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Imus in the morning.
Good morning everyone shares of Yahoo! are getting a boost in the premarket after it struck a deal with -- Alibaba group to sell part of its stake back to the Chinese Internet company.
Under the deal Yahoo! will sell up to half of its 40% stake for seven point one billion dollars.
Yahoo! plans to sell another 10% stake once Alibaba -- for -- IPO in the next few years.
And then it expects to unload the remainder of its shares after that on the bottom has said it has no timeframe as to when it -- go public.
The deal winds down a seven year relationship between the two companies after several attempts by Yahoo! and its position in Alibaba.
Checking the markets now here in the US beaches have been in the green across the board all morning Dow futures are now up by 82 the S and -- up by about ten and the NASDAQ up by twenty over in Europe at the G-8 summit leaders expressed their interest in keeping Greece in the eurozone.
They also pushed for growth policies but no new measures were announced just yet -- there are up across the board -- London Paris and Frankfurt are all in the green.
The most prominent person indicted in the government's crackdown on insider trading goes on trial today in Manhattan.
Jury selection is set to begin in the federal case against beside them.
The former board member for Goldman Sachs and Procter & Gamble is accused of leaking stock tips to -- rajaratnam the founder of the hedge fund gallium group.
-- to faces conspiracy and securities fraud charges that could result.
In more than 100 years in prison.
Prosecutors say they'll take two weeks to present their evidence the judge says the -- trial won't last more than -- month and opening statements.
Could take place as early as this afternoon.
Another busy week on Wall Street is expected with a number of economic reports coming out are on -- -- Smith joins us now with a preview what to expect -- -- Found out that you FaceBook IPO complete investors will be moving on to other matters of the market and we will be getting a lot of housing data this week.
This is an especially important time for the housing market as -- spring home buying season comes upon us.
Eyes starting -- we're gonna get existing home sales from the National Association of Realtors that's out on Tuesday.
Congress right now are predicting a rise to an annual rate of four point six million homes.
Then it -- it we get new home sales a congress looking for our 335000.
Sales pace number there that would also be a rise in that number.
And also on Wednesday the Federal Housing Finance Agency won't release its home price index.
Now moving on -- other economic reports out for the week will round out the week on Thursday with durable goods Friday.
-- Reuters -- University of Michigan consumer index that's expected to be unchanged from the prior month but still these are all.
Potentially market moving numbers that will be out so it's going to be a busy week.
On the economy -- reports coming out but with that FaceBook IPO complete doesn't mean that investors won't be watching the price.
That the FaceBook shares will they remain above that 38 dollar price that they'll -- certainly be watching that today's session.
And throughout the week -- -- Indeed and -- we'll be watching that very closely today -- and just that the newsroom thanks Andrea.
And economists are growing more positive about the jobs and housing market the latest survey from the national association for business economics.
Shows that the two sectors will likely see modest growth for the remainder of this year but will pick up next year.
Economists now expect average monthly job growth of 188000.
For this year.
And -- unemployment rate to fall to 8% still the experts expect consumer spending business investment and gross domestic product to stay below average.
-- is reporting stronger than expected results for its latest quarter the world's second largest home improvement company says it made an adjusted profit of 44 cents a share.
As two cents better than the street predicted.
Revenue rose nearly 8% from a year ago to thirteen point two billion dollars also topping the estimate.
-- says it sees a profit of between a dollar 73 and a dollar 83 cents for the fiscal year ending in February the F they had heard gallery seven.
-- -- CEOs are being paid based on their company's performance according to a Wall Street Journal survey of 300 public companies CEO none.
Average got eight point 6% raise last year for every additional 1% their company returned to shareholders.
Between 2009 and 2011 the reverse was true -- shareholder returns declined.
The journal says in contrast there was no correlation between pay and stock market performance in 2010.
Overall the survey found that paper CEOs in place -- more than a year rose an average of two point 8% last year vs an 11% jump the year before.
Here's a look at commodities now oil and gold.
Haven't heard dancing around this morning we're now seeing them both up oil's up by about forty cents gold is up by thirty cents coming up this hour Imus is guests of the author Ted Williams.
Imus in the morning continues right now on Fox Business.
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