coming up, what's next for radioshack?he stock has been delisted and you have big tech giants like amazon and brookstone and sprint all looking at radioshack as a possible acquisition. can they save the day? ♪ >> i'm cory johnson this is "bloomberg west." a u.k. based financial tech startup is aiming to democratize international money transfers. that's not how it works -- it's lowering fees and it's looking at lots of different places were currency is trading. joining me to discuss the company's big plan is the company's ceo. you already got a valuation of over a billion dollars and you are hardly off the ground. i think it speaks to the opportunity of money transfer. >> it is absolutely an opportunity and i think it's right in saying the banks are behind the technology curve. >> are they behind in this is this is a charge so much? it's a great business for them to take a huge dig off every time someone moves money from one country to the next? >> i think so. i think that they can is part of the story but they are having a

low-calorie best buy. >> radioshack is antiquated. >> radioshack is local. >> radioshack is right acrossoshack is an last-minute option. >> i would feel terrible. >> if radioshack went bankrupt, it would not affect my life. >> i do not go there, so i would not feel like there is a void in my life. >> i do not see a point of a radioshack in 2015. >> maybe not in 2015, but when my husband was a kid, he spent several hours each week at radioshack. they sold a radioshack grabbed back, and in it were spark plugs, wires, a battery, a matchbox car. every week that's where he spent his allowance. the radioshack business plan it stopped working 25 years ago. >> it will be a tragedy if they cease to exist. i have a receiver that stopped working, the only way to get it start working is to get capacitors. where will i get them if there is no radioshack. we will be back in two minutes. ♪ >> that is going to do it for "market makers." >> this handsome devil will be out for a while. >> that is true. kudos to my partner who has soldiered on through the soap feeling under the weather. >> or are you tweet

radioshack completed a deal to sell hundreds of stores to sprint, but sprint would allow the radioshackrand to continue as a store within a store concept. sprint and radioshack's largest holder standard general is in talks to i 1524 stores. the rest of the stores will be shut down. joining us is senior analyst know all here birds. talk to me about what this deal means. what is confusing to me is who gets the good stuff. there's a lot of junk in the real estate radioshack controls. >> i think we are really going to have to wait and see. you have effectively with amounts to a stalking horse bid right now from standard general for up to 2400 stores, but with the agreement for 1750 stores to operate as a store within a store concept with sprint. you would assume that they are going to go through the real estate book and pick the best assets. because it is a preliminary bid and effectively something to kickstart the bankruptcy you could still get alternative bidders coming in who see more value. >> is this the kind of thing where the bidders will actually go store to store and try to pick ou

on the verge of a bankruptcy filing radioshack in deep, deep water.n be coming in to throw them a life raft? glamorous long beach california, joining us from there is michael. this radioshack story, it really is a technology company focused on bringing technology to the masses and has been for a long time, story and they have just fallen on their face. michael: the emphasis is on the masses, and radioshack has morphed into more of a convenience store, so they are a rate place for a hobbyist to go, so if you want to build a ham radio, of course you go there but they really have you devolved into the place where grandma abbas hearing aid batteries for grandpa and the problem i think that they had with that is that they got kind of competed away by the rite aid s of the world and others of the world that offered a lot lower pricing, so it has seen its decline forever and the very company that put them out of business, amazon, stepping in and throwing them a lifeline. >> selling batteries, selling cables, selling headphone jacks, and then they do ok with

radioshack has filed for bankruptcy after a century in business.he electronic retailers name may live on. they will be selling hundreds of stores to sprint. it may allow a store within a store concept. here's some -- in talks to buy 1500 to 2400 stores. the rest of them may shut down. senior analyst knoll is with us now. noel, talk to us now. who gets the good stuff? >> i think we're going to wait and see. you have effectively what amounts to a stalking horse bid. for up to 2400 stores with the agreement to have 1700 stores to operate as a store within a store concept with sprint. jeff to look at a real estate book and pick the best assets. because this is a luminary bed and it could stop -- eight preliminary bid, and it could stop the deal. >> is this when the bidders will go from store to store and pick out exactly which of the stores they want? >> they will certainly be working by demographics. you will be looking at your class a states class b space. you want to watch out for redundancies with sprint. radioshack has a time of redundancy within

sprint has discussed buying up 2000 radioshack stores. the two biggest office-supply retailers in the u.s. are looking to merge. according to the wall street journal, talks between staples and office depot are in advanced stage. bp feeling the collapse in oil prices. fourth quarter oil -- fourth-quarter profit -- the company reported a $4.4 billion loss after running down the value of oil and gas fields. bob dudley told bloomberg that oil is likely to stay low for quite some time. >> you look at the fundamental supply and demand. it reminded 1986. -- it reminds me of 1986. able be a long time before we see 100 again. >> oil is up for the fourth day in a row. more than $51 per barrel. there is likely to be a settlement in the government's sub prime mortgage bond suit. s&p would pave $1.4 billion to settle claims before the financial crisis. s&p will not admit it did anything wrong. breaking news. angela merkel is saying they are going to wait for recommendations from proposals as a greek government on their debt situation. i know hans nich

we're going to be talking about radioshack. the end may be nigh for your local radioshack store. we will tell you what to be the final nil in the coffin for the electronics retailer. this is "bloomberg surveillance." ♪ >> good morning, "bloomberg surveillance." "in the loop" just a blitz on any number of topics including the death of a usterity. >> news corp. will not be prosecuted in the u.s. over the phone hacking scandal. the justice department had been investigating if the hacking took place in the u.s. and also looked into whether alleged payments to u.k. public officials broke anticorruption laws. the department says it is not pursuing charges and closing its investigation. alibaba looks to boost its overseas expansion. they're offering loans through lending clubs. u.s. businesses will be able to apply for short-term credit lines of as much as $300,000 to buy goods from chinese suppliers on ali baba.com. they want to reach some 2 billion individual customers and 10 million small businesses outside china. founder jack ma says the cop does result its promise -- problems with

we keep you posted on any developments, but radioshack stayers -- review shack shares have been -- radioshacks have been a penny stock for a while. >> they had 4300 stores all over the place, but you wonder if those stores are in the right locations that sprint without -- would want that many? >> i don't recall them being a lot of malls, but they are in strip malls and wide ranged in locations. there would be a battle with bankers and lenders over the real estate and control of the company. is a lot that needs to be figured out, which is why these negotiations are ongoing. >> there is some irony, because they tried to revive they are struggling business a few years ago by focusing on feature phones, not smartphones. selling phones from people like sprint. they face planted on that one. >> we saw how that went. >> scarlet fu, thank you. alibaba chairman jack ma speaks out after the chinese government released a scathing report. the industry and commerce says the comedy was widespread, and the comedy wasn't doing enough to fight it. ma spoke about the issue in hong kong. >> we have a problem al

radioshack. ubiquitous.will close a bunch of stores. >> i tweeted the trash computer that i felt was part of my elementary school. i miss it. r.i.p. radioshack. >> a lot of people are saying what is john talking about. >> get out of your basement. "early start" continues right now. >>> ending the war in ukraine. happening now. u.s. and european leaders debating how involved to get to stop the violence and keep russia from making a new land grasp. >>> jordan unleashes new wrath on isis bombing the terrorists in syria and iraq promising there is more to come. we are live as the war against isis escalates. >>> measles outbreaks spreading. five infants at one day care sick with the disease. new cases across the country. health officials warning things will get worse before they get better. good morning. welcome to "early start." i'm christine romans. >> i'm john berman. it is friday february 6th. the obama administration doing what it can to try to stop the escalating battle for eastern

. >> breaking news on radioshack. let's get to dom chu. >> now we have it on the record.ad radioshack has filed for chapter 11 bankruptcy, the idea they can reorganize under court supervision with regard to their assets. this company is not at all -- traded for nine cents a share. >> now in delaware court they have made it official. they filed for chapter 11 which, again, means the reorganization of the company under a judge's supervision. of course, we've talked about a number of names, including sprint possibly looking at their stores, maybe even am zorn so we'll see what the next chapter is. right now rsh, that's what it used to be known for, filing for chapter 11 bankruptcy. >> old habits diehard. dom chu, thanks for that. what can be done for the assets? >> gives them flexibility, can get out of crappy leases that they have, try to reorganize around their best stores. we talked the other day about whether this is good for best buy. >> right. >> kind of low-margin business. i can't believe they have hung on for -- >> this long. >> it's amazing. >> guy likes to buy his

radioshack, you've been there a lot. when you saw the "weird al" yankovic ad before black friday did you raise into the store. >> black friday, something else i know nothing about. i'm a child of the mid 20th century. radioshack is retail rocks. goes how dynamic the economy is. eventually 20, 30 years from now we'll be having this conversation about google. we having about uber and google and wall the ma. they are falling behind. melissa: you have to change with the times like everyone else. they were behind. >> creative destruction of the free market. like rich i'm very sad to see radioshack go. i was there two weeks ago. melissa: wait, wait. you're the one. you're the one! what did you go to buy. >> buy a capacitor or transistor? >> a car charger for my new blackberry. >> core audience in radioshack. melissa: what did that set you back like 3.99? >> about 12 bucks but not enough. >> did they throw in a need dill for the record player? >> make fun. melissa: can you remember if there is one near me and i sort of go -- >>

the reason the radioshack over my shoulder figures in not one but two pending legal cases. they have become a complication of the digital able, those pictures on your bone. you want to see the bacon? we carry them, share them, in marin county today, mark cooper joked about them, to a point. >> if you took them without my knowledge, yeah, i would be kind of upset. that's my bacon. >> reporter: according to the marin county district attorney, there was a lot more than bacon on the phone that christine porter took into this radioshack in corte madeira asked the employee to fix the cracked screen and told police later the now former employee had pulled 17 photos of her from the phone and texted them to himself. >> your private space your phone. so when somebody takes your private information it is a violation of your privacy. >> reporter: a felony for which 24-year-old jose robert miranda in richmond appeared in court this morning. he did not enter a plea. he is out on bay. in addition to press the criminal case against miranda christine porter is now suing him and radioshack f

in a radioshack since they stopped giving out battery cards. [applause] i believe i still have some. you guys recently partnered with them. from my understanding, you are going to put items in stores. but you have essentially changed the entire supply chain for them. >> yes. i spent 10 years in the retail business. before i set up pch. in retail there are very different types of retail. there's destination and high-speed retail. when you look at typical cell phone carriers stores, that is a destination retailer. if someone walks into a destination retailer, they are going to get a cell phone. that is what they want. the products that we work with that is not what we want sold. you want them sold where there is a better experience. today consumers want to have a great experience. they want the entire experience if they are going to brian -- buy a product. we think that radioshack is a company that can actually do it. joe and it seemed there have been phenomenal to work with. they understand high-speed retailing as opposed to destination retailin

coming up, the fall of radioshack.e stores will go to sprint, the other half will be shut down. linkedin is expected to pop at the opening bell. the comedy came out with a much better the next -- company came out with a much better-than-expected forecast. ♪ matt: oil is on a roll, heading for the biggest two-week gain in 17 years. and what does the white house have to say about the jobs report that shows the u.s. added 257,000 jobs in the month of january? we will talk to labor secretary tom perez. you are watching "in the loop" live on bloomberg television and streaming everywhere. ♪ matt: welcome back to "in the loop." we are 30 minutes away from the opening bell. i am matt miller come in for betty liu. futures indicate that stocks will open higher. after the jobs report half hour ago 250 7000 jobs added in january. earnings also -- 250 7000 jobs added in january. earnings also rose. the leaders of germany and france will meet with russian president vladimir putin in moscow. their goal is a peaceful solution to end t

radioshack is one of those brands.> world leaders pushing to end the war on ukraine. a flurry of activity. "new day" starts now. >>> it's time to provide ukraine the ability to defend itself. >> we cannot close our eyes to tanks that are crossing the border from russia. >> we will not be able to give ukrainian forces enough equipment. >> to get these, you have -- peace, you have to defend your country. >>> jordanian f-16s took to the skies over syria, striking 20 isis targets. >> we're going after them wherever they are with everything we have. >> they're not as bold as they once were. >>> i want to apologize, i said i was traveling in an aircraft that was hit by rpg fire. >> i don't think this apology went far enough. >> should he be fired? i think the honorable thing is for him to resign. >> announcer: this is "new day," with chris cuomo, alisyn camerota and michaela pereira. >> good morning, welcome to your "new day," it is friday february 6th just about 6:00 in the east and right now world leaders are scrambling to

the consumer electronic chain radioshack filed for bankruptcy. radioshack was founded in 1921. it plans to sell up to 2,400 stores and close the remaining 4,000. the chain introduced one of the first mass market computers, but shoppers have shifted to buying online and the chain hasn't turned a profit since 2011. >>> the labor department releases the january jobs report today. last year nearly 3 million jobs were created. yesterday jobs surged on wall street which is now on track for its best week since 2011. the dow gained 211 points up about 700 points for the week. the s&p added 21 points and the nasdaq finished 28 points higher. >>> drugmaker pfizer is buying hospira. they plan to pay about $90,000 in cash $15 billion. like other companies, pfizer is trying to generate more sales as its big money makers go generic. >>> three months after an embarrassing cyber attack crippled sony pictures co-chairman amy pascal is stepping down. pascal plans to launch a new production company focusing on movies, tv, and theater. she came under fire for racist remarks. she speculated on pres

on the flipside, radioshack on the brink of bankruptcy. we'll discuss it with a former office depot chair around ceo. david: plus is oil or the rise of oil recently carrying the market on its shoulders? what would the market look like without oil's bounce? we'll talk about it with our panel coming up. liz: goldman sachs makes a bold prediction calling one stock will rally 25% this year. one single stock. which one, david? oh, we'll tell you who straight ahead. ♪ the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. if aunder a microscope, put we can see all the bacteria that still exists. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture everyday. ♪ by 1

radioshack? >> yeah, it's tough. day that radioshack shares are no longer traded on the new york stock exchange. this is a 94-year-old retailer that is now reportedly preparing to file for bankruptcy. what's going to happen to its more than 4,000 north american stores? one report says radioshack is considering selling half of them to sprint or maybe amazon.com that would love to use these little stores as display areas for top projects and products. sprint and radioshack have also discussed co-branding a few stores. amazon reportedly would use them -- you know there's one in every corner practically. they'd use them for pick-up and dropoff sites and to showcase their product line. the report says radioshack would close the other half of its stores. >>> well, billionaire warn buffett has huge energy investments from utilities to oil to gas to pipelines. look at him in that huge media scrum at his annual shareholder meeting. well, 2015 will be bigger than any other year. it's his 50th year, his golden jubilee. and is w

back in november, a woman says she took her phone to the radioshack store to get a broken screen fixed. when she got the phone back, she realized 17 of her photos were texted to an unknown number. >>> now to a follow up on a deadly fire in san francisco. donations continue to pour in for the 38 people left homeless by this fire at 22nd and mission streets. those people likely won't see all the money. a gofundme page has raised $160,000, but fee also take thousands away from that total. >>> police need your help catching a man bothering a child. officers in daley city released a sketch of the suspect. six separate times over the past few months a 10-year-old boy reported a man driving by and waving to him. one time the man demanded the boy get in his car. he said no and ran home. >>> president obama comes back to the bay area this week. >> he's no stranger to the area. usually here for money, but this time fewer photo-opes and fund-raisers and more action. he will address stanford on friday. it's the first time in 40 years that a sitting u.s. president will make a speech at stanford uni

radioshack has turned the rumor into reality.filed for bankruptcy protection. 2400 stores -- 1000 stores will be turned into sprint stores. radioshack is now a real estate -- you can bet on crude. the industries billions in spelling cuts are paving the way for price rebound making show producers good investment. -- shell producers good investment. >> this week, we have been highlighting the best hedge fund managers in the world. from the 2014 hedge fund 100 list these are the funds that had the best performances of the year. today, we have the ceo of alternative asset management -- he has been on this list before. his firm focuses on distressed debt and returned 12% last year placing him at number 34 on the list. welcome back. how did you do it? >> same as always. focusing on bankruptcy restructurings. last year, a lot of infrastructure names we were able to buy from european banks and put ourselves in a good position to put those assets up for sale or running the many lower debt load. >> we just looked at the jobs numbers. the o

radioshack has more than 4000 u.s. locations.tandard & poor's will pay almost a billion and a half dollars to settle claims it inflated rainy -- inflated ratings on subprime markets on's. -- subprime mortgage bonds. they are settling a similar claim with calpers. s&p will pay calpers $125 million. our -- author harper lee is back with his second book more than 50 years -- with her second book more than 50 years after the publishing of "to kill a mockingbird." this will be -- chipotle is out with a earnings after the bell. the restaurant is doing with its controversial decisions on its pork products. "bottom line" continues in a minute. ♪ >> as to belay prepares to report after the close of trading investors remain unfazed by the restaurant's pork problems. they harm -- they halted sales of carney does in what one analyst calls a rolling pork blackout. julie hyman took it closer look -- there is a giggle effect, but this is serious stuff stop >> rolling pork blackout is a pretty fantastic phrase. it's a serious issue because chipo

people -- brendan: when you used to do with radioshack.s has been counting the number of rate lowerings we have seen. olivia: we are about 15 central banks who have cut their key rates since the start of the year and it is only february 5. the question was always going to be with her mark on your would be the first to raise rates and everybody in the u.k. #20 or janet yellen will be the first -- whether mark carney or janet yellen would be the first raise rates to die someone economist early economist earlier this month a 2016. tom: the ukrainian currency implodes, moving 32% by one report as they flow the currency waiting for the imf. 24.50. rubel a little bit stronger. olivia, what do you have? olivia: pfizer is going to bite us bureau for $90 a share. -- hospira for $90 a share. but nice premium there. obviously, there is been a lot of interest in m&a. they failed to take over astrazeneca earlier this summer and everybody wanted what they would do with all the cash and looks like a finally pulled the trigger. brendan: one more step in a

radioshack appears to be a member to joining it. and shop on amazon. >> plus, meet ben carson, a republican presidential hopeful you may not have heard of, but he is leading both jeb bush and chris christie in iowa. ♪ looking at the united states as the greatest marketplace in the world, make a big hit. >> you pointed out it is structural. >> another part of the structural shift is this generational shift that we're in the middle of right now. you have got the boomers, who are retiring downscaling, and the money they do spend today, it is more on travel leisure entertainment, health and wellness, then on stuff. they will be placed the -- replaced by the millennial's coming on. larger in numbers but their wallets are smaller. >> they are larger also in actual corporate size. take a look at this great chart that shows square feet per capita in the u.s. versus france, germany. >> that is out of my book. >> a fantastic chart and it is shocking especially to people who have been overseas and feel like there are a lot of places to shop th

wayne freedman tweeted she went to radioshack for a cracked phone screen.ne will radio have reaction on abc7 news at 5:00. >>> a former stanford swimmer pleaded not guilty to rape charges today. brock alan turner is accused of raping a woman he met at a party last month. he is facing five felony counts. >>> we could see an end to our dry winter. this picture was tweeted out today saying atmospheric river setting up shop over california this week. seven-day rain totals impressive if rain says it the course. just a few minutes spencer christian will tell you when that first storm is going to hit. >>> we known it was going to hit on the east coast. it is here and happening. the snow still coming down people in the midwest are also cleaning up after a massive winter storm cut right across the country. abc news reporter marci gonzalez with more now from new york. >> reporter: from nebraska to new england it looks and feels -- >> the wind blowing my fair, the sand sand and the snow. >> reporter: just like february. punxsutawney phil keeping good on his promise wi

in a radioshack since they stopped giving out battery cards. [applause] i believe i still have some. you guys recently partnered with them. from my understanding, you are going to put items in stores. but you have essentially changed the entire supply chain for them. >> yes. i spent 10 years in the retail business. before i set up pch. in retail there are very different types of retail. there's destination and high-speed retail. when you look at typical cell phone carriers stores, that is a destination retailer. if someone walks into a destination retailer, they are going to get a cell phone. that is what they want. the products that we work with that is not what we want sold. you want them sold where there is a better experience. today consumers want to have a great experience. they want the entire experience if they are going to brian -- buy a product. we think that radioshack is a company that can actually do it. joe and it seemed there have been phenomenal to work with. they understand high-speed retailing as opposed to destination retailin

." >>> in just a few hours, the former radioshack employee who allegedly stole photos from a customer cell phone suspected to enter a plea in court. jose miranda faces several charges including petty theft. back in november, a woman says she took her phone to the radioshack store to get a broken screen fixed. when she got the phone back, she realized 17 of her photos were texted to an unknown number. she is suing miranda and that radioshack. >> this morning oakland police hope a new surveillance photo will help them find a killer. police say this is the car that's wanted in connection with a double homicide in west oakland last month. it's described as a four-door, light blue 1994 mercury sable. it was last seen leaving the scene of a deadly shooting on january 20th. police are offering a $20,000 reward for any information leading to the arrest. >>> happening today, protests in downtown san francisco calling for an end to the violence against transgender men and women. >> stephanie chuang is live at city hall with the details. good morning. >> reporter: good morning. right in front of

. >> radioshack. the company has been delisted.state location. 4000 radioshack stores across the country. the airport bookstore. it is an airport. which properties are the best to buy. radioshack really is a great company right now. does amazon want to get into that? >> i thought that amazon wanted to do that. >> they pulled back on that. same story with mick on notes. can amazon afford to get into a bidding war on buying radioshack properties. >> i never figured out how they make money when they sell these weier connect theirs. rich has been following this for us. you and me, tax refund you late. >> it does not look too good. the administration wants third teen billion dollars. because of that, taxpayers can expect measurable service this year. the irs should spend its money more effectively. >> you are asking for money. we would be more likely motivated to provide more money if in fact the irs was spending the money it currently gets to deal with things like improper payments. we are at a point where we have no choice but to do l

defunct radioshack stores. the cell carrier plans to take up about a third of the retail space in each store selling mobile devices and sprint data plans. >>> have you thought about what gift you'll get your significant other for valentine's day? chances are you'll buy it online. but if you share a twice with your loved one, you could ruin the whole surprise. mark barger has this spoiler alert. >> reporter: whenever you shop online companies are watching and tracking every click. >> it's a pretty simple technology, a cookie not something you eat. it's a little file. it stores who you are and know where is you've be. >> reporter: privacy concerns. if you find that perfect valentine's gift it may find you op other websites. >> you don't have to click on anything. all you have to do is go to a webpage. >> reporter: simply viewing that page can trigger an onslaught of ads. >> if you share a device with your partner, these retargeting ads could ruin the surprise of your valentine's day gift. >> if you share a tablet

it may be the end of the road for radioshack. the company is in discussions to lease half of its stores to sprint and close the remainder. radioshack would cease to exist as a standalone retailer after nearly a century in business. people familiar with the matter say this is not a done deal, and talks could still collapse. apple is going to repurpose that arizona factory that was supposed to make sapphire glass for its iphones. apple is going to invest $2 billion in the factory to turn it into a data center. the phoenix area building will employ about 150 full-time apple employees, and is going to run on 100% renewable energy. apple originally set up the factory for the supplier gt advance, which filed for bankruptcy after apple decided not to use those sapphire screens. now to our leading story, uber is coming under fire from all corners as it seeks to spread its taxi hailing service around the world. the most significant threat to the app-based transport company may be closer to its own backyard. bloomberg businessweek just lea

they are trying to buy 2000 radioshack stores.he drumroll beats for the sec vote over open internet rules. the boat is tomorrow. today the house energy and subcommittee gave its two cents. joining us, larry down to testified this morning. what did you tell them? >> good morning. what i told them was the hearing is no longer really about the open internet rules. what the fcc is doing is going for title ii, this reclassification of the internet as a public utility. that is more worrisome to many of us than the rules themselves. what i did with along with a former democratic congressman, urged the committee to act as congress only can do and pass bipartisan legislation that would solve the problem without resorting to these crazy legal theories. >> is this a crazy legal fairy? >> no. i think the big isps have their small machines out to befuddle and confuse the media and people. let's start with the basics. we do have a lot of time. the question issue today is whether an agency in washington dc is going to have the authority as it ha

rick santelli. >>> when we come back, who should buy radioshack.making the move. >>> auto sales coming in all morning long. phil lebeau has toyota now. phil? >> the trend continues. toyota doing better than expected last month. sales increasing 15.6%, just a little bit better than the edmonds.com estimate of increase of 14.8%. so if you're keeping track at home basically looking at all of the major automakers reporting january auto sales increasing at least 13% or 14%. again, almost all of them coming in better than expected. >> phil thank you. meantime new york stock exchange suspending trading of radioshack moving to delist the stock. should mention, at well a penny stock at stock. market cap under $30 million. morgan brennan joins us with details from a radio shack in fort lee. hey, morgan. . >> hey carl, that's right, the nyse has started the process of delisting because the company does not intend to submit a plan to regain compliance with the exchange's listing requirements. the exchange multiple sometimes putting out warning that radio shack

the radioshack name going on the audio. -- on the auction block separate from the stores.e to win approval to leave the bidding. also trying to buy as many as 2000 radioshack yours after the company filed for bankruptcy. >> the drumroll beats for the ash -- at the sea -- the sec energy and commerce rules. today they will vote today on the rules so-called uncertain future of the internet. joining us georgetown center for business and public policy larry downes who testified at the hearing. what did you tell them gekko >> good morning. what i tell them is the hearing is no longer about the open internet rules. what the fcc is doing is going for title, reclassification of the internet as a public ability . that is much more worrisome to many of us than the rules themselves. we are urged the committee to act as congress only can do in passing bipartisan legislation that would solve the problem once and for all without resorting to the crazy legal theories. >> is this a crazy old -- crazy legal theory? >> i think the big isp's have their smart machines out to befuddle and confu

of credit default swaps that are basically offering protection for a single name companies like radioshackr kmart. they will package them together and pool them out and sell slices of varying risk in return for investors and it's a way to magnify bets on specific country -- on specific companies without having to on the bonds. >> history is always repeating itself will stop why not just go greek sovereign bonds? why get into something this structured and complicated? >> it comes down to pick your poison. do you want to bet on vladimir putin ordered do you want to bet on the ecb and the greek government or do you want to bet on companies you have a good research on and magnify those bets that you get bigger returns? a lot of investors, especially those in the u.s. that have had prior research are opting for companies a no. >> searching for yields will stop >> exactly. it's hedge funds, at some insurance companies looking for higher rated portions of this that -- of this debt and there are some alternative asset managers but the banks are not buying what they are selling. that's a benefit fo

we learned the radioshack is preparing to shut down the chain. it is a bankruptcy deal that will sell about half its doors to sprint and sell -- and close the rest. the location sold to sprint will operate under the wireless carriers name, that means radioshack would cease to exist as a standalone retailer. the world's biggest energy company is feeling the pain of the collapse in oil prices. fourth-quarter earnings plunged at exxon mobil, still, exxon beat estimates, but u.s. refining losses at a billion dollars, and cash flow fell 36%. the u.s. justice for department stepped up a investigation into movies. they're looking into whether they inflated ratings during the housing boom to win business from wall street banks. prosecutors are wrapping up a similar case against standard & poor's. the biggest tv rating in super bowl history, that's according to pre-luminary data from nbc. the network says the last-minute win over seattle was seen in 49.7% of homes in large u.s. cities. more on the super bowl ads coming up at the bottom of the hour. that's

radioshack has filed for bankruptcy following a levinsohn is -- has filed for bankruptcy. according to news reports tweets will up -- will appear in google searches. revenues came in at $479 million. it -- the u.s. will restore relations with cuba. americans can travel to cuba but tourism is not a reason. >> with the colorful streets cuba has been a dream holiday destination. travel is still banned for the average american. since january 15, 12 categories are included. hannah runs one company organizing people to people scores. >> we can have a direction between american and cuban. >> 100,000 americans have come this way. that figure could double. senators present a bill requesting a listing of the entire travel ban. in his good news for americans. joe will be able to enjoy all that cuba has to offer. >> a place that has changed and a lot of recent years, it will change more. >> he is not alone. a survey found that over 55% of respondents would like to go. >> with that it is a wrap of the business update. >> thank you. it is time for a look at what is making headlines. we

radioshack files for bankruptcy.near century-old chain and amazon may use it to showcase is hardware. amazon -- sprint has been named a potential bidder. >> the chinese company posted profits that the estimates. smartphone share sales group. >> glen eagle is up for sales. scotland's luxury hotel on the market. it has to capitalize unable with market and success of last year's ryder cup. it did not have a single golf pun and i am disappointed. we can add them later. >> let's talk oil. prices are of this week. oil is rallying. producers are scaling back output. at what point will the oil market decide on a new program? >> let's bring in our new guest. good morning. >> good morning. >> we are up nicely over the last two or three days. >> i think it is a combination. the markets did like the rate count they came out on friday. we need to know these fundamentals are change on the back end of the outcome, not to the front end where you need to take place. all the we are seeing is record number being built. and tankers bein

lorena facebook lorena - ots --sta maÑana se presentar en la corte "jose miranda" el empleado de "radioshackdo de haber robado fotos comprometedor as del telfono de una mujer. take vo --segn investigadores en noviembre pasado la vctima habra ido al local en corte madera para que areparar su celular. --sin embargo al recojerlo sta se di cuenta que "17" de sus fotos habran sido enviadas a un nmero desconocido por lo que inici una demanda contra el trabajador. --"miranda" de 24 aÑos enfrenta cargos por hurto y reproduccin de imgenes reveladoras sin autorizacin. lorena/take vo --- esta tarde en san francisco la comunidad homosexual protestar frente a la alcalda por el homicidio de una mujer transexual ocurrido el 1 de febrero... --''taja de jesus'' de 36 años de edad fue acuchillada en su apartamento ubicado en el distrito ''bay view'' y el sospechoso del crimen fue hallado muerto en una aparente suicidio.. --- este grupo de personas transexuales ha dicho que no se siente seguro en esta ciudad y aseguran temer ser vctimas del crimen y odio... juanfra hace dos semanas que la vida de decenas de fa

lorena facebook lorena - ots --sta maÑana se presentar ante la corte "jose miranda" el empleado de "radioshackdo de robar fotos comprometedoras del telfono de una mujer. take vo --segn investigadores en noviembre pasado, la vctima habra ido al local en la ciudad de corte madera para que arreglaran su celular. --sin embargo al recojerlo la chica se di cuenta que "17" de sus fotos habran sido enviadas a un nmero desconocido por lo que inici una demanda contra el trabajador. --"miranda" de 24 aÑos enfrenta cargos por hurto y reproduccin de imgenes reveladoras sin autorizacin. lorena/take vo --- esta tarde en san francisco la comunidad homosexual protestar frente a la alcalda por el homicidio de una mujer transexual el 1 de febrero... --''taja de jesus'' de 36 años de edad fue apuÑalada en su apartamento en el distrito ''bay view'' y el sospechoso del crimen fue hallado muerto en un aparente suicidio.. --- grupos de personas transexuales aseguran no sentirse seguros en esa ciudad y dicen temer ser vctimas del crimen y odio... juanfra facebook juanfra/ots ---hoy se presentar en una corte de ''la fl

radioshack employs 27,000 people across the country. it has lost money in each of the last 11 quarters to big box competitors such as wal-mart, best buy, and amazon. >>> one-on-one with this bay area idol hopeful. >> i just feel completely grateful and blessed for every moment that i've had. >> not one, but two storms approaching the bay area. rolling the models through the weekend, and laying out when to expect to heaviest rain. >> next, 2 investigates goes undercover at a bay area hotel. we ask if the former owner who once tried to turn down the building is still behind the scenes making money. >>> came back, came into this room. came into the hotel, and i cried. i did not know it was as bad as this. >> tonight, two investigates discovers families living in horrific conditions inside a bay area hotel. and this isn't the first time an owner of the building has come underfire from tenants. ktvu first reported on the former hotel in oakland, when its previous owner was convicted of paying someone to burn it down. >> new almost 4 years la

radioshack couldn't compete. they plan to close down half of its stores. >>> 29 ports will be shut down leaving count less containers -- they have been negotiating for months some some of the key rules -- the ports are expected to open on monday. >>> bank of america were welcomed free to science center in oakland. it continues throughout the year offering free admission on the first weekend of the month. bank of america is the second largest bank. >>> an iconic ship sails through the san francisco bay. we take a look at the cruise liner. our vision for partnering with more farmers, growers manufacturers is that eventually organic and natural will be the norm. for raley's that means a lot more organic and natural options on the shelf. and for our consumers, that means having a lot more affordable and readily available, healthy products to feed their families. sustainability is about making a difference in our community. it's about being happy, healthy and well for many years to come. to learn more, visit raley's f

again radioshack filed chapter 11 bankruptcy. it was expected by the way. >>> moving on now the database of the second largest health insurer in the country, anthem, was hacked compromising personal information for 80 million customers and employees. this is not the first time for the insurance giant either so what is going on? here with more details on the breach ceo and president of and former white house chief information officer teresa peyton. welcome back. i want to get you first of all a headline that came out late in the day on this story. "the wall street journal" reporting that it could have been chinese hackers in this case. do you buy that? >> well, we'll see as forensics continue of the you know for me, i think the biggest surprise here is not, is it china or is it your neighbor down the street but the fact that we had social security numbers and databases when we all know databases are hackable. gerri: we all know databases are hackable and nothing is private. this time not credit cards that were taken. this time aro

. >> and after months of speculation, radioshack has officially gone bankrupt.re is now a plan for sprint to open up mini shops in more than 1700 of radioshack's remaining stores. it will give sprint a storefront presence at a time when the wireless market is very competitive. >>> and verizon wants to focus more on its wireless markets in the northeast. so the company will be selling its land lines in california, florida and texas to frontier communications for about $10 billion. >> no big deal, 10 billion- dollar. >> we have to talk cookies, jill, right? it's friday. a few weekend ago oreo announced a limited edition red velvet oreo for valentine's which sounds good but now they are working on something else? >> reporter: there is another flavor in the works. smores. it has a graham cracker cookie with a layer of marshmallow and chocolate. oreo won't confirm or deny the report. but some cookie experts say it will hit store shelves this summer just in time for camping season. sound good to me. >> we just put a picture of the bag up so i -- >> looks good. >> hey.

it is like radioshack. it has to gogo chapter 11. the rest othe euro zone ds not want to accommodate. it is likely to exixit the eurozone. the question is, what are the applications for spain, italy, poportugal, the other countries with austerity? greece, not much of an effect on the nancial markets. italy, spain, ve large. >> i think the greeks ha no onbut themselvlves to blame. the germans are being pretty tough with them. does any o of this matter? should the germa back down should the greeks back down? >> if they don't reach a solution everyone will end up with greek yogurt on the face. that is what matters. postururing, the desire to look tough, standup isn't going too help corct t fundamentalal problem that peter outlined. there's too much debt, not enough economic growth. >> it is obvious that yesterday program has failed. there's too much peonality involved in this debate, in this discussion, and not enough substance. they can't evengree about the facts. it's hard to e how they will get out of this. >> we don't even have time

radioshack will sell up to 2,400 stores.ed assets of about $1.2 billion and debts of $1.3 billion in november last year according to reuters. we'll continue to follow the story and keep you up to date with any new information on our website, nbcwashington.com. of course our nbc washington app. at the live desk erika gonzalez. >>> all right. let's get the latest on the weather from doug. we have a chilly night ahead again. >> a very chilly night, but the best news is it won't last all that long as far as the chill is concerned. as we look toward the next couple hours, 33 degrees right now. we'll drop down through the 20s, 25 at 9:00 23 at 11:00. it's not the wind but the windchill. 21 degrees in gaithersburg 26 in reston 27 in camp springs. the windchill right now between 10 and 15 degrees so a very cold night. storm team 4 radar all clear. lit stay that way, not just today but over the next couple days. good day tomorrow to get that car washed if they're open because, again, the temperatures below freezing. hard to get that

radioshack was founded way back in 1921. it did file for bankruptcy earlier in month after years of declining sales. >>> well, hackers have pulled off one of the biggest bank heists ever. they made off with about $1 billion from banks and atms all around the world. the internet security firm is not naming which of the hundred banks were hit but u.s. banks are involve. hackers are based in china, parts of europe and are believed to have installed spying soft bare on bank computers then they transfer money to other accounts or rigged atms to start spitting out cash. >>> let's get a check on the traffic. >> thanks guys and yesterday's commit was such a breeze. if you wanted to call it a commute at all. today is when people are really heading back to work and unfortunately we've had a series of different accidents and it has been causing hot spots around the bay area. marin county start with you guys. southbound 101 approaching marinwood. there was an earlier crash and cleared out of the way now but it's stacked up to rowland. o

the rest of the radioshack stores will be sold to phone company sprint and radioshack filed for bankruptcy earlier this month after years of declining sales. >>> 5:4 # on this tuesday. a wild winter storm hitting the east coast and it is causing a big mess. the drastic conditions being felt from kentucky all the way up to the northeast. >> and let's take a live look out at i-880 in oakland. a complete check on traffic >>> good morning, this is your tuesday take a look at this. and what do you see? absolutely nothing. we are socked in throughout the tri-valley right now. fog will affect the forecast for this tuesday all the details just about a minute away. >>> thanks roberta. a winter storm is bringing a lot of snow a lot of sleet and freezing rain to the south. and they're not used to the stuff. it has caused widespread power outages in states from arkansas up to virginia. the storm is also being blamed for multiple car crashes. slick road conditions have many in the south getting rare firsthand experience with that winter driving. storm has now moved into the mid-atlantic states and the