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Draghi Defends New Bond Buying Program
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FBN's Diane Macedo breaks down afternoon market news.
- Duration 0:57
- Date Aug 29, 2012
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FBN's Diane Macedo breaks down afternoon market news.
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Hi everyone I'm Diana stay with your Fox Business -- European Central Bank president Mario Draghi defended new bond buying plan.
In an op Ed piece in a German newspaper driving -- the ECB must take exceptional measures to fulfill its mandate of delivering stable prices.
He -- that strong decisions have to be made to manage the Europe.
Liberty Media is boosting its stake in Sirius XM radio John Malone's company purchased another forty million shares.
Bringing its total stake to forty.
Eight point 8% the move comes a week and a half after Liberty Media filed a petition with the SEC to take control of the satellite radio company.
And Eli Lilly had stopped the phase three development of -- schizophrenia -- the decision was made after independent analysis indicated it was unlikely to have a positive outcome.
That was not based on any safety signals that the latest from the Fox Business Network giving -- the power.