in twenty thirteen we got an order to deliver seven high speed valero type trains to do three hundred kilometers an hour between. this keesha here. in april of this year we got a follow up order for ten more of these trains that by the end they're under construction now what do you think it's it it's about. it's not only big german corporations that have business ties to turkey so do medium sized companies entrepreneur blend was in there from braman installs business software for instance for parking garage operators he employs one hundred twenty i.t. specialists in braman and istanbul. apart from that we do a lot here in software development and software selection process is. we have various projects with which we ultimately help the company make its processes more efficient and save money. among his customers are high tech companies across germany they include braman based space company oh-h. b. which builds satellites it's just opened up an office in on korea. to lead was in there sees the economic crisis in turkey as a good opportunity for investment. you can invest and cyclically

in twenty thirteen we got an order to deliver seven high speed valero type trains you to do three hundred kilometers an hour between. in this case here. in april of this year we got a follow up order for ten more of these drains and they're under construction now what do you say we can fix it it's a ball. it's not only big german corporations that have business ties to turkey so do medium sized companies entrepreneur blend was in there from braman installs business software for instance for parking garage operators he employs one hundred twenty i.t. specialists in braman and istanbul and. thousands of you apart from that we do a lot here and software development and software selection process is. we have various projects with which we ultimately help the company make its own process is more efficient and save money. among his customers are high tech companies across germany they include braman based space company oh-h. b. which builds satellites it's just opened up an office and i'm korea. to lead was in there says the economic crisis in turkey as a good opportunity for investment. commun

refiner valero. its shares, which have run up on takeover speculation, tumbled nearly 8% after reliance industries, an india-based firm, denied it had any interest in buying valero. valero will report quarterly results tomorrow. another weak group in the s&p 500? materials, led by steel stocks. a.k. steel and u.s. steel each fell 9%, while allegheny technology ended off 7.5%. this sector has been under pressure lately and blames it on china's currency policies. over in the tech sector, yahoo slid 5.5%. the company said it's considering selling its asian assets rather than finding a buyer for all of yahoo. it would redistribute that money to shareholders. two japanese auto giants got caught up in the selling. honda plans to stall production at its north american plants by 50% due to parts shortages caused by flooding in thailand. that flooding also affected toyota, which may cut overtime for production in north america through the end of this week. and that's tonight's "market focus." it's one of the

valero is one of those refiners benefiting from the increase in u.s. oil production, allowing it to use cheaper north american petroleum instead of importing more expensive oil. shares shot up 12.8% as volume more than tripled. the switch to lighter u.s. crude oil allowed valero to earn more than $12 per barrel of oil it processed, more than double a year ago. fellow refiner hess was up 9% to an 18-month high, continuing the rally sparked yesterday as the company announced plans to spin off its refining business to focus on exploration and production. an activist investor is pushing for even more spin-offs at hess. drug maker pfizer helped the health care sector move up today even as it continues to see sales hurt by generic drug competition. pfizer earned 47 cents per share. while down from a year ago, it was a better result than what was expected. generic versions of its cholesterol-lowering drug lipitor continued to pressure overall sales. but traders and investors were encouraged that pfizer's pipeline of new medicines will help expand sales in the

the trading was fueled by press reports valero may be a buyout target. after the bell, internet traffic-measuring firm akamai turned in profits one penny better than estimates. the firm's outlook was optimistic for the first time in several quarters. it has been a difficult year for akamai shareholders. through today's session, the stock has lost half its value since january. but after its upbeat forecast tonight, shares jumped $3 from today's closing price. if that buying holds, it would take the stock to its highest price since the july selloff. updating different kind of internet firm, amazon. volume more than tripled as shares fell almost 13%. disappointing earnings and outlook last night sent the stock below $200 per share for the first time since mid-august. and that's tonight's "market focus." >> tom: arrogance has led to debt crisis in europe and the occupy wall street movement here in the u.s. that's the contention of tonight's "street critique" guest. he's michael farr, president of investment firm farr, miller and washington and author of "the

in twenty thirteen we got an order to deliver seven high speed valero type trains to do three hundred kilometers an hour between kanya discussion here. in april of this year we got a follow up order for ten more of these trains and they are under construction now what do you think is it it's a ball. it's not only big german corporations that have business ties to turkey so do medium sized companies entrepreneur blend was in there from braman installs business software for instance for parking garage operators he employs one hundred twenty i.t. specialists in braman and istanbul. apart from that we do a lot here in software development and software selection process is. we have various projects with which we ultimately help the company make its processes more efficient and save money. isn't there moved with his family to brain when he was a child he studied economics and worked for consulting companies before setting up his own business. he comes from a humble background his father was a welder in a shipyard his mother was a housewife. and i consider myself a northern german that's how

in his classmates participated in the contest in one best design, which is now being built at this valero facilities. so that either door they go through this tube here is 12 made as long as they hype. we use it to try a different hyperlink models in low pressure and as a perfume that we can obtain different pressure levels with an electric at home with. and then we also have solar panels on top and out here with these panels, we generate the energy that's needed to keep the pressure low to lay rolison. other companies are trying to create a mode of transportation ideal for distances between 41500 kilometers. one, be sanitized team are developing the model in spain, but other countries could profit much more to see of, of without pre advanced infrastructure. the thing is that you need to have a molar gate, the technical specifications. i strongly believe that europe is good march. now you see others where the infrastructure is done. it plays yet. and you see dubai. you see india where infrastructure, good be good, but is anti great. i believe the regions and yoga piece is going to take pl

turkish economy and valero recover sooner or later and then very fast meant to pay off. of course and there is another reason why the waterside villa's a so popular especially with buyers from the middle east. many arabs are familiar with the journalists from turkish t.v. dramas but they've been on television over time in the arab countries because people are crazy about them. sometimes my clients call me and say i want to buy from my favorite series. the viewing is over for today the two realtors intend to continue bargaining. so it's likely that this mansion and its spectacular view of the bosphorus will soon change hands. bigger isn't always better especially when it comes to commuting take little. homespun arrive hailing service the two and a half year old company has ten thousand drivers operating in nairobi and over a million uses on its platform starting to be a hit in other african countries too. the kenyan right having apps little might be competing with global players like hoover and tax if i can get but it's only valued at around seventy two million dollars on

it all kicks off tomorrow with conoco phillips valero and royal dutch shell. to close the week we'll hear from chevron on friday and next week exxon mobile picks it up on monday with a report from bp on tuesday. analysts will be looking for energy companies to cut costs and increase efficiency to help the bottom line. but will it be enough? >> i think cost-cutting will absolutely be a main theme of this earnings cycle. right now, we're seeing estimates on the range of 10 to 20% reductions and service costs. >> the street will see 5% earnings growth in the fourth quarter of 2014. also projecting that energy will be the worst performer with the drop in earnings around 20%. what are the other concerns? job cuts in 2015. oil prices declining, and rigs shutting down. will more companies announce layoffs? >> i think head count reductions are all but inevitable at this point. given the severity of the downturn capex, budget reductions. we're talking about hundreds of billions of dollars that won't be spent this year. >> what will management say about oil prices will

shares of valero, western, marathon and tesoro sharply lower today. >>> certainly u.s. oil exports could bring global crude prices in check, but what a lot of consumers really want to know is will it mean cheaper prices at the bump? jackie deangelis takes a look. >> reporter: first, it was russia and ukraine, now iraq. geopolitical tensions keeping oil prices high, but the rise comes as the u.s. is ramping production, raising the question is now the time to lift the 40-year-old ban on oil exports? proponents say exporting domestic crude would ease price tensions in the global marketplace and it may be washington is listening. the wall street journal reporting that u.s. officials allowed two companies to export ultra light crude. >> we have wgi crude oil, $106 a barrel, brent crude oil $114 a barrel. if you open up the wti to the world markets, of course the world market will go for the cheaper crude oil. >> reporter: while exporting could bring global prices down, it would raise prices here at home bringing domestic crude more in line with the international benchmark. >

turkish economy and valero recover sooner or later and then very fast meant payoff. of course and there is another reason why the waterside villa's a so popular especially with bias from the middle east. many arabs are familiar with the galus from turkish t.v. dramas but they went on television over time in the arab countries because people are crazy about them. sometimes my clients call me and say i want to buy from my favorite series is. the viewing is over for today the two realtors intend to continue bargaining. so it's likely that this mansion and its spectacular view of the bosphorus will soon change hands. now if you've been wondering why your business partners or clients in germany are not available today here's a possible explanation. it's the call of the season germans especially of the island that's saying that have to be patient with the fact that serious. possibly. it's time. to take one step further. and face the costs of. the time to such thing i know and fund for the troops. it's hard to overcome downturns once cut the world. it's time for. a new wus

., refiner valero will receive more product to refine. it's already benefiting from the lower leg of the pipeline that became operational earlier this year. then there's conoco phillips and also exxonmobil. they both have exposure do the oil sands. and a houston-based company to watch. an infrastructure play. one of its operating units will help build the pipeline. >> what we've learned in the last week is the democrats realize it's going to happen at some point. i do think either it happens over the next couple of days by the senate passing it or in january when republicans get the majority. >> at the moment all eye on the senate, then the president. for nightly business report" jackie deangelis. >>> urban outfitters quarterly profit tumbled by a third in the last quarter and that's where we begin tonight's market focus. they own brands like free people and saw costs rise. the company has continued to offer discounts and promotion, to attract shoppers which has pinched its margins, same-store sales also continued to decline last month. a

well, is already waiting for them inside the aircraft, jorge, valero, and his team are conducting final checks 10 mechanics step spend several days getting the engines, landing gear, and electronics ready for take off. after 18 months on the ground. they too are optimistic about the future. companies that will have passengers, people are on the wall, they start to fly again on its lot of job bud, steve friends 2 years ago because philly there early. the lead smell a smiling day in the face of the people. finally, it's time for the pilots to go on board. the preparations for their flight are much more extensive then for a normal takeoff. ted well is not an active airport. there are no air traffic controllers, no electronic control system. the pilots will need to use maps to navigate and are largely left to their own devices in handling the airliner your home kinda folks which or it has no control tower that we can talk to. we have a so called uni. com frequency which allows all aircraft in the area to communicate with each other and again. so we'll let them know what we're doing when we

the declines in tesoro and valero came after chevron issued a profit warning because of the impact of hurricane isaac. they were both down more than 5%. chevron lost 4%. also losing ground, shares of cummins, it lowered its 2012 sales forecast for a second time this year, customers remain uncertain about the global economy, and as a result they are delaying spending on new heavy duty trucks. shares of cummins end of the day down more than 3%, a two and a half month low. but there were some bright spots today, investors bought up shares of cost ko, it post forecasts of 1.39 a share, 8 cents above analyst forecasts. it appears customers were willing to pay more for membership for the privilege of buying in bulk. >> there was some speculation last year when they raised that number that it might keep some people from renewing their membership and scare some new members away. what we've seen thus far is that contrary too what's been happening, as a matter of fact, they were able to grow new membership and with strong renewal it continues toed ato the value proposition for the consumer. >>

marathon petroleum, tesoro and valero each fall by at least 9%. a week before the holiday shopping season officially kicks off and target turned in these third quarter results, beating estimates by eight cents per share. the company says it feels very confident about its holiday outlook. target shares couldn't fight the weak tape today though, falling a fraction. one note on target's competition against walmart? target says holiday toy sales have been slow, hurt by walmart offering a layaway plan. one more from retailing, abercrombie and fitch. the stock took a nose-dive, shedding more than 13% on 10 times average volume. the company warned of weak margins over the holidays even as it continues expanding internationally. in a long-fought legal case, semiconductor makers micron and rambus saw some big moves. micron jumped 23% while rambus fell hard, down 60% after being halted. a jury ruled for micron in a case that saw rambus claimed micron engaged in price fixing to prevent it from getting a foothold in the memory chip market. the jury rejected t

valero hiked by 41%. the payout 40 cents a share made to shareholders in march. the yield on that dividend is now 3.2%. the stock popped 4.5% to $50.16. the farming equipment maker deere is laying off more than 900 employees in iowa and illinois the latest round of job cuts by grain prices hurting demand for machinery. shares fell more than 1% to $88.35. >>> our market monitor tonight is cautious on stocks but said investors should be focused on yields and opportunities that will be coming in the energy sector. channing smith joins us now, corporate director with capital advisor. what makes you cautious? >> i don't know if we're cautious. we don't see a bear market we don't see a recession. until investors start to feel central bankers or lose confidence we don't, but we're trying to be realistic. if we look at valuation, that's concerning us. the shiller p.e. an adjusted p.e. that takes the average earnings of s&p companies the last ten years divided by market prices it's at 27. and we've only in the 134 year history been above this marker and so we're just not

a top conductor, valero, a gag, if has been fired from his post as chief conductor of the munich philharmonic. the fighting to criticize his longtime alive vladimir putin, across europe and the united states and russian artists with ties to the kremlin, had been put on notice. speak out against to president putin or be prepared to be cancelled o one of the world's most visionary conductors, and a long time ally of russian president vladimir putin. for years concert houses in the west looked past conductor, valerie garr gibbs close ties to rushes. authoritarian leader, but after putin ordered the invasion of ukraine, many are finding that impossible, and are demanding the conductor distance himself from putin. new york's carnegie hall cancelled garr gives appearance. so has lascola opera house in milan. in germany, munich, mayor gave dare give an ultimatum, denounced putins war against ukraine and against munich sister city, kiev, or lose his job as chief conductor of the munich philharmonic. dare give didn't respond. on tuesday, the mayor fired him one of the world's top opera, singers on a t

i would like to salute alejandro valero hawaii. people are searching the far right and the fact that we have to stop them middle, silverman, maddox, easy in this decisive moment. all of them you villainous father, future of our new leondard. what good grandmother, nothing can be as at wise. well, this friends and also that my, i would like to give my hand all of those one to work for francis leon. ready to invent something new. and i'm glad you in order to federal read, convict janice and a different sensibilities of it. who in order to build a do together a common action unless you're in the service of our nation, followed handling. yes, it's hard to a little comfort, theos, to all our fellow citizen is i left all school that will ever chose abstention or an atheist trembling for it because they are the angry because of persisting inequalities and are rooted insecurities of their everyday life. on the difficulty to live and dignity, even if you are a current order or more what? because if they dont feel represent at our listen to