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-- everyone we have breaking news for you President Obama has been named time magazine's person of the year for -- point twelve.
We also finally have the next chapter in a Knight capital -- get go is acquiring Knight in a deal worth one point four billion dollars.
Fox business' Charlie Gasparino has been reporting that get though is raising its bid to between 37375.
A share in -- 75 per share.
Is -- number here night shareholders can elect to take that money or.
They can -- to even the exchange their shares for common stock in the new holding company.
Night CEO Tom Joyce -- B executive chairman and -- CEO Daniel Coleman will be CEO of the combined firm.
In August get go and five other financial firms rescued night.
After trading -- nearly wiped the firm out.
We also -- -- today from -- -- in the company's reporting a lower second quarter profit due to weakness.
In its air delivery business and the impact of super -- sandy.
The world's second largest packed it's package delivery company says it made a dollar 39 a share two cents below the estimate while revenue.
Rose from last year to eleven point one billion dollars.
-- -- the estimate for ten point 84 billion FedEx says superstar -- -- cut earnings by eleven cents a share by driving down shipping volume.
And increasing costs.
Let's take a look at the markets now here in the US futures have been in the green across the board all morning we are now seeing doubt that 33.
Yes and -- up almost three points the NASDAQ up about nine looking figure -- German business confidence ticked up slightly this month topping expectations.
While Greece had its credit rating raised by S&P following the country's debt buyback.
And that rating went from a selective default through a B minus with a stable outlook stocks are up across the board overseeing London 29 -- is up nineteen in Frankfurt up.
About twenty points.
Are on Denis O'Neill joins us now with a look at some of the other business stories affecting the markets this morning and Dennis -- For the next swift and -- fiscal -- soap opera but traders are.
Betting a deal is near overnight stocks in Japan surged up past -- Nikkei 101000 mark for the first time since last April and in the US the Dow -- -- second day of -- triple digit gains it's at a two month high.
Meanwhile got industry reeling from the tragedy in Newtown Connecticut Smith & Wesson shares -- 10% yesterday the service.
Private equity firm is selling out of its big stakes in the Remington -- brand.
And the bush mart brand that makes the AR fifteen assault rifle used in those shootings in Connecticut last week.
And the NRA national rife association consider to be one of the biggest obstacle to any kind of gun control legislation.
Is assigning a strikingly.
-- and conciliatory tone.
Meanwhile elsewhere FaceBook CEO Mark Zuckerberg as good news and bad news the bad the answer Graham photo service.
Huge outcry and protest over that new policy yesterday saying that -- Graham not the -- -- own -- their photos it's backing off of that.
And meanwhile Mark Zuckerberg just donated.
Eighteen million shares of FaceBook.
To a Silicon Valley charity.
And valued at yesterday's closing price about 27 dollars a share that's half a billion dollars that Zuckerberg just donated.
Back to you died.
At the bill not that all right that's Dennis -- from the newsroom thanks -- okay.
We have some breaking news now for General Motors the company says it will purchase 200 million shares of the stock held by US treasury.
In the first step of the government's eventual exit from the auto -- within the next twelve to fifteen months.
The company will pay five point five billion dollars for the shares in a deal that's expected to close.
By the end of the year the repurchase price of 2750.
A share represented seven point 9% premium.
Over the closing price on December 18.
Now let's take a closer look at the European markets with Michael Hewson market analyst at CMC in London Michael.
I know we have a paycheck because the breaking news that quickly want to touch on the fiscal clips of looking at ease back the plans.
Would either one be enough to calm the market that we don't get an actual deal.
Well I think as long as we get some full plan done I think that's really what markets are looking for -- 19 concern here is that markets have been rising in anticipation and some sold deal.
Program is if they don't like him because.
-- -- -- back down again and I think that's really -- consent of the -- in this that they tell us.
Still remain remarkably sketchy and Israeli no guarantee on either side that the various houses of houses of government when -- -- -- and get the necessary support is needed for the two sides to come together.
Not as I was allowed parity even if they do reach -- deal Michael but we will wait and see as usual thanks so much -- announced it's great having you think.
-- -- take a quick look -- at thanks Michael let's take a quick look at commodities now oil and gold to both that we got oil up almost 77 cents build up almost four about.
Imus in the morning continues right now on Fox Business.
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