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3XSQ: AOL-Microsoft deal; Avon's new leading lady

Monday, April 09, 2012 - 04:17

April 9 - AOL said it will sell 800 patents to Microsoft for $1 bln, and Avon names Johnson & Johnson executive Sherilyn McCoy as its CEO.

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I had more focused on the Fed tech and Telecom deals. And ruffling feathers. -- fight to the death. Of the -- later in the show. Welcome to three times -- this Monday from writers world headquarters in New York. Fed Chairman Ben Bernanke has brought a new openness to the Central Bank with the release of what you tell economic forecasts and plain language in the statement on monetary policy investors and economists may be looking for more about clarity from Bernanke when he takes questions from audience members. Following his speech on financial stability today. A weak jobs report Friday leading some -- hope for more stimulus from the bank. A series of other fed policy makers could address this in speeches this week as well. Stocks lower across the board right now we've got the Dow and NASDAQ the S&P 500 all heading south. AOL though soaring after signing another deal not quite that high seen after its deal with Time Warner. And one that may not make -- big immediate splash as a deal with the Huffington Post but it is a big deal no last Microsoft paying at tat over. A billion dollars for 800 patents the Internet company said. It plans to return a significant portion of the sale proceeds to shareholders. Shares at a 52 week high near their highs since Time -- spun off the company. In late 2000 and time. When last time used the yellow pages AT&T selling a majority stake in its. Yellow pages business to private equity firm cerberus. That's accompanied east owned Chrysler that price tag 750 million dollars in cash and the assumption of 200 million dollars in debt. AT&T saying the deal had a minimal effect on its earnings cerberus hoping their purchase we'll do more for it and Chrysler did. Which went into bankruptcy under its watch. Looks like a turnaround plan is starting to take shape at Sony our daily digit number of job cuts expected according to the Nikkei newspaper. 101000. -- 6% of its workforce. The entertainment giant has spent four years in the red Sony's new CEO giving a briefing Thursday which may contain more details about the company's future. It's suffered from competition apple and Samsung strong yen and weak demand. For its TV's. Our power player of the day will either go down as Avon is shortest tenured CEO ever or the executive who fends off -- Sherlund McCoy taking over as CEO of the world's largest direct seller of cosmetics later this month she's leaving JJ for the new post. After years of US sales declines -- more recently poor performance in key markets Russia and Brazil plus bribery probe. McCoy has a make over on her hands Cody which made an unsolicited ten billion dollar bid. To buy Avon is expected to start reaching out directly to -- on shareholders this week on the merits of the deal. Three weekends in a row at the top four the hunger games not even a Titanic or any American high Francesca stop in the B sensation. It's now -- more than 302. Million dollars at the North American box office cruising past a slew of Harry Potter is on the three twilight movies. A hundred games this clocking in right now at number 37 for the highest US grosses ever. Next in its -- up pirates of the Caribbean the curse of the black pearl Independence Day. And return of the jet I avatar is still number one with more than seventy. 160. Million dollars. And finally a new way to get bed -- Every waking up with messy hair how about surviving that pillow fight in Berlin. -- it looks like the -- kind of suffered more than that people the event -- international. Pillow fight day which started in 2008. It's high wind I was a little bit steamer and and more coordinated sponsors even taking part. Three and getting involved no mattress companies are sleeping forms. Wonder why that's the latest from street sense where this Monday -- and -- this is right.