it's expected that tyco would employ about seven hundred people in cork where wind tyco in the late sixties funny thousand people live on the grill may not be a peace deal. its continuing success is a great boost for the site to see. recruitment has already got under way to fill the three hundred and fifty vacancies and the company expects that they would have them all in full by the end senator as they say that around seventy percent of the new positions will go to irish graduates. geraldine high tea or tea news corps while tesco was announced it will increase its workforce by a further two hundred and fifty this year sixty five you tell the truth the promising damage here in south dublin with forty five of the new employees recruited locally from the live register. exchequer returns for april showed tax revenues are two percent higher than forecast for the first four months of the year. however the imf has told government should stick to its current adjustment of two billion euro in expletives. morningstar economics correspondent children enjoyed the not so this means no hope of tax cuts

what happens in the wake of what you talked about, the enron, worldcom, tyco successful prosecutions,thur anderson, the famous -- >> accounting firm. >> -- accounting firm that enabled enron and arthur anderson goes out of business after they indict the firm and the department of justice learns this horrible lesson which is don't do this, don't indict companies. >> because thousands of people lost their jobs. >> yes. >> and there was bake lacklash. >> there was a backlash and terrible consequences of this. on the other hand, arthur anderson was a resyd vis firm. they had overseen not only the bad books of enron but also waste management, sunbeam. they were recidivists and they destroyed documents. so when you confront were resid. and they destroyed documents. when you confront this, prosecutors need to meet out justice. so there's blow back, it slings the other way. and prosecutors lose their edge because just getting a settlement is a career went and you never have to go into court and learn how to get a guilty verdict. >> yes, it's been an insidus b i biproduct. so once they figure

the crisis in the next round of crises were the accounting scandals in the in the early two thousand tyco adelphia world com you know we pushed criminal cases and all those instances and then there was the crash of two thousand and eight where we're still waiting for the first big case involving somebody responsible for those for those things so i think there's a progression that's worth paying attention to. the american society has. sound a hatred of the weekend poor but incredible ideal a gin and worship for people make money pretty strong statement profound hatred of the weekend or. i think i think there is an element of that you know it's funny a lot of people are talking about there it's this mystical mystery of why we've suddenly had this explosion of the prison population despite the fact that crime has actually been dropping at a fairly persisted its rate since the one nine hundred ninety and a lot of people point toward cultural factors just the fact that we look at poor people differently than we used to with without compassion and with a sense of annoyance almost that the poor

>> it's a spinout from the old tyco. it's-really the crux of the business is amp.what a great great connector company. huge industrial play. i like analog devices for industrial exposure, i like in my mid-cap fund, i like linear tech for the industrial exposure. you got to like telecom for their industrial exposure. those are the way you play industrials are the back doorways to do it rather than saying i have to own ge, i like ge, there are other ways to play power pricing companies. they're armed sellers, what these guys are, old-fashioned armed sellers, always better plays if you're on the right trend. >> you don't own apple or you do? >> do not. >> why? >> oh, man, i don't know >> i hate to ask people who don't own -- >> it's been the wrong call. it's not expensive, no doubt, it's not expensive. but what are you going to get from this company? >> it's already $500 billion. how much more do you think the share price can grow this is question? >> i'm not a big player in financial she flanagans. you will get a return on your capitol not of your capital with all th

tyco, marathon, conoco, and at this point we have the whole corporate break up down to a science. that's why tonight i want to tell you about three recent break up stories that i believe can help you to try to make serious money. energizer, mondelez and alient tech systems. first let's talk energizer. enr is the symbol. you may know it as a battery company but energizer has become a real toxic stew of businesses that really don't belong under the same house of pain roof. for over a decade in order to get away from the old fashioned battery business which is in that slow motion secular decline, energizer has been moving into the personal care space. trying to become a mini procter & gamble. they're owner of edge and skintimate and their hands are in the feminine hygiene business and diaper geenie. but even though energizer has been through aggressive restructuring and made smart acquisitions, it's still a company that don't really belong under the same roof. wall street likes companies that are easy to understand. when you have a hodgepodge of companies too complicated like a hybri

. >> well, this comes from two greek words, there is like s tyc tyco, meaning like verses or lines, ihat it meant. and then once they said the definition i was able to clarify that. >> that is pretty incredible. you're spot on there. and ansun yours was -- another word i'm not sure how to spell. fe feuilleton, how did you spell it? >> well, i was familiar with the definition, when he said the definition, mr. bailey said the definition i was pretty confident i would get the word right. i was feeling a little doubtful. but still i continued to spell the word. and i was pretty happy when i got it right. >> so before you guys go, i have to ask you something. the president of the united states tweets out. congratulations to ansun and sriram, co-champions of the spelling bee. you make us all proud. can you believe that? >> well, i'm not -- i was kind of shocked to hear that because i have never really received any -- like acknowledgment from the president. like -- but now, i was pretty happy when i heard about that. and it is kind of shocking. i couldn't believe it. but, he was pretty fasci

last week we talked about tyco, ingersoll rand. again, it's ingersoll rand hitting today.ek july 57 1/2 calls. aggressive buyers. today again right out of the gate we have more except now they're buying july 60 calls. 6900 are trading on the day. early buyers. the stock was at $59. it's moved up a little bit higher. what it's telling us is this area might be boring. industrials might not be exciting. it's been going higher. look at the xli. you can see that. this is one of the names participating in the upside. >> same question i always do. are you in the equities and options? >> only in the options. not in the equity. i have calls in this stock. i do think it's going higher. i went to july so i've got plenty of time. i likely would be in there a shorter period of time than through the july expiration. call it two to three weeks. >>> still ahead, michael kors, pete najarian are lacing up their gloves. >>> michael kors reporting strong earnings today. the company said sales growth was better than expected. profits surging 60%. the stock is having a volatile day as you can s

companies, but to look at the end game in terms of 9 size of your company, i found that troubling, and tycond they had to do deals. the other problem with valeant -- >> bigger deals, too. >> -- if they don't get allergan, they may have to do a deal underneath allergan, because they're going to anniversary the bausch & lomb acquisition in august, and then you'll see real apples-to-apples, and that's why rollups have to do deals that are accounting-driven, because to get growth you have to do a bigger deal than the year before. >> i want to ask you about the short, but i want to get your take, since we're on the valeant/allergan topic, the way ackman was able to consummate -- or build his position, okay? he knows that a bid is going to be coming for allergan. the story's well known. >> yeah. >> is it right? i know it's legal. what's legal doesn't make it necessarily right. what's your take? >> i don't want to talk about the deal dynamics itself. bill is a friend of mine. we talked about valeant. but i think that i'll leave that to basically the legal people and the deal people. i think that b

." >>> check out tyco spiked midday.t $41 a share bringing his stake to more than 60,000 shares. >> thank you very much. that will do it for us. i'll be watching the draft tonight. >> i sure will be, too. the dow is up 64 points, well off our best levels. "street signs" begins right now. >>> well, speaking of sports, even the best athletes run out of steam eventually. so we are asking, is this market run finally done? there may be signs. hi, everybody. >>> plus, what just happened in the bond market that gets a grade of a "d" minus? we propose what some may consider a completely insane solution to help fix the student loan crisis. >>> and $20 million, mandy, can get you a really nice helicopter, so why is the new presidential chopper priced at $1 billion? >> you always ask the right questions, brian. >>> well, i come

>>> check out tyco spiked midday. closing 50,000 shares yesterday at $41 a share bringing his stake to more than 60,000 shares. >> thank you very much. that will do it for us. i'll be watching the draft tonight. >> i sure will be, too. the dow is up 64 points, well off our best levels. "street signs" begins right now. >>> well, speaking of sports, even the best athletes run out of steam eventually. so we are asking, is this market run finally done? there may be signs. hi, everybody. >>> plus, what just happened in the bond market that gets a grade of a "d" minus? we propose what some may consider a completely insane solution to help fix the student loan crisis. >>> and $20 million, mandy, can get you a really nice helicopter, so why is the new presidential chopper priced at $1 billion? >> you always ask the right questions, brian. >>> well, i come bearing good tidings. the dow is on pace for a record close which would be its second time only this year. the record close on april the 30th, by the way, was 16,580. so we'

. >> : tyco says it will stop selling trades made in china now reportedly making pet psychic the u.s. and drug administration see more than 4800 upset losses due to chinese made chicken stock or stipitate no jerky treats and additionally fda says 1000 dogs have died from eating the trees picco will replace the jerky with trees made in u.s.a. new zealand and australia and south america fda has been investigating the jerky since last year. >> : general motors recall hattic says they continue to grow because company causes of another 2.4 million cars and trucks was a problem this time involves seat belts that includes the 1.3 million older models crossover cars from but the seat belts during the crash. another 1 million recalled because of a ship cable the camaro crossovers include the buick and setter now look model years from 2009 to 2014 springs to 13.6 million number of cars gm has had to recall just this year set a new record for the company with gm being hit with huge central find this week after mishandling of a deadly ignition switch problem. coming up changes to a popular bay ar

you are in audi cars, garmin, tyco security. where do you see the most growth?we have looked at the market in three subsections. the first is industrial m to m. you mentioned some players. huge one, thea connected car has already been branded. we are a significant player there. of course, the platform as a service we have introduced a year ago that is grown significantly. we are providing connectivity and cloud service. >> you announced you have increased your stake in telit. what is the plan for the company now? you are on the alternative investment market in london. plans to move to the main market or list on nasdaq in the u.s.? >> a few minutes ago we announced an acquisition of additional shares, which i am actually buying from the partners. i did a management buyout seven years ago. i am doing chapter b on management buyout. basically, the way we see the financial market -- from a telit point of view -- we are considering the move to the main market in london. i am not saying we will and i am not saying that we will do and is really stock exchange listing s

. >> a lot of the tyco deals.hen they went into -- they brought -- they bought commercial credit, which is different than anything they have ever done. they use high-priced stocks and multiple businesses. it is the nonstrategic and private equity. private equity has, for the most part, they're not strategic. for the most part they are nonstrategic. those deals are a little more worrisome. the only reason for being is financial engineering been >> thank you very much. have a great weekend. >> he is president of havens advisors. >> forget about priceless artifacts from the nation's history. there is a fight about where to put a new museum, the one museum i can actually get my kids to go to. one dedicated to star wars. we will be back in a few minutes. >> it is time from bloomberg to take you on the markets. at msg.ed to look madison square garden, the company that owns the rangers hockey team, which beat montreal last might and will play in the stanley cup final, it also happens to own madison square garden. >> just

proceed with very high level prosecutions against again against companies like enron adelphia and tyco and world com and even arthur andersen and i think this administration has has not taken the opportunity to pursue those kinds of. prosecutions what do you make of that eric holder is well known liberal certainly obama seems on that ledge you would think that this is an illustration would be much more progressive than the previous one in this area. yeah you you would you would think that. i do think what's happening and this isn't just pacific to this is ministration i think that this began happening actually even before he came into office but there is a revolving door of people in the regulatory structure whereas once upon a time you had career civil servants and career prosecutors who occupied the regulatory positions now you see a lot of people going back and forth between government and the corporate defense community and so you see a lot of corporate defense lawyers like eric holder and like lanny breuer the former head of the criminal division who both worked at the same white