nec president endo said on thursday the planned job cuts include about 5,000 nec corporation employees and 5,000 at affiliated firms and sub contractors. endo went onto say the company had no option but to cut jobs. >> translator: we were hit hard by the floods in thailand, the march disaster and also the european debt crisis. we may face extreme difficulties if we don't take action now. >> nec is not alone in the electronics industry in bearing the brunt of the strong yen. and more intense competition from overseas. tdk, another leading electronics partsmaker announced last october that it would slash 11,000 jobs in its entire corporate group. tokyo electric power company may join forces with other electricity and gas utilities to get natural gas resources. the goal is to curb the higher costs in operating thermal power plants. tepco estimates that its fuel costs will rise by more than $10 billion in the current fiscal year through march. the increase stems from the suspension of its nuclear power plants following the accident at its fukushima daiichi power plant. tepco is considering

nec president said on thursday the planned job cuts include about 5,000 nec corporation employees and 5,000 at affiliate firms and some contractors. he went on to say the company had no option but to cut jobs. >> translator: we were hit hard by the floods in thailand, the march disaster and also the european debt crisis. we may face extreme difficulties if we don't take action now. >> nec is not alone in the electronics industry bearing the brunt of strong yen and more intensive competition for overseas. tdk another leading electronics parts maker announced it will slash 11,000 jobs in its entire corporate group. and here's some of the other news we're look at from around the world. the u.s. navy special forces carry out a daring rescue of two hostages. the american woman and danish man were held in somalia for three months. navy s.e.a.l.s whisked away the pair after an hour long gunfight with the hostage takers. president obama told leon panetta the seals had done a good job before his state of the union on tuesday. a seals commando team killed osama bin laden in his hideout in pakis

nec president endo said on thursday the planned job cuts include about 5,000 nec corporation employees and 5,000 at affiliated firms and subcontractors. endo went on to say the company had no option but to cut jobs. >> translator: we were hit hard by the floods in thailand, the march disaster and also the european debt crisis. we may face extreme difficulties if we don't take action now. >> nec is not alone in the electronics industry in bearing the brunt of the strong yen and more intense competition from overseas. tdk, another leading electronics partsmaker announced last october that it will slash 11,000 jobs in its entire corporate group. >>> tokyo electric power company may join forces with other electricity and gas utilities to get natural gas resources. the goal is to curb the higher costs in operating thermal power plants. tepco estimates that its fuel costs will rise by more than $10 billion in the current fiscal year through march. the increase stems from the suspension of its nuclear power plants following the accident at its fukushima daiichi plant. tepco is now considering

for example, one of the big companies, nec corporation, a japanese electronics maker, its shares were down 7% after the company issued profit warning on thursday and announced it would cut 10,000 jobs at nec. nina? >> pauline, staying with the technology sector, at a time when both nokia and research in motion are struggling to compete with ap nl the smart phone market, samsung it seems is surging. we saw record sales of the company's galaxy hand-held devices helping samsung to post fourth quarter earnings of some $3.6 billion. that is actually up about 17% only the same period of the previous year. however, the company didn't fair quite as well with its tvs and computer panel display businesses. this meant net income was actually for 2011 in total down by about 15% on 2010. samsung is going on the offensive this year with about $42 billion worth of investments in some of these products. but for the moment the future does look rather good for this south korean company, pauline. >> nina, those, were enough to take samsung's share price to an all-time high on this friday. that's a prett

children for the symptoms of scarlet fever which include a sandpaper brash, high fever, sore throat, and nec plans. if your child has any of the above conditions contact your doctor scene. it can be treated with antibiotics but if not it can lead to kidney disease in extreme cases. children should stay home during treatment. city health officials will be at the school tomorrow to meet with parents about the confirmed cases. >> we have a school closing for you tonight. grace elementary school will be closed to students because of a strong odor caused by work on pipes earlier this week. in hartford county,grace elementary close to students. will the hamilton post office close its doors for good? it is on a list of post office is being considered for closing. kai reed is life after area residents had their say tonight. >> we spent about half of an hour at this hamilton post office tonight. there was a constant stream of customers. many of them packed a church that pled with post office officials to keep this post office look at -- (>> we caught up with valerie on her third trip to the post offi

we had earnings from nintendo and nec last week, both posting losses and both ending the week sharply lower. so it is going to be a big focus earnings for japan. let's not forget in the u.s., earnings are going on and key data due out for the housing, manufacturing, and then that all important unemployment and jobs numbers friday. that's going to be a big focus. also, we may see the filing of an ipo, initial public offering for facebook this week, so we'll look for that as well. in europe, fitch rating agency downgraded the credit rating of spain, belgium and italy. that caused a little jit erin the currency markets. let's look at those. the euro fella touch after the news, but it has rebounded, currently 101.33-35 euro yen, and dollar yen holding at 76.73-76. ai? >> ramin, we have china's markets back after last week's lunar new year holidays. what should we be looking for this week. >> quite a lot of focus there. most of last week, a lot of indexes were closed, but this week we have the purchasing manager's index, manufacturing index, both by a private sector group, also looked at b

nec and nintendo sliding as a result because both companies forecast bigger losses. the hang seng 0.3% higher but still holding on to the key 20,000 level. we had some profit taking going on in some of the chinese insurers and property players this there. the kospi gains were limited, of course, by profit taking but samsung electronics earnings in focus, samsung electronics coming out to say record earnings for the fourth quarter as this chip business remains profitable. new zealand 50.04 higher. leading the way on strong commodity priceses and bombay sensex up. a lot of things to look into, ross. >>> okay, christine, thanks for that. remind you, of course, in half an hour's time the main cnbc debate kicks off here in davos. maria will be on stage with the finance ministers of spain, germany and, of course, france. talking about the future of the eurozone. this is something david cameron talked on in his speech to the congress. >> there are a number of features common to all successful currency unions, a central bank that can comprehensively stand behind the currency

party and social democratic component here intended to do that in the vendor ninety ninety one later nec shortly party congress but never took place because it was no longer a party to split. but that i think was a possible reform the other thing i think could have happened was the creation of a different kind of union certainly without the baltic republics they are going to jump in right here to go to a break and after that short break we'll continue our discussion on the one nine hundred ninety one coup attempt stay with r.t. . wealthy british style. market. gamble find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune into kaiser report on our. right to clean. what is much. more new sixty square kilometers of environmental devastation and those who are still surprisingly in line i'm finding are just there it's getting bad out here. but not saying hardly any birds squirrels you know. you know i don't know what's going on here. concrete monarchy. welcome back to crossfire i'm peter lavelle to remind you w

and lead the social democratic component here tended to do that in the vendor ninety ninety one later nec shortly party congress but that never took place because there was no longer a party to split. but that i think was a possible reform the other thing i think could have happened was the creation of a different kind of union certainly without the baltic republics they are going to jump in right here to go to a break and after that short break we'll continue our discussion on the one nine hundred ninety one coup attempt stay with r.t. . and. white stream cascading from mom's slopes the view is mesmerizing. but this beauty brings death and speed of more than one hundred kilometers per hour . step to have a long. wealthy british scientists are. lies. markets. come to. find out what's really happening to the global economy with max keiser for a no holds barred look at the global financial headlines tune into kinds a report on r g. and you can. talk about your cross talk on peter lavelle to remind you we're discussing the events of august ninety nine you want. to. go to you i mean archie br

we will look into whether nec's. >> the time is 6:40 and we check traffic every 10 minutes. >> doug hill> i like the warmer temperatures today. i suffer from seasonal affective disorder but if i get a little sunshine and warm temperatures everything is good in the world. if you like snow there may be something late tonight. let's look at the satellite imagery the rain is out of here. the sun will break out and we will get warmer temperatures, around 60 degrees maybe into the mid-60 paused briefly but that is temporary because things will change tonight with a cold front. temperatures around the region are moderate to start in the 40's. a little colder north and west of the metro area. with some sunshine, it won't take long to boost temperatures. we will break through the fog cover and we will be in the upper 50's to the upper 60's in many spots. all changes tonight with a cold front coming through and that will cause a brief wintry mix and maybe a light coating snow north and west of the city. you will wake up friday morning and it will be winter again. we'll take a more detailed look at

90 americans thought they should be part of the united states in their active conversations into an nec's those. america had the expansive view of what the united states might become. we would become really big or be the break up. it is important to keep in mind how it would turn out is no means predetermined. but into this situation weout find aaron burr. he came from a very distinguished family. not wealthy but distinguish.ame his president was president of what is now princeton new jersey. his grandfather president of the same college. his grandfather is a great theologian who told us we're all sinners in thepr hands of an angry god.was which is unsettling. burr as a teen-ager ran off to join the continental army and joined an expedition into canada in the dead of winter one of the most difficult expeditions in history and one great distinction. all the was small weightman he was extremely tough and hardy and had a real military disposition. was a age of 21, he colonel in the continental army. he commanded a regiment.l in and men who served with him for decades thereafter viewed him wi

we'll have a live report from iowa coming up nec. >>> and for the latest news, traffic and weather, howbout some good conversation to go with that? find us on facebook at nbc bay area. >>> the nnf . >>>the republican presidential race is hitting the first major milestone today. >> the iowa caucuses will be held tonight to kick off the decision on who will face president obama in the general election. tracie potts is live in des moines where several of the candidates have already predicted victory. good morning. >> reporter: good morning, everyone. mitt romney says he's going to win here, and then his people backtracked and said he's not talking about iowa. he said we're going to win and then we're going to win other states. it certainly sounded like he was talking about today's caucus. he's the front-runner, but really only by two points, which is within the margin of error. ron paul right on his tail. we were at one of his events here in des moines yesterday. huge crowd. they had to open up part of another room to accommodate the media and the undecided voters. two out of five. accordi

. >> we will take a question from on nec's. >> i want you to know, i have all bunch of mom's following my experience today. i will be writing about it in two different forums on cafemom. my husband and i are in the process of selling our home, but this is proving to be a very difficult task. i was wondering what you and your administration would do to try to repair the damage that has been done to the housing market. >> i get that question quite a bit. i have at least in my own mind somewhat of an unsatisfactory answer. i know a politician should not say that, but the housing market had a boom, and had a huge bubble, and it burst. what we saw was -- what happened in the housing front was what happened in the financial services from, government injected itself through fannie and freddie and other ways to try to soften the blow. and in softening the blow, as we've seen in the financial markets, we have to prolong the pain. we have stretched out this situation for a longer and longer time, and we still have not reached the point where we in a sense have hit bottom. and can accurately and

in the sort of track at through nec. it is inevitable that in a capitalist environment you may have real dynamos and begin to earn the money and you build it up. that's great and everyone in this country, including the people and occupy wall street say we want jobs, we want the american dream. we want the opportunity to make money and grow into all of this. nothing wrong with that. it is when the concentration becomes so great that it begins to mimic your leg and skewed the economy and skewed the market and reduce the opportunity for a broad base in this country that we begin to see damage. and today, the reason i think that it is so necessary to rely on us if there is a new piece of the puzzle and that is the 1910 or the gilded age, when corporations could be big and powerful and the stepford oil and rockefellers, when they made a lot of money, even if the balance were skewed, the money stayed circulated in this country. even if they were sorted influence in washington, getting things their way, we were still exchanging

mark had stepped off the curb nec's slid onto the sea. where to? >> just drive. he started to inch down madison avenue. he felt great fall he would have time to think. he turned to mart. what do we do? >> we need a lawyer. right now. house? walked into the lobby and scream out? referring to the firm famous a corporate law? >> no. criminal defense. call marty. people know what to do. his father-in-law was a retired senior litigator he represented spiro agnew and jackie kennedy. they were staying at the beekman tower hotel while the apartment was renovated. take us to 49th street. the cab turned left and he touched a number. what you doing right now? get her out of limassol's. make an excuse. get her out of their. markka and andrew grove the rest of the way in silence. each in his own world of the year. >> she said that kitchen ruth smokeless cigarette after another and bernie madoff had returned to the office. no embraces he said he had two march check's deposit and was going to go to the office in the morning to tell the traders. yes. after he left she sat there

they felt the back of the nec hot with anticipation. peter stood by the door. i talk to your father. it's bad. he wants to talk to you himself, he said. his stomach dropped. he knew that his uncle intended to put a positive spin on things. they pushed their chairs back and followed him on to the floor. the top two colleagues shouting orders at their desk. evan st of offices, a cluster of secretaries on a large conference room. the what seemed to take forever. when they arrived at the exhibit office and found him sitting behind his desk leaning back in his chair staring at a television set mountain of the ceiling. he didn't even acknowledge their arrival. they took the two chairs facing verney and sat on the couch next to his desk and for a few minutes before the the 04 of them sat in silence. i don't know where to start. his voice caught in his throat and tears in his eyes. he felt a river of alarm rise through his chest. he was studying bernie intensely. let's not do this at the main desk. let's move to the table in the corner. they gathered around the small c

it does not matter which nec is a slightly higher. which noses over the tape. whether this knows is a much behind. it does not change anything. host: rick perry is dropping out of the race today. according to political, endorsing newt gingrich. is that affected? guest: i think it will help newt gingrich. i think it will help consolidate the more conservative elements of the republican party around newt gingrich rather than rick santorum. i think that is what may emerge out of this south carolina primary. there is a wild card which is only beginning to surface as news. his second wife is about to hold a press conference. host: she was interviewed. currently, it looks like abc may have some excerpts from interview tonight, but then the awful thing on monday. guest: but whatever, that is a wild card right now because we do not know what she said. how much damage it may do with former speaker newt gingrich. but right now, it looks like south carolina is a two horse race. should newt gingrich be able to overcome romney's lead, we are likely to have a fairly long pri

you know, it does not matter which nec is slightly higher which knows is over the tape while the othernows is this much behind. you know, it doesn't chase that. >> okay. rick perry is dropping out of the race today and according to political he is endorsing newt gingrich. is that affecting? >> i think it will help meet gingrich. and it will help consolidate the more conservative elements of the republican party around gingrich whether that santorum. you know, i think that is what who may emerge out of this, you know, out of the south carolina primary. there is a wild card which is you know, only beginning to service news which is the second life as a lot to hold a press conference. >> she was injured the by abc's brian ross. >> right. >> predicting -- currently it looks like abc may have some excerpts from the interview tonight and then the full finger on monday, that's kind of the current -- >> well, but whenever, you know, that is a wild card right now because we don't know what she said and how much damage it may do to the former speaker. but right now it looks like south carolina i

first and foremost, nec have an environment for business growth. economic environment, public policies, technological infrastructure. i think also workforce needs to be prepared. we'll talk more about that later this afternoon. when a basic education that's critical of united dates indefinitely critical in dallas. we are working hard on that. definitely training programs. some of the things you heard secretary and other things. higher education, the role that plays to make sure we don't outsource their important jobs to folks overseas or folks coming from overseas here. lastly, a portfolio of workforce abilities. one job does not fit for everybody. we have to have a portfolio of solutions to make sure we make this work. i do believe we need an organizational catalyst in time to time. if disney and then we need that in the public sector as well. we need to make it easier for business in the workforce, not harder. we need knowledge and data to drive decisions that we need strategies as well as tactical programs we need to look at. in our case, workfo

the nec, and all of you who helped pull this together. well, i think we have -- greg, last words? all right. thank you. thank you very much. [applause] >> great, thanks, everybody. well, we have one final speaker who wanted a chance to come over and say thanks, so it's my pleasure to introduce her. now that i work in the white house and the government, i get a chance to see how things work on the policy side, and the next speaker you're about to hear from is who makes things happen for us on policy and ensures that all of our policies actually focus specifically on the folks it's intended to help, and small businesses are a big part of our portfolio, and with that, i'll introduce nancy, the deputy chief of staff for policy. [applause] >> i just want to tharng, again, all of the -- thank, again, all the business leaders, advocates, and officials who shared with us today to the president and vice president, your stories about bringing jobs to america. the president and vice president noted that america is the best place in the world to do business and create jobs, and after hearing

it does not matter which nec is a slightly higher. which noses over the tape.hether this knows is a much behind. it does not change anything. host: rick perry is dropping out of the race today. according to political, endorsing newt gingrich. is that affected? guest: i think it will help newt gingrich. i think it will help consolidate the more conservative elements of the republican party around newt gingrich rather than rick santorum. i think that is what may emerge out of this south carolina primary. there is a wild card which is only beginning to surface as news. his second wife is about to hold a press conference. host: she was interviewed. currently, it looks like abc may have some excerpts from interview tonight, but then the awful thing on monday. guest: but whatever, that is a wild card right now because we do not know what she said. how much damage it may do with former speaker newt gingrich. but right now, it looks like south carolina is a two horse race. should newt gingrich be able to overcome romney's lead, we are likely to have a fairly long prima