the pharmaceutical firm novartis will be cutting around 2000 jobs, mostly in switzerland and the united states, as it tries to cope with price cuts for drugs in europe and the u.s., and the strong swiss franc. the company reported 2.5 billion euros in profits for the third quarter and said sales were up 18%. novartis has already cut thousands of jobs and close down plants in the last year to boost profitability. shares sank 4.5% tuesday. despite fears the eurozone debt crisis will create a major drag on germany, consumers have not significantly cut back on spending. the gfk consumer research group has predicted a slight rise in consumer confidence after a stable october. people in germany remain opoptimiic about income prospects. an improving job market eases fears of unemployment and urges consumers to purchase big-ticket items. >> thank you. we have news on the rescue operations in turkey. there is still hope of finding survivors. a number of people have been pulled alive from the rubble, including an 11-year-old boy and a two week old baby. over 400 people have been known to die in t

meantimm uropean drug-maker novartis cutting jobs over there...and right here. company handing out 2000 pink slips...900 of 'em in the united states. that's business. i'm liz macdonald coming up... an amazing rescueein the afttrmath'ssof turkey's earthqu. earthquake.nats!! nats!! a two week old baby survives and is pulled out of rubble... how long the child was trapped.. and who else wass with her.

string of earnings reports and await the outcome of tomorrow's summit of eurozone leaders drugmaker novartis is among the decliners with shares holding two point seven percent and zurich after its earnings missed expectations shares of british oil major b.p. rally over four percent in london after it reported thirty. quarter net income nearly tripled and the dax in among the lead is up two percent reported third quarter profit beating estimates. here in russia markets are mixed this hour the r.t.s. is gaining over half a percent is down nearly a quarter of a percent so let's take a look at some individual shareholders on the minds of most of the blue chips are trading in the red bank is losing almost one percent hydro is no exception the company has consolidated stakes of five more electricity plants bucking the trend though is russia's largest car maker to the us its first half net profit has more than doubled to two hundred eight million dollars bucks in fear so from natural i've seen it gives us more on the markets. i mean soon we'll circular or even metals. can sure be a good potential g

earnings reports and the way think the outcome of tomorrow's summit of euro zone leaders drugmaker novartis is among the main decline in those shares the foolish four percent and zurich crofter its earnings mr expectations chance of british one major be a rally in more than three percent in london after a reported fourth quarter net income nearly tripled and in frankfurt the bank has lost games after reported first quarter profits beating analyst estimates. and this is the closing picture in russia where the r.t.s. and the my six post of declines although the r.t.s. managed to stay over the fifteen hundred psychological benchmark look at what's moving the minds. g. mage's mixed at the close lukoil down the more than one percent because. of investors moving out of these stocks who seemed pretty good growth for the past two sessions were all carly protest producer is also down two percent plans to spend five point eight billion dollars to boost production capacity eighteen percent in ten years and russia's largest comic after a virus was one of the few gayness posting pretty strong gains in j

of earnings reports and awaiting the outcome of tomorrow's summit of yours a leader's drugmaker novartis is among the recliners shares a falling four percent and zurich after its earnings missed expectations as a british oil major b.p. rally over three and a half percent in london after a reported first quarter net income nearly tripled and in frankfurt deutsche bank has lost early gains after a reported first quarter profit beating honest estimates. this is the near closing picture in russia just another twenty minutes to go and the r.t.s. m i six are shedding most of the gains that they've seen in the past two sessions is down one point two percent my six one point nine percent. if we look at the main movers oil majors are seeing a big shedding one half percent despite the oil prices actually being stronger mostly producer with all carly is also down and plans to spend five point eight billion dollars and boosting production capacity eighty percent in ten years and russia is the largest car maker of divides is actually gaining one of the few stocks which is posting gains it's first off

string of earnings reports and weighted outcome of tomorrow's summit of euro zone leaders drugmaker novartis is among the decliners with shares falling more than two and a half percent in zurich after its earnings missed expectations cheers of british oil majors be rallying more than four percent in london after a quarter first quarter net income nearly trebled and in frankfurt bank is up two percent of the reported third quarter profits and the expectation to move to russia now two more hours of trading there and looking mostly negative nice six losing point eight percent purity is down by just a notch i think of what's a moving the markets on the m i six a loop oil is down one percent despite higher oil prices a producer what i would carly is also down plans to spend five point eight billion dollars to boost production capacity eighteen percent intended. years and russia's largest car maker out the buzz is going against the trend it's a first hard net profit has more than doubled two hundred eight million dollars now might seem fierce or from magical i have see if this morning markets. i m

new string of reports and awaiting the outcome of tomorrow's summit gives their leaders drugmaker novartis is among the main decline in those shares of pool at four percent and zurich after its earnings mr professions shares of british one major b.p. a rallying more than three percent in london after a reported fourth quarter net income in the report and in frankfurt the bank has lost gains after a reported first quarter profits beating and mistrust. and this is the closing picture in russia where the r.t.s. and the my so exposed the declines although the author has managed to stay over the fifteen hundred psychological benchmark look at what's moving the mice. examine g. major is mixed at the close lukoil down the more ascent because. of investors moving out of these stocks who seem pretty good growth the past two sessions world carly approaches producer is also down two percent plans to spend five point eight billion dollars to boost production capacity eighteen percent in ten years and russia's largest carmaker after a virus was one of the few gainers posting pretty strong gains in just

drug maker novartis whose shares fell two point seven percent in zurich after its earnings and this expectations is one of the losers but she has of british oil majors b.p. rallied over four percent in london after it reported third quarter net income nearly triple. and here in russia markets are trading mixed at the r.t.s. is up just a quarter of a percent in the markets with losing how four percent this hour let's take a look at some individual shambles otherwise it most of the blue chips are trading in the red the bank is losing nearly one percent rules hydro is trading in the black gold the company has consolidated stakes of five more electricity plants and russia's. just coming up the boss is dropping point nearly point four percent this hour despite reports it has more than doubled that profit for the first half yes compared to the same period a year ago like super cell phone metropol i. mean it's in the oil sector or even metals. can show a good potential girls is the way oil is one of the one that hasn't correct that much of its oil sector could be years difference of story who invest it

the drugmaker novartis whose shares fell two point seven percent in the zoo it is in zurich after its earnings and this expectations is one of the losers but she has of british well major b.p. rallied over four percent in london after it was poured third quarter net income and it tripled. and here in russia markets are trading makes the r.t.s. is up just a quarter of a percent in the markets with losing half a percent this hour let's take a look at something to virtual shrimp on the market most of the blue chips are trading in the red grant is losing nearly one percent rules hydro is trading in the black gold the company has consolidated stakes of five more electricity plants and russia's largest county the boss is dropping points nearly two point four percent this hour despite reports it has more than doubled net profit for the first half of the year compared to the same period a year ago might seem fiercer from natural. means and will serve to rule we. can sure we're going to show girls is the way always one will become one to. correct marcher for you that's all it certainly could b

earnings reports and are awaiting the outcome of tomorrow's summit so for euro zone leaders drugmaker novartis is among the decliners with the shares falling three point three percent and zurich earnings missed expectations boil major he is. more than three percent this hour in london after a reported third quarter net income nearly tripled and in frankfurt deutsche bank is up two percent of the reported third quarter profit beating and this is expectations. this is the picture in russia we're seeing at the moment it has gone deeper into the red to my sixes one percent lower this secular watson moving shares energy majors are actually mostly down down one half percent despite high oil prices producer carly is also down plans to spend five point eight billion dollars to boost production capacity around eighty percent in ten years and russia's largest car maker after is gaining one of the few stocks which is posting gains of the moment its first half and profit has more than doubled to two hundred eight million dollars. to other news now canadian developers are aiming to invest around six hundre

awaited the outcome of tomorrow's summit of the euro zone leaders prefer uncertain sidelines drugmaker novartis is among the decline as well shares holding four percent and zurich after its earnings missed expectations shares of british world major big p. a rally over five percent in london after you voted for it go to net income tripled and in frankfurt do it your bank ended up point seven five percent after the fourth quarter profit beating on this distance. russia's markets were trading in the red on shoes day with the mice. losing one point two percent the odds you're still managing to keep above fifteen hundred points if you look at the may move is so you'll see that will companies were down despite high crude prices lukoil was also down one point two percent saying that it plans to invest one hundred billion dollars over the next decade protest producer lost almost two percent also plans to spend almost six billion dollars to boost production capacity right eighty percent over the next ten years and russia's largest car maker after buzz was up one point eight percent because it's first of

profits for novartis were up 12% for the third quarter.t of the $300 million restructuring plan. >>> fedex is marking the calendar for december 12th. they predict that will be the busiest day in the company's history. fedex is also planning to hire 20,000 holiday workers to help with the holiday rush. it expects to handle roughly 260 million shipments between thanksgiving and christmas, a 12% increase from last year. >>> more trouble for netflix. final numbers show the company lost 800,000 subscribers in the third quarter. you will remember this past july netflix outraged customers when it decided to increase prices for the dvd and video streaming services. then things got worse when it looked to rebrand the movies by mail services as quickster. they expect to lose more customers by the end of the year. >>> a tough talking campaign ad for herman cain. but wait until you see how it ends. we'll play this ad for you. this is an ad, you have to see it though. we'll get reaction from our deputy political director. i don't know what this ad mean

. >>> novartis announcing new job cuts. losing their jobs in the next three to five year.ays the cuts are part of its $300 million restructuring plan. >>> fedex is gearing up for the holiday shipping frenz any a major way. the global shipping giant says december 12th is set to be the bittiest day its ever had expecting more than 7 billion packages shipped this year and it's adding 20,000 temporary workers to help handle this holiday rush. >>> and it's time to literally pig out again. mcdonald's is bringing back the classic mcrib sandwich and going all willy wonka on us. mcdonald's launched the quest for the golden mcrib. it's a social media game. >>> "american morning" will be back right after the break. i don't want healthy skin for a day. i want healthy skin for life. [ female announcer ] don't just moisturize, improve the health of your skin with aveeno daily moisturizing lotion. the natural oatmeal formula goes beyond 24-hour moisture. it's clinically proven to improve your skin's health in one day, with significant improvement in 2 weeks. for healthy, beautiful skin t