they are announcing they are going to sell its watch and jewelry business in a deal with swatch groupton shifting its focus to diamond mining activities. i'm seeing the watches right now, it is going to be interesting. the swatch group the world's largest watch maker is based in switzerland they are buying up the brand in a deal, we have been talking about it all day long. shares of both companies hitting 52 week highs today. i tell you what right now, david asman sandra smith dow up 12 but i'm singing diamonds are a girl's best friend in my head. david: i thought tiffany's was a girl's best friend. cheryl: that too. david: it looks like apple is sort of holding the line in the sand. it is not really going that much below 500, but still a huge drop in apple on word that the suppliers are concerned, they are not ordering as much stuff because they are not selling as many iphone 5 as they thought they were so they are ordering about half as many parts as they used to. big concern on apple, but big positive news

the switzerland-based swatch group is paying $750 million for the luxury jeweler and will assume the company's $250 million in debt. the acquisition strengthens swatch's reach into the prestige segment of the jewelry business, a stated goal of the company. starz on the rise. in its first trading day as a public company, shares of starz shot up more than 10%. the stock opened at $14.20 and closed at $15.59 monday. the company is a spin- off of liberty media corp. starz is in competition with hbo and showtime. analysts view starz as a takeover target. taco bell is going head-to-head with mcdonald's as it introduces a new value menu. calling it the "$1 cravings" menu, the concept is a direct challenge to mcdonald's dollar menu. the mexican fast food chain will test 9 different items, and if successful, "$1 cravings" will roll out nationwide and replace its current value menu. still to come, why the iphone 5 could be causing a disconnect with investors. two traders weigh in later. but first - buckle up. what's rolling out of the detroit auto show, plus volkswagen's great expectations. tha

the world's biggest watchmakers with the swatch group is by the watch and jewelry business of harry winston for one billion dollars paying seven hundred fifty million for the company itself and an additional two hundred fifty million dollars to cover its outstanding debt swatch which is trying to expand and it's trying to expand out of the watch segment into other businesses including high end jewelry for its part harry winston says it wants to focus on diamond lying and that's all the latest from the business desk oh we'll be back in two hours time but in the meantime you can always find a lot more stories that are key dot com slash this. is your banker. calling week over the internet you still some. true it's good it's become so. true you can use the great. truths to stories but in. truth you access to your. download the official. language stream quality and enjoy your favorite. if you're away from your television just. now with your mobile device so you can watch r.t. anytime anywhere. rivals the decades. if you had fifteen thousand people killing each other in their country there would

and not as it has been in the last twenty years where one of the world's biggest watchmakers the swatch group is buying the watch and jewelry business of harry winston for one billion dollars paying seven hundred fifty million dollars for the company itself and then two hundred fifty million dollars to cover its outstanding debt swatch which is trying to expand out of the watch segment and into other businesses including high and jewelry for its part harry winston says it wants to focus on diamond mining. and that's the latest from the business team coming up next r.t. here is the voice of europe's working class as we discussed the euro crisis with a representative of more than fifty trade unions. deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be mediators a lot of. self imposed out costs from society i will cut myself am i going to tax my brother understand my one time immediately i am going to leave basically attack the cops of my anger and my frustration. the. judge well into the dome. two of the mo

swiss watch maker swatch group is buying the harry winston jewelry brand. it's best known for draping its diamonds on movie celebrities. swatch will pay $1 billion, $750 million of it in cash, the rest is the assumption of debt. swatch is buying h.w. holdings, the unit of harry winston which owns the brand. harry winston stock jumped 4.3% to f)-zoh at an 18 month high. swatch is not buying the company's diamond mining business. that business will be re-named dominion diamond. the incoming sears c.e.o. is increasing his stake in the company, hedge fund manager edward lampert already owns a majority of the stock, and he's bought more. it comes three weeks before lampert takes over the c.e.o. duties at sears. shares responded with a 8.9% rally. the stock is now higher than the day before lampert announced he was taking over as c.e.o. three of the five most actively traded exchange traded products were lower. the emerging markets and japan funds were higher. and that's tonight's "market focus." >> tonight's word on the street, facebook. tomorrow the social netw

the shanghai composite is up over 3% and foreign investments restrictions will be relaxed. >>> swatch groupr $750 million. but u.p.s. walks away from a 5 billion euro deal from tnt. >> and generali unveiled a new major overhaul vowing to boost operating profits by 25%. not too much movement on futures since the last time we checked in. the dow was looking to add about 25 points at the open. the nasdaq is the weak link here. appearing has been weighing on this endecks fort last couple months. more news out for iphone. the s&p 500 trying to continue its rally, adding a few points here this morning. and it follows an overnight session in which china really set the mood. the shanghai composite is super strong of about 3%. the ftse global 300 is adding about .16%. so it has come off a little bit since we checked in. european bourses give you a sense of the trade here. they've come off of it. the european industrial production figures for november were quite weak. the xetra dax still up abo about .7%. so it, despite lagging so far this year been now one of the leaders this morning. the cac 40, up

. ♪ ♪ >> you may not believe it, but the biggest maker of swiss watchers, swatch group, buying harryon for nearly a billion dollars. take with that what you will. >> way out of their pay scale. investors dishing bonds for stocks? how to play it. that's next. >> plus, an offer that you probably cannot refuse. louisiana governor proposing a zero corporate tax rate and personal income tax rate. speaking with the man advising the governor on that plan coming up next. ♪

. >>> swatch group is buying the harry winston watch group for one billion dollars, assuming debt.panies are considering creating a diamond polishing joint venture. that is the latest from the fox business network, giving you the power to prosper. lori: who should be the next federal reserve chairman? one in five economists surveyed by "wall street journal" would like to president obama reappoint current chairman ben bernanke. only problem he is not interested in stick being around. lou dobbs is here. are you interested? >> look at this, a year before the job actually opens. bernanke is doing just fine, despite everything, why, this is the thing --. lori: jack lew in treasury and that relationship and some concern about where we go with the fiscal policies so zeroed in right now? >> let me say, comparing jack lew and ben bernanke is a little tough because bernanke has demonstrated through --. lori: they have to work together. >> i understand, but i mean, i'm talking about in terms of their contribution to the recovery from the financial crisis of 2007, 8, pick your number at the en

swatch group, i wanted to show you their reaction today. a mixed picture across the board. quick look at the bond space, we did just talk about what was happening in spain. they had a ten-year syndicated bond, about 5.2% this morning. so spain, italy, a different pattern. italy rallying after selling off earlier in the day. now it's roughly flat, 4.22%. uk yields pretty much unchanged after an increase in government spending or borrowing, i should say, in december from a year earlier. now, forex, this is the big story. as mentioned over here, the yen, look at this. you might expect when a central bank comes out with the aggressive measures like we've seen for the bank of japan today its currency would weaken. but that's not happening. the yen is 1% stronger against the dollar. so what's going on? let's get more on the asian market reaction to the bank of japan's decision from li sixuan. she joins us now from singapore. >> hi. thank you, kelly. some mixed back for asian markets. the nikkei saw profit taking after the boj's announcement doubling inflation targets to 2% and pr

. >>> swiss group swatch is adding some sparkle to the brand, scooping up harry winston's luxury liney and watches for about $1 billion. >>> toyota has once again dethroned general motors as the world's top-selling automaker, selling just under 10 million vehicles last year. >>> coca-cola is taking some heat for its new ad campaign encouraging people to come together to fight obesity. critics say coke is just doing damage control to combat its own contribution to the country's growing obesity problem. >>> we'll find out what facebook's big mystery is in a much-hyped media event today. rumors range from a new search feature to a possible facebook smartphone. >>> and nike pulled out all the stops in abu dahabi welcoming roar we macilroy to the company with a lavish new ceremony. he officially made the switch to the swoosh on monday signing a deal that's estimated between $100 million and $250 million. not a bad deal. >>> an amazing rescue. sheriff joe arpaio's freezing inmaltds and serena's big comeback. >>> plus a final flyover for one of the famed tuskegee airmen. you're watching "fir