had been soliciting investors to build a resort in reno, nevada, to be managed by a company called omniancial. >> quite a bit of money that investors put into this scheme, and it ended up that actually the address for omni financial was in the middle of a desert. it was an old, deserted, shabby motel, vacant. >> the investment was a scam and this created even more unhappy customers. authorities believe that money was probably the motive for michael prozumenshikov's murder. >> news of michael prozumenshikov's murder generated a number of potential leads, including one from employees of a local car wash. they said they had an odd encounter with a customer the morning after michael's body was found. >> a customer requested we get some hunting blood out of his trunk, which got us thinking a little bit. >> they said it was a brown mazda, and they gave police the license number, pnn393. the car was registered to zachary persitz, a 39-year-old russian emigre who worked as a dam inspector for the state of minnesota. he was a friend of michael's. >> when he first met michael he was more establis

. >> he stayed out late at night, often at the omni center, now the headquarters of cnn, but back then with an indoor skating rink and a game room for kids. >> that's where he spent a lot of his time at, at the games arcade. >> wayne williams was known to frequent the omni, passing out these fliers as a talent scout to offer auditions to boys from age 11 on up. >> 15 kids are dead. two others are officially missing -- >> by early february, 1981, more than a dozen young african-american boys had been found dead, many dumped in the woods around atlanta. >> i was very fearful. my god. >> sheila baltazar pleaded to send patrick back home to the rest of his family in rural louisiana. >> if i had somewhere to send my son, i would have sent my son. >> one evening, a white man in a big car appeared to threaten patrick and a small friend. >> the little boy said that patrick said, man, that might be the killer. >> patrick used a pay phone to call police. he told them, a man was chasing me and my friend in a brown cadillac. >> well, actually, thought it was a crank phone call. they didn't send a

the omni is an omni directional treadmill but eliminated all the moving parts.face on which the user walks and with the shoes you can walk in every direction without sliding left or right. the objective is to mimic a natural gait. >> i think it ships in may. walk me through sort of price points and what demand's been like so far. >> we've sold close to 3,000 so far. we had a kick start campaign a few months ago and raised $1.1 million on kick start. reached our goal in three and a half hours. the first units are planned to be shipped in may, that's correct. >> it's kind of wild stuff. i'm curious about the outlook for the industry in general. you say there's a revolution in virtual reality. i know that mark andreson and others have been in on this. is this the year the industry comes alive? >> i believe so. a lot of market comes this year the revolutionary head display gets a lot of attention. so major players are expected to follow suit. so we believe towards the end of this year i think virtual will make a big push towards becoming mainstream new medium. >> an

as we like to say, everything is omni channel. not all e-commerce and not all bricks and mortar.ey number of people who doesn't have ability, internet in the home and the like. we think everybody does. across the country not everybody is wired that way. if they can't get out of their home, i feel so bad for atlanta, if you can't get out of home and ability to purchase online that will affect retail sales. we've seen weather effects january only up 3.5%. melissa: you think that is sincere? it drives me bananas company come out and miss and blames the weather. you can make the most of the weather. can be good or bad one day. you're buying it? >> i'm not buying it. melissa: okay. >> i say one factor in one month. however, clearly we saw over the holiday period e-commerce was up 2.5% according to our statistics in spending pulse. if you have the e-commerce channel, most importantly, for example, department stores have been negative on total retail stores basis but postively growing double digits in e-commerce, so you have the ability to have the omni channel you are able to capture s

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it there were no number of issued at the people there with the people right now is so basic to the omni it is very obvious that the power base of it in the coverage is getting smarter and smarter than that. the opposition is getting the upper hand for those of the latest political developments on the other over some a geopolitical level people are so once again talking about the possibility of the breakup of ukraine is the small o less likely given developments in recent days when you donate and sunnah again what does a young comic six and is doing to get to back the grip on power but don't look so very unlikely they are getting back into power again. xd on the money of the people and nobody's really interested in. on the division of ukraine. even people in easton pa even if they support it in the coverage they say they are one to ukraine. o weeks to deal with russia as well as with the ways that this is a european union because they honestly pretty much all the ah fire works. coming up behind me on silk peeping in ukraine on the standing pretty aware that their only chance for the futu

you need an omni directional treadmill.et works for training and architecture tours and it can burn 400 calories per how, why not use it? >> everybody wears the shirt all their live. >> but this one is really wearable technology. it tracks your heart, blood oxygen and will make rec mening days based owe on them. >> tell someone to sit down because they're going to have a heart attack or sleep early because of a risk of having a cold. >> or, tell you to work out. maybe by playing video games. in san francisco, abc7 news. >> it's been 40 years since zodiac killer began his reign of terror in the bay area. >> now, a new york man says his friend was the murderer. >> dan noyes is here with the story. only on abc7 news at 11:00. >> the zodiac killer known for taunting police and media with cryptic letters. the best friend of a man confessed to the crime says one card has a hint about the zodiac killer. >> this is the zodiac speaking. i am back with you. >> the zodiac killer sent 15 letter asks cards to newspapers and law enforcem

you need an omni directional treadmill.t can burn 400 calories per how, why not use it? >> everybody wears the shirt all their live. >> but this one is really wearable technology. it tracks your heart, blood oxygen and will make rec mening days based owe on them. >> tell someone to sit down because they're going to have a heart attack or sleep early because of a risk of having a cold. >> or, tell you to work out. maybe by playing video games. in san francisco, abc7 news. >> it's been 40 years since zodiac killer began his reign of terror in the bay area. >> now, a new york man says his friend was the murderer. >> dan noyes is here with the story. only on abc7 news at 11:00. >> the zodiac killer known for taunting police and media with cryptic letters. the best friend of a man confessed to the crime says one card has a hint about the zodiac killer. >> this is the zodiac speaking. i am back with you. >> the zodiac killer sent 15 letter asks cards to newspapers and law enforcement. >> he boasted that letter he had 37 victims a

offers the best value and also they offer the best omni channel experience.etailers that can do everything in terms of online, in store and put all the pieces together are winning. >> you see that in uk. relatively speaking pretty good christmases compared to everyone else because they do the omni channel thing. >> their consumer that shops online and in store, that crossover shops four times as much as the consumer that just shops in store. that is key. you have to have to get that right as a retailer. >> good to see you. >> good to see you. >> pleased you didn't break a leg skiing or anything for you. right. we are just hearing that renzi has accepted the talks of holding government. they've been meeting behind these doors. apparently mr. renzi has been invited to try to form a government. he's now going to have to hold talks with key parties. that may be a little bit harder than you might think. but it is worth pointing out that italian government bond yields are short while ago hit eight-year lows of 3.622%. so italian yields, we'll get more from joules i

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this is the omni hotel. and i can literally skate on this street if i wanted to.nly reason why this is in decent shape, the police coming through have chains on and breaking up this ice. haven't seen a salt truck, haven't seen a plow, haven't seen anything official to go through and help this out at all. this is going to be a long duration storm. but the difference from 30 minutes ago, wolf, it was raining. now it's sleeting again. and that's some good news. sleet bounces off the trees and hit the ground. the rain sticks to the trees, freezes, makes them heavier, and makes them want to fall over. the longer we can stay in sleet, the better. the problem is, about five miles south of here, it's probably not sleeting. it's raining hard. and it's 30 degrees. it's a bad combination, wolf. >> and we know that. the flights schedules totally disrupted as a result. charlotte is a hub. atlanta is a huge, huge hub, as well. i think it's the busiest airport in the united states. it looks pretty grim, though, right now, i take it. >> reporter: yeah, there is very, very little

state, this incredibly violent man, who in his personal life, in what he did in office, was just this omniirectional maelstrom of violence against people that he was just racks up kills. i mean, this is andrew jackson. >> i'm sold. >> yes. well, the other thing i will say is that he also got rid of the bank which led to massive amounts of crisis. the big question i think on the table, dorian, i'll put it to you is, is it true, how do you make the case for hoover when you look at the two areas of economic management, the misery it causes the sheer power and force of violence the president commands and the hell they can unleash in their seat as commander in chief? >> chris, that's an impossible question. you is me almost equivocating. i'm going to give it one more try. hoover when he left office was responsible for the passage of the 20th amendment to the constitution. why? we needed -- people were suffering so much. we had to shorten the time between the election and inauguration. election is in november. inauguration used to be in march. hoover was so awful, people are suffering so much we

we certainly, as you talk about the internet, our view is it is parts of the omni channel approach thatnd so our focus is to embrace it, not to, not to fight it. liz: well in a way seems like that's what you're doing with what you mentioned at the top of this interview, that people would hunger down and stay inside their homes and shop via the internet. we saw some of that play out certainly during the holiday season where internet traffic was so high and some brick-and-mortar stores had some real trouble fighting that wave. not fight it but join it. as we see, holiday shopping retail in crisis down 2010. you came up with this app, i have it here on the ipad tablet where you help people along the way. i threw in nike shocks. you search the mall you want to go to. we picked hudson mall which is in new york. it comes up with every exact store what sizes they have and the price. that way you just go there. this has got to be good. how many people signed up for this. >> well we had 600,000 hits since we introduced it in september. in essence what you've just described is the fact that we ha

>> you have to have great websites and do an omni channel retailing. that's why macy's is doing better. they are way ahead on the internet, compared to most of their peers. they're doing a fantastic job. it doesn't get broken out often. it's not clear whether they've had positive comps in their stores. >> they feel the business is all won. >> don't think about that anymore. you have one consumer. they're going to choose having to do business with you. you better be there in all places. there are categories and cosmetics has been one, that are price maintained by the manufacturer. you lose the price competition on the internet and the margin compression component in certain categories. >> jerry, good to see you. jerry storch. let's take a check on jcpenney. those shares are soaring after the company reported a less than expected first quarter. courtney joins us with the latest. >> it wasn't all bad for jcpenney in the fourth quarter. they announced 2% growth and had the end of the year in $2 billion in liquidity. they had a smaller-than-expected loss, e

it has to be what some call it omni channel retailing but let's shorten it to all channel retailing.et and through mobile shopping media as well. those brands will do great. that's not cheap. it's very expensive. you have to be good on all of them, in the store and online and on mobile devices and with social in order to succeed. if you have the balance sheet to pull it off, and if you have a brand that resonates with the consumers, winners in the long term. >> a stock we talk about on the desk a lot is best buy. i'm liking it. i'm long. i see it's one of your better names. why do you like it here? >> well, as far as best buy is concerned, i think they've dawn brilliant job with what they've had. they are the it mate retailer. they've improved service levels. they've done a great job with shops within a shop. the overhang is that many of the productses that they sell are relative commodities, consumer electronics products. so if they can't succeed in the long term in differentiating the products that they sell then the margins are going to be squeezed even if they do everything else

. >> first omni from page, the government wins again in its insider trading probe against former sac capital fundraiser matthew martoma. $275 million in profits. he accused and now -- he was accusing now convicted to trade shares. it is the seventh of action in conviction ineven six years. >> he is not part of this, but things change, cristina alesci, for mr. cohen this morning. cave, heindie martoma said all along he is not going to cooperate with the government, but once you happy conviction and once you -- have the conviction once you have the case, changes the case. >> he faces up to 20 years in prison, so we will see how that plays out. >> our second front-page story. earlier this week it was twitter, now it is linkedin. shares of linkedin down about 8%. first quarter missed analysts' estimates. net income was down 67% in the fourth quarter. let's twitter user growth. >> all the user growth. it is an out of body experience. buy onn "maintaining strong fourth-quarter results, promising outlook, that is totally different from what you just said." >> that is totally, you're absolut

it is kind of like an on the an omni benevolent group. there is mt. gox. what are the problems?e too slow in terms of withdrawals and getting money in there, too slow with executing trades. it was at one point the biggest one but has not been for a long time, and the problem is, and i do not know anything about software, but apparently this guy is not good at writing code, and these guys a spot that instantly and then immediately do not like you if you are not good at writing code, so he has got a real problem at mt. gox. people all over twitter saying, don't you hate bitcoin now? no. because nobody is using mt. gox for the bitcoin trade. >> what is the volume or liquidity that is locked up in that people cannot get out? >> that is a good question. >> there is no way to know. >> you can see how much was traded through mt. gox, and something like 20% of all of the liquidity was going through them. >> as the go more and more into a mobile payment world, is there really going to be a place for something like it going? >> is there really going to be, or is there really going to be a

. >> the phenomenon of omni-channel retailing has been one that has become the conversation of the day in the industry. don't really care whether they get it in the store or online, or get shipped to their house, or they pick it up. they are agnostic. they just want what they want when they want to. they are less concerned about how i got there. macy's has been a real later in that area, in particular. they have been using existing stores as an extension of the distribution center. if it is not there, you label all the other inventory not used. we saw a lot of driving activity that had implications for shipping partners and customers. >> if i could add one thing. a few years ago you saw some major retailers tear apart the supply chain. .ome of it was when fuel hit people were looking at sourcing in total transportation costs. you've got to think about the primary business model for retailer was grow revenue faster than expenses. with the recession, what happened was that people started to challenge -- be challenged on the cost side. you had to bring expense down at the same rate. that

the characterization of the changing demographics as being a silver lining rather than a silvers in omnithat is a wonderful wine and i hope you don't mind if i start using it. but it was interesting. i must say prior to the chairman suggesting this hearing, i had no idea but more older people were starting businesses than a very younger parts of the populations of this has been an eye opener for me as well. thank you mr. chairman. >> senator collins, i am frequently reminded and you are as well, in our capacities as a senior senator of our respective states that upon introduction, people get tongue tied and instead of saying the senior senator from florida, they introduced me as the senior citizen of florida. [laughter] >> it's so true. it happens to me as well. >> this has been a tremendous hearing. the meeting is adjourned. house democrats are holding their retreat in cambridge maryland to speak tomorrow morning bu that coming up shorty serving with justice ginsburg i have come to admire her more and more each day as a judge and a colleague and a friend. they say that life on the court

take a stock like omni vision technologies and they reported that a number of people didn't expect anythingse apple business and china business, but it was much better than expected. they are looking for trading cash, and sound like yahoo!? it is a major change. and now what has been red hot is biotech. medivation, they ahave a cancer drug, and they say they will accelerate, but it is not. and the jaws are dropping on the analysts who were bull ish, and keep in mind that where you have moves in biotech where everything is up, and up, and up, and everything must be perfect, and when they are not, the stocks get hammered. >> and how do you guide people through that morass, the biotech morass and who is going to win and lose? >> well, you fry to have companies who are more than one product, because we call them shots on gold at "mad money" and you are giving up one at medvation, and they have ce cellgene is the three-legged stool, and also the drug coming out for the macular degeneration drug. >> and so other companies -- >> well sh, remember, if you haa company with one drug that is a fatal d