Wednesday 22 January 2014

Business Live: Davos kicks off plus headlines

The BBC's Samira Hussain is on the floor of the New York Stock Exchange, where early trading is under way. She tells World Business Report presenter Aaron Heslehurst the early departure of Pimco boss Mohammed El-Erian has taken everybody by surprise. It's left Wall Street guessing what he's going to do next.

Schmidt: Google's Nest purchase will mean 'infinitely more intelligent' devices

Executive chairman says $3.2bn purchase is 'an important bet' that is natural evolution of moves in hardware, but deepens mystery about how and what data will be shared

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