also in the mix, nokia shares. 13-year low yesterday, we should also mention that nokia gained very much in focus today is now down by about 5% in trading. andrew? >>> well here in asia, the big number came out of china. it was manufacturing data. and it showed that manufacturing activity expanded but at its slowest rate for something like three quarters. that's largely put down to inflation. some products are unaffordable for the population there. what does it mean for the index? virtually flat at the close on wednesday. remember, up 1.4% yesterday, that was the end of an 8-session losing streak. okay. we are going to take a short break and be back in just a moment. >>> welcome back. you are watching "world business today." a u.n. nuclear safety team concluded that japan underestimated the tsunami hazard for several of the nuclear power plants. the agency says that that left the fukushima daiichi facility overwhe overwhelmed. joining us with more is a cnn reporter live from tokyo. >> reporter: andrew, basically, t

. >>> the world's top mobile phonemaker nokia and u.s. computer giant apple have reached an agreement over a patent dispute. the dispute started two years ago when finland based nokia filed a complaint with a u.s. court against apple. nokia said apple's iphone infringed on its telecommunications technology patents. on tuesday, nokia said that apple agreed to a one-time payment plus regular royalties. the lump sum figure has not been disclosed but i.t. analysts believe nokia's royalties could cost apple over $120 million every three months. >>> and now let's get your recap of the latest market figures. that's all for business for this hour. back to catherine. >> thanks very much, ai. >>> the upcoming ministerial meeting of the international atomic energy agency will propose strengthening the body's functions to increase global nuclear safety. nhk obtained the draft of a neck declaration to be issued at a conference of ministers from iaea member countries that will open on monday in vienna. the document says an iaea team of nuclear experts

nokia and apple's patent fight may soon be over. nokia says it has agreed to settle the lawsuits for a one- time payment from apple and royalty payments in the future. the two have been fighting over the technology used in the iphone, which nokia claimed patent over. both stocks were up. nokia gained 2.5%. shares have been near 13-year lows recently. apple was up less than 2%. and that's tonight's "market focus." >> susie: while stocks gained ground today, charles schwab said its clients are nervous about putting money in the markets. the brokerage firm said its daily average client trades fell 23% from a year ago and were down 9% from april. the investment firm also noted more of its investors headed to the sidelines in may, pulling over $1 billion out of stock funds and parking almost $1.5 billion in money market funds. >> tom: this week's $2 billion buyout of shoe company timberland is just the latest involving a retailer. in the past year and a half, j- crew, gymboree and jo-ann fabrics have been bought out. that brings us to to

so one would assume that nokia is the big winner, right?p against what the company has actually lost recently and it puts it into perspective. connecting fewer people these days. its share of the market fell by 5.5% within the space of a year reaching its lowest level since back in 199 the 7. and last month the hand set maker canceled its full-year outlook saying that it would fall well short of the $10 billion earnings it had originally expected. a lot of this negativity, it seems, stems from the operating system. it hasn't attracted as much interest from app developers as those of nokia's competitors like, for instance, apple. analysts estimate the deal with app king -- apple could bring an extra $640 million a year to nokia. but the question is, will that be enough to stop nokia's downward spiral? well, probably not without a boost in popular appeals, some would say. let's take a look at some of the other tech stories this wednesday. the internet radio company pandora has raised $235 million in its initial public offering. the company ha

let's roll out shares of nokia. speaking of nokia, shares hit another 13-year low, falling another 4.75%. there continues to be market speculation about a possible deal either with microsoft or samsung, but no confirmation. meantime, networking company ciena saw shares fall hard, down 16% after a worse-than-predicted quarter and forecast. and that's tonight's "market focus." >> suzanne: for generations, americans have viewed home ownership as a key to the american dream, but that view may be changing as a result of the financial crisis. on top of that, getting a mortgage these day has become a lot tougher. not surprisingly, the rate of home ownership in the u.s. is at the lowest level in 13 years. erika miller reports on what that trend could mean for the u.s. economy. >> reporter: in many parts of the country, paying almost $3,000 a month in rent would be unthinkable. but renter lisa hanock-jasie and her husband are delighted to pay that for their one-bedroom on wall street, which they share with their dog. though

. >>> nokia said tuesday apple has agreed to pay royalties for using nokia technology, ending their ongoing patent disputes. >>> finally, you knew it was only a matter of time, right? a connecticut company is now offering an anthony weiner action figure. actually, two versions. one censored and another uncensored. not for kids there, folks. >>> the cubs walk-off winners. the blue jays rely on the long ball, and a minor league manager climbs the walls, literally. plus, great pitching performances usually include great plays like this one by austin jackson in the field. your early morning sports headlines are straight ahead. >>> in weather we're continuing to watch the impressive heat in the desert southwest and thunderstorms will be widespread today. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today," and in sports derek jeter on the verge of a major career milestone found out tuesday he's about to take a spot on the bench. here's nbc's fred rogan with an early look at all your sports headlines. >>> good morning. derek

and nokia, it's first windows based phone. it's a ways a way. they have been losing to apple's iphone and the droid devices. nokia will likely drop to third in terms of manufacturing behind samsung and apple. right around the corner from you guys. >> nicole, thank you. we have some breaking news. there is a fire at the the capa sigma fra turnt. the minute we get the latest pictures we will. outside of san jose state. >> billed as the biggest bronze monument in the west, a 40,000 pound sculpture that will cover more than 1,000 square feet in downtown oakland. it will cover something else, years of struggle and triumph for peace. joe introduces us to the artist and his inspiration. >> reporter: there once was a time when historic deeds and people were immortalized in bronze. >> what you're looking at is the makings of oscar schindler. >> reporter: now in an east bay foundry artist mario's own view of history is taking shape. >> this is the martin luther king march, the march on selma, can't really tell because the heads are missing. >> the faces o

tonight's price is the lowest price of nokia's u.s. shares in 13 years. two drug giants settled their differences over an epilepsy drug. no details of the settlement between pfizer and teva pharmaceuticals, but pfizer rallied 2.4%, up to a new 52- week high. it was the best-performing dow industrial component today. teva shares were up a fraction. also in the drug business, optimer pharmaceuticals is the first drug maker in a generation to get f.d.a. approval for a medicine to treat the intestinal infection known as c-diff. shares jumped almost 12% on almost 10 times its average volume. c.e.o. pedro lichtinger is waiting to see how big the market may be. >> there are 450,000 patients that are reported as having this disease. there are significant number of other patients that are not reported. so estimates take it as high as three million patients. >> tom: no pricing for that medicine announced yet. monday mergers were delayed because of memorial day. chemical company ashland will purchase international specialty products for $3.2 billion. shares jumped 1

degree of expertise and experience that telecom big shots nokia siemens cited. as a russian joint venture aimed at producing the backbone for the country's first nationwide four g. network nokia siemens will send some of their forces to the special economic zone in a project to pump out ten thousand l.t.e. base stations a year. brings its own sense of regional solutions to the project particularly in the field of not. we are planning to include our sniper. when that comes online later this year mcclellan will have made yet another contribution to devise the infrastructure they keep russia connected and just as they were to ensure the viability of every invaluable uplink they'll be working to ensure the information bridge to the future starts today in. most of the water in and around homes plenty clean enough for leisure activities like a lazy day out fishing or the occasional summer swim still you probably won't catch anybody drinking it straight from the source a local beverage producers have even higher purity standards to meet fortunately a filtration method

this is about a competition put together by nokia.d a competition where people had to -- aspiring filmmakers had to use their nobody kia cell -- nokia cell phone to shoot this entire film. this j.w. griffiths -- this director put it together. it's actually pretty cool. you're seeing two different perspectives of two different people as they come together in the end and meet up with each other. >> it's a love story. >> it is a love story. it's called "split screen, why a love story." >> see? i like, that romance. it's all about that. in the love story was the woman because that's our next story. we're talking about these lubitens. >> you're wearing a pair right now. >> they're definitely not eight inches tall. take a look at these shoes. this is just radocklus as we say. lubitan is the guy who put the red on the bottom of shoe soles. >> oui, oui. >> which took off in fashion. they are being auctioned off with a number of other fashion items for the english national ballet. is anybody supposed to wear these? it's going to have to be a b

. >>> finish phone maker nokia plans to release a cell phone using the windows platform.t before the end of the year. nokia says production will be limited, though, and it will start delivering the cell phones in 2012. nokia faces steep competition at the top end of the market against smart phones, especially the iphone and the blackberry. >>> time now 5:51. we're still following breaking news in san jose, a frat house goes up in flames. this is a live picture of what's left of that building. the latest details coming up. >>> plus what will happen today with san francisco cab drivers and will customers be kicked to the curb? if you've -- what's up? oh, what's wrong with your hair? oh. i was cruising the world-wide-web. found this do. what are you wearing? dope, right? it's got a hood. want one? boom. done. [ ding! ] [ boy ] lookin' good mr. g. thanks, bro-seph. are you video chatting? with my boyfriend? yeah! hey, tessa! mom! [ mocking tone ] mom. [ male announcer ] now everyone's up to speed. high speed internet is more affordable than ever with no home phone required. o

listed shares of nokia tumbled to a 13-year low after the company did away with its full year forecastor hand sets and services. parents flying american air lines will now have to check their stroller at the ticket counter instead of the gate if that stroller doesn't fold or if it weighs more than 20 pounds. >>> finally, if you're travel to go australia anytime soon, you better watch your mouth. police in victoria could be able to charge you with a $250 fine for swearing in public. >>> cliff lee is not perfect, atlanta loses its ice and back and forth between the ray and the rangers. your early morning sports headlines are straight ahead. >>> in weather, we're hot on the east coast, nearly perfect in the middle and cold and dreary on the west coast. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, the nba finals have begun and the all-important first victory went to the miami heat. here's nbc's fred roggin with an early look at all your sports headlines. >>> good morning. after a sluggish start that

apple and nokia have added on since 2009 when it said the iphone and ipad violated its patents.pay nokia a onetime settlement, but apple has to continue to pay royalties as a part of the agreement. for the first time, apple began to sell unlocked iphone in the u.s. allowing them to switch carriers at a limited extent. they are being sold in stores and online for $649.749 dollars depending on how much memory than half. and apple is supposed to release its updated ipad a team of the month. and the ipad 3. it is supposed to get in major screen upgrade. now he may not be known for fighting crime or wearing a cape, but the ceo of apple, steve jobs has been put into it comic-book. as you can see, the pages have not been covered in in the speech bubbles have not been at it, but 32 page comic titled steve jobs the founder of apple is expected to be released in august. >> this thursday, kron4 will nbc programming and bring you a special edition of kron4 news. kron4 news will be on 9:30 p.m.. that is this coming thursday night right here on kron4. we will be right back. >> congressman ant

nokia's american shares sank to another 13-year low, falling almost 5% on a big jump in volume. the company cut its forecast yesterday and today it denied market rumors it's talking to microsoft about selling its mobile phone handset business. a couple of deals today. marathon oil will pay $3.5 billion for land in a south texas shale oil area. the seller is a joint venture which includes private equity firm k.k.r. marathon shares fell almost 3%. meantime, sealed air dropped almost 7% after announcing a $2.9 billion deal to by a private cleaning products company. the market didn't like the price. finally, american airlines picked up its lawsuit against its former business unit sabre holdings. the two had been negotiating over how american airline tickets are distributed and sold. meantime, after the close, an illinois court ordered american to put its ticket information back on travel website orbitz. orbitz shares heading lower since december when american pulled its flights off orbitz. continuing this downtrend. after tonight's ruling, orbitz stock shot up to over $3 per share.

increase production european markets have kicked off trade on tuesday on a positive note in the leaders nokia with a two hundred percent gate after the company revealed its new smartphone and said expect it to launch the first windows devices later this year. and here in moscow terry was also on the way here is my six putting on some pretty games almost one percent there secular some of the main movers on the nice sex world due to the fact that this is over a rebound of crude we're seeing gazprom gaining more than one percent of the biggest gainers were all said economy is down point four percent of the new zinc eight percent this session before news the company will be included in the privatization of. russian technologies is getting down and this a corporation is creating a new waste disposal company it will own as much as twenty five percent on the for the rest will be controlled by domestic private investors still unclear though how the company will be financed but it's a russian technology say this is relying on cash from state budgets with the country's really fancy support for the garb

of maker nokia at two point eight percent and here in russia stock exchanges closed in the red on monday on negative sentiment over greek debt minus six and it came off a percent lower than the articles on their side and now let's have a look at some individual shanmugam isaacs oil majors were among the main news following the downturn in crude and in the red well look call it a slightly higher banking stocks are also under pressure would spread by increasing the size. of business news for now but don't forget you can always find most stories on our website www dot com. culture is that so much of the taxpayers' money i mean even exist in the real mysterious my dear old and it's meeting with destiny the greek government survives a vote of confidence as its crushing debt ordeal continues unabated. on. the limits to just simply. what i was just thinking about my future before the foreign companies came i dreamed of owning a can cut them factory. but we have less garbage now. some visitors who come here make fun of me. picking up garbage boy i'm not bad like people think. i'm a good person.

this still there with the pussy up zero point eight percent dax point nine percent in the leaders nokia it's up to an office sent up to the company revealed its new smartphone and said is expected to launch the first windows devices later this year finally a look at russia's markets and soul moderately positive here some point seven percent my six pretty much the same amount this is on the rebound been crewed therefore we're seeing energy stocks and financial stocks going up telecom however is to seeing a second day of plunge one point seven percent down after losing eight percent the session before that's the news the company will be included in the state privatization program and energy stocks are mixed and you can see that so we have time for we will be back with an update sneck style headlines are next to stay with us. wealthy british style. time to. market. finance scandals find out what's really happening to the global economy with mike's conjure for a no holds barred look at the global financial headlines tune into cars a report on our cheap kicked fifty. fifty fifth. just first.