Browse content similar to 20/05/2013. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
in a suburb of the capital Tunis. Days at the latest headlines. Now | :00:03. | :00:13. | |
:00:13. | :00:20. | ||
for the latest financial news in Yahoo is on the brink of a big deal. | :00:20. | :00:23. | |
Reports say it's poised to buy blogging site Tumblr. We'll explain | :00:23. | :00:28. | |
who they are, and why Yahoo wants them so badly. | :00:29. | :00:32. | |
The stock markets are booming and the day traders are back. We'll | :00:32. | :00:36. | |
hear from one trainee London taxi driver who is trying to beat the | :00:36. | :00:44. | |
market. Welcome to World Business Report. | :00:44. | :00:47. | |
Also in the programme: Sanyo may cease to exist due to restructuring | :00:47. | :00:54. | |
plans at Panasonic. We'll have the details. | :00:54. | :00:57. | |
Yahoo has invited the world's media to an event in Manhattan later | :00:57. | :01:01. | |
today promising a major announcement. We have a pretty good | :01:01. | :01:05. | |
idea what that will be. Reports say the internet firm is buying a web | :01:05. | :01:10. | |
business called Tumblr for $1.1 billion dollars. With more than 100 | :01:10. | :01:13. | |
million blogs, Tumblr is very popular, but has yet to make much | :01:13. | :01:17. | |
money. So why is Yahoo keen to buy? Our New York business reporter | :01:17. | :01:27. | |
:01:27. | :01:28. | ||
explains. Yahoo was once a name synonymous | :01:28. | :01:33. | |
with the internet. But its lead has been eclipsed by Google. It does | :01:33. | :01:40. | |
not generate the bars that Twitter and Facebook does. The company's | :01:40. | :01:46. | |
chief executive joined Yahoo just over one year ago. She is the third | :01:46. | :01:50. | |
chief executive to join the company in a period of 12 months. Since she | :01:50. | :01:53. | |
took over, there has been some controversy, especially when she | :01:53. | :02:02. | |
decided set and a policy that allows staff to work from home. | :02:02. | :02:07. | |
There are reports that Yahoo is going to acquire at tumbler. -- | :02:07. | :02:13. | |
Tumblr. We are expected details of this will -- to be confirmed on | :02:13. | :02:19. | |
Monday in New York. One reason that Yahoo is trying to do this is to | :02:19. | :02:29. | |
try and get some cool back. Tumblr has more than 100 million blobs. It | :02:29. | :02:35. | |
also has a social media component as well as a mobile phone shattered | :02:35. | :02:39. | |
it. This is important as more and more of us do computing on the ego, | :02:39. | :02:43. | |
whether it is true smartphones or tablets. The benefits for Tumblr | :02:43. | :02:48. | |
are also clear. Even though it is very popular, particularly with a | :02:48. | :02:53. | |
younger age group, it is not very good at making money. The series, | :02:53. | :03:03. | |
:03:03. | :03:04. | ||
by tying up with Yahoo, it may help Of course, ?I ? Of course, ade | :03:04. | :03:08. | |
other efforts in the past to try and drive more traffic to Yahoo's | :03:08. | :03:14. | |
website. She recently redesigned Yahoo male and upgraded the | :03:14. | :03:19. | |
company's fritter sharing website. company's fritter sharing website. | :03:19. | :03:29. | |
expected for that website later. But all of these efforts have not | :03:29. | :03:33. | |
done much to boost its profits. His first quarter earnings were | :03:33. | :03:37. | |
disappointing. It outlook for the rest of the year did the impress | :03:37. | :03:43. | |
those who follow Yahoo's finances. The million-dollar question now - | :03:43. | :03:48. | |
although Tumblr does bring some hipness to Yahoo, with a fade it | :03:48. | :03:50. | |
hipness to Yahoo, with a fade it once it is owned by a bigger | :03:50. | :03:54. | |
company, even if it is one in Silicon Valley? And what Yahoo be | :03:54. | :04:04. | |
:04:04. | :04:04. | ||
able to boost its bottom line? Let's move on. It has been a strong | :04:04. | :04:08. | |
start to the week for the world's stock markets with shares climbing | :04:08. | :04:12. | |
in Asia. This follows another record breaking week, last week | :04:12. | :04:18. | |
when shares in New York hit an all the FTSE-10?I ? the FTSE-10hest | :04:18. | :04:22. | |
level in more than 5.5 years and the boom has lured back day traders. | :04:22. | :04:30. | |
Those bold individuals who think they can beat the market. | :04:30. | :04:34. | |
There is an air of excitement in the world's financial markets after | :04:34. | :04:41. | |
years of economic pain, crisis in the eurozone, stock markets are | :04:41. | :04:51. | |
:04:51. | :05:00. | ||
Stock market rallies come and go, but by definition, when things | :05:00. | :05:07. | |
again it means more money is entering them. Now it is the return | :05:07. | :05:12. | |
for the day trader. This man is training to be a cab driver in | :05:12. | :05:20. | |
London. He is day trading to make ends meet. I have always been | :05:20. | :05:30. | |
:05:30. | :05:31. | ||
interested in the stock market. I took the skills I have learned its | :05:31. | :05:38. | |
and had been day trading ever since. There are quite a few more people a | :05:38. | :05:44. | |
day trading, obviously the market are doing well. I speak to a lot of | :05:44. | :05:50. | |
traders on the internet. There does seem to be a lot more day traders | :05:50. | :05:54. | |
are round. We'll see how long it will last. I try to take the motion | :05:54. | :05:59. | |
out of it. I have learned to be more like a robot. It does not | :05:59. | :06:07. | |
always work. Make the money, get out. Have a target, stay with it. | :06:07. | :06:14. | |
This company says in the last six months, it has gone up by 46%. Are | :06:14. | :06:18. | |
these day traders the same one from the last boom or did they get wiped | :06:18. | :06:28. | |
:06:28. | :06:35. | ||
out? I say it is 50-50. Day traders live and die by their accounts. | :06:35. | :06:41. | |
would seem, as long as the world's financial systems provide potential | :06:41. | :06:46. | |
gains, day traders are back in fashion. | :06:46. | :06:49. | |
Sanyo is a pretty well known name in the electronics industry. But | :06:49. | :06:53. | |
according to a report in a Tokyo paper, it could be about disappear. | :06:53. | :07:00. | |
Rico Hizon is at our business hub in Singapore. | :07:00. | :07:08. | |
Tel us more. What a Panasonic's plans for Sanyo? It is part of | :07:08. | :07:16. | |
Panasonic's reorganisation plan. The Japanese media is reporting | :07:16. | :07:21. | |
that Sanyo may no longer resist after -- and did this restructuring | :07:21. | :07:29. | |
initiative. The move includes global job cuts. It will cut 90% of | :07:29. | :07:39. | |
:07:39. | :07:41. | ||
Sanyo's work force. This acquisition are felt to bring in | :07:41. | :07:45. | |
the growth they expected. The battery business was impacted by | :07:45. | :07:49. | |
competition and a strong local currency. This is followed by the | :07:49. | :07:59. | |
:07:59. | :07:59. | ||
slump of digital appliances. This will be a sad end to Sanyo, which | :07:59. | :08:04. | |
was one eighth -- which was once a force in the business. We will keep | :08:04. | :08:12. | |
an eye on that. South Africa's National Union of Mineworkers is | :08:12. | :08:16. | |
asking for a pay rise of up to 60% for its members. It would mean | :08:16. | :08:19. | |
entry level, underground jobs would pay around $900 US dollars a month. | :08:19. | :08:22. | |
Last year, South Africa's platinum mines were hit be wildcat strikes, | :08:22. | :08:25. | |
and a confrontation near the Marikana mine saw more than 50 | :08:25. | :08:29. | |
people killed. Google boss Eric Schmidt will meet | :08:29. | :08:33. | |
British Prime Minister, David Cameron at Downing Street later. | :08:33. | :08:37. | |
The Prime Minister is expected to raise the issue of corporate tax at | :08:37. | :08:40. | |
the meeting which is a regular get together of Mister Cameron's | :08:40. | :08:44. | |
Business Advisory Group. Google received stinging criticism by a | :08:44. | :08:50. | |
committee of British politicians last week over its tax policy. | :08:50. | :08:54. | |
Star Trek Into Darkness topped the North American box office over the | :08:54. | :09:00. | |
weekend. It took more than $70 million, which beat Ironman 3. But | :09:00. | :09:03. | |
that total did not be did the opening weekend of the previous | :09:03. | :09:08. | |
Star Trek movie. But the studio behind it says it is happy with the | :09:08. | :09:14. | |
performance. The markets have started on a very | :09:14. | :09:22. | |
high note. Gains are right across the board. Stronger-than-expected | :09:22. | :09:29. |