president and ceo of statoil..ver the role that is more than 10 years and some sort of leadership role at this business. which is a long time. where is he going? >he has chosen to lead stat oil to take up the position of ceo for another company. >> no payoff is the message coming through. the board of directors, in response to the resignation, thank you tim for his great efforts. for his greatm efforts. international growth. strong development of the norwegian continental shelf. the best in the industry. have been strengthened. so says the chairman of the board. >> leaving on good terms. >> port is without -- doctors without borders. how they are reaching rural communities. that is in the new segment. ♪ >> welcome>> back. i am marko you -- barton. >> i was reading a story that everybody should check out fighting theout oil norwegian arctic. another oil company find it will pick -- finding oil in the arctic. it is commercial oil. oil issians thingk their commercial. the oil active in the arctic. have to watch that

statoil, they are seeing profit down significantly, dropped by 24%.is not just the oil majors, it is the company's supplying these companies, supporting the industry. dutch deepwater oil field surveyor trading at the lowest since 2005. they say they have arrested deterioration in the third quarter. what is interesting, today, oil prices are climbing a bit higher. are we turning a bit of a corner? we spoke to the interim chief executive of statoil and he says we could be seeing better things to come. >> also interesting is the reaction time of these companies to switch production. caroline will be joining "the pulse" to talk about that. up next, next. the retailer misses estimates and slashes therefore yea -- their full-year forecast. you can follow me on twitter. you know where i am. plenty to discuss as we discussed the prospect of qe3 ending. ♪ >> welcome back to "on the move ." i am jonathan ferro. you know what time it is. 30 minutes into your trading day and this is how things are shaping up in europe. ftse 100 up by 30 points. the dax up by 67 p

statoil an is on the move.e are on the move as well, and we will be back in two. ♪ >> welcome back to "on the mov " ." these are some companies on the move. third-quarter sales eat babyates and demand for food. a prediction of a return to profitable growth in the second half. formula and baby food sales gained 19%. that is the first quarterly increase in more than a year. rio tinto says profit growth. says it rejected a merger offer from glencore, which would have created the world's largest mining company. qualcomm has agreed to by the u.k. chipmaker csr. csr pioneered bluetooth technology. the deal is valued at one point 5 billion pounds. csr shares are surging more than 30% on the back of that deal. the u.k. construction company chiefmed leo quinn as the executive. quinn was the ceo of the scientific research company connectix. balfour shares up 10% on the news. other companies we are looking at. one of them is statoil. is norwegian company ceo expected to lead bg group. fromhile some pressure plummeting oil

more bad news for statoil investors. they were already disappointed about the departure of their ceo . the head of marketing is now the active ceo and they are looking for a new ceo. exactly 10 years is what he spent at the company, doubling production and changing the focus for just norway to a real international profile. in 2011 big bet back with the acquisition of an oil company, very prominent in the shale gas space. he is going to be missed. bg shareholders happening to see him. 3%shares went up more than on the back of that news. if you look at the oil price, how brent has come down, the share price for statoil, it has -- it is down about 12 or 13% over the last month. athas been a bit ugly statoil. he has been firing people and cutting costs. they be he saw this as a good time to go. it is very welcomed news for bg because they have spent the better part of five months looking for a new ceo. this'll be their third ceo in just two years. >> the broader picture is very interesting. we see oil continue to fall again

. >> we are hearing that you are in talks with statoil to provide 6 million cubic meters of gas at $60ubic meter. give us a sense what that would do for ukraine. that isly, confidential. secondly, we are working with european five providers who supply gas to ukraine. gas is there. of flowsa bottleneck from europe to ukraine. this is where we need to unlock more volumes. if there was more volume, there would be no crisis. ukraine could be sourcing all of its gas from europe. >> let's talk about politics. this crisis emerged, since the sanctions came through, ukraine is looking increasingly isolated. if you are a european country, you are probably thinking, why depend on a gas route that comes from ukraine? ukraine is looking increasingly isolated. is the best route out of this to look back to russia and try to sort this out? >> to look back at russia meaning what? >> to get rid of sanctions, tone down the dialogue. ukraine is looking towards the eu. historically, that has not been the case. >> you must understand one thing. our gas stocks is a good example. we are actually looking for a

total, statoil, chevron, all these names are down 4% to maybe 9% just this month alone.just shale plays down double digits. the biggest oil companies in the world are notably weak here. we are getting ipo pain. i mentioned yesterday, mol global. had a terrible ipo yesterday. down over 60%. it's one of the worst debuts we've seen in many years. this is getting a lot of pushback. dave & buster's priced at the low end, $16. it's a small deal behind me and that's diplomat. speciality drug distributor. they priced 13 million shares at $13. that was below the range. $14 to $16 was price talk. i see indications of $14 to $16. we are clearly getting pushed back on prices. you don't want things happening like mol yesterday. you don't want pricing at the range and opening below that and staying there. push back on prices is a good sign for right now. the dow is up 44 points. back to you. >> thank you, bob pisani. some brief signs of life in what has otherwise been a group staggered lately in terms of the hits it's taken. additional providers of video content. broadcast networks or