ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you, betty. president obama wants to see an online privacy bill of rights for consumers. the white house unveiled the proposal early this morning. it calls on technology companies and consumer groups to work together in crafting protections. the proposal comes as more and more companies are collecting and using information from their users. >>> checking overseas stocks, markets in asia were mixed. the nikkei gained half a percent and the hang seng lost more than .75%. >>> there was no flirting with 13,000 on wall street wednesday. the dow broke a four-day winning streak to finish down 27 points while the nasdaq slipped 15. >>> today we'll get earnings reports from target and kohl's. investors want to know how well they're competing with walmart and amazon. hewlett-packard's earnings declined. in the first quarter with meg whitman at ceo. the net income fell 44% and revenue slipped.

ashley morrison is here in new york with that and more. good morning, ashley. >> good morning to you, betty. y overseas markets the stock slipped and hong kongs ee hang seng was also flat. >>> concern over greece's default, the dow lost 17 points while the nasdaq fell 3. >>> more than 40 states have signed on to a settlement deal. with the nation's five biggest mortgage lenders. it would force the banks to reduce home loans for about one million homeowners. the lenders would also have to send checks of about $2,000 to hundreds of thousands of people who lost their homes to foreclose. the landmark settlement was reached after the lenders admitting to abusing foreclose practices. >>> fed chair ben bernanke goes before the senate budget committee today. he will be asked to assess the state of the economic recovery and the impact the european debt crisis may have on the u.s. economy. bernanke will also discuss the federal budget and whether the fed will keep its interest rate at record lows. >>> congress will be talking

ashley morrison is here in new york with more on that. good morning, ashley. >>> good morning. tokyo's nikkei gained 1%. while hong kong's hang seng rose more than 1.5%. on wall street investors will get home prices. the dow lost a point, while the nasdaq gained 2. >>> an attempt by some airlines to raise prices isn't getting off the ground. big carriers like united and continental are rolling back some of their $10 fare increases they made last week. they made that decision after carriers like southwest would not match the increase. >>> the federal government is accusing bank of america of discriminating against disabled borrowers. the department of housing and urban development says b of a posed some unnecessary and burdensome requirements on loan seekers who are relying on disability income. bank of america said it did not engage in a systemic practice of discrimination. >>> and michael douglas is

. >>> speaking of business, ashley morrison is here in new york with the rest of the business headlines. gorn, ashley rsh good morning, betty. all business here. checking markets overseas. stocks in asia rallied on data from china. the nikkei finished higher and hong kong's hang seng rose nearby 2%. >>> wall street started out on a strong note in february. the dow added 83 points and the nasdaq gained 34. >>> american airlines is looking to eliminate 13,000 jobs. it would impact flight attendants, maintenance workers and pilots. they're trying to emerge from bankruptcy by slashing labor costs by 20 percent. they're going to stop paying for retiree health benefit. >>> indiana is now the 23rd state with the right to work law. governor mitch daniels signed the legislation yesterday to the did is may of union employees. the law prohibits unions from collecting mandatory fees from

ashley morrison here in new york. >> we won't forget. good morning, terrell. overseas stocks in asia jumped. after greece approved the austerity deal. nikkei gained half a percent and the hang seng also added half a percent. >>> on wall street, investors are keeping a close eye on the situation in greece. they're hoping the dow will rally after losing 61 points last week. the nasdaq stayed flat for the week. >>> another spike in gas prices according to the lundberg survey, the average cost of a gallon of regular has jumped nearly 12 cents over the last three weeks to $3.51. >>> there's more money missing from bankrupt trading firm, mf global. a court pointed trustee says an additional $400 million is missing from customer account. they filed for bankruptcy in october after it could not account for more than a billion dollars. >>> americans are expected to spend more tha $17 billion on sweethearts this valentine's day. according to national retail federation,

ashley morrison is here in new york with more on that. morning, ashley. >> and good morning to you, betly. >>> overseas markets came out slightly ahead. tokyo's nikkei gained half a percent while hong kong's hang seng gain as fraction after a volatile day. it was a positive start. to the week on wall street. the dow added 72 points while the nasdaq gained 27. >>> china's vice president meets with president obama in washington today. the president will once again ask china to lower trade barriers and reform its currency policies. his visit to the united states may hold some clues about china's future economic stances. he is widely viewed as the successor to current president hu jintao. >>> regulators in the u.s. and europe have approved google's bid to buy motorola. google is willing to pay $12.5 billion for the mobile phone maker. it will give them the ability to manufacture its own phones and devices for the first time. >>> google has some catching up to do with apple. on monday apple shares closed above $500 for the first time ever. app

ashley morrison is here in new york with that and so much more. od morning, ashley. >> good morning, betty. checki overseas markets, a big rally in asia. tokyo's nikkei jumped 2.5% for a six-month closing high while the hang seng shot up more than 2%. >>> on wall street, the stocks rallied. in the last half hour. the dow added 4 point and the nasdaq inched up less than a point. >>> eurozone leaders are canceling a meeting to discuss the second bailout of the greek economy. they want greece's parliament to find hundreds of millions of dollars more in savings before authorizing the new rescue package. without the bailout, greece is at risk of sliding into bankruptcy. >>> the drug maker roush says counter vials of avastin have made it into healthcare facility. here in the u.s. the phony drugs don't contain the active ingredient. it's unclear how many counterfeit vials are in circulation. vials are in circulation. avastin generates about $6 billion a year for them. >>> it was a near record year for giving to america's colleges and universities. schools

ashley morrison is here in new york with more on that. morning, ashley. >>> good morning, betty. overnight markets in asia slid. the nikkei lost about a half percent, while the hang seng fell more than 1%. >>> another flat day on wall street after coming within 75 points of 13,000. the dow ended up just six points higher while the nasdaq gained 11. >>> the house of representatives overwhelmingly approved the stock act on thursday. legislation is aimed at making it illegal for members of congress from using inside information to make stock deals. the bill gained support after a report on "60 minutes" revealed how some lawmakers were enriching themselves by making trades that would be illegal for anyone else. >>> meanwhile, one of the congressmen featured in that report is now being investigated for possibly violating insider trading laws. according to the washington post, investigators are looking at a number of suspicious trades made by alabama republican spencer baucus. he is the chairman of the house financial services committee. he say

you probably have to stand. >> ashley morrison here in new york.nk you, ashley. >>> and google wants to wish you a happy valentine's day. ♪ why can't i free your doubtful mind and melt your cold cold heart ♪ >>> today's google doodle is all about a boy trying to impress a girl and it's set to the song "cold cold heart" sung by hang williams. the only thing she wants is a litt little companionship. >>> straight ahead your weather and pooches. the battle for top dog is under way at the westminster dog show. dark roast forest fresh full tank brain freeze cake donettes rolling hot dogs bag of ice anti-freeze wash and dry diesel self-serve fix a flat jumper cables 5% cashback right now, get 5% cashback at gas stations. it pays to discover. but does bringing a floor back to life really make us heroes? [ chuckles ] yes. yes, it does. ♪ call 1-800-steemer it's in your future now. [ female announcer ] discover the power of aveeno positively radiant. with total soy, it's clinically proven to visibly reduce past damage, while broad spectrum spf 30 helps preve

all right, ashley morrison here in new york. thank you. >>> coming oup n the morning news, an attempted child kidnapping at walmart caught on tape. >>> plus, disturbing revelations in the case of that fire that killed josh powell and his sons. was too much time wasted before police were dispatched? first, though, scott pelley has a preview of tonight's "cbs evening news." >>> confessions of murder made by former members of a militant group. we will tell you about the battle to release the tapes and the american college that is caught up in the middle of the controversy. that's tonight on the "cbs evening news." [ male announcer ] this is lois. the day starts with arthritis pain... a load of new listings... and two pills. after a morning of walk-ups, it's back to more pain, back to more pills. the evening showings bring more pain and more pills. sealing the deal... when, hang on... her doctor recommended aleve. it can relieve pain all day with fewer pills than tylenol. this is lois... who chose two aleve and fewer pills for a day

ashley morrison in new york. thank you. >>> the chicago area is expected to get walloped with a major snowstorm this morning. a saskatchewan screamer is expected to dump up to 7 inches of snow in parts. it's been snowing through the night. this morning's commute is expected to be rough. more than 350 flights have already been canceled at o'hare airport. a winter weather advisory remains in effect through the morning. >>> maryland is the 8th state to legalize same sex marriage. it's on the verge of it. the state senate approved a same sex marriage bill yesterday. a week after the house passed the same bill, governor martin o'malley is expected to sign the bill into law this week. opponents want to challenge the law with a referendum on the november ballot. >>> coming up on the morning news, the suspect in a washington school shooting gets his day in court. the nine-year-old accused in the accidental shooting hears the charges against him as his father issues an apology. you're watching the "cbs morning news." him

ashley morrison has more on that. good morning, ashley. >> good morning, betty. a lot of chatter there. facebook could file papers as early as today for an initial public offering of stock. it will be one of the most anticipated ipo's since google shares started trading back in 2004. facebook is expected to raise as much as $10 billion, which would then value the company at 75 to $100 billion. to give you perspective on what this could mean to investors, when linkedin went public last year, its price per share doubled in the first day of trading. but even if facebook files today, it probably won't start trading for a few more months. >>> checking overseas markets, a mixed day in asia. the nikkei finished higher for a second day in a row, while the hang seng lost about half a percent. >>> it was also a mixed day on wall street. the dow jones slipped 20 points and the nasdaq stayed mostly flat. despite that, still the best january for stocks in 15 years. >>> amazon.com disappointed investors on tuesday. the online retailer reported a 57% drop in quarterly earnings.

ashley morrison has more. good morning. >> good morning, betty. overseas market saw a big rally.ikkei gained more than 1% followed by a strong outlook from toyota. the hang seng finished higher by more than 1.5%. >>> on wall street. the dow jones is inching towards 13,000. it's within 122 points of the mark. the nasdaq added two. >>> greek political leaders will try again today to reach new austerity deal. the measure is needed to secure a $172 billion bailout loan. yesterday, more than 20,000 protesters marched through the streets of athens protesting the talks. a general strike shut down schools, banks and transportation systems. >>> the number of available jobs jumped to nearly a three-year high in december according to the labor department. companies and governments posted 3.38 million jobs in the last month of 2011. that's about a quarter million more jobs than were open in november. another sign of growing confidence in the economy, americans are borrowing and pulling out the plastic more. the federal reserve says consumer borrowing rose more than $19 billion in december. m

cbs "moneywatch," let's go to ashley morrison. has "moneywatch." >> terrell, you're such a prankster. good morning to you, too. overseas markets saw profit. nikkei lost a fraction ending a three-day rally. and the hang seng fell nearly 1%. >>> investors on wall street will get news on the housing market this morning. the ational association of realtors releases the index for january. the markets finished in positive territory. for the week. the dow gained 33 point and is within sight of 13,000, while the nasdaq added 11. >>> there is concern that rising gas prices could slow down the economic recovery. according to aaa, the average cost of a gallon of regular nationwide is now $3.68. compare that to just a month ago when the price was 30 cents cheaper. >>> the federal trial to decide who should pay for the gulf oil spill has been delayed by a week. the judge is allowing bp to work out a settlement with the thousands of businesses and individuals harmed by the disaster. according to a bloomberg report, the settlement could total $1

ashley morrison in new york. >>> to the battle over same sex marriage. new jersey is the latest state where lawmakers approved gay and lesbian marriage. supporters are facing a fight from high-profile governor chris christie. the bill had been approved bit state senate but governor christie wants the issue put to a popular vote. >> i will veto it quickly and then get down to the business of do they care about the issue or the political theater. washington became the seventh state to recognize same sex marriage. it's never been approved in a public referendum. >>> at the united nations the general assembly overwhelmingly voted for a resolution calling on syrian president bashar assad to leave. the resolution charges the syrian government is involved in systematic violations of human rights. syrian government is waging a deadly battle, with opposition groups. they say the opposition is get help from al qaeda. david martin has that part of the story. >> in syria, the arab spring is turning into a nightmare. not only are the forces of president assad killing

ashley morrison is here with more. >>> good morning, betty.t was the moment investors have been waiting for for nearly four years. the dow closed above 13,000 for the first time since may of 2008. a few months before the debts of the recession. the dow added 23 points, inching above 13,000 while the nasdaq gained 20 points. >>> reaction overseas was muted. tokyo's nikkei finished and the flat and the hang seng gained half a percent. >>> steep cuts of public employees salaries and pensions. in greece. it's required for greece to secure a second bailout package. the cutbacks will total $4 billion. >>> eastman kodak is looking to cut off its healthcare benefits for retirees over the age of 65. the bankrupt company says the former employees are now able to receive medicare and by cutting off the benefits will result in more than $20 million a year in savings. >>> the house of representatives is working on a bill to overturn a controversial supreme court ruling on eminent domain. in 2005, the court decided the government could seize private propert

ashley morrison is here with more on that. >> good morning, betty.verseas markets dipped this morning. the nikkei snapped a three-day ral losing. and the hang seng finished a fraction higher. >>> investors are anxious to hear the latest government jobs report. analysts are estimating the economy added around 170,000 jobs last month and that the unemployment rate remains at 8.5%. it was a flat day on wall street. the dow lost 11 points while the nasdaq gained 11. >>> the senate passed the stock act by an overwhelming margin on thursday. the legislation is aimed at preventing members of congress and their staffs from using inside information to make stock deals. only three senators voted against the measure. the house will consider can the bill next week. >>> mortgage rates have once again hit a new low. the average on a 30-year fixed rate is 3.87%. a 15-year fixed is now 3.14. both are at record lows. >>> authorities in the u.s. have indicted switzerland's oldest bank on charges it hid american assets from the irs. the justice department says the comp

. >>> speaking of business, ashley morrison is here with the rest of the business headlines. ning, ashley. >> reporter: good morning betty. checking markets. tokyo's nikkei finished higher. .75 of a percent. the hang seng rose nearly 2%. >>> wall street started february out on a strong note. the dow added 83 points while the nasdaq gained 34. >>> american airlines is looking to eliminate about 13,000 jobs. the cuts would impact maintenance workers, flight attendants and 400 pilots. american is trying to emerge from bankruptcy by slashing labor costs by 20%. the airlines also proposing to end pension plans and to stop paying for retiree health benefits. >>> indiana is now the 23rd state with the right to work law. governor mitch daniels signed the legislation yesterday to the dismay of union employees. the law prohibits employees from collecting mandatory fees from workers. supporters say it will help create more jobs. >>> a california woman took on honda in court and won and now she's trying to get others to do the same and ditch a class action suit against the car maker. the

ashley morrison has that and more. good morning. >> good morning, terrell.olitical leaders are meeting today to reach an austerity deal to stave off bankruptcy. leading members of greece's parliament are a opposed to the plan. the lenders are in charge of bailout. if greece doesn't get the money, it could go bankrupt next month. >>> a mixed day in the markets. hang seng finished lower a quarter percent. >>> positive job numbers gave all street a boost on friday. the dow finished the week up 201 points, it's now at the highest point since 2008 while the nasdaq added 89. >>> the house of representatives will take up the stock act this week. the measure bans members of congress or their staffs from using inside information to make stock deals. the senate overwhelmingly was approved in legislation last week. >>> the giants and patriots weren't the only rivals going head to head during the super bowl. before the game, ford askeden motors not to run this ad that shows chevy drivers surviving an apocalypse while the driver of a ford is not so lucky. it still aired