potash corp shot up 27% yesterday after the world's largest fertilizer company shot down bhp's, quote, grossly inadequate unsolicited offer. >>> more corporate maneuvering saw the maker of hefty trash bags agree to be purchased by the reynolds group in a $6 billion deal. >>> general motors has recalled 250,000 crossover vehicles over potentially defective seat belts. meanwhile mazda is recalling 215,000 vehicles with potential power steering problems. >>> and, finally, the result of this year's mindset survey may be troubling or just make you feel old. the study compiled by two researchers out to prove that cultural references have a short shelf life found that most college-bound american kids can't write in cursive, think there have always been reality tv shows, and that beethoven is a dog. frightening. >>> well, the yanks are grand, the twins walk off, and brett favre is playing -- we think. >>> plus, the red sox smash more than just the ball in their win over the angels. your early morning sports headlines are straight ahead. >>> your weather headlines feature heavy rain in the mid

bhp is banking on rising demand for fertilizers. and the united states and, a trade arrangement that could be in its favor. billions worth of loans and grants. the u.s now says they will challenge part of the ruling. the wto ruled in june that the european union had to scrap subsidies for airbus, concluding they were illegal. airbus has also vowed to fight on. together, airbus and boeing dominate the industry, and are locked in a fight to expand their share of the market. for a few years, airbus was the market leader, but the two manufacturers are again competing neck and neck. boeing has submitted more new orders than airbus. they are competing for plans valued at about $9 million euros. orders in for 30 new planes. >> two associations said that the deals are too generous and make things less competitive internationally. more productive. >> the standard vacation time for german workers in practice is 6 weeks a year, a luxury germany can no longer afford. one company argues germans have significantly more vacation time, and compared

rejected bhp's $39.5 billion hostile takeover bid citing talks with third party suitors. >>> dow component 3 m managed to close higher after the ceo doubled the estimate on how the companies will settle acquisitions to some $2 billion. >>> recall from johnson & johnson, the ninth so far this year, could take a toll on the bottom line. acuvue single use contact lenses are being recalled across asia and europe. >>> aig said monday it is paying back $3.9 million of the proceeds of the tax sales to pay off a debt via the federal reserve bank of new york. including interest, aig only owns uncle sam approximately $21 billion. >>> later this morning, the investors can be in for disappointing data on existing home sales. economists expect july sales to decline 14%. finally a unisex scent called "texas," comes in a lone star bottle with red, white, blue frosty crystals and carries the floral, vanilla and leather scent. you can own one of 400 limited edition bottles for $360. >>> a bizarre almost no-hitter, the yanks go head hunting, and golf like you have never seen it before. >>> plus, a shatterin

chip maker intel acquiring mcafee for more than $7 billion, and bhp billiton, the mining company, is making a hostile bid for potash for $39 billion. that's a bet that demand for fertilizer will rise in developing countries. >>> we're at the tail end of earnings season with companies reporting profits. wal-mart beat analyst expectations. hewlett-packard met its preannounced expectation. >>> the corporate news remained fairly strong. the economic news in general has want been, so how do we get out of the malaise? joining us now is laura tyson, and member of president obama's economic advisory board. wonderful to have you on the program. welcome back. >> thank you very much, maria. >> just about every measure of the economy looks weak. initial jobless claims to a nine-month high. gdp not growing at nearly the rate many had hoped. the consumer as well fragile. what needs to be done to turn this economy around in your view? >> well, i think it's very difficult to do, and i want to start with that. this is not an easy situation. we are in a very treacherous recession because it started wi

following the latest a bhp dolled putting more over the bay area there's three parts. yet much more of that coming up on the top of the our said shares of all three companies are enjoying quite a boost. me revise their 43 points. it is a jump in the sheer price alone and is it 2% each beat their up by a a quick hit. now the stock price is trading down. >> he very much a big shake-up for employees that usa today it is the largest paper they're laying off 130 people this fall. it is 10% of their 15 had a person newsroom. this 28 year- old newsroom is saying this is an effort to deliver stories faster to mobile devices. in cutting back in recent years to offset advertising. >> and 43 is the time will be back with just more in a couple w3o7o çño' fát( )back to kron4 news morning is ow 746 on friday morning and your shot the samoset bridge this morning is a little low4;/ about 59 degrees for current temperature. beginning up to 68. hi temperature is 74 degrees in san jose and 54 degrees in san francisco. afternoon highs will say much cooler than it did two days ago. ch