"weatherford international." here--here's the mailbox, but we don't know, even, where to go, 'cause there's no listing for the international headquarters of weatherford. so we started knocking on doors. hi. >> greetings. >> we're looking for weatherford. are they in this building? >> yes, um-- >> here? >> just a moment, please. i have to check it. >> okay. all right. i was shown to a conference room they said weatherford rents for board meetings. but weatherford's houston office told us they never go there. so are these big companies pulling a fast one? well, apparently not. under both zug and u.s. tax laws, it's perfectly legal to get the low tax rate, even without a real presence here. but congressman doggett wants to change that. you have proposed legislation that a company will be taxed not based on where they file some pieces of paper, but where their decision makers, their management, actually resides and makes decisions. >> let them pay the same way that other houston-based companies pay. and so if they ha

weatherford is still bumbling on the bottom. management's not done a good job of convincing the world they got a turnover. wonderful assets. >> last time we were together you were talking similarly enthusiastically about the energy sector. you really see it as a transformative industry in this country over the next 30 to 40 years, don't you? >> tyler, i read things like the inland waterway trend. the number of places that are creating jobs on the rivers, like catalytic converters, fracking and technology, american technology is at work. it is a major game changer. >> all right. you're known for doing a lot of media investing. tell us anything in the media area that you're interested in. what are you watching? >> there's a whole bunch. it's content and distribution. content is those companies that produce films, that produce -- and there are more windows particularly with regards to the mobile devices. susie, 7 million mobile devices. they want content. if you're fox or viacom or somewhere else on a global basis you take it there

weatherford, thank you for joining us.our response to that? >> well, here's my thought. we passed this bill two years ago. we did it because we felt like we should not be using taxpayer dollars to subsidize someone's lifestyle if they're taking drugs and i believe the federal court just a couple of days ago by throwing this law out and saying it was unconstitutional, what i believe they're saying is they're saying we have no right to their privacy, but at the same time an employer who employs someone has a right to drug test them before they hire them. i think there's an inconsistency there. to me there's a common sense and i'm proud of our governor who has done a great job who will be appealing the ruling. >> i think the idea is that we give people money out of the treasury and we have no right to expect or ask anything in return. just shut up and pay, that's the message to taxpayers, isn't it? >> i don't know what the message is from the judge. what i know is i think overwhelmingly people understand that if you're going

. >> weatherford international, oilfield services company and out ways to cut 10% of its work -- workhalf of the year part of an effort to cut overall cost. it also issued a disappointing profit forecast for the fourth quarter. >> number two, ubs, the shipping giant says fourth-quarter profit fell 815% as higher than predicted and inclement weather we remember so well negatively eighted -- robert fell .5%. it expects much better result in 2014. >> at number one, facebook. the social networking giant reporting a 61% jump in and sales and a 16% increase and uses for the fourth quarter. facebook also reached a key mileste, generating more than half of its advertising revenue rum mobile be vices. shares have more than double last year. they are still surging on that news. and facebook has a lot to celebrate. on february 4, the social networking giant this, arcsiversary of zuckerberg is making the cover of the newest bloomberg businessweek. company -- sam grobart with us. how do we document this projector he -- trajectory here? thatven the competition facebook has already vanquished, 10 ye