Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Oracle Buying Acme Packet for $1.9B

Details

  • Description

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:59
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Imus in the morning.

-- on the -- Good morning everyone talks stake held private reportedly are close to wrapping up according to the Wall Street Journal.

Negotiations over the -- continued last night with the goal of finalizing a deal in the next few days.

The journal says under the plan stockholders will be offered thirteen to fourteen dollars a share.

The plan also calls for Michael Dell already owns nearly 16%.

Of the company to take majority ownership Bob private equity giant silver lake and Microsoft.

Would become minority investors.

Checking the markets now here in the US futures.

Any huge amount this morning -- Dow futures down 37 yes and he's done about -- the NASDAQ down almost six.

And we're also moving at a -- him -- -- first story -- likely make you feel a little old faces is celebrating its birthday.

Nine years old Lauren.

I killed I 2004.

Are marking up like Eric just yesterday I started a lot of at a college spends so who's taking -- in creating.

Well we've seen -- FaceBook so many employees at their.

Menlo park California headquarters blowing out the birthday candles FaceBook obviously has only been a public company since may -- last year.

And struggled but are doing better this year stocks hovering right near thirty dollars of course we wanna get -- that thirty dollar.

IPO price but FaceBook one point 06 billion to be exact.

Users to date seventy different languages it's hard to that we've been social on that.

Sort of space for nine years now come along way since -- -- people on campus and I -- Sell any pizza flyers to celebrate -- birthday -- It's interesting that the day after Super Bowl which is the day that you know -- Chains delivers record numbers if you divide that Pizza Hut is announcing and selling a new products called pizza sliders essentially they're smaller about three and a half inches smaller than their personal lines.

And you can customize them so they're great for families and somehow want to have finance Hamas wants sausage -- -- kinda.

I get everything that you want the price tag is ten dollars for a box of 95 dollars for a box of three.

And I suppose Pizza Hut is thinking with this honestly we can keep the buzz up after this -- global sales typically slow.

Interesting you think that they wanna get all those sales up for the big game that kept looking at the strategy works pleasant that he from the newsroom -- -- -- -- and -- getting -- and now from.

Cisco that they distributing company is reporting an adjusted profit of 49 cents a share topping the estimate for 41 cents.

Revenue came -- at ten point eight billion dollars that also -- the estimate for ten point seven billion.

And we have some breaking news for you now -- goal is making a deal to buy Acme Packet for one point seven billion dollars.

Or 2925.

A share will give you more on that as we get it.

In the meantime Boeing has reportedly taken the first steps to begin work on the next version of its dreamliner jet.

According to the Wall Street Journal the company recently brought the first.

Major sections of the 7879.

To South Carolina from Japan and that deliveries the first step.

Toward assembling the jet's fuselage the journal reports body sections made in Italy are expected to arrive as early as next week.

The new dreamliner would carry about forty more passengers in the current model which -- around 250.

But it would also use this same electrical system and lithium ion batteries as the current modeling you -- remember that model.

Is currently grounded as US and Japanese regulators investigating issues with those batteries including a fire on one plane.

Jailed Ponzi schemer Bernie Madoff has made a nice profit on a new investment in a newly public company the bottom part bio.

Biopharmaceutical company -- -- -- line therapeutics held its initial public offering last week and sold 33 million dollars worth of stock.

Made -- more than two million dollar investment in the company is now worth five and a half million dollars.

But he might have been able to keep that money Irving Picard the trustee working to -- -- money investors lost.

In Madoff Ponzi scheme has filed a lawsuit looking to see the shares on behalf of the fraud victims.

MF global is -- brokerage customers could be getting all of their money back that's according to court filing by bankruptcy trustee Louis freeh.

Which projects that -- firm could have a surplus of 120 million dollars meaning customers -- money was frozen when it collapsed could be made whole.

MF global which was led by former New Jersey governor Jon Corzine collapse in October 2011 after making a disastrous bet on European debt.

And it looks like movie fans -- in the mood for love struck zombies on Super Bowl weekend.

Warm bodies was the top attraction at the box office bringing in twenty million dollars for its opening weekend.

Despite having to compete with the big gain.

Last week's top film Paramount's Hansel and Gretel witch hunters dropped to second with nine point two million.

Silver linings playbook mama and zero dark thirty round out the top five.

Here's a look at commodities now oil and gold are both down we have -- down about a dollar traded at 97 dollars a barrel.

Gold -- lost or fifty they're trading at 1666.

Announce.

Imus in the morning continues right now on Fox Business.

Load More