i was transitioning into the fabulous shibani joshi.s after south korean banks and tv broadcasters fell victim to cyber attacks earlier today. shibani joshi has more on this developing story. >> i caught your segway, i was right with you. another report of another cyber attack thankfully not our own shores, but it shows how dangerous and just how paralyzing cyber attacks can be on an economy and on the nation. south korean police say several banks and through the nation's top broadcasters were hit by a major cyber attack that paralyze computer networks, cost atms malfunction and even caused tv screens to go blank. today south korean investigators are pointing the fingers at north korea, which is believed to be behind that attack and similar attacks that happened in 2009, and 2011 as well. you may think of this as a faraway sort of experience but we do business and probably have south korean products in our home and use them everyday including products made by samsung, lg. while officials investigate it,t proves how costly cyber crime is

we will have that coming up a little later on from shibani joshi., let's take a look at world currencies. let's see how everyone else is faring against the dollar. we will be right back with much more on "markets now." ♪ ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, feeand expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just oneittle piece of information and they can open bogus accounts, stealing your credit, your m

shibani joshi is here to tell you with joshi on tech. >> hi, tracy.oing into short hills mall in new jersey and out in nordstrom and trying to figure out which way to get to the food court or maybe the shoe store around the bend? well instead of having to look at the map that you find in the middle of the mall you take out the smartphone and it will google map you orrapple map you to your destination. on top of that, you could get coupons pinged to you as walking by j. crew and getting closer to nordstrom or away from nordstrom. that is the sort of the big picture idea that makes sense for the rationale for this acquisition. apple is trying to make good for the missteps in this new functionality, this new way by buying this company, instead of trying to build the technology itself. "wall street journal" is reporting that apple paid $20 million to buy an indoor gdp company called wi-fi slam. what they currently allow you to do is you can find things indoors. it is indoors focused with accuracy of 10 feet. this is about being able to find things undergr

shibani joshi talking to western union president coming up in just a second. ♪ we know a place wheree given way to sleeping. where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there, like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving or engaging in other activities while asle without remembering it the next day have been reported. lunesta should not be taken together with cohol. abnormal behaviors may include aggressiveness, agitation, hallucinatio or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. sdizziness and morning unpleasadrowsiness.dache, ask your doctor if lunesta is right for you. then find out how to get lunesta for as low as $15 at lunesta.com there's a land of restful sleep, we can help you go there, on the wings of lun

shibani joshi, thanks so much.e hours after taking off from the international space station the cargo spaceship dragon owned by spacex splashed down in the pacific. this was the ship's second of 12 planned missions under the $1.6 billion contract dragon has with spacex. they took food and parts to the crew and returned over one ton of data and old equipment collected for nasa. dragon is currently the only craft of capable and sending and returning goods from space. all others burn up upon reentry. don't you wish you could throw the garbage out and have it burn up on reentry. melissa: that would be tidy. adam: would be a lot easier. and all the data to go through that. what poor shlub at nasa has to go through that? melissa: on "money", we have the owner of sparkology.com. sure you haven't heard of that. adam: no. melissa: they went to elite colleges. they pay to get to introductions to women on the site, don't have to pay or graduated from top schools. it is all the business of dataing -- dating which turned into h

david: shibani joshi, great to see you. thank you very much. liz: thanks, shibani.itched goldman sachs. they raised $600,000. now they have developed a perfect platform to turn fans of products or artists into effective advertisers. it is called, jamplify. have you heard of this? you will. more than 150 brand have already signed on. the cofounders are joining us next. liz: plus the world car of the year. not just u.s.. david: the world? liz: yes. it has been named, david. the winner is it this one on your screen? david: geraldo likes it. liz: get very deep into this one on the prestigious reward. that is ahead on "after the bell." ♪ . we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ at ty

the combination of david asman and shibani joshi. david: we like this combination you've been asleep past hour because it is 2:00 a.m. your time. >> viewers noticed i did sleep. david: good to have you here, shibani. sandra smith as we close out the day. apple for a second. slow comeback of apple over next couple weeks. >> it has been a very sneaky stock to watch at $460 a share right now. the talk was all about the steep selloff. up three straight weeks. another big gain of about nine bucks today. this would be the third straight week of gains. longest win streak in six months, david and shibani. shibani: sandra, a reversal of fortune for blackberry shares. they started the day up 3%. now in the exact opposite direction. >> not so much the case right now as you can see finishing near the lows of the session. a lot of concern about the new launch. at&t didn't really to feature it in its windows at stores. we're only hearing lines of about 20 people showing up to buy the new blackberry. closing bell rings] david: shibani joshi knows mo

connell: shibani joshi got a chance to take a look at it. erday about whether or not this is an iphone killer. shibani: i think this can work. the geeks out there, thh phone geeks, just like myself, they were excited about this unveiling. they showcased the brand new smart phone that everybody wanted to see. the samsung galaxy s4. part tablet, part phone. it is now eyes that do the moving. this phone, across the board, being called heavier, dancer, just a clunkier iphone. not too impressed. is this the iphone killer? >> we try to make sure that we do not characterize our device with competitors. we are trying to demonstrate the very unique features of it. shibani: the phone is available at the end of april. shares moving higher today. i think that says it all. connell: a lot of people are talking about it for better or worse. dagen: third time is not the charm. at least not for carnival. it is dealing with another ship having mechanical problems. we head to miami live for the very latest. ♪ thank you orville and wilbur... ...amelia... neil an

shibani joshi's going to be at the that event tonight. >> and the expectations are quite high, dennis. this is a neck and neck race that apple is running with samsung, and the proof is all in the numbers. if you look at the fourth quarter figures in terms of global smartphone shipments, samsung managed to take and sweep the lead over apple. shipping 63.7 units, that's a change of up 76%. that is better than apple's 47.8 billion units. one of the reasons that samsung has been able to best apple is, one, well, it has a wider variety of features, different price points on its phone, and the other thing it's been automobile to better than apples spend more money on advertising. take a look at this, these statistics from cantar media showing the ad spending samsung was able to throw out on marketing the portfolio products. in 2012 shelling out $401 million, that is better than apple's $333 million. spending a lot of money this evening as well. you talked about me going to radio city music hall, that is where we believe the new s4 device, the g

shibani joshi has all the details. shibani: oh, how the mighty get defensive.tion has never been more fierce. no new iphone will come out until probably later this summer. it has nothing to do but become offensive. an executive at the company saying to the "wall street journal" android is often given as a free replacement and the experience is not as good as the iphone. people are buying these things like hot cakes for a variety of features, lower price point and they have a new device that is coming out this evening. it will be unveiled at a big splashy event. amongst some of the features, we think it will be 5 inches in size making it more of a stylus instead of a phone or tablet, possibly by scrolling features and a mega camera as well. melissa: trash talk all you want, people like those things. blackberry phones come out next week. our orders promising? shibani: it saw its biggest orders and company history. 1 million units placed by an unknown establish partner. it could be anybody out there. again, a good start for the blackberry. melissa: shibani joshi,

adam: shibani joshi thanks etch is.sa: why you see your neighbor marching up your driveway with your online order from wal-mart. that story next. adam: wal-mart leads the country fiber-opticking new ways to cut costs. now talking about a radical new plan for online deliveries using you, that's right, you. with more liz macdonald. what are you doing sitting on the couch? time to make deliveries. >> make some deliveries. this is basically came out of wal-mart's global e-commerce media event. two executives talked about hiring customers to be couriers to deliver web packets. not a serious stage. it is at brainstorming stage. say you buy diapers at wal-mart or hanes t-shirts or pickles, wal-mart will give you discount on pickles and diapers, basically to cover your gas costs to deliver those packages to your neighbors. this is spit balling. this is at the brainstorming stage. this is just something that they're calling crowd sourcing. they're trying to figure out a way at wal-mart to get to the $9 billion in sales that wal-

adam: thank you, shibani joshi. melissa: wooing tim geithner.harlie gasparino up next on which wall street firm is trying to lure the former treasury secretary. adam: college seniors counting the months until graduation but will there jobs for them once they're in the working world? a new reading on the number of entry level jobs just ahead. melissa: a look at the treasury as we head out to break. ♪ . the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up ea... do you want 50% more cash? s! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why phase... >> i'm cheryl casone with your fox business brief. twitter is expected to generate one billion dollars in ad revenue in 2014. that is according to research firm e marketer, which foreca

shibani joshi has interesting findings in a new study. not know where that hackers are or where they come from but we know they like to be where all the smart phone users are and a new study distilling the smart phones with the greatest number of vulnerabilities over the last 25 years and a big surprise to myself and a lot of viewers is iphone topped the list. according to the study of 81% of vulnerabilities, vulnerable these means security flaws over the last 25 years, and pull it at number 2 and windows and the blackberry round out the bunch. as far as trends go you may be surprised both blackberry and windows phone had seen a decrease in the number of laws that they have seen. part of a reason is it has to do with security but also an interest of the hacker, more interested in exploiting flaws with the greatest number of users, more android phone is out there than the other phones. i did speak to the author of the study this morning and one thing he wanted to clarify was vulnerability don't necessarily mean a successful attack. commanie

shibani joshi, thanks so much. lori: so many choices. melissa: some choices. becoming overwhelming. hooters, how is that for a segue? hooters switched up menu items adding new salads to lure more women customers. my next guest is appealing to new countries that hooters traditionally not had a presence. this ceo, mike pruitt, the holding company for hooters joins us much more there expanding the iconic sports bar in emerging markets. great to see you, mike. >> thank you for having me, lori. lori: isn't that why you're expanding into places like brazil and south africa and hungary even, because u.s. sales are not as robust as you like? >> it is more than that actually the maerm marriages are growing faster than the u.s. and as, many u.s. brands have found, they want to grow they go international. lori: let me ask you about the u.s. obviously you know hooters was thrown into the public discussion over the weekend on "saturday night live." as you know, hooters eastern had a response to seth meyers joke, adding salads to the menu and changing ink tear i don't remem

shibani joshi has all the details. >> hi, there, melissa. big buck indeed. $6 billion opportunity according to an analyst at citigroup saying the i-watch would generate a big categorigoer for the company. piper jaffray believes it will be even replace your smartphone one day. i'm not even kidding about this. piper jaffray is issuing a this week saying we believe wearable technology is a became changing trend as we believe will ultimately replace the smartphone. as far as what the i-watch could look like here are some rumors we're hearing today heart right monitor and pedometer. mapping and ios integration. big companies tried and failed. i don't know if you remember microsoft and fossil unveiled a new watch. that is one on amazon. the iwatch doesn't look anything like that. the name your price and everything else matters here. that is the pebble watch i took a look at and interviewed the ceo at ces that is some competition that apple stands to face. 6 billion bucks on the line though. melissa: very cool. shibani, thanks so much. lori: super cars come with su

. >> i am shibani joshi with your news brief.er has declared a financial emergency and detroit. the next that will be to choose an independent overseer to tackle detroit 327 million-dollar budget deficit and $14 billion in long-term debt. the unmanned falcon rocket launch of spacex today. the dow jones is reporting that u.s. factories are expanding for a third month in a row. at the fastest rate since june 2011, the industry rose to 54.2, up from 53.13. we continue our countdown to the closing bell with liz claman live at the new york stock exchange. liz: welcome back to the floor. we are at the nyse. fourteen minutes until the closing bell rings. we are firmly in the green. i would like to show you this high-yield bond fund. that trade is a little bit in place, not bad for high-yield. >> and improvement in the hiding electronics retailer. we have the gap that is doing well. a all three names of these looking very good. liz: black & decker is up 15%. the stock having some trouble, people saying that it is over. it is so obviously

from td ameritrade. ♪ >> reporter: and shibani joshi with your fox business brief.cket successfully launched this morning turning a ton of supplies and experiments to the international space station. nasa paid spacek to deliver the cargo. this is the company's third mission. consumer optimism is up to its highest level since november. the university of michigan consumer sentiment gauge rose to a final february reading of 77. january's final reading was 73. in u.s. factories are expanding for the third month in a row. the index of factory activity rosenfeld yuri. up from january. does the latest from the fox business network, giving you the power prosper. ♪ ♪ tracy: breaking news, large possible acquisitions citing different sources that include deals like biogen, i guess bristol-myers lost they're patent protection. the problem of the market for additional acquisitions. ashley: cyber attacks are on the rise. we all know that. efforts to stay ahead of hackers are in high gear. adam shapiro is live from santa clara california worry has exclusive access to maggoty worl

. >> i am shibani joshi with your fox business brief.cks modestly higher with less than 30 minutes left in the trading day. right now the dow higher by 21 points at 14,110. global revenue from app stores rising 62% this year to $25 billion according to technology research company gartner. consumers estimated spending on average two hours per day with apps. the sprint nascar race is being branded the nra 500. the partnership at the national rifle association and texas national speedway comes in the midst of a new gun debate following the december shooting at sandy hook elementary school in newtown, connecticut. this isn't the first title sponsorship in nascar. the group sponsored a nationwide race in atlanta last year and we now continue our "countdown to the closing bell" with liz claman. liz: investors are buying into two major retailers today. let's go back to sandra at the new york stock exchange. sandra: take a look, we're at the post, target shares to the upside by 3.5%. that is a new 52-week high. for the department store chain. al

shibani joshi is live in cambridge, massachusetts with the founder and ceo of a company that allows toyour wallet and pay by phone. shibani. >> hi, guys. well, have you ever been in a coffee shop and standing in line and some uninstead of paying wwth cash or credit card they decided to bring up the smartphone and pay with that instead? level up is a company allowing you to do exactly that. we've got the ceo now, scott priebatsch. you remind me of seth, priebatsch. we'll correct that. you're buying me a scoop of ice cream. tell me how you buy that with your cell phone. >> absolutely. we're at ben & jerry's to buy two ice creams. i pull up the phone. i pull up the app. i literally scan my phone. the level up scanner will glow with my favorite color and he type it through and second later i get push notification on my phone and e-mail receipt. >> no fumbling with money or change. open up the phone here of the for a lot of us, for me to take out the smartphone and my wallet is the exact same thing of the what problem are you trying to solve here? >> sure. level up solves two problems. savi

with more on this, shibani joshi . >> reporter: a little bit of something for everyone.t in a little more time their cell phones and we would like to. but does all of this screen time turn into san? it sure can. big businesses are cashing in and indulging in your sinful activities. you can engage in all hostess activities. i took a like a specific categories including a call and extramarital affairs. there is an application for that. as tell you what i found when it comes to being simple on your smart phone. let's talk about alcohol. more than 1,000 alcohol-related applications listed in the itunes and even the indirect world. drink is the one that i found. providing you with coupons. it is free, available for free and has been down loaded almost 50,000 times just in the last 50 days. if you are done with drinking and you may want to repent there is something for you as well. alcoholicsnonymous, getting digitized with its 12 step program. it allows you to find a meeting and even doositive affirmations that will cost you something. that has been uploaded. after throwing y

shibani joshi thanks so much. >> thanks.the rivalry is heatings up between apple and samsung. sources say samsung is developing a new product similar to a wristwatch that will have many capabilities of a smartphone. this news comes just after samsung released its new galaxy s4 smartphone last thursday and just last month, news about apple experimenting with a smart watch of its own surfaced. samsung and apple are the world's two top mobile device companies. both are developing new products as smartphone sales have begun to slow down. you need a smart watch? lori: i can't keep up with all the technology. moving too fast and furious for me. melissa: there you go. tonight on "money", boone pickens will weigh in whether we are losing advantage in natural gas to china. china is opening up natural gas fueling stations for transportation, like 50 in the u.s. over next year or so. he will join me 5:00 p.m. eastern on fox business because he said years ago we should use natural gas for transportation. a lot of people thought he was t

shibani joshi is here to explain. >> this is an interesting one, lori. be careful what you like.hat came out from the university of cambridge and microsoft research. in fact they were able to conduct a massive study of 58,000 people on facebook looking at the things they like and the things, their activity overall on the social networking site. what they found was pretty astounding in that even though you kept certain things about your identity private, based on your liking activity they were able to learn a whole lot from you. here are some things they were able to glean out of your liking activity as a whole. they could glean things whether or not you smoke cigarettes, you drink alcohol. whether you're a democrat or a republican. even whether or not you're a male or a female. again this is not even people putting up on the face book site, lori, whether or not they are female or male. they looked at their like activity and they were able to figure that out. lori: do someeof the connections seem pretty random to make conclusions about people is that what you're getting at here? >

creditcards.com. ♪ >> reporter: i'm shibani joshi with your fox business brief. in washington on wednesday to protest sequestration organized by the american federation of government employees. the event is one of about 100 rallies' taking place nationwide chrysler is recalling roughly 2500 dodge challenger cars because they can catch fire. the recall covers the 2013 models with v-6 engines in the automaker is telling the owners not to park the cars in a garage or near a structure until the problem can be fixed. in this survey by the center for professional excellence at the york college of pennsylvania has found that more than one-third of new hires in the past five years lacked professionalism. 45 percent of age are professional survey says work ethic has declined, and that is the latest from the fox business network, giving you the power to prosper. ♪ ♪ tracy: okay. they called compressor. and not sure what you are compressing. nevertheless. in today's small-business big ideas, it actually started with one little knee brace decades ago. and now well, beads and

. >> welcome, i am shibani joshi and four gerri willis. we will tackle the new blackberry. as i don't have anything to worry about? we will discover and talk about that as well. and the faa starts to close air traffic control towers. we will tell you how that can affect your travel plans going into the spring. but first, raising $8.5 billion and euros needed to see the bailout from the european central bank. it has created a solidarity, allowing the government to have power to impose capital controls on the big banks. while worried residents are lining up at atms. joining me now to help me with these developments is leadership for euro pacific capital. let me just start off the bat and ask you, the country has agreed to this solidarity funds. but i can't quite tell if this is the solution that the eu wants. could make good on the threat to kick out cypress? >> anything is possible. you know, i think the outrage over this deposit tax is about the honesty of the approach. if you think about it, citizens around the world suffer from that tax. in the united states, how long hav

. >> i'm shibani joshi with your fox business previous. was a sea of green at the closing bell as stocks managed to erase earlier losses. the dow finished 38 points higher for the day. >>> private equity firm kkr is reportedly closing in on a deal to buy industrial machinery maker gardner denver. according to reuters the announcement could come in the next few days and reuters is also reporting that the companies have been negotiating details over the past week after kkr made a bid nearly of $3.7 billion back on february 21st. >>> and 2013 is expected to be another tough year for the personal computer as consumers gravitate more towards the tablet. research firm idc is forecasting that global pc sales will contract 1.3% this year. idc also says a shaky global economy is contributing to weak sales. that is the latest from the fox business network, giving you the power to prosper. ge. when mary lost her husband, she invested in real estate. but when the housing bubble burst... so did her financial future. robert and rachel discovered the sec

our own shibani joshi joins us with more. going and the defense. >> reporter: i think that they are. good reason. according to credit suisse, a 1 billion smart phones will be sold next year alone. apple is seeing its market share dwindled or at least in a neck-and-neck race. going on the defensive, something we have not seen the company doing long time. updated its website over the weekend. the iphone web page saying that there is the iphone and then there is everything else. giving a long laundry list of reasons why it this phone is much better than all the other funds out there. frankly, i'm not sure if this is the most effective way of doing things because the fact remains that samsung is for phone is just a gosh darn good phone. here is a side-by-side comparison and put together of some basic features. a bigger screen, high-resolution screen as well. allows you to expand its memory. as a different operating system, of course. better pixel and some features you won't find anywhere else including the smores role which is a

. >> i'm shibani joshi with your fox business brief. range near record highs but not hitting the october 2007 all-time high but ending the week on a high note. at the closing bell, the dow finishing up 35 points to 14,89.66. >>> michigan governor rick snyder declared a financial emergency in detroit. the next step will be to choose an independent overseer to tackle detroit's $327 million budget deficit and $14 billion in long-term debt. >>> spacex's unmanned falcon rocket launched this morning carrying a ton of supplies to the international space station. nasa paid spacex to deliver the cargo. dow jones and spacex see sunday as a possible linkup between the rocket and the space station. that is the latest from the fox business network, giving you the power to prosper. aw this is tragic man, investors just like you could lose tens of thousands of dollars on their 401(k) to hidden fees. thankfully e-trade has low cost investments and no hidden fees. but, you know, if you're still bent on blowing this fat stack of cash, there's a couple of

our very own shibani joshi has details from the latest scare. hat attacks we talk about it all the time all the companies getting hacked. one thing we don't know where the hackers are. we know where they're targeting. they're targeting smartphones and platforms that have highest numbers of users. what a study shows from source fire, breaks down the number of vulnerabilitis. vulnerabilities means wear flaws. in the smartphone industry. they looked over last 25 years. results may surprise you especially if you saw the iphone was safe here. biggest percent of all iphone software vulnerabilities or software flaws in general are on the iphone, then android and windows and blackberry phone. the company goes on to say that apple didn't focus very much on security at least initially when they first released the iphone. they still have made significant improvement and can be considered the current market leader. there's the source there. also there also targeting on desktops and pcs and tablets. source fire says the most critical security flaws are on, ge

social expert shibani joshi has more.that facebook friend and netflix users have been waiting a very long time for, the ability to showcase and share the tv shows that you watch and movies that you watch across netflix as well as facebook. that news came out today and the new integration let's netflix members see what tv shows and movies their friends watched by adding a new feature to the netflix user interface to share what they watch within both netflix and facebook. the upgrade will turn on in the coming days. netflix does say they will, users will be able to take advantage of this by the end of the week. so if you're on facebook, give it a couple days. but if you don't want to share, don't worry. that is always a concern of people and they're concerned about their privacy when these more additional, or additional sharing functions turn on. netflix product integration wrote about piracy and privacy features i should say on the company's blog, posting quote, you are in control of what gets shared. you can choose not to

shibani joshi what's the story this time around? >> this time it is right. it feel like every week we hear of another huge company hit with some sort of cyberattack of some way, shape or form? we're just not talking about big technology companies. it is small ones too. ever note, latest website or content creator out there to get hit with a cyberattack joins the ranks of facebook, twitter, apple, microsoft and list goes on and on. do you use ever note, lori? lori: no. >> it is an awesome site. virtual note taking site. 50 million other people do. this affects a lot of viewers out there. potentially, lori, check out the app. >> but, the company is saying that in our security investigation we have found no evidence that any of the content you store in everynote was accessed, changed or lost. they said if you're business customer and transacting and giving credit card information we have no information from premium evernote customers or access is been compromised. they're recommending you change the password. we're getting hundreds of millions of people impacte

shibani joshi has more. >> why build it from scratch you can team up with a music mogul in somebody who knows a whole lot more about changing the industry as a whole. that is something apple is looking at doing. the report is showing tim cook, the ceo of apple, thinking about maybe teaming up with jimmy i mean, the beats ceo and with hip-hop mogul dr. dre. they teamed up, the three teamed up discussing the launch of the new music streaming service. the code name is project daisy and they spoke about the rollout in the business model and a private meeting i in the month f february. they believe there is an opportunity out there in the streaming music business for someone who knows about business and he wants to shake it all up because up until now it really has been data-driven and algorithm driven. google and apple are trying to figure out how they're going to jump into the streaming music spot. beats and dr. dre changed the headphone games having us throughout the existing headphones that come with our listening device getting us to shell out a lot of money so they obviously know somet

our own shibani joshi has details and who may be responsible. melissa: a pretty scary story because it is yet another example of a major cyber attack another report of it. not on our own shores, but it shows how dangerous and paralyzing the web attacks can be on an economy and on an entire nation. south korean police officials say several banks and three of the nation's top three broadcasters were hit by major cyber attack that paralyze computer networks, cost atms malfunction and cause tv screens to go blank. fingers being pointed at north korea, believed to be behind similar attacks against south korea in 2009 and 2011. home too many companies we do business with in the united states including samsung, lg and hyundai. it provides another very clear example of just how costly cyber crimes are. in fact south korean index fell 1% today and business halted in many parts of that nation. yet another red flag for us to pay attention to write here. melissa: thank you so much. lori: as we count down to today's fed decision coming at you, one former fed

. ♪ >> reporter: un shibani joshi with your fox business brief. it was a sad day.k snyder has declared a financial emergency in the tory. the next debt will be to choose an independent overseer to tackle the three entered and $27 million budget deficit and $14 billion in long-term debt. in j.c. penney ceo runs johnson is testifying in new york court in the contract dispute between his company and macy's over martha stewart living. this comes as both s&p and fitch downgraded j.c. penney one notch the department store posted its biggest quarterly loss since 2004. in u.s. factories are expanding for the third month in a row. the fastest clip since june of 2011. the index rose up from january. and that's the latest from the fox business network, giving you the power prosper. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the sa

shibani jokerny is on -- joshi is on that story.getting good -- >> it's getting good, and it's getting ugly, too, if you're apple. the last ten-day period has been quite transformational, quite important in the world of cell phones and smartphones. last week we had samsung, of course, and later on this week we're going to get the blackberry z-10, and competition couldn't be more fierce in this industry. up until now apple didn't really have to feel like it needed to defend itself, but things are changing, and in this weekend the company updated its web site to hype some of its feature, and it believes you can't get them anywhere else. here's what the new web site on the iphone/apple web site says. there's iphone and then there's everything else. the company boasting all of its key features, retina display, aluminum case, and it just goes to show you how fierce competition is. gus pap george joe -- say that ten times -- talks about the overall landscape saying it's a competitive market. >> apple, microsoft, the list goesn and on. spe