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This is this Imus in the morning.
Around 1 o'clock.
Good morning everyone shares of Research in Motion are higher in the premarket after the company announced both of its -- CEOs are stepping down.
-- -- -- and Michael as a read -- say after twenty years -- running the company that brought us the Blackberry.
They'll turn over control -- -- Hynes -- of former Siemens executive joined rim in 2007 and served most recently.
As chief operating officer for software hardware and sales.
Both the silly and the as a -- is we'll also give up their titles -- co chairman.
But we'll stay on as directors the move comes amid heavy investor criticism over problems including re occurring email blackouts.
And -- stock price which has fallen over 70% in the last year.
The issues have fueled speculation of a potential sale or take over but both the silly and the as a -- -- have repeatedly said they weren't interested in selling the company.
Checking the markets now here in the US futures have been in the Green for most of the morning though not by much Dow futures are up by 23.
The S and -- up about two in the nasdaq's up by four over in Europe talks between Greece and international bond holders appear to have reached an impasse over the weekend.
That comes ahead of today's meeting of eurozone finance ministers where -- next rescue package will be discussed.
Stocks are up across the board at the moment London's up by 45 -- that by seventeen and Frankfurt's up almost thirty.
Now with more on what's moving those -- I'm joined by Hollywood Silva MarketWatch -- London bureau chief.
-- and -- creditors are now making what they -- their maximum debt swap offer how likely is it that this will be accepted and what happens if it is that.
Well I think both sides of the negotiations snow that they need to ready to -- -- Andrea all working very hard clearly there are differences I think -- -- it will will get some sort of deal.
Not otherwise swimming get that big -- before that I don't think annual wants to see that.
And Italian prime minister Mario Monti is called for the eurozone to double the size of the regions from him bail out fund.
How much support you think he has here.
I think 70.
Other officials have also talked about -- in fact we kept Christine Lagarde today.
The head of the International Monetary Fund Corning for a bigger fire -- to fight the debt crisis.
And specific -- for boosting the size of the bailout fund so other officials are talking about it that the question here is what does Germany think.
And Germany is the key player in the resolving this crisis right.
-- -- thank you.
And Halliburton topped expectations with its fourth quarter earnings today the oil services company report a profit of 900.
Seven million dollars excluding items that breaks down to a dollar per share beating the expectation of 99 cents.
The company says results were helped by a pick up in north American business revenue rose 38% seven point one billion dollars the estimate was for six point 83 billion.
The company says it expects continued challenges in material and labor costs.
Staying with the energy industry here gas producer Apache is buying private oil and gas company -- here energy.
For two point 85 billion dollars in cash and stock the move will help -- had to expand its land holdings and its presence in the energy rich Anadarko basin in Oklahoma.
And Texas the -- expected to close in the second quarter.
The trial of accused Ponzi schemer Allen Stanford is set to kick off in Houston today.
Jury selection will Begin nearly three years after Stanford was charged with defrauding clients at a seven billion dollars.
Through his Stanford financial group the trial is delayed a year ago after the judge ruled Stanford was too over medicated on anti anxiety and other drugs to help his lawyers.
Stanford -- described amends after he was badly beaten in a 2009 prison attack and claimed he suffered memory loss but he was deemed competent to stand trial last month.
It looks like the US economy is facing a mixed outlook for the year ahead.
The latest survey by the national association for business economics shows about two thirds of participating economists.
Expect the US economy to make some modest gains.
But not enough to significantly reduce the number of jobless Americans.
They expected GDP to grow at a rate above 2% similar to November's forecast that called for growth of 2.4 percent.
GDP growth usually needs to be above 3% down to significantly lower unemployment.
The survey also found two thirds of US companies expect no changes in employment over the next six months.
Now let's get the latest on weather from meteorologist -- -- and our Fox Business weather center hi Maria.
Hi good morning Dan and unfortunately we do have some severe weather to talk about today across the south and this is also -- with a large storm system producing some lifestyle across parts.
A Minnesota into Wisconsin and even some freezing rain ahead of it across parts of the mid Atlantic and interior northeast but -- a strong storms are located right now is across parts of Alabama.
And they are headed into southern parts of Georgia we do have a tornado watch in effect until 10 AM local time.
And one of these thunderstorms is currently producing possibly a tornado on -- north of Montgomery so of course is that the warnings issued for your counting you seek shelter immediately to hand.
-- down everybody all right thanks -- area oil and gold are both up right now Imus in the morning continues on Fox Business.
Giving you the power across.
Ladies and gentlemen.
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