clippers, and more on his move today to step down from the board of microsoft. ♪ >> more now on that king news we told you about earlier, steve oliver stepping down as a board member at microsoft. hold microsoft shares for the foreseeable future. his departure ending a more than 30-year association with the worlds largest software company, which he led from 2000 to 2014. under his watch, microsoft continued to power ahead as the chief provider of computer software but failed to push aggressively into the mobile and web markets. trish regan traveled to los angeles to speak with mr. ballmer. that will be coming up at the bottom of the hour. of course, you can see that interview on "street smart" coming up at 3:00. the markets. go on olivia sterns has the details. >> stocks are higher in the u.s., the snp within one percent of its all-time record high. good economic data this morning showing housing starts jumped to the highest level in eight months and a subdued picture on inflation readings, coming in at the lowest level in five months. both of that helping sentiment overall. one thing

you think he will stay on the board of microsoft? e board today and am excited to be here as a board member. >> that was yesterday but that was a different story, wasn't it? >> he said, yes, i am on the board today. that is what happened. today, he came out this afternoon and announced he would be leaving the board at microsoft. you sent a letter to the ceo. moments afterhem this news came out, seconds after the news came out and this is what he told me -- he sia said i want to pay appropriate attention to my -- it ist between a lot. he went on to say -- i love microsoft. i got that since yesterday when i got that news. i said there was some much on your plate and you have all these different things -- are you really going to stay on the board? he indicated yes. he said i am on the board today. another thing that is notable in the interview was when one asked him about the layout -- the 18,000 people at microsoft -- he said that was the ceo. the board had nothing to do with that. it was part of his effort to streamline the company. it

when you stay on the board of microsoft? >> i am on the board today. she joins me now. that was yesterday. today is a different story. >> what a difference 24 hours makes. he said that i am on the board today. out and announced that he would be leaving the board of microsoft. he sent a letter -- letter to the ceo. i spoke with them moments after the news came out. this is what he told me. it is a phone conversation. i want to be a great shareholder and i want to pay appropriate attention to my shares, but between teaching classes -- it is a lot. i love microsoft. i got that since yesterday when i talk to him. you heard the exchange. plate andmuch on his doing different things. i asked if he was really going to stay on the board. he indicated that he was going to -- he said i'm on the board today. thatther notable thing was when i asked him about the laos, ,he 18,000 people, -- the laos --he said that was part of the new ceos efforts to streamline the company. he was moving on to a new chapter in his life. he has already said that he is a passionate clippers fan. he is a

ballmer wrote to the microsoft board saying he is stepping down from his presence on the microsoft board. he said in the six months since leaving, he's simply become too busy with the combination of the ownership of the clippers, civic duties as well as teaching. he says his 'going to continue to support and encourage boldness in the management through his ownership shares. remember, ballmer is the largest single holder of microsoft shares outside of the index fund. he says he's going to continue to play an active role as a shareholder, but not as a board member. brian? >> courtney, thank you very much. >>> let's bring in jon fortt. what is your reaction? >> brian, first of all, the most important line in that her i think from an investor standpoint, word for word -- i hold more microsoft shares than anyone other than index funds, and love it. i expect to continue holding that position for the foreseeable future. it sounds like he's not sharing shares, though stepping down. you have to be happy for the guy. this is clearly orchestrated. not only is this a public letter, but there's a pub

ballmer has resigned from the microsoft board just days after paying an nba record 2 billion dollars for the los angeles clippers. "street smart" anchor trish regan spoke to him talking about his life after microsoft. when you think about what you're going to be doing over the next 12 to 24 months and you're still on the board of microsoft and you have this project now in front of you, how you divide your time? so i could have the next phase of life. i'm feeling a little strapped right now. [laughter] will have to wrestle that through a little bit. i have other things am also interested in. i want to myself -- have more time for myself including more time to study, teaching a class this fall at a business school, more time for sports and golf, that kind of thing. on top of that, i want to be a great microsoft shareholder. i want to be a great clipper owner. i'm trying to figure out how to evolve my civic contribution. my wife has been really active child welfaren and education issues in the state of washington. we are asking ourselves what else. it will take some energy to figure that

ahead, rick sherland says why resigning from microsoft's board could be good news for the dow components's shareholders. take another look at futures. we're back on "squawk on the street" after this. what if there was a credit card where the reward was that new car smell and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com who don't have electricity 400 million people and i just figured that it's time i do something about it. what we're doing right now, along with ibm, is to actually transfer data through a satellite from our wind farms directly onto the cloud. i think we could create a far more efficient system across the whole network where we could actually draw down different kinds of energy based on when it's needed by the consumer. a smarter energy system is ma

steve ballmer has resigned from microsoft's board. the end of a career at the world's largest software maker that lasted more than three decades. remains microsoft's top individual shareholder. apple stock closed at an all-time high in u.s. trading yesterday. shares rose past $100 as investors looked ahead to new products such as iphones with bigger screens and a wristwatch. analysts are forecasting record sales for the next batch of iphones. carlsberg cut its full-year earnings down, looking at mounting difficulties in eastern europe. russia's biggest brewer said operating profits will rise in the low to mid single digits. consumer spending in russia is being squeezed as inflation accelerates amid a drop in the ruble. toing up, glencore prepares buy back $1 billion worth of shares. more on that after the break. ♪ a shareore announced buyback of $1 billion. let's bring in more. jessie is here. investors reacting to the buyback. >> positively, marginally positive. the stock was up about 1% when i last checked. a stark contrast to what h

he resigned from microsoft's board o board of directors. he's too busy to sit on the board. he's the proud owner of the clipper's basketball team. he bought it for $2 billion plans to get heavily involved with operations. he resigned from microsoft after 14 years, including ceo. >>> shares of apple claimed to $105.53. that's a record close. how can that be? the stock's all time high was $702.10 in 2012, and that's the equivalent of $10.30 in today's adjusted terms. you remember that apple stock split 7 for 1 in john, and the split was to make apple stock more affordable to more people, and it seems to have worked. >> . >> today, the beverage company, honest tea released the results of their annual poll. but a more fascinating story, how seth golden built a home business out of his maryland kitchen into the tea company. if you were there when it was created in 2008, you probably would have bet against it. i know i can. emergency a billion-dollar beverage market overflowing with options, and let's make it tougher with only organic and fair trade options. that's exactly what the

ballmer has resigned from the microsoft board just days after paying an nba record $2 billion for thelippers. "street smart" anchor trish regan spoke to him talking about his life after microsoft. >> when you think about what you're going to be doing over the next 12 to 24 months a

all kinds of headlines including google's ipo anniversary, steve ballmer's resignation from microsoft's boardthe l.a. clippers. investors must not forget about hewlett-packard, hpq. on the move, but a very nice performer over the past couple of years. i'd say a year and a half, right nicole? >> that's right. this year up 25%. meg whitman comes on board to hewlett-packard in the midst of a turnaround and says hold your horses, we're not going to be through the turnaround until 2016. here's a look right where it trades. down 1%. as i noted, a winner of 25.5% this year, year to date. and what is everybody looking for here after the bell? it's not just pc's and printing. they have high margin consulting business. they have data storage equipment. so it's computer servers for corporations, that's what the analysts are going to be looking at here for hewlett-packard. i have to tell you, ubs put out a note recently and said they would actually pick hewlett-packard over ibm, if you were interested in one or the other. that's the one. they're look at how much cash is generated? of course in 4:00 p.m.,

. >>> next up is microsoft, steve ballmer has resigned from microsoft's board, the announcement comes after he made a headline grabbing debut as the new owner of the l.a. clippers, guy, if case you missed it. >> oh, there it is. >> it looks like he'll be taking them to the nbc. >> it's so awkward. it's so troubling. it is, there got to be people in the crowd saying who is this? >> that's got to be polite. >> chris paul has to be saying, you got to get me in the mix. >> chris paul is a point guard, sar remarks in case you were wondering. >> i was. >> he hit a home run in '07. >> that's right. >> we talked about it getting ahead of itself. i thought it would trade back down to 41. it didn't. i think it got to 42 and a quarter so a couple weeks ago now it feels like it wants to make the next short to $50 rick talks about. it's hard to dismiss what they have done the last couple quarters. it's hard to fade the stock. >> the new ceo scott na della who already made his mark on this company is reforming. >> you have a couple things going on here, obviously, their new windows. have you the up

former has resigned -- steve ballmer has resigned from microsoft's board. marks the end of a career with the world's largest software maker that lasted more than three decades. he remains the top individual shareholder. apple stock closed at an all-time high in the u.s. trading on tuesday. shares rose to $100.53 as investors looked ahead to new products. analysts are forecasting record sales for the next batch of iphones. glencore has announced a share buyback of up to a billion dollars over the next six months . the mining giant announced first-half adjusted half it that beat analysts estimates. for a bloomberg exclusive interview, jonathan ferro is in germany where he is mixing with the brightest minds in the world of economics. he joins us now with a guest. what is going on? >> thank you very much. i do not have to give this man intro. everybody knows who he is, it is joseph stiglitz. professor, thank you for joining us this morning. since 2012, we look at market spreads have collapsed. now you seem to have the eurozone in a race to recession. italy back

homer --lmer -- steve steve ballmer has resigned from microsoft's board.vidual shareholder. formers hired a political advisor for president obama. help moved -- ploufe will cope with the regulatory hurdles and opposition from cabbies around the world. >> the way i like to think about it is, uber is running a political candidate -- campaign and the candidate is uber. i am lucky enough to have partnered with the best campaign manager in the world. >> he is a computer -- contributor to bloomberg tv, but plans to resign by the time he starts with uber. been shunned by balfour beatty. there was more is caroline hyde. what when wrong? the third time. >> the third time is not so lucky to read they are raising their risks. put out a long statement that said, you want to wind it down u.k. construction. just at the time when structuring is ramping up. -- construction is ramping up. they say it is not the time to reduce that. balfour beatty has not managed to harvest the growth potential we see in the united kingdom. down more than 50% in the first half of the year.

steve ballmer has quit microsoft board.fter his departure sco pulls him he was the -- he was connected -- after as ceo.rture a large secondary investment of about 200 million dollars for spacex. it's a private -- the first private rocket maker to deliver international cargo to the space age and. and some privacy watchdogs have set their sights on google. among the list of concerns, allowing advertisers to target children. >> our mark halperin will interview paul ryan in the 10:00 hour this morning. the way forward might be to read .yan mark halperin is the director of politics. i love chapter six of "the way forward." .impler, smaller, smarter that is a republican plea, and the? >> paul ryan is one of the leaders of the republican party. this is a real book in terms of most campaign books. this is not just a biography. this is what he thinks is the past -- the path forward. >> how is it different from hope and audacity? >> ryan has a very fundamental view of what the country should do. it's a pretty orthodox view. the ideas

microsoft? >> i am on the board. the board is doing some important work right now.oundation is the biggest part of my time, but then i put part-time work in to help as a board member. >> are you involved at all -- or how involved are you with the search for the new chief executive? >> the board is working on that. there is nothing new to say. >> we had the fortune of having the mayor come back to this company, and we are happy to have him back at bloomberg. bill, has that ever hit your vision in the future of ever going back to microsoft full- time? >> well, my full-time work will be the foundation for the rest of my life. my wife, melinda, and i are enjoying that. i get to do it in depth. i am not going to change that. i will help out part-time. >> mike, tell me how you think. in the 12 years you have been in public office, technology, the industry itself has changed dramatically. new pioneers that follow in the footsteps of bill gates, give me your take on the state of technology. >> technology is an enabler. it is a tool. i think the basics really haven't changed

this morning steve ballmer is stepping down from microsoft's own board of directors. s. he recently purchased the team for 2 billion dollars. >>:ballmer, was one of microsoft's he eventually succeeded bill >>:forbes has released it's list of the most valuable n-f-l teams. the 49ers come in at number nine. the team is valued at one point six billion dollars.with a 20- 13 revenue of 270-million. the raiders on the other hand were number 28 on the list valued at 970 million dollars. the team has recently been exploring opportunities to leave the number one team on the list.the dallas cowboys valued at three point two billion dollars. "n-spired" natural foods is voluntarily recalling several lots of peanut butter, almond butter and other nut butters. >>:there is concern that there could be salmonella contamination. the list includes specific private label nut butters sold under the trader joe's, whole foods, kroger and safeway brands. you can get the complete list at f-d-a dot gov. customers are asked to throw away the affected products and call nspired natural foods for a

boards don't run companies. >> heelys at opportunity to make other changes that he felt would streamline and make microsoft betterviously the board is supportive. that is why they put him in the job to run the company. i loved everything we were doing. satya nadella gets to develop his own vision and he gets articulated in his own time. as a board we can challenge him but he hasstions, our support and when he wants to speak on that he can. i think there are some fundamental things a company has to do for its future. he puts that under the umbrella of mobile first, clout first. to really do that requires skills and cloud sales hardware technology and hardware sales. new places to go. he will describe how he wants to get there. >> where are you going to set during the games? ? ll you be courtside." >> i am definitely the kind of guy who will sit courtside. that is a number one thing we were joking about is where do you like to sit. i always said i like to sit under the basket. -- who owns the trail blazers sits under the basket. we will figure that out. problem toa good have. i'm looking forward to seeing you cheer

melissa: former microsoft ceo steve ballmer stepping down from the board. this is in a letter to the ceo where ballmer says he leaves microsoft and always will, adding he plans to hold onto his microsoft stock position as important for people out there for the foreseeable future. more on steve ballmer new position as an owner of the nba l.a. clippers. let's go to ashley webster on the floor the new york stock exchange. we're going to look at the stocks up 77 points on the dow. the unlikely pitch man becoming bigger than the slap chop, looking for a little help with his fashion, perhaps he should don shorts. and it turns out americans are more honest than ever, but do you believe me? do you ever have too much money? melissa: a long time breakfast faithful losing its flavor due to shifting tastes. following to record low, you can bet commodity traders are watching this one closely. at the cme, with more on this one. i was so surprised when i saw this report, americans have given up on orange juice, how come? >> it is a trend they can't the forefront about two

we used that opportunity to make changes that we felt would streamline and make microsoft better. obviously the boardsupportive. that's why we put him in the board. my actions as c.e.o. speak for themselves. i did what i did. i loved everything we were doing. he gets to develop his own vision and articulate it in his own time. as a board, we can challenge him and ask questions but he has our support and when he wants to speak on that, he can. i do think there are some fund mental things the company has got to do for its future. he puts that under the umbrella of mobile first cloud first and to really do that will require new skills and cloud sales, cloud technology, hardware sales, hardware technology, new places to go and satya will describe how ept he wants to get there. >> where are you going to sit during the games? the courtside? >> there is no question. i don't know what seats are available. we have great fans here at the clippers. they have bought a lot of those tickets. it was the number one thing we were joking around with the coaches and the players, where do you like to sit? i always thoug

. >>> former microsoft ceo steve ballmer is stepping down from the company's board.evote more of his time to the los angeles clippers. he bought the nba franchise for a record $2 billion last week. ballmer is the largest individual shareholder of microsoft stock. >>> and parking attendants, beware. big brother is watching you. ♪ taking a joyride like the two valets in "ferris bueller's day off" won't be possible in the new 2015 corvette. general motors is installing a feature called valet mode which records video, audio and speed data when the owner hands over the keys. anne-marie, i would love to see what happens when other pricey cars get valeted. >> yeah, indeed. i can't wait to see that video. and just so everyone knows, we know that "ferris bueller's day off," it was yot a conot a corv. it was a ferrari. >> we don't want those nasty e-mails. >> don't tweet us and all that stuff. we know. thanks a lot, wendy. >>> in sports, the most talked-about player at the little league world series takes the field today. mo'ne davis will throw her 70-mile-per-hour fastball ag

the long-time chief executive of microsoft and new owner of the nba's clippers has resigned from the board of the legendary tech company. this ends a 33-year career with the world's largest software maker where he was one of the original employees hired by bill gates. he is still the largest individual shareholder at microsoft. >>> still ahead on the ten-year anniversary of google's going public, its shares are up more than 1300% is the stock still worth buying? >>> a milestone birthday for google today. it sold stock to the public ten years ago. on this special occasion, the company is reportedly going after a new demographic, kids. it is planning to offer g mail and accounts. parents will have control. >>> google bought out youtube and we know google from the online search business which many of us use every day but the footprint is a lot larger than online searches. josh lipton how google has become in our lives. >> reporter: when you think of search, you think of google. >> i use google for everything. >> google docs. >> the drive and google documents. >> almost all the things are comi

microsoft ceo steve balmer. it's a sale already approved by the nba board of governors. attorneys for former owner donald sterling have sought an emergency order to try to stop the sale by his wife shelly but an appeals court refused to act on that request. >>> right now, there's a threat of homophobic demonstrations outside headquarters of some bay area tech companies. westboro baptist church blames the world's ills on tolerance for homosexuals. supposedly members are going to protest in front of facebook, google and other tech giants. however, in the past, the group has announced plans to protest and got publicity without showing up. >>> hollister police are trying to find a woman named vanessa flor his and the man who allegedly kidnapped her. betty yu reports that flores' friend is dead and she is probably in a lot of danger. >> it's hard. >> reporter: ybarra last saw her daughter 10 days ago. the 20-year-old was studying to become a medical assistant and was a cashier at kmart. on august 1 sheaf left the home to help -- she left the home to help a friend move. later

microsoft. steve ballmer resigning from the company's board eight months after stepping down as ceo. n three decades of direct involvement. ballmer still remains microsoft's top individual shareholder. 30 seconds after in an exclusive phone interview and he said, i still want to remain a really strong shareholder at microsoft and i am committed to that. i have so much other stuff going on in my life right now, it is a lot to balance. this is the guy who just bought the clippers for $2 billion. he will make that investment pay off. >> he will be a great manager. number six is petsmart. the retailer exploring a possible sale of the company as well as other options. this comes amid ongoing -- petmart says it just bought 364 $130 million for on the channel capabilities. number five is lows. the retailer beating estimates in the second quarter but a full-year sales forecast. strong quarterly results and it raised its earnings forecast. >> a move on to number four. apple shares surging, a split-adjusted record hit in 2012. tweet that all of the chips are still on the table. the stock is up

microsoft. steve ballmer is the new owner. the nba board of governors had previously approved the sale of the team to ballmer. donald sterling was banned by the nba after making racist remarks on a secret recording. >>> it's a ridesharing rivalry. lyft and uber are accusing each other of booking and canceling thousands of rides. lyft claims drivers and recruiters have booked and canceled more than 5,000 rides since october. uber is saying lyft has cancelled 13,000 rides. lyft is valued at around $950 million. >> it's been kind of mild outside compared to the heat we've had. >> june, july, we had the triple digit days. and now it's supposed to be the hottest. i'm just saying, it's driving us crazy back there. it is cloudy. it is cooler. we'll talk more about fog's impact in tomorrow and where it's going to be the coldest in a few minutes. >> the giants challenged offense back at at and t park, facing one of baseball's top starters. and the raiders get down and dirty with the cowboys. must-see skirmish video coming up in sports. >>> it's the

former microsoft chief steve balmer is now the new opener. the n.b.a. board of governors approved the sale. donald sterling tried to block the deal put together by his wix. donald sterling was forced out of the n.b.a. after making racist statements. coming up on al jazeera america, a poster causing controversy. it's mapt to deter -- meant to deter alcohol abuse. some say it blames rape victims. details next. >> it's legal but on the rides. american companies claiming foreign headquarters and avoiding high u.s. tax rates. we explore this. that is life at the top of the hour. see you then. >>> you know you could be putting a harmful chemical in your mouth when you brush your teeth. tri-cosin is in colgate's toothpaste. it was removed from soap in 2011. it's used to fight plaque and given ga vit us but can be used to increase cancer. colgate said it is safe after testing. >>> an anti-alcohol poster in the u.k. is being criticised for blaming rape victims. >> a picture of the poster made by the national health service was tweeted reading one in three reported rap

board. then, we have the general manager of africa initiatives from microsoft and the general manager for microsoft africa initiatives. he has 30 years of experience in icp across four continents, having first read microsoft in 1992 and technical manager in south africa. since that time he is at many positions of the country, including chief operating officer for microsoft saudi arabia as well as director of strategic initiatives for the middle east and north africa based in istanbul, my home city. and fernando was once a race car driver. and finally, we have 79, the founder of a diversified tofu, group with diverse mint in africa, europe, north america, latin america and asia-pacific. the cochair of the african union world economic forum platform are investing in african agriculture known as pro-africa recently took over the chairmanship of the alliance for green revolution in africa from kofi anon. he and his wife financed the foundation which provides scholarships for over 42,000 african orphans. this is a great panel and again thank you very much for being with us. just a few words. our african

microsoft better. job,s why we put him in a to run the company. the ceo runs the company. if the boardt like the job the ceo is doing, the board can change the ceo. -- just like the ceo deserves board support, i'm here to support him. >> he did say he has every intention of keeping him on -- they have dealt with all of this controversy. >> he's doing great things down there in l.a.. i've covered steve homer for a long time. he's one of the rare ceos who has a great physical presence like some athletes. did he seem to be cognizant of the monkey boy image he has? looking at this -- there are all of these great moments from steve ballmer. he's going to be quite a cheerleader. i asked him where he is going to sit because that part of this whole thing. i asked if he's going to be courtside and he said i'm going to be there, i'm going to cheer. so we've got a lot of interesting things to look forward to on the sidelines. >> i hope to be on the side cheering against them. trish regan, great to have you on "bloomberg west." let's head to mark crumpton, also on "bloomberg west was covert look a

microsoft, steve ballmer, is the new owner. the $2 billion transaction between shelly sterling and ballmer seen here went through after an order by a california court. the nba boardf governors had previously approved the sale of the team to ballmer. the clippers' former owner, donald sterling, was banned by the league after making racist remarks that were caught on a secret recording. >>> a giant tribute to robin williams. that's next. >>> finally tonight, a live look at at&t park, where the giants will honor robin williams at tonight's game against the chicago white sox. williams was a long-time season ticket holder and a fixture at the games, and who could forget this one of a kind introduction before the giants' first playoff game in 2010? >> good evening, san francisco! are you ready? let's give it up for the 2010 -- >> williams firing up the crowd and the team. not only do the giants go on to win the game, they went on to win the team's first world series championship since moving to san francisco. and a big hug from lucille. memorable moments. our coverage continues on nightly news with brian williams. coming up next, making a difference. how robin williams

now that he's off the board, does this mean he's a net seller of microsoft stock? >> in likelihood. >> so we're going to see a sell down of significant stakes. is that what's really going on here? if you're on the board, you're going to have to disclose every time you want to sell. >> maybe he'll put in place some sort of -- you know, prescribed selling plan where you sell a number of shares every quarter. how long does that last? >> six months, eight months, i don't think it can go much longer than that. >> so we'll see. >>> in other corporate news, citigroup is reportedly claiming to sell its japanese retail banking ventures. another stock to watch this morning, now i have $3. i have a hamster, a beta fish, i have other -- the company announcing it's going to explore a potential sale. you go in thereabout, you can't believe the bill. the pets flyer retailers is great where you have, you know, z 400 million -- >> i also have no pets. >> from activist investors janet partner. but you go -- seriously, you don't ever get out of there for less than $30. if you buy some

microsoft. dow component widely held. the former ceo steve ballmer who stepped down as ceo now retiring from the tech giant's board after 14 years. mr. ballmer says he plans to devote more time to other projects. that would be the los angeles clippers, which he just bought for $2 billion. stock reaction is not exactly what you want to see when you leave a company. you don't want the stock to jump. it is up about two-thirds of a percent, we have more on the story later. >>> and we are within 80 points of reaching dow 17,000 again. all the major indices are solidly higher. a good day for the bulls and for anybody who's got a 401(k) that has a lot of stock here. the dow and s&p are on track for sixth gain out of eight sessions. the nasdaq, the shining star here up for the fifth straight trading day. the longest streak hitting 14-year highs day after day. look at the russell 2000, up a third of a percent, that's enough to say it's brushing up around it's breakeven point for the year 2014. transports not as big a gain at this hour today than yesterday. it's up about 14 points standing at 8,420. why the gains? a big reason, a re

board to spend more time on his new job. owner of the l.a. clippers. he's been with microsoft4 years and still the biggest individual shareholder a 4% stake woerth abouts 150 $15 bil. we will miss moments like this. >> developer, developers, developers, developers, developers! developers, developers, yes! >> now it's not about developers. it's mobile first. it's cloud first. in this statement, supporting the strategy. how much of a leash does this give nadella going forward? >> still has bill gates around. a big deal. i'm a fan of steve ballmer. we'll get to see him chanting, just in a differ kind of arena. i think the guy is underrated in a lot of ways. yes, microsoft had its problems. miss add number of things under his watch, but not all his fault and he absolutely gave his all to that company. >> one thing we can be confident about is, this had nothing to do with him being a busy guy. even though he is. >> his strategy, effective, no, that's not working. you're ot. soughti i sought soughtisatya, take over. >> exactly six months after nadella took the helm of the company. n

board. then, we have the general manager of africa initiatives from microsoft and the general manager for microsoft africa initiatives. he has 30 years of experience in icp across four continents, having first read microsoft in 1992 and technical manager in south africa. since that time he is at many positions of the country, including chief operating officer for microsoft saudi arabia as well as director of strategic initiatives for the middle east and north africa based in istanbul, my home city. and fernando was once a race car driver. and finally, we have 79, the founder of a diversified tofu, group with diverse mint in africa, europe, north america, latin america and asia-pacific. the cochair of the african union world economic forum platform are investing in african agriculture known as pro-africa recently took over the chairmanship of the alliance for green revolution in africa from kofi anon. he and his wife financed the foundation which provides scholarships for over 42,000 african orphans. this is a great panel and again thank you very much for being with us. just a few words. our african

microsoft. that's where google came from. i remember hearing about google from kleiner perkins. they were on the boardthere was no google. there was yahoo! and excite and there were all the search engines. the notion that there could be something else entirely to replace what we use google for cannot be discounted given the pace of technological change. that is what google is trying to prevent by going into every conceivable direction to see what people will be doing in the future. it may be something entirely new 15 years from now. from robertation murdoch was interesting because you also have to talk about the losers. when you go from a $10 billion market cap to 400, there is a loser in their. the biggest loser in the last 10 years has been newspapers. if you are to give a statistician the revenue subscriptions from newspapers which have fallen about 2/3 and gave him the revenues of google and did not tell them what they were, he would tell you with a high degree of confidence that those two flows are highly correlated. mediambest thing the old industry ever did including rupert murdoch was let goog

board. then we have fernando de sousa, general manager for african initiatives microsoft.has 30 years of experience across four continents having first joined microsoft in 1992 as a technical manager in south africa. since that time he has many positions with the company including chief operating officer for microsoft saudi arabia, as well as director of strategic initiatives for the middle eastern and north african based in istanbul. which is my home city. fernando is from mozambique and he was once a racecar driver. maybe you could tell us all a bit more about that towards the end. and, finally, we have strive masiyiwa, chairman and founder of econet wireless astride is a gem and founder of econet wireless, a diversified group with operations in its essence and after, europe, north america, latin america and the asia-pacific. he co-chairs the african union platform for investment in african agriculture, known as grow africa and briefly took over the chairmanship of the alliance for a community solution in africa from former secretary-general kofi annan. he and his wife f

microsoft announced it was buying nokia's smartphone business last fall. the >>:and, it hasn't paid royalties since then. samsung has not commented on the >> mark:more americans are getting on boardiving cars. >> mark:a new study from the university of michigan shows, 56 percent of americans think positively about vehicles without a driver. >> mark:they see them leading to fewer crashes, decreased emissions and lower insurance rates. >> mark:29 percent of those surveyed hadn't even heard of self-driving cars. yet it's not far from becoming reality. >> mark:and 11 percent said they would not be concerned about riding in a self-driving vehicle. >> darya:the top stories on kron 4 dot com right now: a bear cub who suffered third degree burns in a washington state wildfire is now being treated. >> darya:a washington man found the bear while sifting through debris of his destroyed home. to find out how the bear is being treated.visit kron 4 dot com. >> mark:after a two year term.one minnesota five year old's stint as mayor is over. >> mark:bobby tufts presided over a tiny tourist town with a population between nine and 28 people. >> mark:he has been succeeded by a 16-year-old. >> mark:

microsoft and he just sent $2 billion for the l.a. clippers. now ballmer can spend more time hyping up the crowd and not yelling at board members like you see here. >> do we have any clipper fans here? i can't hear you! we are going to be hard-core. hard-core! bill: we want to play for you, ballmer. emremain microsoft's largest individual shareholders. he owns 300 million shares of microsoft. heather: mitt romney weighing in on how president obama is doing. he accurately predicted a few blunders on the campaign trail in 2012 and now says the results of his mistakes and errors in my opinion have been more severe than even i would have predicted. alan colmes, a fox news contributor and brad blake man. i expect you to be just as animated as that clip we just saw. let's start with a accumulation of the things mitt romney said on the campaign trail. let's talk about iraq. romney warned obama's rail our to secure an agreement for a residual force to secure u.s. gains now we are seeing what happened there. >> it wasn't obama's fault we couldn't get a security agreement. they didn't want us there, we were occupiers. bush tried to get the agreement and i