it's a rare disappointment for the company. the stock was down 1% during the regular session, but fell another 15% in extended hours trading, dropping below $92 per share. but drug maker eli lil jumd to a post-recession high, up 5.3% in heavy trading. new data on an experimental alzheimer's drug showed it slowed memory loss in one group of patients. this same drug had disappointing results in earlier trials. all five of the most actively traded exchange traded products were down. the emerging markets and nasdaq one hundred funds fell the most 0.9%. and that's tonight's "market focus." >> tom: the rumor mill and hype machine are running again around apple. this time over what's been called the ipad mini, even though apple won't confirm any details, incdinghe deve's name. whatever it's called, it's widely expected to be introduced later this month as a smaller tablet, to better compete on price against google's and amazon's devices. usually a new apple product brings focus on companies providing the parts, but tonight's word on th

of the companies that have provided earnings guidance for the fourth quarter, 22 have been negative and only two have been positive. >> companies are already warning us not to expect too much from them for the fourth quarter. we've received the most negative guidance since we started collecting this data in history. >> reporter: the weak global economy isn't just bad news for big multinational firms; it is forcing many to tighten their belts by limiting hiring and investment, and that's bad news for workers and investors alike. erika miller, nbr, new york. >> susie: so, is today's market sell-off the start of something bigger? alec young joins us with his thoughts. he's global equity strategist at s&p capital i.q. >> susie: alec, we've had a couple of days of pretty big sell-offs. could it get worse? >> i think in the short term, it could, susie. i think what we're seeing on wall street is investors being a little taken aback at th missesn the top line. given all of the uncertainty that we have with the fiscal cliff and the drag that could pose on revenue growth into 2013, i think there

despite the company's solid quter, there are concerns about growing competition. that's as the era of apple dominating certain categories has passed. >> we used to say there's no tablet market, there's just an ipad market. done, over. amazon, google, the second tier, people like barnes andec noble, samng-- there's serious rempetition now, and they're taking more and more of the market. >> reporter: the timely launch of the iphone 5 and ipad mini sets the stage for a huge quarter for apple in the last few months of this year. the company is counting on at least one apple product under the tree this christmas. suzanne pratt, nbr, new york. >> susie: microsoft is also banking on big christmas sales. it unveiled its much anticipated new operating system, windows 8, here in new york city, and showed off itsew tablet, the surface. i the operatinstem key feature-- an ability to work across all computers: tablets, laptops and desktops. or one r llion hours of testing time went into the newho operating system and the surface taet. c.e.o. steve ballmer calls them a milestone

company. the need it or don't need it san francisco very soon otherwise the cab company has a lot of lobbyist come to you and you listen to them because they have too much money and too much power, they know a lot of people in city hall. we a cab driver lit a guy and now just 200 cab are going to the cab company. i think cab drivers should have same equal rights to lease the medallion from you, it's like 1900 from you, that's a way you can give a job to a cab driver. thank you. >> chairman nolan: next speaker please. >> david basada, aaron small, abell amid. >> can you show this to the people. okay. my name is david basada, medallion 833. i have here the constitution of the united states. i didn't write it. it>h;+<]'pk says here no state u make it bigger so that they can understand. it says here no state could abridge life, liberty, and property of any citizen in the united states, irrespective of color, race, or upbringing. how come you're depriving them of the medallion that they have waited for

the company reports earnings tomorrow. in corporate earnings, caterpillar topped estimates, but the big rig company lowered its outlook for the year on concerns about a slowing global economy. coal miner peabody engery reported an 84% drop in earnings, wieghed down by lower prices on coal. still, the company beat wall street estimates. toymaker hasbro also came in better-than-expected, but says its numbers were hurt by weakness in toys for boys and the stronger dollar. nissan's number one selling sedan is being recalled. u.s. safety regulators say bolts in the power steering of nissan altimas were not tightened properly at the nissan plant in canton, mississippi, and could shake loose causing a possible crash. nearly 14,000 altimas, model years 2012 and 2013, are being recalled. nissan admits an unspecified number of accidents have been linked to the loose steering bolts. the maker of famous london taxis may be running out of money. manganese bronze holdings, which manfactures the cabs, admits efforts to secure funding to k

the company makes the blackberry device and has seen its business hurt by apple and google. ut last week, it stuck with its pledge to introduce its newest device early next year. earlier, we reported on how mutual fund company vanguard will be changing benchmarks for 22 funds next year. the business loss for its current provider, msci, is estimated at $24 million. but it led to more than a $1 billion loss in market value for the stock. shares plunged 26.8%, free falling to a new low. analysts note the vanguard business may be small financially, but the change could be a knock on msci's prestige. four of the five most actively traded exchange traded products made fractional gains. the s&p 500 volatility note was down. it tends to move in opposite direction of the broader market. and that's tonight's "market focus." >> susie: more than 12 million people are looking for jobs in america, and almost half of them have been on the hunt for more than six months. so, to get everyone back to work, both presidential candidates are proposing ways to help the unemployed sharpen and upgrad

this toyota, is the big japanese transportation equipment company, and the sister company of toyota, the automaker. that deal sent shares of cascade soaring 18%. now for the other merger, genealogy website ancestry.com has agreed to be acquired by an investor group led by european private-equity firm pewrmira. the price tag is about $1.5 billion, or $32 a share. the stock settled just shy of the buyout price. among the day's big decliners: monster beverage. it plunged a monstrous 14%. the f.d.a. has reportedly been asked to look into five deaths that may have occurred from consuming too much caffeine from its energy drinks. l now a story for fans of annie's homegrown products. the stock slumped more than 3% after a barrons article questioned whether the shares are too pricey. and finally, the most actively traded e.t.f.s ended mostly higher on the day. and that's tonight's "market focus." >> susie: our word on the street tonight: regional banks. they've been reporting a big jump mortgage loans. but lindsey bell of the street.com says that hasn't meant strong earnings, or a higher stoc

the company repeated its forecast that aluminum demand will double between now and 2020. alcoa is the first dow component to report earnings, and is considered a bellwether of how the economy is faring. the stock barely budged in the regular session, closing at $9.13 a share, and was up a few pennies after hours. we're happy to have with us now alcoa c.e.o. klaus kleinfeld. >> welcome back to nightly business report. baseed on how alcoa did in the third quarter, how do you think business will be for you for the rest of this year and going into 2013? >> well, it's a miktsed word out there. there's a lot of volatility. we see in the end markets that we confirm, the aluminum market is going to be about growth six percent. we took is down a notch from seven percent. as you just said, this is a decade where aluminum demand has doubled. there's high growth also here in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy

the guy owns 50% of the company. 's always going to be running it because he's the owner. >> that's a good point actually. what did you think about that interview, guys, in terms of sheryl sandberg's attitude and the way she answered questions? it's the first time we're hearing from this company since the botched up ipo. you know, recognize that she did say that they're focused much more on monetizing, advertising, win was the big issue, right? >> absolutely. if you look at the tech space, the landscape is littered with the bodies of companies that weren't sure what they did. you have to execute on what you do, be dominant in it then you branch out. why i think zuckerberg should stay and he has the share power to stay. it isn't always a sweet spot with investors. if you don't believe me, look at zynga. >> sandberg built a business to $5 billion in terms of revenue. it's a $50 billion company. she came on in 2008, took over by what all accounts was a frat house and made it a real corporati corporation. it's still a $50

. >> narrator: among the companies that raises millions -- an online-video start-up with a famous pitchman who exudes trust. >> i'm sure you've heard of it. it's called the "internet." >> narrator: but the website is a sham. its only purpose is bilking investors of millions, and when the feds come knocking, one of the men who's allegedly running the scheme heads to sea. but first, street criminals turn to white-collar crime. >> this is the first time that i had seen people who graduated from narcotics, violence, and pimping to a million-dollar bank fraud. >> narrator: the feds say a young woman teams up with her gangster boyfriend and orchestrates a nationwide credit-card scheme. but the law closes in, and the fraud's alleged mastermind hits the road. [ tires screech ] february 2009. at the federal courthouse in sacramento, charles barksdale, a gang member turned scam artist, pleads guilty to running a massive bank fraud. barksdale and the mother of his child, neisha jackson, have run a network of scammers that stole more than $2.5 million from banks across the country. they've found there

the company have been unwilling or unable the unlock the value. is is a company where the hole -- with a lot less than the sum of the parts. yahoo! is a classic breaking up is hard to do story. in these stories at a time when there's low growth around the world, management can make the stock go higher simply by deciding to spin off a division or sell off some assets and split the company. the real problem has been that management it couldn't get its act together. what's changed? first, some of it simply that with they have a ceo who is here to stay. now, that may sound like i'm criticizing her with faint praise. i'm not. the truth is yahoo! went through four ceo's before they put her in charge. without consistent leadership at the top there's no way that a company can execute a turn around strategy or any strategy for that matter. now that yahoo! has the leadership issues sorted out, it looks like she is committed to doing whatever it takes to unlock the the shareholders. at google she had a sterling reputation as behind many of the most beloved fe

tcbi, the parent company of texas commercial bank. d they deliver highly personalized financial services to businesses and private clients and things like that we like it, it's tied to the strong energy market in texas and the 25 lending team these signed on in 2009 are starting to pay off. stock trades are significant to the group, i think bill would be better off with key corp. key. my charitable trust owns, they posted a 17% basis point increase. strong loan growth metrics, a much lower val waugs, so swap out of tcbi and swap into key. time for mail and tweets. here is one from glen @gdb 113. very close to my box at the eagles and he says any insights on ffiv, e.a.g.l.e.s. go eagles. it is integral to the whole internet traffic business. they are the traffic cop or the on-ramp off-ramp to the internet highway. when they do badly, a lot of companies sale down. f-5 shocked me and has further to fall. not a good quarter. next one from drew ever 36. what do you think of dsw? designer shoe warehouse, once mistakenly called discount shoe

they control 38% of the market and that gives the company some pricing power. even if the increase in milk prices hurts dean foods, i'm not saying it won't, probably will. this is getting baked into a $14 and change share price and could drop other buck if they were to slash estimates big but that's rallying nicely higher if it doesn't. that's a good risk award. now that dean foods is breaking itself up, the key issue for this company is not what's the price of milk, how much value dean can unlock by spinning off the whitewater portion and selling morningstar. this is one of those stories the sum of the parts i think vastly exceeds the whole. goldman sachs did an analysis and they came up with pretty much the same number, when you break the company down into its component parts and fresh products and spinning off morningstar biz dean is trying to sell, give each one its own valuation they're trading, that's called the comps, add them all up. these firms say the sum of the parts is worth $20 a share although there was one a little higher. 30% higher than where de

the only companies that do are all foreign-- huawei; ericsson, which is swedish; and the french company. >> lewis: that's where we've ended up. we now depend entirely on foreign suppliers-- three european, two chinese. no americans. >> kroft: the united states used to dominate this field. >> lewis: yeah, it's true. you know, i guess just we were asleep at the switch. >> kroft: what happened? >> lewis: some of it was just bad planning at the company level. some of it was a lack of attention by the government. i mean, we would not have let the space industry go out of business. we would not say, "oh, we'll depend on foreign companies to launch our satellites." but we didn't do that for telecom. >> kroft: concerned and suspicious of what it calls "continued chinese penetration of u.s. telecommunications," the house intelligence committee called huawei executive charles ding to answer questions about the company's corporate structure, ownership, finances, and management. the committee seemed to get nowhere. >> rogers: the committee has been disappointed that the company's provided little ac

the company was founded by the two guys who ran peoplesoft before they eventually sold that company tooracle for a ton of money. so it had a top-notch bloodline. it's the equivalent of secretariat and seattle slew. it priced to $28, well above its already raised price range and opened at $48 for an enormous pop. and it is still going higher today. the stock went out at $52 and change. then there is realogy, which looked like it should be like real estate. realogy is the world's largest franchiser of residential real estate brokerages. last year they were involved in 26% of all existing home sale transactions involving a broker in the united states. there is some market share. given that the housing market is now on the rebound, realogy could have many years of mammoth growth ahead of it. the ceo calls it the purest housing play out there. so this is indeed a fabulous growth story. it has just got the secular growth path right now, and because of that market share, wow. even though realogy was being spun off by apollo, those guys believe in the story so much, they didn't sell any of the

today is the largest oil producing country in africa the scene of a banquet between companies. after arriving by helicopter and after the regulation search patrick one of the two managers takes over from his colleague john francois his back to back in offshore speak. an engineer turned manager of a nigerian father and a maltese mother. is one of the rare employees of the company to hold such a post. you're going to pay for his schedule to produce one hundred sixty three thousand barrels a day for next month we're where we're dealing here with large volumes of condensate which is very very flammable has more flammable. oil and also with large volumes of gas a type pressure. it's a kind of a system so we kind of weeks before how it meets the sparkle sourceforge mission to the next thing you would have a fire and then you put a risk yes everybody has to be worried about fire because a fire on board could be disastrous it could be sisters. so we have to be careful here to be permanently on the alert which you pass through because i'm proposing to come to scrape initial two thousand

here is the company. smith is still with us at adam shapiro and nicole petallides from the floor of the new york stock exchange. intel on big loser in the dow. nicole: number one loser in the dow jones industrial average. tech stocks have coming to focus because analysts are all over the place and intel is one of those downgraded to lana underperform from overs of a performer and we see it down here 1.7% roughly. 28% now. some other names, and i have one more for you. that is good. hewlett-packard. charles: can you imagine ten years ago initiated with sales bill and sheila packard. new at 10:00 another failed green company supported by the president. in 2010 president obama visited the factory of compact power. the company received $150 million and was supposed to make batteries for the chevy volt. now the company is furloughing its workers and yet to produce a single battery. mitt romney said last week about this in the debate search. >> don't forget. you put $90 billion, 50 years worth into solar and wi

now the company has come out swinging, defending its practices. bill plumber is the vice president of external affairs of huawei, and he has some very harsh words for congress. he is going to be here straight ahead. liz: yeah. we'll ask him about the competition too. so much to talk about there. but first, we're going to tell you what drove the markets with today's data download. stocks started to slide after that first hour, couldn't recover. all three major indices lower following a weak economic growth forecast from the imf. the fund saying it's going to be worse than they expected but still seeing three plus percent growth there. the dow crossed the unchanged line 20 times in the first hour of trading. but slipped into the red for the rest of the session. technology and consumer discretionary today's worst performers, and as we said, energy the only sector to end in the green. palladium, this is the metal that helps catalytic converters convert. it was the sole gainer among the metals today to rise to $658.20 an ounce. a stronger dollar weighed

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that have the, call it the critical mass and the ability to market that, the ritz-carlton company. >> rose: sure, it is first one we think about. >> would certainly be more most formidable but there is a mandarin and the peninsula and the one and only and lot of independent, individuals hotel owners within each city. >> rose: do you still prefer big cities to resorts? >> no. we are going into a new country, we will want to establish first in the city before we will extend into a resort,. >> us to get a foothold, but, no, they are both viable, they are both part of the company's needs. we must have product of both in most major cities and most countries. >> rose: when you decided to give up the ceo job -- >> well, i -- you know, from day one i have always been in control of my destiny and. >> rose: i prefer that too. >> yes. and that's a privilege. but, you know, it is inevitable and i knew my major responsibility -- well look the company has been my life and it is something i have got my -- everything invested in my life in it. so as every ceo's role is to plan for succession. >>