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Google Maps Back on iPhone

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    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  • Duration 4:54
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Time -- of the morning.

Morning everyone Google Maps are back on the iPhone the world's most popular navigation tool returned late yesterday.

With the release of the new iPhone app the move comes nearly three months after apple replaced Google Maps with its own mapping service.

But users complained it was nowhere near as good is Google's mapping software and had obvious mistakes like putting one city in the middle of the ocean.

Issue led to the firing of apple executives got divorced -- and of public apology from the company CEO Tim Cook.

Google says its new map -- is better than the one that used to be on -- on.

Sprint Nextel meanwhile says it's moving forward with the potential merger.

With Clearwire the company's offering to pay two dollars ninety cents a share for clear -- -- class a and class B common stock.

Sprint had a nearly 52% stake in Clearwire as of December 11 according to an SEC filing keep in mind Japan's Softbank is in the process.

A buying a 70% stake in sprint for twenty billion dollars.

House speaker John Boehner is scheduled to outline his current position on the fiscal -- negotiations later this morning.

Speaking yesterday Boehner said the president's latest proposal for one point four trillion dollars in new tax revenues does not fulfill his promise for a balanced approach.

To tackling the federal deficit and couldn't pass congress he added that both men have some serious differences on the matter.

The White House said the president won't back down on his demand increased tax rates for the wealthiest Americans.

And insiders -- negotiations could go on past Christmas -- the deal isn't reached.

Taxes will go up for most Americans at the beginning of the year and -- government spending cuts will kick in at the same time which economists say could send the economy.

Back into recession.

They're getting results now from CNN that networking equipment makers reporting an adjusted loss of seven cents a share that's wider.

In the expected loss of six cents a share.

Revenue came in at 465.

Point five million dollars it was also -- analysts were looking for 468.

Point three million dollars checking the markets now here in the US -- have been searching for direction all morning we're seeing a mixed market now Dow futures are up to.

Yes and in -- finance ministers held a marathon session and clinched a deal.

To give the European Central Bank new powers to supervise eurozone banks starting -- fourteen this comes ahead of an EU summit in Brussels.

Where they'll also discuss bailouts for Greece and Cyprus meanwhile concerns about the fiscal -- here in the US are overshadowing the feds new stimulus plan and stocks.

In Europe are also in the red were -- London down fourteen Paris -- -- about two.

And Frankfurt's down 28 let's get a closer look though out what's moving those markets would mark priest senior trader.

At ATX capital in London mark the EU summit starts in Brussels today and that what's your predict what will Greece get its next bailout payment.

I think there were a lot of you know beer me and issues I think become part of the from -- from such -- -- -- was supposed to come from -- that this would help from.

There was prisoner will sought to there's -- -- artfully and arthritis surprises the markets they weren't given experiment.

Greece's bond buyback everything falls short of expectations though which means it will need to do more to reduce its debt and hit any of those targets and most likely will be more financial assistance.

In the futures so I wonder is there a point where all of this age becomes a bad investment -- they're already.

-- through I think Republicans are ready -- -- everybody -- in the situation increases.

There is -- the best.

It's it's not a full would have some porn video of the -- -- backward so.

We're full surmount a tussle beginning to see -- the very good to be another direction customer another sort of from -- for we will look in this respect.

All right that's mark priest Citi can't capitalize -- -- you mark thanks.

And European regulators have ended -- antitrust investigation into even prices after accepting an offer by apple.

And for publishers to ease pricing restrictions on Amazon and other retailers.

The decision is a victory for Amazon and its attempt to sell it looks for less than rivals in the fast growing market.

The -- publishers are Simon and Shuster harpercollins.

-- and Germany's MacMillan.

News -- keep in mind is the parent of both harper Collins and the Fox Business Network.

Here's a look at commodities now we're -- oil and gold to the downside this morning boils down by about sixty cents trading at 86 dollars a barrel.

-- analysts point four bucks at 1694.

Announced coming up this morning fox business's Jeff Flock we'll talk with General Motors North American president mark -- About a new vehicle roll out the overall economy.

And of course that the potential fiscal cliff impact that's coming up at 8:55 eastern you don't want to miss it and you also don't want to miss the -- man live now on Fox Business.

Giving you the power to prosper.

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