yahoo had $3.2 billion overseas.which reported $41.3 billion overseas had anmk;va effective tax rate of 14%. those that did said they're following the law. economists estimate the federal government loses $90 billion a year enough to fund california public schools and universities more than two years. or cover 206 days of military operations in afghanistan and iraq. this isn't the first time multi national companies have been the target of criticism for sheltering money oversea autos bottom line of our investigation is that some use our current tax system to engage in gimmicks to avoid paying taxes they ow ee. they take a look at how companies have become so efficient at avoiding taxes. hewlett-packard and microsoft testified they're among companies operated legally. >> they're properly legal tax avoidance. >> senator says congress is to blame creating a patch work of tax laws. >> they spend a lot of money with accountants to take advantage of every loophole that we have created. >> and they will continue to do so. t

local communities are taking the initiative in creating new ways of attracting overseas visitors. >> all right. that's going to wrap it up for biz this hour. let's check in now on the markets. >>> people in central russia need more time and more money to deal with the damage caused by last week's meteor crash. shattered glass injured hundreds of residents. government officials say repair work will take nearly a month to complete and cost millions of dollars. the meteor exploded on friday before hitting the ground. the resulting shock wave blew out win dose adows and damaged . officials estimate the damage at around $33 million. they say workers are replacing windows at schools, but they know walls aremain severely damaged. the governor has told officials to buy glass and other building materials to buy materials from nearby areas to speed up the work. >> translator: if larger fragments are found, it will be of great interest for people who research asteroids and comets. >> the excitement isn't limited to scientists. residents of a village nearby are rushing to the fields around their

drones overseas with no acknowledge and knowledge meant by the united states never any indictment i don't think a sixteen year old is a high level leader of al qaeda and then the congress people have been asking will controls be used to kill people here in the united states and they have never so far gotten a no so as far as we understand it americans have been killed overseas with these drones without any kind of judicial process and the same kind of thing can happen it appears here in the united states why is it illegal for the government to wiretap somebody in the united states without a court warrant but we don't know can a drone be used against them to kill them well actually we know that it could be done overseas so why couldn't it be done here at home i would say it's indeed a very slippery slope and a very dangerous and scary slope ok christopher go back to. the slippery slope. no i mean there certainly is potential i believe the present in the last week or two and somewhat of an odd forum to be transmitted in policy positions but in a an online question and answer forum. the pres

drones overseas with no acknowledgement of knowledge meant by the united states never any indictment i don't think a sixteen year old is a high level leader of al qaeda and then the congress people have been asking will controls be used to kill people here in the united states and they have never so far gotten a no so as far as we understand it americans have been killed overseas with these drones without any kind of judicial process and the same kind of thing can happen it appears here in the united states why is it illegal for the government to wiretap somebody in the united states without a court warrant but we don't know can a drone be used against them to kill them well actually we know that it could be done overseas so why couldn't it be done here at home i would say it's indeed a very slippery slope and a very dangerous and scary slope ok chris ship on your back to. the slippery slope . no i mean there certainly is that potential i believe the present in the last week or two and somewhat of an odd forum to be transmitted in policy positions but in a an online question and answ

drones overseas with no acknowledge and knowledge meant by the united states never any indictment i don't think a sixteen year old is a high level leader of al qaeda and then the congress people have been asking will controls be used to kill people here in the united states and they have never so far gotten a no so as far as we understand it americans have been killed overseas with these drones without any kind of judicial process and the same kind of thing can happen it appears here in the united states why is it illegal for the government to wiretap somebody in the united states without a court warrant but we don't know can a drone be used against them to kill them well actually we know that it could be done overseas so why couldn't it be done here at home i would say it's indeed a very slippery slope and a very dangerous and scary slope ok chris ship on your back to. the slippery slope . no i mean there certainly is potential i believe the president in the last week or two and somewhat of an odd forum to be transmitting policy positions but in a an online question and answer forum. the

apple $40.4 billion in holdings overseas. tax rate of 12.6%. ebay $10 billion overseas. with a 17.6% tax rate. yahoo $3.2 billion overseas paying just 17.9% and cisco which reported $41.3 billion overseas and had an effective tax rate of 20.9%. most declined to comment on the offshore holdings or the amount of taxes that they paid. those that did say they are following the dow. economists estimate the federal government loses $90 billion in tax revenue a year. enough to fund california public schools and universities for more than two years. or cover 206 days of military operations in both afghanistan and iraq. this isn't the first time multinational companies have been the target of criticism for sheltering money overseas. >> the bottom line of our investigation is that some multinationals use our current tax system to engage in gimmicks to avoid paying the taxes that they owe. >> congress held hearings in september and looked at how silicon valley companies have become so efficient at avoiding taxes by transferring money among foreign subsidiaries. hewlett pack card an

, expanding and making their overseas operation much more efficient. so wal-mart has a very nice growth trajectory overseas and i think is going to be very competitive against just about any and all comers, including amazon. >> tom: interesting, kind of an international play with wal-mart. you also like extensor, a business consulting services firm but the stock prices has risen, close to the high end of the range. put new money to work here in the low 70s? >> yes, just as wal-mart was a play on the global consumer, exsensor, formerly anthony consulting, is a play on improving business inspector generalling. businesses are in a position where they need to be more competitive, and everything they do is geared towards that goal. if you expect to see an improving economy, which we're seeing currently, you want to make sure you own companies that are tied to business spending, and with the breadth of knowledge and the distribution and the size of this company-- they employ roughly 250,000 people across about 48 countries -- that's a lot of expertise to bri

citizens overseas was leaked to nbc news.ng of alleged american terrorists appropriate and under what circumstances? the way paper confirms a palpable shift in war on terror policy by this president. in 2007, barack obama from illinois they got his position on the war on terror. stability better, freer world community must behave in ways that reflect decency and aspirations of the american people. this means shipping with prisoners in the dead of night in far-off countries are detaining dozens of that charge or trial for secret prisons to people beyond the reach of the law. the same president of foreign terrorists oppose the use of enhanced interrogation tape needs some foreign terrorists attempted to bring foreign terrorists to trial in new york city is now personally prevent the killing of americans. ironically, the detention facility in guantÁnamo remains open and khalid sheikh mohammed and co-conspirators are being tried before a military commission. following the release of the way paper, a bipartisan group of members re

>> if you have joined the enemy overseas, you have joined the enemy overseas. >> even democrats like ron wyden said that the memo does not adequately explain whether the government has the legal right to kill an american. brennan will also be questioned about interrogation techniques used by the bush administration. he says he had concerns and objections. that is probably will -- probably not the last we will hear about grounds. the senate foreign relations committee is planning hearings as well. >> still ahead, a judge makes a ruling about an ongoing argument in baltimore city. the decision on the plan to install eight new phone system. and opening ceremonies on the winter olympics are just a year away. away. >> a baltimore circuit court judge dismisses a lawsuit by joan pratt over mayor stephanie rawlings-blake's plan to install a new phone system. pratt accused rawlings-blake of subverting the usual bidding process. money will change hands on the eastern shore. it is announced on wednesday that communities hit hardest by super storm sandy will get additional financial aid from the

we are representatives of the united states overseas. our military budget is lower when we have cooperation with countries. they cooperate. we are cutting back on forces as a result of cooperation with nato. we send many overseas with different agencies and programs that help people, that generates good will, and helps us to keep from going to war. we're sending part of our people in homeland security and customs enforcement overseas where they inspect cargo on ships before they set sail to the united states, helping to keep us free and make sure that stuff that comes into the united states is free. a lot of people do not seem to understand this interaction. it all ties together. when we cut too deeply across the board, we are hurting programs. congress because of contracts in their districts refused to cut the programs. host: go ahead, mr. margetta. guest: you mentioned there is foreign aid aimed at engine during the goodwill -- engendering good will. tsa and border patrols have a lot of international capabilities. tsa works with other

it's a big issue already overseas people as i mentioned people are dying but we certainly should know with the administration thinks that they can use these tools within the united states according to the same rules or any rules that they've been using overseas. president obama he just had a state of the union address he did promise more transparency he said that before do you think that this could the beginning could be the beginning of more transparency within the obama administration and whether the drone campaign. well it'll be a dud start to a new a new trend toward transparency obama has promised transparency started his first ministration that promise however independent groups have raided his administration rather poorly i'm not going to say this predecessor it was it was a it was a paragon of transparency it still leave out this administration isn't bad about this and i think a leaked memo is not exactly a step in the direction of transparency they did not want this to come out and arresting j.d. appreciate you weighing and that was dating to kelly managing editor for reason

outpost overseas. our own richard engel is there, all of it playing out when we get a new secretary of state. >>> new rules in the ongoing fight over birth control coverage. the president makes an offer. the question is, will religious leaders give it their blessing? >>> and the big game. it's all over, but the shouting, the fans are in place, the excitement is building. oh, but wait. we're talking about the puppy bowl on sunday. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. late today the stock market crossed over something of a mythic mark of the modern era and the dow jones industrials closed above 14,000 for the first time since 2007. and we all remember what happened back then. the stock market has been on a tear of late, gaining almost 7% so far this year. s&p and nasdaq also up. we started the day by learning the unemployment rate had inched up to 7.9% again, while the economy actually added 157,000

citizens overseas. you might remember a memo was leaked earlier this week to "nbc news."se are the so-called white pages that were the catalyst for this broader conversation we've been having about drones. these secret documents we're talking about today released now to the intelligence committee are bigger than those white pages, more sought-after, if you will. congressman mike rogers is the chairman of that intelligence committee and he joins us now. congressman, have you gotten a look at these legal documents? >> i have. i read it this morning, jenna. jenna: anything you can tell us about them? i understand they're secret and classified but anything that stands out to you? >> you know, not really. it was, what i thought was a solid legal argument. you they the biggest thing here were they believe believe, that they should not have to show their everysight committee this particular document. that is what is stunning to me. i've gone through the legal document. we had the general memo back in june of last year. we've been asking for this legal argument for some time. got

if you've joined the enemy overseas, you've joined the enemy overseas. >> given we have this ongoingar on terror which is basically a ghost figure. we don't have a country, we don't have people in uniform that we can lay a face to, isn't there a point there? when we have to look at the expanded version of what treason means overseas now to go and align yourself with a terrorist organization. don't we have a right to stop them? >> well, i think the problem with that argument is that it takes for granted that the determination that the administration made in secret that this person has joined the enemy, that he's an operational leader. that's the term in the memo. the question is who makes that determination and are they accurate, right? the problem with all of these determinations being made internally by a single figure in secrecy is that there's no check on their accuracy. and it's the unilateral ability to designate someone out of the purview of the constitution that's troubling. if someone -- if you can confirm that someone has explicitly taken up arms against the united states go

found numerous security standards violations for overseas buildings.n top of that the state department not keeping track of all the rules violated. why is that happening? >> they inspector general tells us the what and not the why. the sense i get there really is a ideological or political overtone we are unwinding wars to allocate resources to other purposes. it's not taking seriously what any reasonable person's mind would suggest. a broadening they the threat. the scope of al-qaeda and affiliated reach is expanding. there has been a lack of willingness among top leadership especially in the white house to take that head on. >> heather: you mentioned we have heard from clinton, panetta petraeus, dempsey, brennan -- did you hear anything from any of them that provided real answers to you in terms of benghazi and any changes that had been made since then that can keep our diplomats safer? >> frankly, i think that is the scandal so far. the lack of response to the attack in benghazi, whatever the origins and whatever the questions are about the immediat

enemy overseas. >> even democrats like ron wyden said that the memo does not adequately explain whether the government has the legal right to kill an american. brennan will also be questioned about interrogation techniques used by the bush administration. he says he had concerns and objections. that is probably will -- probably not the last we will hear about grounds. the senate foreign relations committee is planning hearings as well. >> still ahead, a judge makes a ruling about an ongoing argument in baltimore city. the decision on the plan to install eight new phone system. and opening ceremonies on the winter olympics are just a year away. away.

so japanese utility companies are looking overseas as a way to secure stability in the future.d aims to remain a key manufacturing base within asean, securing a stable electric supply is more important than ever before. the government has high hopes for renewable energy, know-how, and technology from partners such as japan. khemmapat rog juan chic uh in thailand. >>> pakistan's auto market has long been dom nauted by companies from japan. the strong brand image and established sales networks have kept rivals firmly in the rearview mirror. but now an ambitious newcomer is starting to close the gap. nhk world reports from islamabad. >> reporter: on the chaotic streets of pakistan, one thing has been constant. old or new, most vehicles here are japanese brands. pakistanis love japanese cars. so much so that nearly 100% of automobiles traded in the domestic market are japanese. some vehicles are even decorated with the names of japanese companies. most drivers don't read japanese. but that's not the point. the decorations look cool. >> translator: you can show off your car as a jap

outpost overseas. this time the u.s. embassy in ankara, turkey, where we find our chief foreign correspondent, richard engel tonight. richard, good evening. >> reporter: good evening, brian. the american flag here at the embassy has been lowered to half staff. the attack took place just up this road behind me, which has now been closed by turkish police. chaos of police and ambulances in one of ankara's most fortified districts. embassy row. on one stretcher, a well-known turkish journalist. she had come to have tea with the ambassador. she was at a visitor's gate in a security screening room when a suicide bomber came in and reached for his waist. a guard yelled "bomb" and then it exploded. turkish media identified the bomber who killed himself and a turkish guard. >> right now we are all dealing with our sadness at the loss of our fellow member of our embassy. we salute his bravery. >> reporter: the turkish government says the bomber was part of a radical leftist group that accuses turkey of being an american puppet of

it will be first available only overseas. google says the most searched nominee last night were actors, jennifer lawns, and& anne hathaway and >> daily, dublin, los gatos and all bay area this is abc7 news in. >> good morning. palo alto police are looking for an armed man would tried to problem someone in a downtown parking garage. this is a sketch of the man wanted for the robbery attempt. the victim fought back and escaped. the police are investigating whether the suspect is involved in three other recent robberies in pale appeal area. >> reward is set up to help find an east bay couple who disappeared while visiting peru. >> it has been a month since anyone has heard from the couple. now, co-workers at the bicycle shot are taking action. they set up a reward fund that has grown to $3,000 for information leading to the couple's whereabouts. flyers have been posted in peru where they disappeared without a trace. >> we are funding as a businesslike normal but there is a cloud. >> the couple left for the six month cycling adve

and the types of products that can be built there. >> tom: so much of that manufacturing went overseas for lower production cost. if it comes back to the u.s., can it still hold the line and maintain margins and profitability? >> well, i think there's enough inflation going on in some segments of the lower value added manufacturing overseas that companies are seriously looking at the drivers of their cost. and what they are finding is that the inefficiencies of distance, communication, language and-- are just really too high as this point. and that the differentials on wages and materials costs have come down to the point that it makes much more sense particularly for company that has to develop products quickly, get them to market quickly, to do them here at home. >> one of those advantaged manufacturers you do like in the scenario is united technologies makes carrier air conditions, aches otis elevator, pratt and whitny jet engines, what dow like utx for. >> we think it is at the forefront of a number of things going on in the global economy. as you mentioned, air conditioners, eleva

could a flalg used during the president's inauguration actually be mad overseas? male announcer ] when it comes to the financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. >> welcome back. thanks for joining fox and friends first. i am heather nauert. >> i am heather childers. it is half past the hour. the top five stories making news for you at this hour. if the white house and congress can't reach a deal by march 1st it is looking at big exchanges and the effects already being felt. yesterday plans to send the u. ss harry crewman aircraft carrier to the persian gulf come were scrapped. lower pay raises and delays in new equipment total. they face 46 billion in cuts this year. >> it's the best symbol of our country but the flags behind the

i think our companies here especially those in the s&p 500 know how to make money overseas. they have been doing it they are going to continue to do it an at 50% of revenues that come from overseas that number is only going to get bigger in coming years. >> okay. scott, we're going have to leave it there. thank you so much for coming on the program. scott wren, equity strategist at wells fargo advisors. >> tom: still ahead, the first few weeks of january 2013 have been explosive. there's no other adjective other than explosive. the building confidence leading one small business to create new jobs. >> susie: an intense day on capitol hill for defense secretary nominee chuck hagel. the former republican senator from nebraska took a grilling at his confirmation hearing. lawmakers from both sides of the aisle questioned him about his controversial views on gay rights, sanctions for iran, and former president george w. bush's policies in iraq. but in spite of the turmoil, hagel is expected to get confirmed by a narrow margin. >> tom: an update on failed futures brokerage firm per

citizen overseas. they must pose an imminent threat of violent attack, capture is infeasible and the operation must be squint law of war principles. but this newly obtained memo elaborates further. i states u.s. officials may consider whether an attempted capture would cause undue risk to u.s. personnel involved. the memo says if capture is not feasible, it will be lawful for the u.s. government to order a killing instead. all of this controversy comes ahead of a senate confirmation hearing on thursday for john brennan. he is nominated to be the new cia director. he is considered the architect of the obama administration's drone campaign. this is a big deal laying out a lot of new facts related to this controversial program and nbc's michael isikoff is going to join us later on "morning joe." after spending months focused on federal spending and deficit reduction, to day house majority leader eric cantor plans to urge his republican party to take its message in a new direction. in what's being describe

i think our companies here especially those in the s&p 500 know how to make money overseas. they have been doing it they are going to continue to do it an at 50% of revenues that come from overseas that number is only going to get bigger in coming years. >> okay. scott, we're going have to leave it there. thank you so much for coming on the program. scott wren equity strategist at wells fargo advisors. >> tom: still ahead, the first few weeks of january 2013 have been explosive. there's no other adjective other than explosive. the building confidence leading one small business to create new jobs. >> susie: an intense day on capitol hill for defense secretary nominee chuck hagel. the former republican senator from nebraska took a grilling at his confirmation hearing. lawmakers from both sides of the aisle questioned him about his controversial views on gay rights, sanctions for iran, and former president george w. bush's policies in iraq. but in spite of the turmoil, hagel is expected to get confirmed by a narrow margin. >> tom: an update on failed futures brokerage firm pere

citizen or non-citizen overseas when one quote an informed high level of social of the u.s. government determines that target is an imminent threat to them here for also suggest that such decisions would not be subject to judicial review and outlines a broad definition of what constitutes imminent threat. at the very beginning of the hearing as john brennan was delivering kids remarks he was interrupted five times or so by protesters who stood up and express shouted out whether their opposition to those executions senators had to take a recess for for the protesters to be removed from the hearing and these protests are steered by numerous reports that the drone strikes kill innocent people as well not just suspected terrorists everybody expected tough questions on drones but that did not happen john brennan got away with very broad answers like the program if saving lives and that you should take the administration's word for it. a private hearing now a way to jump brennan in order to iron out technicalities but given his performance at the senate scholar and author of expor

>> gwen, the issue has been engaging in drone strikes overseas against al qaeda figures since at least 2002, but mostly that program is operated in the shadows with very little public acknowledgement and very little oversight. people on capitol hill, the members of congress, use john brennan's confirmation hearing as a way to extract some promises from the administration and a way to get some information, even a tiny bit of information we never had before. so starting out the week, 11 senators from both political parties had sent a letter to the white house demanding information that would justify the killing in had 2001 of a u.s. citizen named anwar al-alaki. he is a radical cleric who the u.s. government says became a high leader in al qaeda and yemen. he was killed in a drone strike in 2011. the u.s. hasn't acknowledged that killing. they acknowledge he is dead, but they don't acknowledge the u.s. role in it. gwen: they killed his son and somebody he was there with at the time, another american citizen. >> gwen, we know at least three americans have been dead at the hand of drone st