Reuters - Video

EDITION: U.S. | U.K. | IN

9/11

3XSQ: AOL-Microsoft deal; Avon's new leading lady

Monday, Apr 09, 2012 - 04:17

April 9 - AOL said it will sell 800 patents to Microsoft for $1 bln, and Avon names Johnson & Johnson executive Sherilyn McCoy as its CEO.

▲ Hide Transcript

View Transcript

I had more focused on the Fed tech and Telecom deals. And ruffling feathers. -- fight to the death. Of the -- later in the show. Welcome to three times -- this Monday from writers world headquarters in New York. Fed Chairman Ben Bernanke has brought a new openness to the Central Bank with the release of what you tell economic forecasts and plain language in the statement on monetary policy investors and economists may be looking for more about clarity from Bernanke when he takes questions from audience members. Following his speech on financial stability today. A weak jobs report Friday leading some -- hope for more stimulus from the bank. A series of other fed policy makers could address this in speeches this week as well. Stocks lower across the board right now we've got the Dow and NASDAQ the S&P 500 all heading south. AOL though soaring after signing another deal not quite that high seen after its deal with Time Warner. And one that may not make -- big immediate splash as a deal with the Huffington Post but it is a big deal no last Microsoft paying at tat over. A billion dollars for 800 patents the Internet company said. It plans to return a significant portion of the sale proceeds to shareholders. Shares at a 52 week high near their highs since Time -- spun off the company. In late 2000 and time. When last time used the yellow pages AT&T selling a majority stake in its. Yellow pages business to private equity firm cerberus. That's accompanied east owned Chrysler that price tag 750 million dollars in cash and the assumption of 200 million dollars in debt. AT&T saying the deal had a minimal effect on its earnings cerberus hoping their purchase we'll do more for it and Chrysler did. Which went into bankruptcy under its watch. Looks like a turnaround plan is starting to take shape at Sony our daily digit number of job cuts expected according to the Nikkei newspaper. 101000. -- 6% of its workforce. The entertainment giant has spent four years in the red Sony's new CEO giving a briefing Thursday which may contain more details about the company's future. It's suffered from competition apple and Samsung strong yen and weak demand. For its TV's. Our power player of the day will either go down as Avon is shortest tenured CEO ever or the executive who fends off -- Sherlund McCoy taking over as CEO of the world's largest direct seller of cosmetics later this month she's leaving JJ for the new post. After years of US sales declines -- more recently poor performance in key markets Russia and Brazil plus bribery probe. McCoy has a make over on her hands Cody which made an unsolicited ten billion dollar bid. To buy Avon is expected to start reaching out directly to -- on shareholders this week on the merits of the deal. Three weekends in a row at the top four the hunger games not even a Titanic or any American high Francesca stop in the B sensation. It's now -- more than 302. Million dollars at the North American box office cruising past a slew of Harry Potter is on the three twilight movies. A hundred games this clocking in right now at number 37 for the highest US grosses ever. Next in its -- up pirates of the Caribbean the curse of the black pearl Independence Day. And return of the jet I avatar is still number one with more than seventy. 160. Million dollars. And finally a new way to get bed -- Every waking up with messy hair how about surviving that pillow fight in Berlin. -- it looks like the -- kind of suffered more than that people the event -- international. Pillow fight day which started in 2008. It's high wind I was a little bit steamer and and more coordinated sponsors even taking part. Three and getting involved no mattress companies are sleeping forms. Wonder why that's the latest from street sense where this Monday -- and -- this is right.

3XSQ: AOL-Microsoft deal; Avon's new leading lady

Monday, Apr 09, 2012 - 04:17

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)