to volkswagen, kind of a sister company. two companies are run by the descendants of ferdinand -- wonder what christmas is like. >> acrimonious. >> their boat is a lot of to and fro. with the above the grandsons of ferdinand porsche who developed the volkswagen beetle in the 1930's. also there is an investor and the wings who will certainly be buying a stake somewhere and also the sale of porsche to volkswagen itself. >> j. robinson, to whether much. coming up on the program, hollywood on the run. how uses of twitter are dictating which movies are a hit and which are misses. >> ♪ you broke my ♪ >> 1 canadian cigarette uses youtube to vent his anger at an airline -- singer uses youtube to vent his anger at an airline. the investigation into the death of michael jackson is gathering pace. police raided the offices of the pop star's dr. in the state of texas. dr. conrad mary was with the singer immediately before he died in his home in los angeles four weeks ago. the official coroner's report into the 50-year-olds that has been

he is for the volkswagen/porsche takeover option.he porsche clan with wolfgang at the head of it that don't have the notion anymore that volkswagen will take over porsche. wolfgang porsche is the one who has said they've been firing against from all rounds for a long time and wants to get rid of him. this is the option that we have. in the mix is cutter that wanted to take over porsche. we hear they're sitting back to see how this comes out. what we will hopefully get is more details on d-day on the 23rd, on thursday, when both supervisory boards meet. but i wouldn't hold my breath. we might be as unclear as now. >> we are seeing a really strong session in the u.k. and the rest of europe. the new week is starting off on a similar footing. 1.5% higher for the fse 100. lloyd banking group is proving particularly strong, well ahead of their closest rivals. there's been a report in the sunday times over the weekend suggesting that lloyds could announce a first half prime. investors seem to be clawing back value. watch out for that earnin

it's unlikely to affect the anticipated talks with volkswagen. you heard ben mention it, credit suisse shares are higher after posting a pretty good set of second quarter figures. a strong performance helped net profits come in at $1 billion. the bank's capital ratio also means it's now one of the strongest capitalized banks in the industry. also in switzerland, roche helped upgrade its earnings for this year and next. despite that, the bank reported a 27% drop in first quarter profits. roche is the world's biggest manufacture of cancer drugs and it's still pretty upbeat about its core business. >> we expect double digit growth for core eps for 2009 and 2010. >> and he expects the company to expand treatment of its tamiflu treatment. >>> south korea's top automaker, hyundai, posted a second quarter profit that zoomed past expectations. that's 48 higher from the year before. earnings got a boost from the weaker won as well as the korean government's on o to prop up domestic demand. and they're expected to increase demand for smaller cars. its affi

el twcí]wvaukph@h@twcí]wy@íkph@ multlonari]wñc[kdel acompaÑamos volkswagen en mÉxico. cí]wtwh@twskzkphcí invertirÁ $1 mil millones en su planta de puebla. >> un hombre con poca ropa, que se gana el dinero sacando sus fotos con h@h@twcí]wçbvkph@h@h@p mayoritario de los miami dolphins. >> nos vamos, graciapor haber estado con nosotros en esta ediciÓn, los esperamos maÑana, muchas gracias por haber estado con nosotros. maÑana muy temprano con las noticias,en despierta amÉrica.

plans to unveil to take over porsche by volkswagen, following an aborted bid by porsche to take over its larger rival that crippled it with debt. forest fires claimed the lives of five forced firefighters and continue to burn across northern spain. more than 1500 have been forced from their homes in the face of heat and high wind. hillary clinton and north korea's this time did not hit it off. she warned pyongyang that they have no friends left to back ambitions. their median return described quran as an an intelligent -- her as an intelligent, funny lady. we had an interview. >> u.s. secretary of state hillary clinton has just dropped off a new trip to india and thailand. she came here to emphasize that the american administration wants to cooperate with countries in the region after which he claims were years of neglect by washington. she also warned iran against continuing its nuclear program and spoke of the defense umbrella. before she got on the plane back to washington, i sat down with her. >> the escalation continues, you could reach dangerous territory where there is a lot o

illegible illegal activity from money- laundering to kidney trafficking. " like and has unveiled -- volkswagen has unveiled plans to take over porsche after that company's unsuccessful attempt to swallow and larger rival that left them with debt. the u.s. secretary of state warned p'yongyang that they have no friends left to support nuclear ambitions. the loyal state media described the top diplomat as an on intelligent, funny lady. it has been a challenging few days. in her interview with the bbc -- >> hillary clinton just wrapped up a week-long trip to north korea, where they came to emphasize that the obama's station wanted to cooperate. she had a full agenda. north korea were there to discuss and incentives package. she also warned iran against continuing its nuclear program and spoke about defense. i asked her to flesh out a few ideas. >> they do not seem to be responding to what you are giving them, and the escalation continues. you could reach dangerous territory where there's a lot of tension. at some point, someone will have to back down and i'm assuming it will have to be responsible

. >> reporter: two months ago audi launched the clean diesel q-7 suv and bmw, mercedes and volkswagenll have models. in all, a dozen diesel choices for u.s. consumers and 2010 will bring more models. >> i am planning on buying a car for the first time when i graduate college and i'm going to get a diesel engine. >> reporter: automakers say face an uphill battle when it comes to past perceptions that diesel engines are noisy and smokey. >> this is not your grandfather's engine. incredibly cleaner and fuel efficient. >> reporter: 30% more fuel efficient than gasoline and 20% cleaner. >> because we rallied around this, something that, you know, the environmental protection agency has made very clear. >> reporter: there's one other bump in the road. diesel has the same potential when it comes to global demand and market volatility as gasoline. and as costs. experts say the difference is a gallon of diesel will take you further. >> right now, ones on the market are probably in the 40 to 50 mile per gallon range. 70 miles is just around the corner. >> reporter: more miles per gallon and sav

paving the way for the german shorts carmakers to possibly merge with volkswagen.rlier this year the family-controlled porsche failed in its bid to buy vw leaving volkswagen to turn the table and launch its own takeover offer. >>> walmart is ready for the back-to-school shopping season. the retailer's expanding its inventory of laptop computers by 40%. starting on sunday, walmart will begin selling an exclusive xat presario notebook for only $298. it is already offering dell net books for $398. walmart is employing the same strategy it used to become the leading seller of flat-screen tvs, increase inventory of name brands and beat the competition's prices. sounds like a good plan to me. back to you. >> that's the bottom line. >> thanks, courtney. have a great day. see you tomorrow. >>> 11:46. after the break, new york's famous naked cowboy is making a new career move. >>> plus tom will be back with another check on the forecast. >>> we're lookingeo f ppleor who pe salthcin iple speal thn e early morning hours. if yno knewweoomike, thateo heir close-up picture or vi

because of the last nine months it has been trying to take over folks like and -- books by and -- volkswagen bid now looks like v w will swallow porsche so he may be asked to walk at the end of the week. he will not go empty-handed, he may get a golden parachute. $140 million. >> thank you very much indeed. we will have more on world business report and 25 minutes. coming up, arms for india. hillary clinton is meeting the indian prime minister in daljit for a key agreement. his memoir sold millions, frank mccourt, author of "angeles ashes" is dead. swine flu cases continuing to rise around the world. the health minister will update parliament today on the latest. it follows a weekend of confusing advice for high-risk groups. >> they might have swine flu -- for pregnant women especially, it has been confusing. in britain concerns were heightened after a woman died of swine flu shortly after giving birth. the department of health advises pregnant women can reduce the risk of infection by avoiding unnecessary travel and steering clear of crowds, where possible. like everyone, they should adopt

volkswagen is selling an enormous amount of cars in brazil and china while the european shares are flat. there's more to the trade than the cash for clunkers trade. we burned down the inventories the last six months, we're tight. >> volkswagen is an international company, and the exposure to the united states given the side of vw is relatively small. i agree wholeheartedly. >> the names like autozone, we'val talked about it on the desk. but autozone, if you're going to have a new car, you're not going to have to buy the parts to fix the old one up. >> the recovery in the automakers is probably the dismay of these autozones of the world, frankly. and the other trade we got you into and out of is look at the bourg warner, we told you to get out ahead. the stock was down 10% during that day. so, again, there's the stock that had a run. pulls back. yes it's a buy, it's not a buy here. >> what you are looking at is the fundamentals versus the valuations. the valuations are getting ahead of themselves. back in march, fundamentals versus valuation were way too cheap versus the fundamentals tha

be coming home and see his volkswagen in the driveway, and go damn! tell on me all the time. he looked like a hippie. had he long hair. he looked like the dude -- i used to think he was shag gee from scooby-doo. there was no white people in my neighborhood except for police officers and insurance men. and this dude was not afraid of anything. like anything. people -- i remember once they came and shot up the school and he went after -- to protect his students, he went after the gunman. i thought this is what happens to white people. >> what did you think of d.l. when he was growing up? >> 2k679 ld.l. people ask me, d hughley was in your class, as if he was going to walk in there, have a microphone and do a monologue or something. i tell them, if that would have happened, i probably would have gotten my microphone and beat him over the head with it. d.l. was quiet but a great kid. he was -- i still remembered him from -- it was funny though, because he went by d.l. i followed him all throughout his career. >> did you know you had such a big impact on h

police say a volkswagen golf was going north on brockridge road when the driver crossed into oncoming traffic. according to police, oscar ivan petrino lost control and struck a utility pole. he died at the scene. the passenger, angelic ca torvila is in critical condition. she is at shock trauma. >>> a metro firm is working to build a backup for a system that is supposed to prevent crashes. an engineering systems firm began that work last week. the company has a $15 million contract with metro. the national transportation safety board still has not found the cause of last month's crash that killed nine people. investigators say the train protection system is inadequate. the ntsb recommends metro add realtime continuous backup. >>> metro officials say the tacoma station will remain open thursday and friday night. they've been occasionally closing the tracks between tacoma and fort totten at 10 to accommodate the ntsb investigations working to determine the cause of last month's deadly crash. the tacoma station will stay open until midnight thursday, and service will run from 5 a.m. to 3

. >> you get out of here and get into the volkswagen store and we'll get the deals worked out while the funds are available. >> reporter: the dealers have to put a liquid in the engine that will seize the moving parts and they'll be gone once you trade them in and you have through the weekend, the program was originally expected to last until november 1st. >> reporter: ing live in pasadena. >>> well, when you say good- bye, that means good-bye, car. >>> well, mike, thank you. >>> coming up new, at 6:30, we'll look at how it's affecting over dealers. -- -- other dealers. >>> the police are looking for the suspect who shot a teen this afternoon. the 18-year-old victim was shot in the leg by a suspect who came in through the back door of his pardon me of-- apartment. >>> the police are identifying locations for speed cameras. pat warren reports they're going to start out small. >> reporter: coming to a school zone possibly near you, speed cameras, these communities can't wait to get theres. for we're asking the county police to come out and i can't think of a better place for a speed camer

. >> reporter: to find out how far, we took a diesel-powered volkswagen jetta tdi for a test drive. we got our first surprise when we started the car. no sputter. then we tried out the torque. this type of jetta gets 40 miles to the gallon on the highway, just 8 less than the toyota prius. the ride was smooth and surprisingly easy on the senses. >> traditional diesel had a pretty distinct smell. you can literally put your nose into the tailpipe and medical no exhaust fumes whatsoever. it's remarkable. >> but you wouldn't want to the that. >> it wouldn't be the smartest idea. >> reporter: while diesel can often be cheaper than regular gasoline -- >> it's hard to get the right kind of fuel in a lot of places in north america right now. >> reporter: it's also hard to get your hands on a new diesel model. >> the second they come in, if they haven't been ordered by a customer, they're sold within a couple hours. >> a chance to actually drive them and see how clean they are and see how cool the new diesel engines are, i think they're going to start demanding them. >> reporter: just rememb

we've got earnings coming out we want to cover from volkswagen. first half operating profit looks better than expected although the pretax profit i think is light and they're pretty pessimistic about giving any forecast for the full year. patricia is in frankfurt with the full reaction. >> ross, we have net numbers slightly below the expected number at 524 million. so on two levels already, underperforming in terms of their reporting, it is 51.2 billion euros worth of revenues they've reported and as we're looking and hoping for a number of 52.6. what i think is very important, of course, is what they have to say about their revenue forecast for 20089 and they will be lower than the previous year because of the decline in volume sales. it is also rising refinancing costs and mixed deteriorations will serve as an additional drag on earnings. so all in all, they also say they will counter this trend in particular through disciplined costs and investment management. at the continued operations. so again, no real top line business. bottom line is bein

volkswagen and porsche would announce a deal, as well. the ceo of porsche opposes the plan. he favors the investment from the government of qatar. >>> profit software has climbed 7% in the last quarter. the german business software group says it can beat growth targets after it completes insolvency of sheer. the cfo says he sees further opportunities down the line. >> i think it is likely that in another two years or three years that we will be prepared to make the next step. but we are a very focused company. that means now we focus on this one. that is our goal. >> apple's third. quarter profits rose 13% beating estimates as the company sold more than expected iphones. apple also saw strong sales of mac and ipod. this suggests while consumers may be cutting back some spending, they're not holding back when it comes to apple. the company expects quack to school season results to top forecasts. frankfurt at this hour is up about that, as well, trading at $110.61. yahoo!'s second quarter profits rose about 8% thanks to cost cuts. that helped soften the month of a 13% drop in

. >> >> reporter: this is the general manager here at volkswagen. he hopes they won't run out of the cash any times soon. >> get in as soon as possible. >> reporter: and this program was going to last through november, again, next week, the senate is expected to vote on monday for the extra $2 billion in funding and that may not last two weeks past this date. reporting live, mike hellgren, wjz-13. >>> well, that's not your hoopty behind you, is it? >>> probably not. we'll find out later. >>> a man is arrested after a case of road rage before 6:00 last night. he was pulled over. the police officer pulled over what appeared to be an accident, but the 24-year-old woman said she cut the 66-year- old off and he pulled a gun on her. >> >> baltimore county police have started identifying locations for speed cameras. the device are approved for school zones and they'll start out small. >> reporter: coming to a school zone possibly near you, the speed cameras and mark gold and his neighbors can't wait to get theres. we're asking the county police to come out

volkswagen down about 4%. one of the main culprits an article in the times. 4 billion euros being planned by vw in order to pull off the takeover of porsche. i talked to vax wolkswagen. they said over the next few days, we should see more details on the planned takeover. bmw numbers and daimler. >> we are trading higher, up 0.3%. we see weakness in some of the defenses. apart from that, most of the stocks are in the positive territory. the biggest gainer is the implant maker. shares higher almost 5%. that's because analysts raised that company to a sector from a buy. let's move on and talk about the biggest story of the day, julius baer, shares higher by 2%. net profit was down 37% when compared to last year. that was a lot better than analyst expectations. the focus on net new money flows with inflows into private banks. those are very strong although short of analyst expectations. the big surprise was outflows from the hedge fund slowed considerably in the first half of the year after we saw massive outflows

hurry in before your future volkswagen is history.sional tennis. so i've come to this court to challenge his speed. ...on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can book travel plans faster, check my account balances faster. all on the go. i'm bill kurtis and i'm faster than andy roddick. (announcer) "switch to the nations fastest 3g network" "and get the at&t laptopconnect card for free".

hurry in before your future volkswagen is history. ? sprint cup qualifying at indy for tomorrow's brickyard 500 and mark martin at 50 years of age the old ever pole winner at the brick yard and dale jr. had to fight the flu virus and jr. said he will run on sunday. juan pablo montoya won this race in 2000 when it was the indy 500 and qualified second. to the links, canadien opencf1 o to the links, canadien open. round two and three. rain is' the story. birds will tell you that they had to finish round two and get to round three. on 15, a par-3, watch leif olson's t shot. >> no it didn't? >> you can't plan it better. >> no it did not! >> off the ball, on the green off his playing partner's ball. >> look at that angle. >> nothing but cup. unbelievable. olson not a big money winner less than $20,000 for that ace he wins a bmw z4 roadster. retail value, $51,650 you cancel that and bump up the earnings. >> once you drive it doesn't it lose value? >> calcavecchia just set a new pga tour record. >> this is our price of right highlight here. >>

hurry in before your future volkswagen is history. all you need is pantene. even experts agree.lts leading salon brands can't beat. the blow dryer, the curling iron, and my hair's still shiny. pantene. noooo ! is he alright ? poor guy's in a dead zone... can't update facebook... twitter's timing out... youtube's super-slow. it's so frustrating! i had that... until i switched to verizon. you've got 3g all over. get america's largest 3g network and run the apps you want, where you want. check out our line-up of amazing blackberries like the all-new blackberry tour. agent. i'm sorry, i didn't quite get that. agent. i'm sorry... agen... spit out your stride gum and chew another piece, already! or we'll find you. got it. leave the ram. the ridiculously long lasting gum. stride sweet berry. ♪ [ cheers and applause ] >> jimmy: sounds great. welcome back. our first guest is a really funny and talented guy who just finished his seventh season on "saturday night live." to grant his wishes, he would like you all to get up on your feet for a standing ovation. ladies and gentlemen, please we

volkswagen being pushed lower. the other story i want to make you aware of gathering momentum in the uk and london, is swine flu. this story is beginning to make a lot of people nervous in lond london. london is the epi center in europe. it's got by far the largest number of cases at the moment. ba was effected by that. clearly being effected by the oil story. ba is saying it is going to refuse passengers that do show symptoms of swine flu. atlantic saying the same thing. keep an eye on this one. it could have a lot of traction here in europe. rebecca jarvis, back to you. >> thank you so much, guy. time to get the word on this street. we're joined by art cashin, director of floor operations. great too see you, art. this gs call this morning, 13% upside year end in the s&p 500. are you board on that call? >> not quite yet. certainly they've got the shorts a little panicky here. if we can break out the new highs you might get a whole new leg up in this. i haven't seen the changes in the economy that i think would jus

hurry in before your future volkswagen is history.volutionary web os. they're running multiple live applications at the same time. - ( thunder and rain ) - 3 million are using the simply everything plan. each is saving $1200 - over an at&t iphone plan. - ( cash register dings ) together that's over $3 billion. - enough to open a dunkin' donuts in space. - ( walkie-talkie sounds ) from america's most dependable 3g network. bringing you the first and only wireless 4g network. get the palm pre from sprint. only on the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. ♪ [ cheers and applause ] >> jimmy: welcome back. we got a great show tonight, everybody. but first, it's monday night, which means it's time to see what's happening on our very own "late night" reality series, "7th floor west." now, there's been a lot of crazy drama going on upstairs. a lot oscandals and, most-importantly, a lot of weird, awkward staring. as you guys may remember, there's a nasty rumor going around that my ne

. >> reporter: two months ago, audi launched the clean diesel suv and bmw, mercedes and volkswagen allels. in all a dozen diesel choices for u.s. consumers and 2010 will bring more models. >> i am planning on buying a car for the first time when i graduate college and i'm going to get a diesel engine. >> reporter: automakers say face an uphill battle that diesel engines are noisy and the fuel burns smokey. >> this is not your grandfather, even your father's diesel engine. it is incredibly cleaner and really is. fuel efficient. >> reporter: 30% more fuel efficient than gasoline and 20% cleaner. >> because we rallied around this, something, you know, environmental protection agency made very clear. >> reporter: there is one other bump in the road. diesel has the same potential when it comes to global demand and market volatility as gasoline. and cost. experts say that the difference is a gallon of diesel will take you farther. >> right now, ones on the market are probably in the 40 to 50-mile per gallon range. >> reporter: more miles per gallon and savings to the environment that may be

hurry in before your future volkswagen is history.nbox not my mailbox. i pay for everything online so i can get these text messages; they're called "spending alerts", i feel more in control. my husband feels funky, bunky and crunky. but i've stopped using my pet's names as passwords. (announcer) at citi, we know everyone's talking about keeping money safe. and we've got lots of ways to help. like spending alerts. because when your money's safe, your mind's at ease. that's why citi never sleeps. yeah, my cramps wake me up at night. you're lying on the bed like, oh, what do i want? do i want to transform into something that's not human by morning... or do i want to go ahead and get the midol? now there's new midol pm. relief from cramps that keep you up at night... plus a gentle sleep aid. ♪ [ cheers and applause ] >> jimmy: welcome back, everybody. welcome, welcome back. we're here with kevin connolly, the great kevin connolly. thanks for dressing up. you look great. >> thank you. we have a similar color scheme on. you have -- i got th

. >> he had been out to sea and his wife and three children were driving a little red volkswagen convertible he had bought for them and they were hit by a drunk driver. the impact was so severe his wife and baby had died immediately. and both of the children who were still alive were brain dead. and that he needed to make a decision about removing the life support and then he let his babies go. >> he was strong and sensitive and soon -- >> i just fell in love. i think i knew him six weeks when we got married. >> they moved into a lovely house filled with beautiful antiques. >> i woke up and smiled every day. >> how long was everything perfect? >> six weeks. september 23rd. >> oh, you remember the day? >> yep. >> the phone in the lovely house rang. on the line was a woman jim rowe had called his aunt. a woman who now said she wasn't his aunt at all and who said kimberly's dream house and everything in it was hers. >> she said, did he tell you the furniture belongs to him? i said, yes. she said, did he tell you this house belongs to him? i said, yes. she said all of this is mine. >> the woman

hurry in before your future volkswagen is history.  >>> well, last night was a performance by thisshington nationals ball club. they managed only in a 6-2 loss against the padres six hits. jim riggleman not happy. we'll see if there's going to be a change in attitude tonight, a little bit more focus, a little bit more working on the small things that help you win a ballgame. the nationals and the san diego padres tonight from nationals park here on masn. welcome, everybody. nice to have you with us on a saturday night from our nation's capital. welcome to nats town and a good crowd on hand this evening for game two of this weekend series against the padres who limp in at 38-59, the nationals 28-68. the silver fox looking mighty good tonight, our show brought to you by our good friends at verizon wireless. errors, errors are going to kill you every single time. i think the focus of jim riggleman's conversation last night to his ball club behind closed doors to get their attention, you can't continue to make the errors. nobody's trying to make errors, but it is what it is. 94 in 96 g

volkswagen has been pushing clean diesel and it is becoming more popular. they have a marketing program out for it right now. but you have a lot of people who have a lot of question marks about whether or not diesel along with the taxes that are involved with diesel is a smart way to go. that's why when you look at the prius, when you look at hybrids, that's still the primary option that people look at as an alternative fuel source to standard gasoline vehicles. there are only 2.4% of overall sales, but we're seeing more models being introduced. and when you factor everything in, insurance, maintenance, the cost of gasoline and the savings there, hybrids still may be the best option for everyone. >> what we're saying at intellichoice is that hybrids make sense because they are cheaper to insure, cheaper to maintain, cheaper to run every day as well as having that benefit if fuel prices continue to rise. >> bottom line, hybrids are not getting as much attention this year because gas prices have not gone as high as heavy in the past. between hybrids and betwe

german newspaper reports volkswagen will bid to buy rival porsche. $11.3 billion. now. i'm courtney reagan. >>> live from the financial capital of the world, this is it, "squawk on the street." good morning, everybody. i'm mark haines. stocks looking like they're going to push to the plus side after cit gets a $3 billion lifeline. cnbc confirms cit has reached an agreement with key bondholders that staves off bankruptcy, at loose for the moment. and buys the small business lender more time. >> hello. i'm rebecca jarvis in for erin burnett. today kicks off a huge week with quarterly reports from nearly 30% of the s&p 500. 40% of the dow 30. mark? >> futures right now looking good. we're up 560. we needed 0.28. pretty much what you see is what you get. 40 points on the dow? >> cit headline, a very important one. cit lifeline, one that we will continue to delve into. right now senior economics reporter steve liesman back at hq with the latest. hey, steve. >> thanks. as you said, cnbc is on the cit's board of directors last night. it hopes will stave off bankruptcy for

you see some of the earnings out of europe, bp, alcatel, volkswagen, royal touch all beat expectations took us seven sessions wab joe, to get from 52 to 48. >> that was a big drop yesterday. >> ten-year note, we continue to watch the options yesterday and the five i don't think was that oul hot, either. >> which means today you get another auction of the seven year and people will be watching that very, very closely. >> and some signs, perhaps, that the chinese in conjunction with the strategic economic dialogue must have been holding bids earlier in the week. there is a look at the dollar. and here is gold, which has given up a few over the past couple of days. overseas, christine tan is in singapore and first let's check in with london and get a handle on some of those earnings with steve sedgwick. steve, good morning. >> good morning to you. a lot of numbers hitting the wires including astrazeneca. they've come in with blockbuster numbers. they've beaten the street by a long way. second quarter core eps figures as opposed to expectations of 1.4137 crestor is a stat. 30% plus increas

volkswagen, other r than, losi out a little bit ununderperfoing. but thee bigst movers tododay amongst thee sller stocks. what we have is sales dn about 11%. it is the wororldwide larger produc of s solar pane. they came bluntly through with a profit warnings warnrning fothe secondnd quarter. ththat disappopointed e mart. ststocks, onhe other hand, down about 7 after the bid on t the table forr ids shares at a prium of about who%. we were talkiking about -- i wa talking about analystcomments about this pararticular deal some may say,y, o okay, therices a lilittle steep. ids shares has ge through a restructcturing. the shares arere rallying. there were quite a few downades coming throrough from the analysts. at the moment,, softwarare is d but ids s shares upbout 39%. that's frankrt.. overer to ris.s. >>>> thank y very much, patricia. 32million euros havave the traded since thehe opening of t french maet. day is lower thann a a typical day. this is holay as we' is he thee celelebrati t the annivsar of the fnch relution. renault is up nearly on ththe

we still play porsche and volkswagen on thursday to see who is going to take over whom and who is goes to take a leave. beyond the dax, the opel/gm story is still interesting. stephane, what's up in paris? >> renault is one of the top gauners on the cac 40 this morning. posting to the net plus of 365 million euros for the first half of this year, reported a 33% decline for its revenue for this period. in a statement, the kre o of the company claims it has good chrisbility for the third quarter, but still expects a lower level of activity for the fourth quarter of this year. renault and peugeot with higher. an interesting session today for the chipmaker, st microis one of the best performers on the back of the numbers from texas instrument. they posted a 27% decline of its sales in the second quarter. the company still doesn't want to make any forecast for the full year because of the lack of visibili visibility. strotech is still trading lower from yesterday's session. that's the story in paris today. over to carolyn for a quick view of the markets. >> the smi is trading a little highe

. >>> germany reporting volkswagen sweetening its bid to get porsche. the magazine said that porsche's ceo still considers the offer insufficient. >>> c.i.t. group said it is still in talks with regulators to improve its short-term liquidity problem. it's waiting for approval to issue government-backed debt. on friday, c.i.t. said there was no guarantee that would happen, sending stock down 18% by the close. reports say the company has hired bankruptcy lawyers although no filing is imminent. the government has decided that this company is not a systemic risk. >>> one of allen stanford's top lieutenants will be in front of a judge today in houston. james davis, the former chief financial officer at stanford financial, will be arraigned at 2:00 p.m. new york time. davis' attorney said his client has agreed to plead guilty to three criminal counts he faces in the billion dollar ponzi scheme. davis will inform the judge of his attention one a deal is worked out with the government. allen stanford remains in jail until his trail. >>> microsoft may fire the n

tennessee funded a volkswagen plant, with a $577 million incentive package. georgia scored 2,100 jobs by having a tech company move there with a $97 million package. despite the cost, this has brought optimism to tiny malta. planners are confident that the taxpayers will get their money back by 2012. people there are excited about the ripple effects in regards to job creation. >> bianna, thanks so much. >>> a massive corruption scheme has been uncovered in new jersey, leading to the arrests of three mayors,oob rabbis and other public officials. 44 suspects in all are charged with taking bribes, laundrying tens of millions of dollars. even brokering the sale of human kidneys. the ring was also connected to officials in new york and israel. >>> and finally, would you jump into a burning car to save a child? that's exactly what a man did on the freeway outside los angeles. you can see john mcdonald -- look at this. climbs into an suv engulfed in flames. and carries out a 3-year-old little girl, after her grandmother couldn't get her out. mcdonald said instincts

interesting, volkswagen/audi, the best sales in the first half year ever in china. so they're doing well in the asian market. 28% unit sales were you up there. we've seen this for a number of months. and the other part of the story is, of course, the banking story. credit crunch, yea or nay. the german finance minister struck the bows of the banking sector and said you either pass all the liquidity that the ecb flushed into the market on or else we might have to think about something else, like side stepping the banking sector by giving direct loans to the corporate sector. all these things are possible. the ecb has said similar things, not quite as harshly as mr. steinberg did and the recent figures support that. the latest report out of the ecb says that out of the 442 billion euros that were flushed into the money market last weeng, 35 were packed back at the ecb. that can't be the idea of these liquidity injections. chloe, what sup in asia? >> sylvia, great to see you again. a lot of directionless trade out here in asia, not surprising given that a lot of invest

sales are still down on the year, but the best performer was acea and fiat, then volkswagen, peugeot citron. >>> we were talking about intel. isml has followed in its step with better than expected results in the second quarter. it reported loss of 400 million euros for the period compared to an average forecast of 109 million loss. it says customers are returning, but it is not yet seeing a full recovery. h&m is recovering sales down 5% compared to last year and that is sorter 1.7% than a reuter's poll. h&m stock is down 2%, christine. >> ross, the boj kept rates unchanged as expected and in order to support the world's second largest economy, the board voted naturally to extend its corporate finance measures until december. the boj governor said an improvement in financial conditions led to the three-month extension as opposed to six months. but the outlook for the economy remains week. the boj is downgrading its full year gdp forecast to a 3.4% contraction. rio tinto has posted a for the second quarter of production. they're up 43% than the previous quarter in production. and that

volkswagen would be number one. they had a loss but they did generate cash, which is something many automakers have not been able to do. but it's not just pujo, nissan remained the full cast. nissan is the third largest car maker in japan. i don't know if the city is a glimmer of hope to automobiles. >> looking good. >> exactly. >> again, there was sprint nextel which disappointed. consumer confidence is down. but that was largely plain. >> hard to tell. >> you can look that the thing from a lot of different angles. here at the big board, tortoise capital advisers. celebrating the ipo of the tortoise power and energy fund. >> a couple of years ago you would never name a fund tortoise. but now the tortoise is better than the hare. >> and at the nasdaq, vp security services. the danish center for electronic issuing registration and settlement of security trading. >> i'm just looking up differences between ter portoisd turtle and. >> as everyone points out if you take out the transport, the numbers were actually pretty

bmw, mercedes and volkswagen all have models. 2010 will bring even more models. >> futures pointing lower one of the nation's leading automakers. we are joined now with more on today's business news. >> reporter: the futurers pointing lower here, would wrap up a weak week if you will, the fourth loser for the dow and the s & p 500 if we don't have some big gains. we did manage a small little gain yesterday. alcoa earnings came out better than expected, but that was overshadowed by weak retail sales as well as data that showed the number of people on the continuing claims unemployment list is at a record high. asian markets drifted lower overnight and europe is in the red right now. we get reports today on the trade deficit, import prices as well as consumer sentiment. for the record, the dow is up just four points yesterday. we'll call it a draw. the nasdaq gained five to 1752. >>> after just 40 days, gm will emerge from bankruptcy today. a judge's orders approving the sale of the company's assets to a new compan majority owned by us or the government, took effect thursday. management sha

hurry in before your future volkswagen is history.astros in the first meeting this season. commemorating the 40th anniversary of the lunar landing. bottom 4, there is a moon shot from carlos lee. the three-run home run off kyle lohse. his 14th of the year. astros up 3-2. in the ninth. jose valverde against chris duncan, grounding into the 4, 6, 3, double-play to end the game. 3-2 down there in houston. they beat the cards for the first time this year. improves to 5-1 with a 2.79era in his last seven starts. >> 40 years ago today, neil armstrong and buzz auld ren walked on the moon. even more amazing, just eight years after president john f kennedy said america would send a man to the moon. aldren, and armstrong walked on the moon, and the apolo 11 astronauts left the next day, a monday to return home. we reflect on one of the proudest days in american haddistry. >> i was glued to the television along with everybody else. but i think the critical thing is the context in which it came. 1969 was an unsettled year has had been 1968. we ha

it was very small, half the size of a volkswagen. it was a 14-day mission, right?epping stone to the apollo, and mostly it was involved in developing right to techniques, because we knew at that point that it was going to have to be rendezvous -- the decision had been made it to do it looter rendezvous -- lunar rendezvous. all these things had to work right, and it was that experience that made it a success. let us keep going through the flight here. you not gone through launch -- you had gotten through launch. you got into earth orbit, began to check out the systems. the third stage of it at the fire to send you on a trajectory to the moon. that last time it was tried, it did not fire. what was going on in the lead up to that? tell us how that went. >> i never thought about it not working. i just figured it was going to work. >> with that watch, just watching it burning and burning -- >> watching it go up and up and up -- >> you did not worry about it not letting up, did you? >> well, we worried about it lighting off, being slowing down and captured by the men, an

hurry in before your future volkswagen is history. all: hi, john!at do you got? you, in the top corner. our next class laptops could be perfect for you. we got student feedback and designed them specifically for college. are they legit brands, though? boom! we partnered with hp, toshiba, sony and dell. okay. uh, what's the square root of 841? 29. announcer: laptops designed for college and thousands of people eager to help. to come back. we know whates happening on the outside of the box. what is happening on the inside? >> its doesn't affect us. >> tha that can't possibly be true. >> you know why it's true? because football, i think players and i think thela media doesn't take this into account. players understand that football is going to be played regardless. there are a million players, great players that have played in this league and eventually had to give it up. regardless, at some point in time, brett is going to have to stop playing, whether it's this year, next year. it was something that's going to be happening. so regardless for the fans

we're living in a volkswagen world. >> you're on your own in terms of, you know - >> whatever. anyway, thank you catherine, we appreciate it for playing along as well. very good, thank you. >> quickly, let's mention a couple of things on altria, adjusted 50 cents, 49 on straight number, streets 47. talking about raising their full year guidance, non-gaap of 172 to 177, street took 171, again 172 to 177. they are talking about how they are raising their guidance because of the strong first half business performance they have seen with many other cigarette companies. >> pepsi $1.06, estimates were a buck. revenue a little light again at 10 six billion. estimates were 10 nine eight billion. high i think el dinlg growth. currencies did take out 6%. all of that guidance is absent the impact of their proposed transactions to get a piece of -- or all of the pepsi bottle group. we got coke yesterday. here is a look at pepsi. >> another major story, 12%. >> huge. >> hear catherine say, too, go easy on some of these companies because it's been so volatile. don't know what to expect. >>>

they were very small, half the size of a volkswagen.mission, right? >> yeah. >> and all of those gemini flights were, again, a steppingstone to apollo and mostly it was involved in developing rendezvous techniques, because we knew at that point that there was going to have to be rendezvous -- at that point there had been a decision to do lunar rendezvous rather than earth rendezvous. it was that experience that made it a success. >> now, let's keep going through the flight here. you've gotten through launch. you're the rat caught in the can over there. you get into earth orbit and begin to check out the systems and the third stage of the saturn must then fire to send owe a trajectory to the moon. the last time this was tried it didn't fire. what was going through your mind there at the lead-up to that and tell us how that went. >> i was focused on it working. i didn't even think about it not working. i just figured it was going to work. but with that thrust and looking at the watch and it just kept burning and burning. a equals -- >> we

porsche is entering the final instruction of negotiations to create a combined auto group with volkswagenrsche's board of directors wrapping up an all-night meeting and will now endorse talks to sell a form of the auto matter to qatar. >> qatar? >> now you're going would qatar? >> i like to go back and forth. meantime, porsche's ceo of and cfr are out. >> the e in had opposed a merger. the ancestors founded both companies and they're like cusps and they're trying to run and trying to take each other other. only in germany. it's a bizarre story. >> so now can we say that you drive a porsche wagon? >> she already slammed me for that. >> the engines are both in the back, right, in both cases? >> yeah, that's true. >> i like the way the jet ta moves around. >>> the company used part of the asset sales of collateral later this week. the lenders would have to approve a transaction involving the aircraft oornts. i saw people keeping a very close eye on cit. the stock was down about 11 cents yesterday. >> it will be interesting to see what happens long-term. microsoft says windows 7 is ready. win