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