the company is one of the largest i.t.kets in the world, and also has the biggest population in south america. number two, india. india has a big appetite for u.s. goods and services, but high tariffs and multiple languages can be limiting factors. three, south africa. its stable banking systems and business-friendly environment makes it an attractive market. transportation consulting and franchises are doing well there. number four, turkey. turkey is both politically and financially stable. tourism-related products and services and consumer products are in demand. and number five, vietnam. the company's economy grew an estimated 5.8% last year. there is room for growth in the wastewater treatment and the machinery industries. it is time now the answer some of your business questions. alfred and gene, are with us again, but before we get to the viewer questions, i want to ask you a question about something that has been in the news this week. something about the idea of a small business or employer in our case asking emplo

i think anybody who's worked at ford or spent time at the company in the years before its recent turnaround is just how true that is. i mean, as they go on to describe, and this was a company where time after time, going back to the days of the model t., they really hit the ball out of the park with one product. and then they just didn't invest in that product. they didn't keep it competitive in the past by other automakers. they did that with the model t., the ford taurus in the 1980s. was also a company where there was just really rampant careers for people put their own careers ahead of what was best work for ford in the bottom line and the customer. some of the stories i talk about and heard this i was researching the book just boggle the mind. there is a decision made one point a few years ago about a product being designed for the asian market come a small very competitive. it actually ended up coming the fiesta on sale today and it was originally designed so that it couldn't be sold in the u.s. because the person who is in charge of the division of the time didn't want the u.s. divis

mainly the company spends its company on r & d to fuel future growth. es came in an astounding 16% this quarter, the highest of any drug company i found. fifth, can they expand internationally? check. they already have. internationally makes 40% of sales, up from 30% two years ago. and they're growing sales three to four times in the emerging markets. six, is their balance sheet strong enough to support the level of growth we need to see? check. at the end of the fourth quarter, they had debt and investment of $2.6 billion and that's plenty. seventh, is the stock expensive when it comes to the out years? it sells for 19 times next year's earnings with a 14% long-term growth rate and sells for less than 17 times expected 2014 earnings, it means it has a peg ratio that is reasonable for a country. eighth, can the management execute? check. remarkable job steering the company. nine, are they hostage to global or economic growth? no, it ain't. their businesses do well in good time and bad. last but not least, can allergan grow margins or will it be overcome

third, can the company stay competitive? ple again makes this exercise easy because it's so innovative. but it won't be as easy for the others in this series as you'll hear. fourth, is there the possibility for the company to return capital to shareholders over time? we see a lot of companies pay out for no reason. or does the company have such a well-defined growth path that it can just continue to pile money back into the business? get accelerated revenue growth? in apple's case the company had too much cash so they decided to return it, a big chunk of it to shareholders at no reflection on its growth rate which remains strong. fifth, can the the company expand internationally? apple's further along than most, but not in all phases of its ecosystem. sixth, can the balance sheet support the growth? apple's got the best balance sheet of any country or company or person i've ever seen. is the stock expensive when it comes to the outyears? meaning several years out? that's what a good stock gets measured by. apple should earn m

he pored over the thick file of data he had collected on the company. he research he had been doing on ford since that first phone call had generated a myriad of questions, and he was about to meet the man he hoped could answer most of them. mulally began writing out his questions. the plane landed at willow run airport which had been built by ford during world war ii when the company was in the bomber business. when mulally stuck his head out, he found a driver waiting for him next to a ford expedition. the man took his bag and opened the rear door, but mulally climbed into the prong passenger seat. as the big sport utility vehicle navigated the winding roads, mulally found himself growing excited. he tried to temper his enthusiasm. i'm just here to gather information, mulally reminded himself, i'm not deciding anything. they pulled up to bill ford's gate at noon. mulally admired the leafy estate. he recognized that he was in the domain of the truly rich, but as the expedition pulled up to the front door, he was surprised to see the lord of the manor em

and the others beholding company. the two that we are running and on today are where the problems lie. there are a bunch of other things but those of the main entities we are focusing on. correct? >> a huge risk officer for both? >> correct. >> you are the risk officer for both. >> didn't organize ourselves on an entity basis rather than a global basis. >> what were your responsibilities in the holding company? what looks like happened -- maybe i am crazy -- i think the inmates were running the asylum and that is why this happened in the first place. we have massive leverage happening in the holding company. leverage that she first officer said he had problems with $2 billion and it went way beyond. jon corzine didn't like the answers he was getting from mr. roseman so he hired you. leverage keeps going. very risky. market conditions continue to change and margin calls happen. when margin calls happen the liquidity wasn't there and in the final hours in the mayhem someone which we yet to find out but everyone has a goo

and the public company for the security laws and requirements and regulations and common-law dabbing tr doctrine. >> it's not a public company. they're not a public company. >> and yet, they-- >> they're not a public company. >> a private placement and-- >> they're the not a public company, apples and oranges. >> they're not a public company. >> and the shares-- can i at the point you-- charlie-- >> that's not even-- >> they're he not a public company, they're not a public company. >> guys, guys, let's get to the topic for a minute. forget about that, forget about that. and-- >> but as to your topic, it's true, the president hammers the oil companies over and over and over again, and i don't understand why. the oil companies haven't done anything wrong, but they are public companies, responsible to stock holders and facebook is not a public company yet. >> we'll bring it back to you. >> they are a private company that's registration-- they have private shares up to the sec, they have regulatory authority. >> which brings me back to the original premise, charlie. then why doesn't the p

>> there are areas where the companies compete. but then there are all these things where we just don't compete at all. >> is the goal for you to conquer the whole internet? to own the internet? >> well, think about it like this: people--if they can use a product of any category-- photos, groups, music, tv, anything--either by themselves or with their friends, i think most of the time, people want to do those things with their friends. >> so is the answer yes? [laughs] come on. >> the answer is that we want to help other people build a lot of these products. >> he doesn't like to talk about competing with google, just as he didn't in 2008 when i compared him to its founders larry and sergey. you seem to be replacing larry and sergey as the people out here who everyone's talking about. you're just staring at me. >> is that a question? >> that line is now in the social network, the movie about facebook. >> is that a question? >> the question is, who is the real mark zuckerberg, and how did facebook really get its start? >> why didn't

it is the third business that gets knew the company. they're part of the food chain that could map the genetic makeup of a cancer patient, compare to the dna found in the tumors, making it more likely they get the right kind of chemotherapy. used to be expensive to do this. they have come out with a pair of game changing new products that could only allow doctors to decode the genome in a day for less than a thousand dollars. they plan to show the ion proton sequencer, and then the ion proton 2 to hit a milestone. these are cheaper than sequencers on the market. technology could be more widely available and used. this matters. sequencing business is red hot. one of the competitors lumina up 46%. if life technology can get valuation like lumina. we talk to the ceo to find out about the quarter and products. welcome back to "mad money." >> great to be here, jim. >> i know i should talk about consumer report, but i have to admit i'm more, i have to know more about this new proton on schedule, the bail or college of medicine. i want to know

to surveillance companies and one of my colleagues went to brussels last week testifying to theuropean parliament about how it has been used and how we think that we can hold these companies accountable. on the other hand, some of the regulations that were posed are problematic in that just as back in the '90s the crypto wars blocked encryption technology from being exported. i'm sorry, the regulations on encryption rather and we have that ability to support encryption technology. there are similar regulations on surveillance technology. right now syrians are prohibited from accessing certain communications tools for existing commerce and treasury departments so they are trying to strike a balance between ensuring that the surveillance tools don't get in the wrong hands but also ensuring that communication tools are accessible to all. it does seem like an unfair for -- fight. in terms what people can do we should be looking at the same sort of model. users need to be aware, not just users, sorry, obviously multiple users but stakeholders and everyone involved in the process need

the stock has moved. companyd $1.81 per share excludeing one-time expenses, 12 cent beat with inline revenues that rose 6.2% year-over-year. ppg talked about strengthening demand in most of the end markets as well as growth in emerging regions. they expect the next quarter to be even better. ppg has given you 141% return including reinvested dividends. but it's only up about 8% year-over-year. and i think the future's looking a lot brighter for this company. let's check in with the bankable chairman and ceo of ppg industries to find out about the quarter and where his company is headed. welcome back to "mad money." >> it's great to be back, jim. thank you. >> i'm going to have to take a break here and say, listen, ten goals by your pens versus the flyers, don't get your hopes up. >> they got one back last night. they needed it. flyers have played well, but don't count the penguins out. >> all right. i won't. i won't. and i'm not going to count ppg out because you said something that blew me away. i'm going to quo

that tops the market capping of all but 20 companies. bout what else you are earning. >> that are is likely to grow above 150. if you look at the cash generation, by the end of this year's holiday quarter, let's look at a few other things. this was christmas all over again. christmas in july. this was christmas in april. this was a 14-week quarter for them. they did just 2 billion less this quarter. they did the same thing over again with strength internationally. people will be raising their ipad estimates and they are at about 27 million units for the year. if you count back to the holiday quarter, the fiscal year with the holiday coming this year with the momentum they have, they will get up above that. finally at&t and verizon the holiday, 31% of iphone sales. for this quarter 21%. look at how much less. >> they sandbagged everybody. >> i am not sure. you would almost think they intentionally sold fewer iphone, but no reason to see how they could do that. people buy iphones and buy iphone, but it shows that those carriers don't have a

when is the company going to be profitable? you have to wonder about the margins declining even though revenues continue to go higher. >> you love the company, and i think if you read steven jobs' book, you realize who the corporatal pel was, and that was steven wozniak. i think because of that, the correspond of this business is solid. i love where this company is, where they are in the space, but they have to start converting that to earnings at some point in time. they're not going to do that yet, but i think at some point they will. the growth potential is unbelievable. i own this stock because i think at $28, valuations look a little bit lofty, but i still see a company going in the right direction, and i see the growth, and at some point either somebody buys them, which i don't think is going to happen, or they try to grow into what they are. >> it looks like they're trying to get better adoption of their products in the marketplace. >> and when you've got apple as one of your big competitors, that certainly is a hard one

reasons why you said that the company berkshire hathawayay have the wind at its back, there are a macro of reasons. that has nothing to do with management or who might take over. it has to do with the u.s. economy and your stance on where the u.s. economy is going. >> i think when you made a gigantic housing bet and you see usg going up, an investment and mass going up on bad quarters and the housing stocks being some of the best during the first quarter, what you come back and say, listen, might have the wind at its back, it is difficult to come up with price to earnings analysis on berkshire hathaway as opposed to apple where goldman sachs comes out with numbers butting a $53 number on 2013 and you see i am buying a company selling at certainly vulnerable versus buying a company where i really like the fact that berkshire hathaway made a lot of money over the years. they're different styles of investing. some i am more comfortable with than others. you have to look at the prestige if not wild mosaic and decide the insurance business hasn'

the company is the largest company in the world now. the stock went from a few dollars a share to $600 a share. it is owned by the wealthiest institutions and the wealthiest people in america. and these companies see apple make all their products in china, a communist country run by a dozen individuals. and the worst part is that in america where they should be making the products and where they have to follow laws, they don't make anything. and there are millions of americans out of work. tens of thousands of veterans are coming home from afghanistan and iraq out of work. and they continue to do business this way. and it's a shame and someone should say something. and there's complete silence about apple. what do you think of that situation? >> apple has not disclosed any scpa investigation. i'm certain they have a policy on the books about complying with the law. china is a big risk. a lot of the business there are state-controlled, so officials at the businesses could be considered foreign officials under the fcpa, but there are inve

the companies that were in trouble and the casinos and the oil companies are making at the risk of being modest, making millions of dollars. >> let's say you come in and work your magic and do what you have done in the past for other companies. how much would this company be worth? what's the time frame on this? >> you never can put a time frame on this. >> i have been good and i look forward to buying it. i said i would buy it and there with the money, i would tell you this. we ought to get this overwith and stop wasting the money of the company that in a sense is my money. it annoys me that these guys can't just say okay, well done and congratulations. get this over with. you try for months and months and they didn't succeed. what are they going to do now? they are like the soldiers. you think something is going to happen. >> we hear you. you are annoyed. >> it's not an annoyance, but makes my point about corporate america. i won victories and shake the hands and say okay, here it is. congratulations. i'm more surprised about this. they tried their best and they said things that annoy

the company had two missions. e first was to sell valves, instruments, gauges, including oil refineries, utility companies, general contractors, and municipal governments. the company's second mission was to provide repair services for those products, both at on-site locations and in the repair shop. the two missions complemented each other, and valve resources was successful in pursuing both of them. their repair business boomed and as the company's name spread, their sales figures grew along with it. >> now we figured the only way to make it was to go all out. every penny we made got plowed right back into the business. no job was too small for us to take on. sixteen to 17 hour days, six to seven days a week, wasn't unusual at all. and that went not just for don and me, but for our employees too. you know, looking back on it, maybe that's where things went wrong. [narrator] >> what went wrong was that the shop and the repair crews were starting to talk about forming a labor union, and from the looks of things, th

the company boosting bottom end of its full year forecast. shares on the upside by 1.79. unite technologies first quarter profits up 22% from a year ago. revenue, though, in below expectations. right now shares in that company are last traded -- they were on the upside the last time i checked. all right. broader picture, the dow off of its best levels of the trading session. but we're still up about 80 points. one big reason is ibm. good to see you, my dear. >> always a pleasure to be with you. 22 years, sue and i together. bottom line here -- >> a happy marriage. >> ibm boosted the dividend. 13% to 85 cents. a lot of companies boosting their dividends today. parker hanifan as well. bear in mind, the s&p, 1.9%. they're actually below the s&p's dividend yield. ibm has been boosting it for years. they've never been a big, big dividend payer. see the stock is up here. by the way, earnings have been great. you mentioned three companies. >> three that all beat expectations, solidly beat expectations as well. >> they're doing this on a regular basis. earnings right now up 4.9% o

markets for the company. isappointing and unfortunate that it had to be revealed by the new york times. >> let's talk about international because that's the focus here. it is the growth story for the company. it, of course, is the largest. international has been a key focus for some time. >> it has. that is where the incremental store growth has been for the most part. they are growing their store base in the united states. they've got 2,100 stores in mexico, more than 200,000 employees. wal-mart to mexico is the largest employer. it's a very important market. that's where the growth has been. it could have some implications for the company opening further stores in mexico or perhaps elsewhere around the world. that would be unfortunate because that is where the growth has been overseas. >> they have 2,100 stores in mexico, that's 37% of wal-mart's total international stores. if you talk about a place like china where wal-mart has less than 400. what in your opinion is the primary reason wal-mart shares are do

the difference they made. what happened here is two companies competing, the french company got financing and export bank leveled the playing field. they went head to head on cost, value, schedule, reliability. in the end orbital won, the workers at orbital won and america won because this deal continues to spur growth through the satellite industry in america. last year we financed sustained over 4,000 jobs at boeing, orbital and loral. these satellite deals have a multi-fly effect up and downstream. you've got suppliers selling parts to orbital and you have other companies making launch vehicles and communications equipment. this is the type of work ex-im bank supports day in and day out. i'd like to stop for a moment. i want to ask the ex-im employees in the room to stand and be acknowledged. can you all stand. [ applause ] >> now we have a sellout crowd. a few of them couldn't get here today, the rest are at the office. someone has to work. you know how essential ex-im is to your business and the business community understands this. so do most in congress. but we still hear criticisms of ex-im that frankly m

like they did with kors, the apparel company. tal giveaway for anyone who got in at the ipo, but like kors, after it became public, it was still worth buying. which has made me rethink my analysis. i normally would have said bear, now i'm saying bull. what makes me so confident about this one? it's the simple mathematics of value comparisons. i think of annie's that makes organic mac and cheese along with snack crackers and frozen pizza's as being the faster-growing little brother of hain celestial. hain made a ton of money over the past few years. so if you want to figure out whether annie's is actually expensive or not, you can't look at the initial pop. that's not going to do anything for you. you've got to look at its price-to-earning multiple compared to hain's and consider the growth past of both companies. now, i would admit, candidly, when i was on "squawk on the street" and on the show, before i saw the numbers, i was ready to can conclude that annie's had flown too high, too quickly. that was a snap judgment. now i think

international expected to count for 60% of the company's sales. l screens tend to be a lot more profitable. transformation eems -- seems incredible. we have the ceo of imax here to talk about where his company is headed. welcome to "mad money." >> great to see you. >> great to see you, too. >> there are a couple um companies that have been able to make it so china is the most important part of their business, it's yum, starbucks, coach wants to be there. you're likely than all of them to have your business be bigger than the in the united states. >> we have about 225 imax theaters. in china about 100 are open, compared to 350 in america. when we opened "the dark knight" in 2008 we had 100 imax theaters in the world. now we have 225 in china alone. we opened avitar in 2009, we opened on 13 screens. we're looking at 225 in a couple of years. it's been meteoric. >> a lot of people feel that it's been a rocky ride. some of it is just an embarrassment of riches. you do avatar and then you can't live up to it because it was gigantic. now it looks like a

the justice department says one publishing company c.e.o. bemoaned the "wretched 9-9-9 price point" amazon charged for e-books. that competition, the department says, convinced publishers to team up with apple at secret meetings to develop what one publishing company c.e.o. called "project z." >> during regular, near quarterly meetings, we allege that publishing company executives discussed confidential business and competitive matters, including amazon's e-book retailing practices, as part of a conspiracy to raise, fix and stabilize retail prices. >> reporter: apple emerges in the lawsuit as a kind of cartel leader. the government's lawsuit says the company pushed to seize pricing power from bookstores, and it quotes former c.e.o. steve jobs telling publishers it was time for a new model. "you set the price," jobs told publishers, "and we get our 30%. and, yes, the customer pays a little more, but that's what you want anyway." apple declined our request for comment. simon and schuster, hachette and harpercollins settled with the justice depa

alcoa on the other hand, much tougher call. here's a company run by terrific chief executive claus kleinfeld. he's made alcoa's aluminum competitive with many other materials during reign. they make the aluminum case for your ipad, the material for natural gas turbines, aluminum coke bottles with the interesting print on it. we could be selling 15 million cars this year and they need a ton of aluminum. and it's so cheap, it can replace copper as a conductor. but this is a big but, as we saw today with the cuts in capacity that alcoa announced, including takeouts of jobs in italy and spain, there's way too much aluminum being produced the world over. and a lot of it is made in china. where you're allowed to pollute the heck out of the air and where making this stuff is basically a communist works project. here it is, make more aluminum than you need. that's like the first chapter. the prc puts people to work making 5 million tons too much aluminum. there's the overcapacity, and the 390,000 tons that alcoa took out with this announcement today, t

but entering the myanmar market is not an easy task. companies from china, the largest investor country, are the main competitors. most motorbikes seen on streets are made in china. >> translator: chinese products are cheap. and they're good. >> reporter: going round the shop's backyard, they were in the middle of an assembly copy of japanese brand products. they bring in parts from china, and do the assembly in myanmar. so they can make motorbikes at under one-third of the cost of japanese products. >> translator: people in myanmar really want japanese brands. so people will choose to ride japanese motorbikes. >> reporter: firms from differing countries are engaged in the battle to win share in the final frontier, myanmar. competition is likely to become even more intense in the future. yoshio arima, nhk world, yangon. >>> japanese trading houses are trying to enter that competition. they're looking for opportunities in the construction of roads, ports and other infrastructure. they also want to develop natural gas and copper. marubeni set up an

the company getting a big bid from a smaller private company. so will the big boys of makeup step up? more on this developing story in minutes. and fly me to work. a cutting edge way to get past all the traffic on the new jersey turnpike. it is now exactly street legal yet, mandy, but a guy can dream, can't he? >> we've been dreaming about it for a very long time. in the meantime the dow and s&p on pace for multi-year closing highs. the nasdaq just a few points short. the dow is trying for its third straight session of gains. s&p touching a fresh multi-year intraday high. the highest in fact since may of 2008. and the nasdaq coming off its best first quarter since 1991 wu trying to avoid a five-day losing streak. and here's your stat of the day, the beginning of the week, historically april is the third best month for the dow, s&p and nasdaq. there you go. brian. >> in addition to what mandy talked about, global data really setting the scene today as well, right? and as we went to bed last night, things seemed pretty dog on rosy though private me

they said olympus should get top executives from outside the company. they pointed out that if the managers are related to the main banks, the views of those lenders would be strongly reflected on decision-making, like the issuance of additional shares to beef up its capital. with the new team in place, the firm will begin rebuilding its business. the major focus is whether the firm will tie up with another company. after olympus corrected its past earnings statement, its capital to equity ratio came to 4.4% at the end of last year, gene a company needs to have a capital ratio of 20% to 30% to stay financially healthy. olympus is reportedly considering a possible tie-up with sony, fuji film. it hinted at the same time that an option to reconstruct the company on its own was also on the table. now all eyes are on the regular shareholders meeting scheduled for late june. by then, the firm will decide on its future direction. >>> a japanese stem cell pioneer has won one of the world's most prestigious awards for technology. a committee in finland named shin

last year the company tripled its backlog. 's pretty incredible for an engineering construction. the stock is up a spectacular 88% since the last time we spoke with the ceo back in february of last year. i identified this as a play on natural gas. it's about five points off its high at these levels. does it have even more room to run? let's check in with sam thomas, chairman and ceo of chart industries, to find out more about his company and how other countries use natural gas. mr. thomas, welcome back to "mad money." thank you so much for coming. >> hi, jim. >> have a seat. >> thank you. >> your symbol is gtls. that really is a major part of your story, right? >> it is. gas to liquid systems. >> and nobody else really does this, do they? >> well, there's others playing around the edges but not anyone that's as devoted to it as we are and has put as much effort into it as we have. >> okay. you know that because you watch the show that i'm a huge backer of natural gas to be used in many different businesses including trucks. can

he left the company thriving in his absence. her it's because of the stewardship or ideas on the board, it's working. and if it's working, got my blessing. bottom line, let's not forget what this business is about. it's not about corporate governance per se. it's not about rules per se. it's about making money and losing money. it's about finding investments that work, as long as the ceos are honest and doing a good job and are not looting the company, which by the way i do not think aubrey mcclendon is doing, then i'm square with it. if they're making money for you. and i'm not square with it if they're losing money for you. the stock goes higher? good. stock goes lower, bad. simple litmus test, one that has made me a ton of money over the years, and it's one that i think can work for you, too. alex in florida, alex? >> caller: big boo-yah from tallahassee, jim. >> hey, sunshine. how you doing? >> caller: pretty good, and you? >> i love t-hass. what's going on? >> halliburton. based on their earnings report that came out today -

can the company stay competitive? heck, yeah. lulu lemon built itself into a beloved lifestyle brand with stores where the people love to shop, creating tremendous customer loyalty, but i believe you need to look at lulu as a tech company because it's so innovative. you've got the proprietary technology like the nylon and lycra blend. dries quickly. the anti-bacteria slash anti-stink pants. and the company's constantly inventing new products. new fabrics. then gradually introducing them to a product line and a cycle of innovation that allows lulu to perpetually differentiate its products from the competition. point 4. is there any possibility of a dividend in the near future or alternatively we'll take it if it makes more sense for lulu to keep investing that cash in the expanding business. this is a quintessential junior growth company, so it makes a lot more sense for lulu to invest in itself, something that should ultimately reward shareholders via higher share price. point 5. can lulu grow internationally? come on, they alread

>> no, i think the utility companies will see this as a solution. ey need to do is buy bloom boxes, put them in the substation or the neighborhood, and sell that electricity. >> they'll buy these boxes? >> they buy nuclear power plants. they buy gas turbines from general electric. >> to make power, you still need fuel. many past fuel cells failed because they needed expensive pure hydrogen. not this box. >> our system can use fossil fuels like natural gas. >> mm-hmm. >> our system can use renewable fuels like landfill gas, bio gas. >> solar? >> we can use solar. >> you know, it's very difficult for us to come in here and make an evaluation. how are we supposed to know whether what you're saying is true? >> why don't we talk to our first customers? >> he already has customers-- 20 large well-known companies have quietly bought and are testing bloom boxes in california. like, fedex. we were at their hub in oakland the day bloom installed their boxes, each one costing $700,000 to $800,000. one reason the companies have signed is that in california, 20%

credit suisse says the company is a buy heading into earnings. let's bring in senior analyst katherine arnold with the reasons why. the stock has underperformed thus far this year. why should we buy it now? >> the stock has actually been a great performer over a 6 and 12-month period relative to the market, and the reason is because investors are trying to figure out where is the story going? they're not buying for 2012 earnings, but the company's restructuring to recreate itself, to invest in its pipeline. so, it's really about making a bet in the longer term and tomorrow is a checkup, if you will, to see if it's on track. >> you're telling people basically to sit tight through the company as it transitions itself. >> that's right. how high is the stock going to go? obviously, the stock's seen much lower levels, so there's been increased optimism. we are talking about an era where these proceeds from both the nutritional sell and the anticipated either spin or divestiture of the animal health business are important. how low does the share count g

go through the plorevious callsf your company. ajority of calls about europe, you know you're going to be in for a bruising about. that's what the analysts are forcing the companies to talk about. as correlated with europe as many bank and tech stocks, it's china that controls so many of the cyclicals. go listen to the earnings calls of caterpillar, joy global, cummins. check out the calls of freeport port mcmoran, peabody, or vail, rio tinto. owning these stocks is like owning a piece of the great wall of china. you don't want to be in them when the great wall is crumbling. it's got to be such a pervasive worry that i've seen stocks like yum and coach which has been expanding aggressively in china because of worries about a chinese slowdown. without paying attention to what the chinese are dumping on our markets is like taking your financial life into your own hands. corning, 3m, ppm also march to the beat of the asian drummer these days. you're not going to see it in the release. it's all in the pestering by the analysts. it's pr

the corridor. and it worked. i'm with another company that had decided to relocate in the same building, but what was happening across the street at a lot of people did not know. on 10th and market, there is a project that has been a hole in the ground for over three years, crescent heights. they did not start that project, about 500 units, because there investors got shaky over the last couple of years, even though they got permits in hand, because of the economy. within weeks of the twitter deal being signed an legislation going forward to exempt them from the payroll tax, the investors of the 550-unit building released their contractors to go to work. that is why you see three cranes on that site. this is the investor confidence that we are now producing because of one decision that was so remarkably regurgitating to run market street. and then you have seen other things, donnie's cafe relocating. zendesk. even before that income was signed with twitter, zendesk moved in right in the middle of market street. there are more coming in.

news international is one of the companies in the operating companies reporting to me of the time with respect to use international what i was focused on in this period were as i said before, the overall commercial strategy of the business we were in the process of taking come at the start of taking the cost of of the business and restructuring and member of the apartments in the corporate structure within it as well as developing the longer term strategy for the company with respect to its digital products and the like, and not having -- hispanic to be helpful in such a reading myself there, the day-to-day management in the legal care and the court cases and things like that is something that the management, the direct management of the company was dealing with. >> could i just asked on that you clearly appreciated the great loss and that whether it had a reputation on the applications received considered but did you consider instituting making the request to see what's going on with this, what decisions did we make that we shouldn't have made, what went wrong with this litigation whi