as you were mentioning, we love the 3% yield and they continue to reinvest in terms of the sales. that's a great name and we did own ibm and sold to warren buffett. >> it's been great to meet you. thank you very much. the meeting is one of the big events on deck. certainly tomorrow and the day after. we will head to the currency marks to find out how you can be positioning for that. stay tuned. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promi

the drug manufactured by a giant merck who says findings aren't clear. fda is changing warning labels on the medication autos actor ryan o'neal reveals he's battling stage four prostate cancer. the "love story" star made that announcement in people.com saying he was shocked and stun bid the diagnosis and says he's fortunate because it was detected early and doctors feel he can make a full recovery. >> if you like your fast food salty, you're in the right country adorgd a study it's saltier here than in canada than in uk and researchers found studying the nutrition information where you are chicken mcnuggets and several pizzas have the most salt. research is in the canadian medical association journal. >> a loyal lab needs a home. >> coming up... what is being done to find grace, a dog somewhere to live after her actions made national headlines. stay with us. ♪ whoa. this is it. the avengers. is that? ♪ hey, what's this do? [ alarm blaring ] [ male announcer ] new baron's best from red baron. with a hand-tossed style crust, delicious just got legendary. t

hilary rosen works for the democratic campaign, but democrats are distancing themselves from merck comments. >> a woman in annandale has earned the title of batwoman. >> they are fascinating and the public does not love them very much. >> that is kyle lesley sturgis, she -- that is lesleie sturgis. there is a fungus that kills hundreds of thousands of bats every year and she treats them with antibiotics food, and water. she eventually hopes to release them back into the wild. a cow on its way to new jersey slaughter house made a mad dash for freedom. this is an 800 lb cow bolted out of the back of a truck and down a busy street zigzagging across the lanes and then ended up denting a police car. it was eventually cornered by animal control officers and a fire hydrant. it looks like it received a second chance. it was taken to a sanctuary in upstate new york. >> better not let the other cows find out. >> there would be a lot of runways. >> i would not expect a slaughterhouse to be there. otherwise, a gray day at the ballpark. >> first pitch about 45 minutes away. >> it will be standing room o

i think it is also appropriate to announce that govern merck -- governor edwin brown announced that hed ab 199, school curriculum, social sciences, filipinos in world war ii. i think that all of these events show that the filipino- americans are really coming out of the woodwork and showing themselves as a group that needs to be recognized. as we, this evening, a well recognized quite a number of them. we welcome you tonight. may i also ask you to welcome the honorable mayor edwin lee. [applause] >> well, welcome. welcome to city hall, everyone. it is my pleasure to welcome all of you here to the seventh annual philippine-american celebration heritage month. counsel general, thank you. mayer brown, thank you very much. i know you are out there somewhere. board president, thank you for being here as well. i am is so happy, because we have a lot of things to celebrate. and i want to first and foremost thank one of the people that i have had a chance to work with, and i think she is a proud member of the filipino-american community here in san francisco, and that has been my chief adviser

following oil, president of merck block. dan, i'll start with you.lways good to see you. >> they got you up early today. >> i just didn't go to bed. >> good plan. >> oil sitting around 104. seemed to have stalled and yet to me it feels like there are a lot of bearish signals out there. why has it held up so well, is it just iran? >> there have been a lot of bearish signals. we had for example one of the iranian ministers to russia who has been talking about the russian plan and nuclear action and that should have dropped prices. israeli general saying he believes the leadership in iran is not crazy and they also will pot develop a nuclear weapon. and that should drop prices. we have gas prices at least on the futures market that have on several week. prices are just too strong here. >> where should they be? >> that's really what counts to me, what's going on in the market and how the market price action is actually moving gas prices. gas prices were a big, big issue in february and march when it looked like they were going up a lot higher than they n

merck is going after a cancer treatment, a $1 billion deal for endocite. >> endocite skyrocketing doublingin price. baxter international fell 11%. its parnl plunged after drug regulators in the u.s. asked for more information regarding an experimental drug they're working on. >> every e they'll and facebook posting is a source about you, and there's a big rush to mine all the data for potential business uses and profit. that brings us to the word on the street. daa. big data. ken rogers follows technology. how does this big data push differ from all the other information pushes? >> tom, we have so many buzz words. it refers to vast quantities of unstructuredidate a. i mean data that fits naturally into data braces that could be e-mail messages, power pointed presentations, audio, video, social media, and it's a hot space and one that's really going to grow. >> tom: one of the first ones in the space was ibm. they didn't invent it, but got their arms around it. $200 a share. ibm is a forerunener this, isn't it? >> sluemgts. >>idateda supplies the devices from a company that ibm bought in 20

when we get money in colgate, merck, pfizer, that has to come from somewhere. today it came from google and apple. how about this? a week ago these two stocks were in a footrace to $1,000. now they appear to be in a contest to see which can fall to $500 first. apple on the inside track having fallen pretty much in a straight line from $637 to $580. what's incredible to me about this apple decline is it seems to have been caused by google, even though their biggest point of commonality happens to be their high stock prices. google, if you recall, actually beat the estimates but missed on the key metric of profitability, issuing this nonvoting stock dividend, makes you feel like they're about to overpay dramatically. keep pace on facebook. apple. all right. let's go over this. because that's all anybody's asking me on twitter. i heard a lot of fretting about how the big telco carriers aren't willing to continue the big subsidies they paid to sell a lot of iphones. i heard about the iphone glut. these are tried and true takedown rumors that people spread when they

national future as association and chicago merck an tile exchange. the job of each regulator was to ensure customer assets were protected. that $1.6 billion in customer assets remains subject to ownership disputt that remains subject to ownership dispute revelsz a serious regulatory failure i believe. accordingly the purpose of today's hearing should be to ten the committee determine which regulators failed to do their job, and why. to assist this effort. i asked the inspector general last november to examine the commission's overnight and regulation of mf global. the inspector general's findings along with other ongoing investigations should assist congress in its efforts to hold regulators accountable for any identified failures. i asked the c sfchinspector gen whether he should have recused him self earlier in the process. prior to mf global bankruptcy, chairman ginzler had contacts with mf global and ceo john corzine, concerning, the regulation of the firm. if a recusal was appropriate it seems it would have, would have been more appropriate to s

chevron, merck, and proctor & gamble are some of the movers we're watching this morning. the dow rose yesterday, the nasdaq up 21 to 3,050. >>> and finally, walmart is offering online shoppers a cash option. they'll let people who buy items online pay for them at cash at any of the brick and mortar stores. trying to cater to people who don't have access to a bank account, credit, debit, or prepaid card. walmart says only about 15% of the transactions are paid for with a credit card at this point. >> thank you very much for that update. >>> let's get updated with that forecast. >> you heard the weekend in her voice, don't you? >> everybody, you know what -- you can get outside without the rain coming down. we've got a good-looking weekend. 49 degrees. she's kind of my hype woman, isn't she? 49 in sunnyvale, 46 in concord this morning. so you'll notice a cooler difference when you walk out your front door this morning. about 8 degrees cooler. i don't think we're going to dip into the 30s. but for the greater bay area, 40s and 50s. this morning, on our way to the 70s inland

first quarter earnings are out from at&t, boeing and merck and the index following home prices in 20s is out on tuesday. wednesday the feds open market committee wraps up a two-day meeting on policy. ben bernanke will hold a press conference as well. on friday we get the first reading of gross domestic product for 2012's first quarter. the gdp is the broadest measure and typically a market mover. what makes a town tops. the wealth report polled individuals with assets of more than $25 million. on which cities around the world are the most important considering factors like economic activity, political power, and the price of luxury housing, here's the list of the top five. london, new york, hong kong, paris and singapore. but interestingly, when asked which cities will be important in ten years, numbers three, four and five are all in asia. by beijing, singapore and shanghai, a sign of our times. next week join me for el-arian. have a great week everybody. i think it's final seconds, ohh, shoots a three, game over. so two seconds ago... hey mr. and mrs. harris, where's kevin? say hi

across the board, site managers from companies like novartis, merck and others are able to fill almost every entry level vacancy from north carolina. finally, how does the challenge from the early 1980s reflect the challenge is united states faces today? first, we need a strong pipeline of products in order to increase manufacturing jobs. second, training programs must produce workers who are job ready day one. third, we must recognize other countries are beginning to effect our competitiveness in the sector. increasing manufacturing jobs requires a culture of innovation. more ideas provide more chances for a product to be develops to a point of manufacture. this holds true for biotech products and for industries that will require advanced manufacturing. second, these bio manufacturing jobs require a different skill set than assembly line jobs. in north carolina, our training programs work to compliment one other and stay in sync with industry needs, but success in these jobs requires strong stem education as herbally as possible. third, the competition is global. in north carolina, on

first quarter earnings are out from exxonmobil, at&t, boeing, caterpillar, chevron and merck.tion's realtors report the new number of homes sold in the last month. the monthly s&p shiller report index following g home prices i 20 cities out tuesday. wednesday the fed's open market committee wraps up a meeting on monetary policy. ben bernanke wil hold a p press conference as well. on friday, we get the first reading of gross domestic product for 2012's first quarter. the gdp is the broadest measure of the health of the american economy and typically a market mover.ç >>> what makes a town tops? the wealth report compiled by citi and frank research polled individuals with assets of more than $25 million on which cities around the world are the most important. considering economic activity, political power and the price of luxury housing. here's the list of the top five. london, new york, hg kong, paris, singapore. interestingly, when asked which cities will be important in ten years, numbers three, four, and five are all in asia. beijing, singapor shanghai. a sign of our timimes

companies, including nike and merck, are being hurt by less favorable exchange rates. >> our goods are more expensive for european countries to buy. when we bring back those profits and translate them into dollars, we're actually getting less fall down to the bottom line. >> reporter: some analysts warn there will likely be additional political and economic setbacks this year and next, like countries failing to meet deficit targets or dragging their feet on reforms. >> you could see the spaniards have to ask the europeans for permission to run a larger than expected deficit. that would be a disappointment to markets. you might even see the spaniards, or perhaps the portuguese in 2013, ask for a bailout. >> reporter: the good news is the economy seems to be improving in the u.s., by far the biggest market for s&p 500 firms. if the momentum continues, some analysts see a bottom line boost in the second half of the year. erika miller, "nightly business report," new york. >> susie: alcoa is another company that does a lot of business in europe, but the aluminum giant still managed to surpr

hundred million dollars in lawyers fees so just put that in perspective last year the drug company merck agreed to a settlement worth just under five billion dollars in that deal lawyers agreed to take three hundred and fifty million and that was only after thousands of lawsuits in dozens of jurisdictions it took years to litigate so in this case the plaintiffs settlement committee lawyers didn't even have to go to court and they still took over half a billion in fees something here feels a little fishy right with a whiff of crude oil and dispersant and just plain sad that two years after such a tragic calamity the victims don't appear to be getting the justice that they deserve even as the gulf region continues to suffer. a last december the department of justice launched an investigation into allegations of prisoner abuse at pennsylvania's state correctional institutions cresson and pittsburgh there have been suicides attempted suicides in the prisons leading many to question the true. of prisoners i think facility i question specifically the stories of all the inmates who've been plac

conscionable act of war for merck has been a platform again to vehicles in our border we were here illegally. but a difference in time makes anyway the reason i'm bringing this up again is because today stranger reported on some new bits of information to give us insight into how this trial is going to play out let's not forget the same may have confessed to plotting nine eleven there's also the whole torture aspect the fact that he was water boarded one hundred eighty three times just in the first month of his captivity not to mention other techniques that were used on him so there have been some questions as to just exactly what the federal prosecutors are going to do a military commission rules also do state that evidence of taint through torture is inadmissible but here's what spencer ackerman pointed out today the government is hoping that means you can also get mody cheney of course for associates of they're hoping that with his testimony they can just forget all about the torture stuff he conic separate plea deal one thousand years in prison for testifying against the nine eleven cons

comments about president obama last weekend rifle association convention he ed to weigh call the evil-merckistration. he urged nra members to chop their heads off in november. some took that as a veiled threat to the president. nugent says he will make it clear to the secret service that he didn't mean the comment literally. >>> tributes are pouring in for dick clark who died yesterday at 82. it started for clark and the rest of us with "american bandstand". where he ed launch hundreds of cars. tahman bradley has more. >> reporter: from times square to hollywood, americans are remembering the legendary dick clark. he was a cultural touchstone and like a member of the family. china live from philadelphia it is time for america's -- >> announcer: live from philadelphia it is time for america's favorite dance party. >> reporter: "american bandstand" played records and kids danced. >> this is called rock around the clock. ♪ ♪ >> we have great memories of dick clark. every saturday 1:00. >> he will forever be young in my heart. >> reporter: clark's influence was enormous he introduced the world

meanwhile, earnings from ford came in ahead of expectations and merck also turning in a better than expectedto "hardball." >>> welcome back to "hardball." if you thought republicans were plotting to kill the president eight agenda, you're right. but do you know a group of influential house members and senators planned it just hours after president obama was inaugerated here in this city? a terrific book about the gutsy gop agenda from the cold night in 2009 all wait throuthe way t death talks as they tried to compromise with president obama. the book is called "do not ask what good we do." robert, congratulations on the book. explain, if you will, a couple things, but start with the title. "do not ask what good we do." >> the title actually comes from the author of the final language of the first amendment and the first great orator of congress. after serving the first four terms in the house, he quit in disgust out of party factions and asked a friend, do not ask what good we do? that is not a fair question in the world of faction. >> in 2009 including cancer, paul ryan, a handful of repub

can we not get serious and start attacking merck's real problems?e to discuss the media's fascination with the silly stuff, we're talking about why it is so dumb, here is media -- ic barbara lippert, the curator of pop culture at the advertising firm goodby, silverstein and partners. welcome back to the war room. >> i'll thrilled to be here. >> this makes me pull my hair out. why are we spending so much time talking about this goofy stuff. >> because it's the same thing if you put a cat on arumba and videotape it it will be a thousand more hits than anybody talking about health care. the newspaper and tv writers like to make dog puns. dog versus dog dog's breakfast -- >> yeah. >> and people get all worked up about dogs and cats. and when romney first did this 30 years ago, at that point there were no seat belts, people would have done it to their children if they weren't going to get arrested. >> i was one of those kids in the back rolling around -- >> exactly. my parents didn't care, they threw us in the back of the car and that was it. so there we

back to you at the merck. >> brian, thank you so much. >>> here we are in the final hour of trading andare watching crude oil. crude today getting a bid. we are seeing gains in crude oil but we're still looking at the fourth straight losing week for oil prices. our next guest says that there's even more pain to come when it comes to crude oil. let's start talking numbers and speak with the chief technical analyst and that is mark newton. thank you for joining us. >> near term looks like you can go lower in crude oil. as you look at the daily charts of wti, trend lines from october recently have been broken on crude. also, momentum starts to slowly roll over and that's also a negative. you see these january highs that have been breached. all three of those things are negative. all those things suggest that crude gets down to $100, maybe down to 97. the one thing i want to point out, if you look at spot crude, looking at futures for the next five years, it's pricing a nearly $10 lower price for crude between now and 2013. it looks like the expectations are for crude to move lower. >> do y

but the judge issued a tentative ruling yesterday and said this is something -- and went on to say merck roadway moe is not intended to be pay. >> you have a guy with very little funds. it's a very, very tough fight for him. >> reporter: the hearing tee comes up a a hearing yesterday. where a same judge denied that the city attorney should be pulled off the says. it also comes in the state of an interrue in which he basically accuses the sheriff of changing its story. he said it quote just keeps getting better. he also said mirkarimi is behaving like a typical criminal defendant and questions whether he should ever be allowed in law enforcement again. but again this formal hearing set to start in a few hours. the issue will he get his job back and will he start being paid? live in san francisco claudine wong. >>> time is 6:08. oakland police want witnesses to come forward. they within to help solve this weeks tragic killing of a young father. tyrell smith was shot when he was taking an afternoon walk with his one-year-old son. inside investigators say someone drove up in the car and shot

one of america's -- one of merck's drugs may help treat baldness.ays in some cases side effects linger for months after people stop taking the drug. more tough news on the housing market initial foreclosure filings jumping nationwide in march, still lower than a year ago. brace for more to flood the market starting late summer when banks get properties that are owned by people in default. >> the unemployment rate for teens is painfully high. women are winning the baltimore frequently than young men. 2.25 million women 16 to 19 were employed last month, 110,000 more than a year ago. only 2.1 million teenaged guys had jobs last month because of gains in service and retail jobs while construction lagged behind. at the new york stock exchange, i'm jane king. >>> 5:five few. -- 5:55. strong quake hit off the coast of mexico after midnight. the 6.9 quake came hours after a separate 6.5 quake swayed tall buildings in mexico city and forced evacuations. authorities say neither quake did major damage or caused serious injuries. a coalition of students and ci

axle merck is the president and chief investment officer for merck investments. differentiated between the euro and the province in the eurozone. we've argued the issues in the eurozone are very serious but the reason we have these issues is because we're not printing as much money. as such they should be expressed. the main emphasis has to be and has been on making the banking system strong enough to stomach sovereign defaults. you're injecting liquidity. so eventually the system doesn't fall apart when the sovereigns default. some of these countries will have to default but we need to make sure this contagion is limited. >> you believe the european central bank is stuffing cheap cash into these banks in anticipation of further sovereign defaults, is that what you're saying? >> that's what they do. look at the federal reserve. >> i didn't think it was in anticipation that a big economy like spain could fail? >> that's a matter of which side of the coin you look at. federal reserve buys security, taking it in and give 80 billion a year to the treasury. because th