This transcript is automatically generated
-- Imus in the morning.
Good morning everyone shares of Barnes & Noble are surging in the premarket up about 70%.
On the news that it's teaming up to form a new subsidiary for the booksellers digital and college businesses.
The new unit and what's comes doesn't joint venture with Microsoft will also include a -- application for windows eight.
The companies say they're also looking at separating the digital and college business is entirely.
Which could mean a stock offering is in the works Microsoft will make a third 300 million dollar investment in subsidiary for nearly 18% stake.
The companies -- be subsidiary will help speed the transition to -- reading.
And PepsiCo has officially announced a deal with the owner of I happen Applebee's restaurants to be -- so motor provider.
DineEquity will now serve Pepsi products exclusively in its 3300 restaurants the company had previously served both Pepsi and Coca-Cola products.
This is just the latest round in the cola wars between those two earlier this month Coke announced it had replaced Pepsi in Dunkin' Donuts 9400 shops.
And Baskin Robbins stores.
Apple has reportedly been using subsidiaries around the world to avoid paying billions of dollars in federal and state taxes.
According to the New York Times the California based tech giant has set up operations in low tax countries like Ireland.
The Netherlands or even here at home in places like Nevada the -- says the company has distributed about 70% of its profits of these arms.
But that it is all legal Paper cites a report by a former Treasury Department economist.
Who says without making such moves apple would have had to pay 2.4 billion dollars more in federal taxes last year.
In a statement to the times apple says it has complied with all laws and accounting rules.
Here's a look at commodities now oil and gold have been down all morning oil's around one -- for a barrel gold -- 1663 announced Imus in the morning continues right now on --