. >>> when we come back, a former hp chairman, ray lane.sk about layoffs at microsoft, and talking to us about microsoft the hardware future. xbox sales and ebay earnings are out. payments. a great future in payments. "squawk alley" is back in two minutes. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. my motheit's delicious. toffee in the world. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at lega

ray lane is a senior partner at kleiner perkins, the venture capital firm that helped start google andzon. now he's investing in three electric car start-ups. >> when i first started talking about the possibility of investing in automobiles, my partners thought i was crazy. we're not out of the woods yet. i haven't proven i'm not crazy yet. [ticking] >> coming up... bob lutz on the chevy volt. so a lot about general motors' reputation and image is riding on this. >> that is probably an understatement. >> that's ahead when 60 minutes on cnbc returns. [ticking] the cadillac summer collection is here. ♪ ♪ during the cadillac summer's best event, lease this 2014 ats for around $299 a month and make this the summer of style. ♪ really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing

he took over from ray lane who stepped down in early 2013. >> wish him the best of luck.remendous investor. he's a big thinker -- >> a brand of activism that is different -- says it all. he's the chairman of hewlett-packard, what activist can you be there? >> right. >> it goes to the brand of his activist. you can't imagine carl icahn. >> activism is the wrong word. he's like steve miller, comes in and fixes the company. he does it from the outside and then comes in. he convinced the timcan family that timcan was wrong. can you imagine that? how persuasive? >> he was. >> the tobacco deal is not helping anybody who got in recently in the hopes it would be a large premium deal. it is not. let's not forget, obviously, reynolds and lorillard move on the prospects for a combination for a very long time, and the stock, itself, up over 20-plus percent, but reynolds down, and disappointment with the overall consideration that 68 -- call it 68.80, not worth that anymore, 25% of the consideration is reynolds's stock, remainder is cash, divestitures are large, large enough to meet a

. >> came in for ray lane back in 2013. >> that's right.im, dinner up, more recently meg whitman has stopped using interim title. >> there was a story in the san francisco chronicle three days ago about whether he was going to be the one to stay. >> yeah. i think that was the expectation unfortunately now that is obviously not the case. >> all right, david. thank you for telling us about that. very sorry to hear it. we do hope -- we wish him the best with everything. we should also tell you about a mega deal that's been made official. reynolds american confirming that it's buying rival lorillad in a cash and stock deal valued at $68.88 a share. that's $27.4 billion including debt. reynolds will also sell its kool, salem, winston, maverick and blue e-cigs brands. also other assets to imperial tobacco for $7.1 billion in cash. and in gia political news gaza militants shooting off repeated rocket fire on israel today. a senior hamas officials rejected an egyptian proposal for a cease-fire. israel had accepted the plan, and has warned that it w

lanes. if are you coming from ray street use the 5th street entrance to get to the ben. this is causing huge delays all afternoon and they spill to the schuylkill expressway in both directions and the ride eastbound on 76 from the king of prussia into downtown is taking well over an hour. and you are backing up approaching the vine, and this is eastbound on the schuylkill approaching 5th street and causing slowing towards passyunk avenue. and the media l line hour delays because of police activities. >> thank you matt. much more to come on "action news" wednesday. an officer conducting a traffic stop gets more than he bargained for when the driver refuses to cooperate. >>> and cecily tynan is live at the philadelphia zoo with this week's outdoor adventure. >> hi guys i'm holding apollo, he is a sun beam snake found in southeast asia, if you look at the scales they are named that because of iridescent scales that change in the sunlight, show them your head, it's shaped to burrow is soft soil. if you don't like this weather, i have good news for you, some storms tonight an

expressway, traffic is moving better as they have two lanes moving better over the ben franklin bridge from 6th street and if you are trying to get to ray street are you still detoured. in upper merion the backup from the downed pole stick with church road. and better news in kennett square, the lanes of the baltimore pike are reopened after the motorcycle crash there and approaching 495 in delaware there is a crash taking out the center lane. we'll check it again in the next half hour. >>> a little 5-year-old massachusetts boy has a birthday wish that got national attention. there are new jersey cam perfects that got to work helping his wish come true. nora muchanic has the story. >> reporter: he is a preparatci beautiful little boy. danny nickerson of massachusetts suffers from a rare and incurable form of brain cancer, his birthday is friday and he could does for toys or trips but he wants birthday cards but the thises of campers at the sports center at cherry hill are obliging him. >> i hope his wish comes true, i hope he has a happy birthday and i feel bad for him and hope he feels better, i want him to know is he not alone in the

. >> donald ray batch owns and runs the chester lane market.ding to my customers, you know, doing my normal stuff. you know, selling stuff, working on the cash register. >> then at 8:36 p.m., the scene changes dramatically as donald's getting ready to close the store, a man walks in with his face covered in war paint. >> you get a lot of weirdos come into the store. when i saw him in the corner of my eye, i thought, that's just another weirdo coming in. he started saying stuff i couldn't understand because he was gritting his teeth. >> give me everything i won't kill nothing. everything i won't kill nothing! >> i didn't think nothing of it until he pulled out the gun and then he fired that one shot. then that first shot was like a popping sound. i was thinking maybe he had blanks. that's when i -- i stepped back from the register. that's when i was concerned about what he was doing. and bam. [ gunshot ] i hit the ground. then he shot another time. >> after the gunman fires a third shot at the wall, he leaves empty handed. donald is wounded and

lanes of the inner loop for hours. >>> baltimore ravens running back ray rice spoke out to the media for the first time today since he got the two-game suspension everybody is all fired up about. rice was arrested in february on domestic violence charges. sports center kristen berset is here with more. i'm wondering did he calm any of the critics? >> i don't know, but he did speak from the heart today. the last time was a press conference and he only made a statement and didn't answer questions. today he actually took questions about the incident, the video and how he's feeling now. he was joined by his wife back then and she was there again today, but this was only ray talking today. the press conference lasted about 17 minutes and about 30 members of the ravens team stood behind the media the entire team showing their support for their teammate. 1 thing ray made sure to do this time, he acknowledged that he failed to apologize publicly to his wife. rice called this incident the biggest mistake of his life. >> i just replay over and over in my head, that's not me. my actions were insaexcu ble. that's something i hav

this is elm street just off of astor and we have seen ray car or two go by but maybe moving out to the travel lane lets go to the maps rolling through norristown trying to avoid elm and astor but probably for midday as they will make repairs to the road surface as well. or wise mass transit looking g ukee and erika back to you. >>> when awe any baby comes in the family everybody wants to see it. >> that is of course the family pet too. check on it you the here's billy the motivated puppy is very eager to have a look at baby isabella. he is not going to rest until he gets a good look at his new member of the family. family and friends might have been a bit excited, i don't know if they were that excited. hello, hello. >> twelve, 13 14 15. >> that is so awesome. >> that is wonderful. >> too tired when he gets up there. >> they will be best pals too. >> no doubt. >> great shot. >> coming up in a couple minutes we will bring you more local news weather traffic and sports on our sister station the cw philly. >> meet the two # women involve in the videotaped random act of kindness getting lots of attent