seagate technology and samsung electronics co.greed to extend their patent cross-licensing agreement and co-develop business data storage products. samsung has agreed to supply seagate with chips for its hard drives. seagate, meanwhile, will supply disk drives for samsung's pcs, notebook. >> justine: still ahead will take a look at the damage in north carolina and the violence terms have done. it is still really foggy get there. we will be right back right here on [ coach ] in albuquerque,in. citi pre-approved my mortgage. [ whistle blows ] all right, layups, guys. let's go. in sioux falls, i locked in a rate. coach, you get that house yet? working on it. [ coach ] the appraisal? ...springfield. wherever i was, my citi mortgage consultant had me covered. [ crowd cheering ] and 500 miles from home... [ cheering, cellphone beeps ] ...we finally had a new home. [ male announcer ] from pre-approval to closing, citi is with you every step of the way. what's your story? citi can help you write it. >> justine: is video of a tornado red a

. >> reporter: starting out with samsung and seagate.the hard disk drive unit from samsung for almost $1.4 billion. it will also give samsung a 10% stake in seagate with a cross licensing deal. this is important because as recently as last week, seagate was mentioned as a prime takeover candidate for private equity companies and last fall, seagate was in talks and had potential $9 billion takeover deal by a group of private equity firms that simply fell apart. so this might cool some of the speculation. samsung not on as friendly terms with another silicon valley company. that being apple after apple brought samsung into court accusing samsung of patent and trademark infringement with its galaxy tab and its galaxy s smart phones saying that the tablet device and the smart phone basically are ripoffs of the iphone and ipad copying not only the look and design and the user interface but even the packaging. this is a fairly common theme when it comes to the mobile device arena. all different companies are involved in different suits with ea

disk drive makers seagate and western digital were moving up today. seagate added almost 8% after announcing a stock dividend and gave an upbeat quarterly update. competitor western digital added 2.7%. finally, some big drugmaker stocks may be in focus next week, especially if there is a government shutdown. on tuesday, a food and drug administration advisory panel is scheduled to talk about new uses for cancer medicines from pfizer and novartis. those shares were split. merck gained 1%. it has a hepatitis c treatment that is scheduled for f.d.a. action next month. and that's tonight's market focus. >> susie: the securities and exchange commission is considering whether to ease rules on private companies issuing shares. one issue that's being reviewed: the 500 shareholder threshold meant to mark the transition to public ownership. that's gotten more attention recently as wall street banks and electronic markets offer investors a chance to buy and actively trade stakes in tech firms like facebook and twitter before they go public. >> tom: here's what w

seagate technology will pay nearly $1.4 billion for samsung's hard disk drive business. toyota is extending production cuts at its north american plants and says it may lower its 2011 sales target due to parts shortages in japan. the government is expected to unveil new passenger protection rules today forcing airlines to be more up front about their fees. finally, some members of the happy days cast are reportedly not so happy with cbs. the group filed suit for unfail royalties after their names and faces popped up on everything from lunch boxes to slot machines. >>> orlando shows off some playoff magic, the sharks win in o.t. and the black hawks live to skate another day. plus, carmelo anthony does everything the knicks would have hoped for against the celtics, but was it enough? your early morning sports headlines are straight ahead. >>> i'm continuing to track severe weather heading to the east coast and a new storm arrives on the west coast. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today."

seagate is buying samsung. it is at deal that gives the south korean electronics manufacturer a 10% stake. they say they agreed to co developing business data storage products. it will close by the end of the year must be approved by international regulators. >> justine: getting you updated on your weather forecast on this tuesday morning. temperatures are often belittled this morning. >> james: off tool warm start of we will in joiada warm afternoon. a breakdown of what we expect for today. foggy, little misty today, you can see that here. the sun will come out today, temperatures on warm side upper 60s to the low '70's. we expect another storm system for wednesday, into thursday. lets see where temperatures are the current hour, temperatures are in the warm side mid to upper 50s and some spots already. we have patches of 40 degree weather up to the north. that is the way it looks at this current hour. you can get a full view here. 71 in san rosa, 68 sonoma, 66 in vallejo, san francisco 64 today, 60 along the