. >> mitsubishi motors w production japanes 1,500 workers can plant's work force and local community. the bus maker is produce compact cars for a german car maker bmw. mitsubishi will stop production instead shift its focus to thailand, china and other emerging markets. it left behind an unwelcome legacy, salt drenched land up with an approach to remove the salt from the soil. their efforts have led to an unexpected flowers are a natepoll -- pollenate the flowe artificially. a year later they went back to check the ruts. they found the gradually returning to the way it was before the to save the flowers. following the tsunami. last year it was kill off the plants that students from the agricultural high school to begin researching ways to students placed their h bubbles are known to be effective for studentse condition ofmicrobubbleary needed. would >> reporter: the students have begun using this method to reas bed. fforts have unexpected national wers are a s nhk world's tell us was it >> apply this to but they didn't have theings like trial yes, they water prize. the award ceremon r

executives at mitsubishi hope to use the facility as the a platform for the russian market. the global financial crisis stemming from the collapse oflyman brothers, triggered a plunge in russian car sales in 2009. dealers sold 1.5 million units ahalf the year before. the sector has shown strong signs of recovery. salesmen sold 2.6 million cars last year. >>> japan is one of the most indebted nations in the world so it faces a pressing need to improve its fiscal health. one way to cushion the nation's coffers ties raise taxes. lawmakers in the lower house of the dias would raise consumption tax from 5%. if enacted it will reach 8% by 2014. and 10% by 2015. our business reporter, spoke with the chief economist for a securities company in japan to get her views. >> japan's credibility as a borrower was recently downgraded by a major ratings agency, how will a raise in consumption tax improve or affect japan's ability to borrow. >> i think the decision of the consumption tax hike in 2014, the gdp has reduced considerably. as the the rating agency has announced they were going to

executives at mitsubishi hopes to use the facility as a platform for the russian market. the global financial crisis stemming from the collapse of lehman brothers triggered a plunge in russian car sales in 2009. dealers only sold about 1.5 million cars, which is about half of what they did the year before. the sector has shown strong signs of recovery, though. salesmen sold about 2.6 million cars last year. >>> well, investors around the world were taking a wait and see attitude on wednesday because the u.s. markets were closed for independence day. and european markets ended lower ahead of thursday's policy meetings at the european central bank and the bank of england. let's get details of how stocks are trading this thursday morning here in japan. for that we're going to ramin mellegard at the tokyo stock exchange. good morning to you. pretty thin trading conditions with the u.s. on holiday on wednesday. how are stocks trading today? >> good morning to you. in the absence of the u.s. markets, most of the focus was on the european markets. and a lot of focus on energy-re

times their initialutives at mitsubishi use the market stf triggered aussian car sales. 1.5 mi about half of the year the sector signs of though.smen sold about 2.6 million investors around taking a wait attitude on wednesday were close independence day. ended ahead of policyuropean central ba bank of details of are tra morning here inre going to mellegard at prettyditions the u.s. on he stockstoday? >> in the u.s. focus was european lot oftocks which throughout the week the sector also resignationceo. nikkei topix are kic thursday, ju and both ind the nik9,000 at nikkei higher for two a row.ocus today autos. data fes for thes fis well as earnings for operator chain focus on as branch managahead of the key meeting next a lot of there on how the going to combat deflation here also what its to be for rema a lot ofocus there onhere. also cment data by the bank of j showed an improveme level in so some of the we're going to nergy relatedwell. wti, dropping a let's not around 4% so continued volatility there. an now, let's currrse in how currently the dollar/yen >> w automakers this morni

authorized the general manager to enter into separate agreements with union bank and the bank of tokyo mitsubishi as the lowest cost, responsive, and responsible bidders to provide credit to secure the 2002 proposition e for the waste water enterprise. the agreement provides $150 million in available credit with annual costs not to exceed $1 million for the duration of three years. should be selected banks be unable to meet contract requirements, the general manager is further authorized to select the next lowest cost better. >> as a reminder, the sfpuc has a commercial program for waste water enterprise that serves as the financing option. the first item proposes new dealer agreements with four firms to serve as dealers for the waste water commercial paper. these new agreements are meant to replace the ones expiring next month. we will market our paper to investors at the lowest cost possible. the second item proposes a three-year agreement to support the recently increased waste water commercial paper program. these agreements to serve as a security pledge to the investors in our commercial pap

. >> reporter: renesas after nec merged the semiconductor unit with mitsubishi electric. they are focused on building lsi chips used in devices such as mobile phones and microcontrollers for cars and home electronics. then came last year's earthquake and tsunami. and floods in thailand prompted automakers to diversify their suppliers. in the end, renesas post a loss of $90 million in the term through march. in a bid to revitalize its business, renesas signed an agreement in may to outsource production to taiwan's tsmc and jointly develop products with them. but that wasn't enough. the firm now has to stream line its operations by consolidating plants and cutting jobs. in exchange the four main creditors and three major electronic manufacturing shareholders reportedly agreed to give financial support, totalling more than $1 billion. >>> nhk world reporter has been following the story. it, too, suffered from the earthquake and tsunami but what are other factors that affected renesas' decline. >> the main reason is electronic makers couldn't reach the global market. renesas

mitsubishi heavy industries in september. sony in october. at&t in november. chamber of commerce in december. salesman tech in january. nissan of april of 2012. visa and mastercard april of 2012. when you look at this you look at these companies the first thing you say these are some really good companies. what's goi on? some of ese are the best in our nation. why are they being hacked? let me explain. they're the ones that know they're being hacked. your experience is when we look intthat when fbi and others look into it they find out that there are more than 100 companies for every one that knows they've been hacked that doesn't know they've been hacked. that's significant. in fact, in my opinion it's the greatest transfer of wealth in history. symantec placed the cost of i.d. theft at $250 billion a year. global cyber crime at $114 billion annually. $388 billion when you factor in down time and mcafee estimates that $1 trillion was spent globally under remediation. that's our future disappearing in front of us. so let me put this in context, if i could. we

bank of america, citibank, japan bank of tokyo, mitsubishi, and libor is an average of bank interest rates and benchmark for other rates including those for housing loans. it underpins trillions in transactions. some of the world's biggest financial firms have been caught up in the rigging scandal. barclay's was ordered to pay $400 million in fines for manipulating libor. >>> internal affairs ministry spokesperson says the adjusted rate in june stood up 4.3%. number of people without jobs was over 2.8 million. people with jobs stood at more than 63 million. the people of the labor ministry say, job availability rose for a 13th straight month. 82 positions available for every 100 job-seekers. spokespersons for the labor ministry say reconstruction projects in fukushima are improving in the prefectu. >>> with the jobs rate rising so is spending. spending market year on year increased for the fifth straight month. japan's internal affairs ministry says households of two or more people spent an average off bout $3,400 in june, up 1.6% from the previous year in yen terms. a large part of

the 2012 mitsubishi car has rear wheel drive, speed sensitive steering and gets about 126 miles a gallonsign of the times on the sidewalks of the big apple. the city now has a plan to start turning some old pay phone booths into wi-fi hot spots. the wi-fi will be available around the clock for free. >>> the new pitted head sunglasses can turn anyone into an amateur spy. the glasses conceal a hidden microphone and hd camera allowing wearers to capture both videos and still. ed baig tried out a pair. >> the video quality was really very, very goods. i was very impressed with the video and default settings. >> reporter: they sell for about $350. those are your techbytes, aim rob nell -- i'm rob nelson. >>> southeast texas is getting soaked this morning. heavy rain caused flash flooding in bay city. now some streets are underwater right now. the downpours cooled off some only the heat but more showers are expected later on today. i guess the cooldown is good news but not thickened of -- not that kind of rain. >> exactly and they're still getting the rain and that's courtesy of the stationary

the 2012 mitsubishi car has rear wheel drive and gets about 1 23 miles to the gallon.imes on the sidewalks of the big apple. the old pay phone booths will be turned into wi-fi hot spots available around the clock for free. >> and amateur spy glasses allowing wear torse capture video and we tried out a pair. >> the video quality was very, very good. it is a full 1080 t quality hd video. i was very impressed with the settings. >> they sell for $350 those are your "tech bytes." i'm rob nelson. >> goes to -- [applause] >> tim tebow. >> the fans have spoken. the best moment in sports this past year was tim tebow's game-winning t.d. pass to demaryius tomas in overtime of the denver broncos playoff game against pittsburgh. you remember twitter nearly blew up in the aftermath. >> you can see rg3 up there. they were the winners at the espys. including lebron james for best male athlete and britney grimer as best female athlete. >> so lin-sanity and tebow mania were alive and well there. >> hello. the all-star game is now in the history books and the nationals are gearing up for

among them mitsubishi motors posted a 22% increase in profits, in operating profits. and despite slight fall in sales. the automaker fought the strong end by cutting back exports by 13% from the same period last year mainly to european countries where the euro is weakening and profits are shrinking. mitsubishi had four year profit outlook after writing off european car plant but operating profit is expected to rise 25% year-on-year. meanwhile nippon steel had an operating loss. nippon steel's exports. domestic sales were sluggic as reconstruction demand in quake hit areas were slow. so the steel maker will not be paying out dividends in september. and investors will have to wait until october for full year projection. that's when it measures with metal industries. back to you. >> now let's take a quick look on what's on the agenda in asia tomorrow. japan will post july household and spending data. honda and mazda will report april to june quarter earnings. >> timothy geithner met with his counter part this afternoon. they will discuss u.s. and european and global econ

on monday we'll watch for mitsubishi motors and sumitomo earnings. hk's hang seng bang reports and japan's june industrial output data report. >> keep it coming. also still to come up with caught up with the mayor of london and how prepared the city is for the games. >> we'll be right back. >>> >>> we're just hours away from the lighting of the olympic flame at the opening ceremonies in london tonight. earlier we asked who do you think should light the torch, who would you pick to light fit you were in charge. chris has tweeted us. it will be david beckham but should be bob geldof. big name here in london. in any case david beckham is responsible for bringing the torch to london in the first place. betting houses around london have odds on otherathletes. we'll see who do you think should do it. leapt us know e-mail us at worldwide@cnbc.com. tweet us at cnbcwex.com. or of course reach us directly at kelly evans. >> boris johnson the london mayor has been talking about how prepared the city is. >> london is as ready as any city has ever been in the his

the people of mitsubishi our neighbors. dave cozzens, friends, and brothers of the people of nissan working. they were telling stories about the loss of the identity. when people think their identity is not being respected, nothing will happen. the respect of identity is essential. when you answer this, there is no limit to what you can do. >> why were you able to do it and armor was not -- dai mler was not? we said what the principles work and start to that in terms of behavior all the time. let me give you an example. i would never make a decision whether is no win-win between the team -- to companies -- two cos. you do not say today renault winds and tomorrow -- he did not say today renault wins and nissan loses. you cannot say tomorrow nissan winds and renault loses. people do not remember when they win. they remember when they lose. then you have grievances where people think it has been a handicap. not giving people any reason to remember the negative stuff has been one of the basic elements. you need to be strong. yo

the police say the man took off had in his car, late '90s, 2,000 sedan, a mitsubishi with visible damagen the back. the girl thankfully okay. the family is traumatized. they're using social media in philadelphia to try to find this guy. you heard from the mayor. he means it. jamie: they will find him. bill: let's hope. jamie: terrible, terrible. bill: 22 minutes before the hour. we want a quick check of markets. jobs report, investors talking about that. we're up 33 points. you wonder why. we're bumping up against 13,000 on the dow. it is earnings season and a lot of companies are turning in frankly decent numbers. not all of them but a lot of them. that is the reason why your 401(k) is bit better and has been for the past couple weeks. we'll keep an eye out, up 34 points. jamie: 34? sounds good to me. meantime president obama said if you are a success, someone helped you. why michael barone says the president believes success a gift given to you by the government. bill: also he is talking in his first exclusive interview. george zimmerman talks to sean hannity exclusively. what he says

mitsubishi heavy industries in september, sony in october, a, t in november, visa, chamber of commerce in december. symantec in january, nissan in april of 2012, visa and mastercard, april of 2012. and when you look at this, you look at these companies, the first thing you've got to say, these are some really good companies. what's going on? you know, is some of these are the best in our station. why are they being hacked? let me explain. they're the ones that know they're being hacked. our experience is when we look into that, when fbi and others look into it, they find out there are more than 100 companies for every one that knows they've been hacked that doesn't know they've been hacked. that's significant. in fact, in my opinion, it's the greatest transfer of wealth in history. symantec placed the cost of i.t. theft to united states companies at $250 billion a year. global cyber crime at $114 billion annually, 338 billion when you factor in down time. and mcafee estimates that one trillion was spent globally on remediation. and that's our future disappearing in front of us. so let

california highway patrol says the spill was from a small mitsubishi car. firefighters cleaned up that spill and the car was towed away. >>> an oakland man recovering after being shot while leaving a liquor store overnight. the shooting reported around 11:30 last night near 10th street. the victim was hit in the foot. he told police he was heading to his car when he was shot. he did manage to drive himself to the hospital and no arrests have been made. >>> san francisco police looking for the gunman who shot a teenager. the 17-year-old victim was hit yesterday night while standing with a relative at the corner of san bruno avenue and sultan street. he was shot in the chest and his condition unknown at this time. police aren't sure whether the teen was the intended target. >>> a suspicious suitcase that shut down part of a neighborhood in san jose turned out to be harmless. the suitcase was found near a bench in the plaza of a shopping center on lincoln avenue yesterday afternoon. police evacuated shops and blocked off the street to traffic while the bomb sq

mitsubishi, heavy industries in september. sony in october. at&t in november. chamber of commerce in december. semantec in january. nissan in april of 2012. visa and mastercard in april of 2012. when you look at this, these companies, you have to say, these are some good companies. what is going on? these and some of the best of our nation. why are they being hacked? let me explain. they are the ones who know they are being hacked. our experience is that when we look into it, when fbi and others look into it, there are more than 100 companies for each one that know they have been hacked to that is not know they have been hacked. that is significant. in my opinion, it is the greatest transfer of wealth in history. semantec placed the cost of i.p. theft to united states companies at $250 billion a year. global cyber crime is 114 billion -- a billion dollars annually. -- $114 billion annually. $1 trillion was so bent on remediation. that is our future disappearing in front of us. let me put this in context. we have this tremendous opportunity with the devices we a

stop looking like that high school who really wants to show me the sixth spoiler on on the mitsubishi done. >> approach tax in a very different way than in the past. the opposition people look for anything they can find to distort, twist and try to make negative. i want to make this a campaign about the economy and create jobs and they want to make this about a campaign of attacking people. >> this is going to be negative ads. how about spring cheese for stringing us

stop looking like that high school who really wants to show me the sixth spoiler on on the mitsubishitt romney you're done. >> approach tax in a very different way than in the past. the opposition people look for anything they can find to distort, twist and try to make negative. i want to make this a campaign about the economy and create jobs and they want to make this about a campaign of attacking people. >> this is going to be negative ads. how about spring cheese for stringing us all along instead of just showing us your tax return. although you would probably come up with a different pairing because of all the time you spent in france. [ whistling ] >> jennifer: thanks everyone good night. we're done. >>every day we've got to work as hard as we possibly can to make sure that we get that show on the air. >>60 seconds to air is brought