deal, panasonic is an loss components leader and an log systems leader.tories that weren't 100% utilized. the ability for them to reduce cost by having a higher utilization of their factories and employing our expertise as an an log fond are you leader was a good win for them. for us, it gives a lot of capacity and capability. >> panasonic also seems to benefit. investors carrying their policy. in terms of revenues, what impact is this going to have? >> well, we've set for ourselves a target of hitting a billion dollar revenue in 2015, annualized revenue, and this will be the bridge to get there. the start of the deal will bring about $400 million of revenue. on top of that, as we build the fond are you business itself, the j.v. can produce on that range. >> and when is this going to move towerjazz back into profitability? >> profitability for the past eight years, we've been ebitda positive the past seven years. >> in terms of net income? >> net income, the deal we announced that in combination of doing the panasonic will be consolidating our japanese op

major tech shares like panasonic face pretty strong selling. and in hong kong the hang seng index shedding 0.6%, 22,377. market heavy wet tenset holdings posted a sharp loss. the drop in the chinese internet giant dragged down the index. meanwhile jakarta is higher today ahead of the country's general election on wednesday. the benchmark has closed up 1.3%, 4,921. now investors put their money back in to the indonesian market on hopes that a change in the country's political landscape will help to stimulate the economy. >>> japanese and u.s. trade negotiators are trying to iron out some of their differences. they've been struggling to reach a deal in the talks on the transpacific partnership but they have to bridge gaps on farm products. deputy chief negotiator and acting deputy u.s. trade representative wendy cutler are meeting in tokyo. they're trying to resolve differences over tariffs for beef and park. the americans are insisting that the japanese cut sharifs sharply. japanese prime minister shinzo abe will host u.s. president barack obama

panasonic is here with their new app for their go pro.ew york city. >> first amendment protects the right to anonymous free speech. traffic that the digital era and that is yelp. stuart: weighing in on the yelp controversy. yelp stock down big again today, down 13% this week. here is the issue, businesses complaining about negative anonymous comments posted about their service posted on yelp. it has become a huge problem for that company. the attorney in this case and branding consultant, brand building consultant. i want to go to you first. you agree with the judge, this is a free speech issue, is that correct, sir? >> absolutely right. nobody goes after the positive comments. if you have a system which discourages the negative anonymous comments, it would get unbalanced and you would hear only the good news, not the bad news. we need a system that protects the right to say anonymous things in both directions. the problem is it is on the people who say negative things that are in danger of being sued. stuart: you would not dispute it is

japanese electronics giant panasonic swung into the black for the first time in three years in fiscal two thousand and thirteen. panasonic executive said their companies group net profit came to a little over one billion dollars in the business hear the end of last year. that's a turnaround from a loss of more than seven billion dollars in the previous year executives attributed the healthy performance to a weekend that help improve the firms overseas businesses they said production of batteries for electric cars and other auto related businesses pushed up sales they also noted that the restructuring of its unprofitable tv in semiconductor businesses was also a . the officials expect net for the current business year increase. about sixteen percent from fiscal two thousand and thirteen japanese banks and other businesses are joining as to set up an investment trust they plan to help build nursing facilities for elderly people the six companies have announced the establishment of a real estate investment trust or reach. they could choose a bank and major construction from the sickle. o

i'm getting there in the straw maze and performed the nikkei today though the likes of panasonic and that she also shares some for slightly less punishment while telecom shares were also weak that i shot all eight the next heavyweight soft bank and other out of today's market action that's going on until he calmed eight lp legal team say wasn't exactly the stuff we come. that's right we leaned on a positive start to the week the nikkei dropped almost three hundred points at one stage and it ended down by one point seven percent and that finishing below the key fifteen thousand mark. the indices were taking profits at the sa steep falls in europe on friday as the yen's strength against the dollar to mentions that these big losers included exporters and financials panasonic down of four point seven percent for his people's there and sumitomo mitsui financial group was down by three point two percent. his job status on a recovery from an unusual week i'm usually cold winter in the us and that was the be good for stocks but the positive and that did not last long on wall street in fact t

. >>> the electronic giant panasonic has returned to profits.struggling intention competition from apple and sam sung. efforts to restructure the company have paid the way for recovery. the firm is forecasting further rise this is year. there you go. good on panasonic. tweet me on twitter. i'll tweet you back. more business at 1:30. in about 45 minutes the business report. >> you're watching "gmt" bbc world news. still to come, we're going back to look at the situation in ukraine and investigating where those events are taking place, who is operating and under who's order? stay with us. this is no time for lollygaggin', lad. but we love lollygaggin'. we do. but it's a battlefield out there! you know the chickweed is surrounding yer sidewalk and the dandelions are stealing precious nutrients! now's the time to send in the scotts turf builder weed & feed, man! it kills weeds while it feeds and strengthens your grass. that sounds easy. thanks, scott. any time, kids. get scotts turf builder weed & feed. it's guaranteed. feed your lawn. feed it! find

and to focus on the sofa and into my face them in particular the business of being barked at the panasonicmoment when so in that simple can be a different focus on being clean all those kinds of ornaments and the calder park in arkansas. if you were to last all night i know what is the maid advisor nation to i know i've not had of getting the bike and economic conditions to be up and is it that is betty and sit them down to be seen in quite a bit um no guns that would prompt a city of india are viewing this tradition should be cleaned his blogging ties between china and other beach with suspicion. is it possible for the treatment seems to have bowed relationship with each other without being suspicious of the head but the ending that i will aid worker in the muslim thing is they did and is more than enough space for that to be taken to an easing in china. boise who plays in the pond compete in the competence in a positive sense of calm. so mom what is in bountiful to tantalizing using different it may be trying to calm conveyed the pull of the volvo. it's a totally cute and definitely teac

they have got to have a panasonic -- >> great to see you here.att miller is staying with me as well. in two, we will be back minutes. meanwhile, tweet me and let me know what you make of elon musk and tesla's dealer disruption. stay in the loop. ♪ >> welcome back. ton musk once you to be able buy a model s the way you buy an iphone. you could buy it online through a third-party or directly in the apple store. there are rules governing -- governing franchise dealers that go back a decade. we will talk about an automotive dealer in the u.s. who will join us and talk about his company to buy a model s theearnings. it is 26 minutes past the hour. we are on the markets. olivia sterns has your look at the early trade. >> futures are pointing to a higher open. equity markets will decline. they already posted the biggest three-day rally so far this week and months. in just a few minutes, we will get weekly jobless claims at 350,000.come in last week was the lowest level since 2007. we also heard from morgan stanley and goldman sachs beating earnings esti

there have been three cases where the panasonic made battery caught fire and this comes as sony prepares to sell its bio business. been bouncing around today. it is flirting with small gains and losses after huge selloff yesterday and it has been a very rough month for technology stocks with the nasdaq topping about six percent. we have seen a wave of techipo's but the question is, will the selloff give other tech companies pause before going public? cory johnson has more. companies like alibaba and others are preparing to go public very soon. will this hold them back? marketvoid the stock show a lot because we focus on the businesses. when we have a significant change in the market, it will affect the way companies invest in themselves and whether they decide to do an ipo. if you are a young company and you are flowing in, thinking you can build your business and spend. conserving cash can expect the entire technology community. >> we have been talking to investors and we are hearing they are starting to pay attention to the ridiculous amounts of capital flowing in and the public market

sony may recall thousands of vaoi laptops due to overheating of some batteries supplied by panasonic. the potential recall comes as the ceo looks to revive the company through restructuring and job cuts. sony shares, as you can see, are slightly higher in the tokyo trade. >> we are seeing some fluctuations in the market, but mostly, it is a down day. let's head back to the markets with is that the. >> that's right. it comes after the s&p 500 fell to the two-month low on friday. shares on the nasdaq leading declines among the tech sector. let's take a look at how it is filtering into asia. a modest upside for jakarta, singapore, vietnam, and south korea. elsewhere, we are lower. to lunch.ares to go this is what we have in tokyo. suzuki and toyota has been big movers to the upside. watch the automaker space today. retailers, the most heavily weighted stocks on the nikkei 225, leading declines. sharp, lower by 8% in the tokyo session. here is what you want to watch out for in hong kong as trade continues. as we continue to assess the impact of this cross-border agreement to boost trade b

panasonic does as well. polaroi polaroid. everybody has a small camera. but they own 2/3 of the small cam corder market and they have done this by marketing the product very successfully. >> the kleenex of the cameras. amazing. >> what does it cost to market these kleenex? >> yes. good one. what it is is they provide all their users, anybody can download a gopro editing software for free. what's really neat is that they insert a gopro still before and after that video. almost every gopro video you see on youtube is created through this software that turns it into a commercial. >> that's amazing. matt burns of tech crunch. we in the news business have used gopros and put them inside 3d printers and also used it in our test drive of the tesla guy. >> yeah. what's that song coming in that said you liked the song, something about driving? look at that. that's you and i. >> yeah. >> i know i wear my gopro every time i go out there. i think karen's question was right. he made the point they have effectively come like q-tips and jello and other things that have

even panasonic, supplier to tesla is backing off that i love the headlines in "barron's," final frontierprofit for tesla. melissa: let me try to bring the conversation full circle. the old school ceo is jack welch, jeff immelt type of guy. the new ceo is the company founder, who is innovator, elon musk, takes a ton of risk. >> for some out there in tech. melissa: if this is the corporate culture, how has things changed? >> i don't understand the question? melissa: is this the new model for the ideal ceo? he has to be founder and innovator? >> these are innovators. ge is founded by thomas edison, i don't know. >> original dow 12. >> hopefully he is gone. i would say this, these are high pressure jobs. these are burnout jobs particularly in big companies. tesla is much different company than ge. ge is a huge conglomerate. its growth days are probably over. >> should it break up? >> maybe it needs to break up. >> that is the right move but the progress has been slow. >> what do you want him to do? >> got to get better margins. margin improvement has been too slow and is that righting to get

the video was actually part of a panasonic ad campaign before the 2004 summer olympics. >> always goingong. four more coming. four. >> yes, believe it or not, that is what watching tonight on the show. if you want to see more of the videos we just showed you go to gretawire.com. and hold on it your seat. your government that's the u.s. government apparently thought the way to overturn castro was by tweeting him off the island. agency for international development admitting to secretly creating a phony cuban network meant to undermine the castro government. senator leahy quoted as saying, dumb, dumb, dumb. manuel joins us broke the story, had the story this morning. i read it and had to have you hear. what is this? >> you can't just make this stuff up. the associated press got all these documents that shows that this plot that we had to make this network down there. they named it after the sound humming bird makes, the slang words that the cubans use for that it was a whole network using text messages. to dry to undermine the cuban regime. >> twitter. >> facsimile. this was the way that

panasonic is falling way short of profit estimates.ts are estimated at 14% below estimates. you can catch all the latest in tech and media right here at 1:00 and 6:00 eastern time on "bloomberg west." we have been watching the futures market that is slightly higher. we have the top 10. happening right after the break. i will see you right back here. ♪ >> welcome back. you are "in the loop." marketsg tv is on the for you. olivia sterns has the latest on futures in these last moments before the opening bell. >> futures are trading higher. that is good news because we saw them selloff last week. we saw tech stocks get hit pretty hard. pare gainsfutures slightly. tougher sanctions on russia and some of putin's center circle. futures are still holding onto gains. we will be on the markets again in 30 minutes. >> let's count down to the opening bell. these are the only trade to need to know about today. joining us.is i will start off with number 10, facebook. they recently reached out to the maker of the monster shooter game. number nine is

panasonic, the potential recall comes as the ceo looks to revive the the companies and restructuringob cuts. in tokyo.ain the euro sliding. does the eurozone as iraq he said need more stimulus -- draghi said need more stimulus? we will look after the break. ♪ >> you are watching "on the move " coming from hong kong. we are expecting some bigger names from the u.s. as the headlines, for banks and tax. guess coming from banks and tax. >> big names coming. heard center, we have from wells fargo and jp morgan. citigroup reports on monday and bank of america am american express on a wednesday. morgan stanley and goldman sachs in a short week. markets will be closed for the good friday holiday. according to a bloomberg surveys, chavez from the five biggest banks probably fell to $16 billion down at 4% from a year ago. the frayes are joining include tech giants google, ibm, and general electric as well as coca-cola and pepsi. maybe a short two week, but certainly packing in a lot in the four days. twochair janet yellen have speeches planned. one of tuesday in a vent sponsored by the atlanta

a sonic, advertising profits below estimates, japanese consumers are not expected to buy as many panasonicecause of the sales hike up that went into effect in april. >> very good, scarlet. of course, the president is on asia,fth tour of announcing this morning that the united states will impose new sanctions on people, companies, plus vladimir putin. phil mattingly is traveling with the president and joins us from manila. the president will fly back. is he going to fly back and look at this as a successful trip? >> the way they are looking at it right now, yes. big tradeot give the deal, but they did not expect to. instead they got the ability to reassure for countries in the are gettingmaybe we nervous post-ukraine, post serial. the administration feels very good about their efforts over the past eight days. >> how much support will he have from democrats and republicans on this next tranche of sanctions? >> think it will be across-the-board support, for sure. republicans want him to do more. john mccain said this weekend that he thinks the obama administration should be arming the ukrain

if you are an automaker, you care what panasonic sa battery innovation curve looks like.ent thing than i had to worry about five years ago. asis now core to my success a manager. >> you talked about how management does not measure resource productivity. what is it mean? what do they focus on incorrectly? >> if you are a cfo, you know exactly what the return on capital employed is to two decimal places. you actually know what your return is for employee. you have no idea how much return you get for the resources you put into the country. >> i want to open the conversation a. let me make an observation. as beingon uber transformative. big deal. -- itt $33 this weekend was raining so hard, 33 dollars to go half a block. part of this discussion is an elite discussion. in your purpose economy and that her economy, matt rogers world, it is an elite discretion. >> i disagree. >> lease. >> the standpoint of drivers. enabling a whole new business for those drivers. same thing with whole foods. a lot of these businesses that are helping provide purpose, what they are doing is chang

i can on my panasonic, but not sony. if you could ask -- answer those questions, i would probably sleep better if i had an answer to those questions. i will try. in terms of the second question, looking at the recording broadcast content is something the supreme court is looking at right now. there was a startup called aereo and they've strained the broadcast content and you could dvr it basically. they say it is just an antenna stored in the cloud. nothing new. the supreme court is about to decide if it is something new or not. the question of when you can record and keeping certain technologies from recording technology, they are being worked out of the highest court. we will see what they say. in terms of the first question, i personally do not know the exact advertising structure of time warner cable. if you are looking at the cable channel or broadcast channel, they have to negotiate with that. i am sure that is included in the conversations but these companies do not like to go public with the big heels. that is so

made by panasonic. >> ending the day down triple digits.ect once tech kicks into high gear? the head of rbc. you switched from rbs to rbc. what's your take on what's happening this week? >> we had a selling off of stocks. facebook, twitter, netflix, those are the five up 100% or more last year. some of these valuations got ahead of themselves. >> they can come back by the end of the year? >> i think so. >> is there a particular move? what's happening? >> i doubt it's a secular move. you just created a pretty interesting buy opportunity. we put out a basket of stocks going into the year. you can get internet exposure for 15 to 25% earnings growth. when those stocks correct, step in and add to positions. >> that's defensible. >> yeah. >> what's amazon to you? >> amazon is a different case. >> story stock. >> one that will be proving out profitability this year. we think the cash flow will double this year. near term we think there's less risk to earnings than we have seen in some time. we think across the board earnings will be in line. most