Treasury Department Unveils New System to File and Pay Taxes Online
THIS IS A RUSH TRANSCRIPT.  THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED. DEBORAH MARCHINI, CNN ANCHOR: Among our top stories on this Wednesday morning, the U.S. Treasury Department is expected to unveil a new system tomorrow which allows companies and individuals to file their tax returns and pay taxes online. That's according to "The Wall Street Journal." The move is an attempt to streamline the Internal Revenue Service. Turns out some paper tax returns thought to be missing from a Pittsburgh IRS processing unit were actually hidden by some employees. The reason: they were overwhelmed with work. In a letter to Mellon employees, the company's CEO explained the employees who hid the returns had been fired. Mellon has processed returns for the IRS since the early '90s but lost the contract because of the incident. And if you were trying to get money from a Citibank automated teller machine last night, you probably didn't have a lot of luck. That's because about 2,000 of the bank's nationwide money machines crashed. The reason was an internal software glitch. Citibank says it plans to waive any fees its customers were charged because they had to use somebody else's machines. And time now for a look at some other companies making news this morning, Joya Dass is live at Instinet. How's the day shaping up, Joya?</s>JOYA DASS, CNN CORRESPONDENT: Good morning, Deb. Well, you know some of the international broadcasters have fought for over two decades, according to the "Financial Times" online edition, to gain access to China's huge TV market and it looks like AOL and News Corp. may be the pioneers and be the first ones to actually do that. China is apparently set to allow News Corp. and AOL access to its television audiences. The caveat or the condition there is that they must agree to distribute a Chinese government sponsored channel in the U.S. as well. No trades yet on shares of AOL or News Corp. just yet, but we're going to keep our eye on that over the course of the day. What we do have trades on, however, are shares of DNA. Now the FDA has approved its Cathflo Activase. Now Activase is a clot-busting drug that's used as treatment in cases of heart attack as well as stroke. And right now we're seeing shares of DNA actually up 64 cents bid higher at $46. No trades yet, however, on that particular stock. Ericsson, for its part, is actually offered lowered right now. It's offered 11 cents lower at $3.92. And finally, Cisco Systems, also active in the premarket right now. We're actually seeing the stock down 7 cents at $15.70. The chief of Cisco Systems has apparently said that he sees rapid consolidation in the IT industry so we're seeing that stock move a little bit in the premarket on the back of -- on the heels of those words -- Deb.</s>MARCHINI: All right, thank you, Joya. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com