prada is trading as a premium.r today's performance, andrew sullivan advices hanging on to prada stock for the long term. andrew. >> i love the fact prada trading at a premium. we all love premium in asia. ramy, thank you so much. ramy inocencio, asia business analyst. nina? >>> video game sales in the u.s. fell slightly but still worth a healthy $13.6 billion and now projected to hit $17 billion by 2015. one company that's positioning itself to take advantage of that kind of growth is the french game maker ub soft, a business that got its start in the most unlikely place. jim bittermann has the story from paris. >> reporter: just another day at the office if your office happens to be at computer game maker ubisoft and if you're developing its latest video game, "just dance 2." if you want to evaluate the real gamer experience, you have to just dance, too. it's one of the most recent games in development, a company which the french like to point to as their own version of apple or microsoft, mainly because of its o

we have the prada debut on the hong kong exchange. the timing couldn't be worse given the rest of the world is not looking too strong at the moment and i guess luxury suffers when that happens. is there going to be a pop tomorrow? >> prada's not doing so well right now. looking at the gray market. its share price has been down by as much as 2.5%. that points to a fall in price that we're expecting for tomorrow's official start of trade. let me take you to a look at the hang seng over the past -- the year-to-date. because of the skittishness, the stuff that's happening with prada is making sense against this macroeconomic background. in april, the hang seng was trading at its high, around 24,000 points touching the high it hit earlier this year. since then, the market has actually gone down and today we've seen it drop by about 11%. now, around here in may, is when they started their soft marketing. june is when they started the hard marketing. as all this happened as the hang seng fell basically that took away investors' appetite for

prada's hoping to fill its purse with at much as $2.6 billion.s based on figures and the prospectus released over the weekend. the milan-based fashion house says it will share over 143 million shares. it's pricing each share of between the range of $36.50 and 48 hong kong dollars. in u.s., 48 dlp on the low end to $56 on the high end. if the shares sell at the low end, they could pull in about $2 billion. but we get the 2.6 billion dollar figure if they go to the high end. that would value them at more than $10 billion in total. it's the latest in the series of luxury brand listings koling here. it will be the first of the italian luxury maker. just last week samsonite raised it. we've got coach, jimmy choo thinking about it as well. it's the place to be, charles. >> you can say that again, ramy. ramy inocencio joining us again, live, from hong kong. okay. so, ramy, it seems like it may not be fashion, but football is heading to hong kong too. i gather despite some of the blues they've had, man chester united could be heading there as well. >> th

the hermitage capital hedge fund william browder has reportedly been taken off russia's wanted list prada had been accused of tax evasion like his former colleague sort of magnitsky whose death in a pretrial detention center two years ago spot a global controversy parties you go to prison office more. this is quite a high profile case william browder is the c.e.o. of over a large for investment fund the hermitage capital and he was personally suspected of being part of this huge tax evasion scheme we're talking about tens of millions of dollars which the authorities were saying i should have been paid to the state budget but now william brought his name has been taken off the wanted list in russia and this case has been taken from the group of the investigators who've been working on it seems to thousand and seven to a higher police authority you know there are several several reasons possibly for that the first one is that this case is it nearing its high expiration date so we can be closed in the near future secondly there is speculation that this way the authorities wanted to provide a

that was the headline that is europe today prada and upper back with a recap of our headlines after a few moments followed by a guide to the russian capital moscow art stage. in one thousand nine hundred two dr ralph brin straight university of pennsylvania said what if i can take the gene responsible for growth in human beings and put it into a mouse. form of the main risk issues that there is a ninety five percent of all competent scientists in these fields are working for the producers side and only five percent are really gender mean the independent. there is not a lot of science that says train genic fish is unhealthy for people to consume which is what the food and drug administration looks at there's a lot of concern about the environmental impacts if the transgenic fish escapes what kind of horrible impact will it have on the rest of the fish population don't know what this might do to us or our children or our children's children in our congress here in the united states or our legislators rather will be bought all these different laws tax laws and. what could be more importa

prada will be debuting next week. let's go back to ramy inocencio.of a difficult time to be putting shares on the market. how did samsonite do in the end? >> that's what it looks like. every company hopes the company will pop on the first day of trading. that's not what it was like for samsonite. let me bring you on up to a touch chart that we have. basically outlining the day's performance. samsonite's share plunged more than 10% before it peared some of the losses. the stock was down 7.6% at the close at 13.4 hong kong dollars right there. tim parker, he's ceo of samsonite international here in the studio. thanks very much for being here. >> pleasure. >> samsonite's ad campaign is called step out. and basically you guys stepped out today but you sort of stumbled in the market today. tell me about that. >> i wouldn't say it's a stumbling. the market stumbled and we've stumbled a bit less than the market. to end up where we have, to be honest, is not a bad result, considering turbulent conditions out there. >> all right. what are you citing right now

prada is now trying its luck at its first initial offering. it was discounted sale of the handbag company that allowed it to raise $2.1 billion. seoul, shakospi and shanghai bo losing. >>> more on the weekly benefits claims fell and new home construction rising but it was still overshadowed, yes, again, by the european debt crisis. the dow was up. the nasdaq, however, was down by a third of 1% and the s&p 500 was somewhere between those two firsts. and here's where the figures stand today in the u.s. down across the board. we do have a number of hours before things kick off on wall street. >>> well, the talk offed by money and big opportunities for business continues in russia and we're live at the international economic forum in st. petersburg next. new neutrogena® rapid wrinkle repair. its retinol formula smoothes wrinkles in just one week. why wait if you don't have to. neutrogena®. >>> hello and welcome back to "world business today" on cnn. in other top business stories for you. documents claim that dominique strauss-kahn pleaded immunity

physical not literal she said she love me ♪ ♪ but what i'm feeling is minuscule i understand that prada thicker than model make up but ya'll wait up my mind racing my toe slippin a lot of women ♪ ♪ is real some -- robin givens i never give 'em no liquid no pot to piss in ♪ ♪ i tend to leave them quite offended if they too dependent i'm pitchin' -- ♪ ♪ that's dreamin' thinking i'm trickin' chicken i'm simply -- ♪ ♪ with -- that know they whole position that's real -- real -- life ♪ ♪ i give my heart to one broad the others get the pipe i ain't tryna fight ♪ ♪ i ain't tryna fuss i trying for the money they try to fall in love ♪ >> "self made" is in stores right now. put your hands up. put your hands up. ♪ tupac back tupac back there's all these -- screaming that tupac back ♪ ♪ all eyes on me better picture me rollin' buying brand new rims but them -- ♪ ♪ is stolen stranded on death row brenda having my baby but i'm stacking my paper ♪ ♪ i need a brand new mercedes they screaming tupac back tupac back ♪ ♪ there's all these -- screaming that tupac back huh tupac back ♪ ♪ i'm two -- strapped

she lived with her partner, david prada in a farm house. she was a passionate photographer. she had after her daughter was born. she decided to document her daughter's life in great detail. she relished doing that and took pictures of nora all the time. by the time nora was eight, she had taken 35,000 photographs of nora. these are not digital. these are roles of films developed at the processing labs. all of those pictures were numbered and filed and archived in cardboard boxes in her dining room. stacked up. she wanted some day to put together a book. she was going to have a lot to chose from. on july 6th, 1999, cynthia scooped up 11 rolls and took them to have them developed. a few days later, ten of them rolls came back, one did not. she assumed the roll had been lost in the lab. she began calling the lab to track her down. it really upset her to ever lose a photograph. she knew some of them had pictures in the daughter in the bathtub. it didn't dawn on her to worry about that. she had taken photographs naked a long with all sorts of other pictures, most of them has been

she lived with her partner, david prada in a little farmhouse outside of town. cynthia had had become a passioe photographer after her daughter had been born. and she decided to document her daughter's life in great detail, and she relished doing that, and she took pictures of nora all the time. by the time nora was 8, she had taken 35,000 photographs of nora. these are not digital, these are rolls of film developed at discount drug marts processing lab. all of those picture were numbered and filed and archived in card board boxes in her dining room, stacked up on her dining room wall. and she wanted someday to put together a book, but she was going to have a lot to choose from. on july the 6th, 1999, cynthia scooped up 11 rolls of developed film and took them to the discount drug mart to have them developed. and a few days later ten of those rolls came back, but one did not. cynthia assumed that roll had been lost in the lab, and she began calling the lab to see if they could track it down. it really upset her. she knew some of those photographs had pictures of

prada is thrown up as a big example of this. and understanding they're not a u.s. company. asia is having a huge surge in consumer demand. a lot of their demand is in ash a, want to list in an asian exchange. and that's all part of us competing on a world stage where other places are starting to gain prominence that they didn't have in the past. our response to that just has to be to compete harder. >> mr. katz, in your testimony, you say that there was very little competition among the four floor-based equity options exchanges before you founded ise in 1997. you credited the ise launch with bringing competition to the u.s. options industry. should we be concerned that by merging ise into the same corporate family with nyses, arca and amex exchanges, ise will cease to operate has a maverick competitor? >> i don't think this subcommittee should be concerned about a lack of competition in the options industry. since ise's launch becoming the fifth options exchange, an additional four exchanges started trading options. and there's even another one announced to begin trading in

[applause] thanks so much for that introduction and jess being a prada volunteer i've got to kind of be concerned about some of the decisions or athletic director made recently and also bruce pearl in the basketball team but not as bad i guess as the ohio state fans who look up to some pretty bad news. [laughter] but it's an honor to be here and i was reflecting with danny about the fact that when the heritage foundation the new facility here was being brought i have the opportunity back in 2008 to come and meet with danny and that was still my first run for congress, and of course we felt about five percentage points short. but to now be standing here on the stage is absolutely phenomenal and i want to think you for all that you've done for me the past three years and the support and encouragement and wisdom you provided me to help me become an even better conservative leader for the country. thank you very much for that. [applause] >> we are here today with protect american on the end of the whole purpose is for me to kind of bring my experiences from the battlefield. washington, d

prada really down the runway. i bought the style for $7 at forever 21. a little bit of duct tape. yarn, which is really fun. it looks great against white jeans. >> the yarp i get is easy. but how do you line it up with the duct tape. >> easy. the tape itself has a clean edge. you layer it over and over and clip it. this is great with embroidery thread that's smaller. give your shoe an update. add a little color. and bags that may have been tattered. maybe give them an update too, a clutch. >> i love that. the neon colors are hot. >> it's great to add a pop of color. i love turning stuff out of my junk drawer. again this, is paper clips linked together like you did in high school. and with tape, duct tape wrapped around to make this tribal necklace. we did it with different colors. gold or silver safety pins. >> you link them together. >> to make a at tthe design. i love bobbie pins. i put them on a ball chain that you can get from the hardware store. you can put them on hooped earrings if you see that and make great necklaces. >> you can do it in seconds. great. >> in seconds, you

prada is thrown up as a big example of this. and understanding they're not a u.s. company. asia is having a huge surge in consumer demand. a lot of their demand is in ash a, want to list in an asian exchange. and that's all part of us competing on a world stage where other places are starting to gain prominence that they didn't have in the past. our response to that just has to be to compete harder. >> mr. katz, in your testimony, you say that there was very little competition among the four floor-based equity options exchanges before you founded ise in 1997. you credited the ise launch with bringing competition to the u.s. options industry. should we be concerned that by merging ise into the same corporate family with nyses, arca and amex exchanges, ise will cease to operate has a maverick competitor? >> i don't think this subcommittee should be concerned about a lack of competition in the options industry. since ise's launch becoming the fifth options exchange, an additional four exchanges started trading options. and there's even another one announced to begin trading in