chrysler c.e.o.hionne made the announcement as he stood before a banner reading "paid" at a plant just outside detroit. >> we have received confirmation this morning at 10:13 a.m. from citigroup that chrysler group repaid, with interest, by wire transfer to the united states treasury and by bank transfer to the canadian gornment, every penny that had been loaned less than two years ago. ( applause ) >> brown: the bill came to $7.6 billion-- $5.9 billion repaid to the u.s. government and $1.7 billion to canada. the company financed the repayment with a mixture of bonds, bank loans, and an increased stake from its italian part-owner, fiat. less than two years ago, chrysler had emerged from chapter 11 bankruptcy with a government bailout package that also left it under the management of fiat. ron bloom was part of president obama's auto task force. >> this repayment means that u.s. taxpayers have now recouped more than 100% of the money that president obama invested in the company, and over 85% of all m

chrysler c.e.o. sergio marchionne marks a turning point for the automaker. >> repayment of the government loans closes an important chapter in our history, but we still have a great deal to accomplish to regain our rightful plane in the automotive landscape. >> susie: what cars will drive chrysler's turnaround, and will buyers want them? we ask a top analyst. you're watching "nightly business report" for tuesday, may 24. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening everyone. an important milestone for chrysler today. it repaid $7.5 billion in bailout loans from the u.s. and canadian governments. and tom, for chrysler this is an amazing story about its determination to survive. >> tom: and its ability susie, c.e.o. sergio marchionne marked the payback at a chrysler plant in michigan

speaking in london, the president said that chrysler's achievement was a significant milestone and an that the auto industry is recovering. >> at a factory saved from closure, chrysler's chief executive made it official. the carmaker paid off loans from u.s. and canadian taxpayers. monday that saved it from collapse two years ago. >> we have received confirmation this morning that chrysler repaid with interest by wire transfer to the united states treasury and by bank transfer to the canadian government every penny that had been blown to less than two years ago. -- that had been loaned less than two years ago. >> chrysler has been here before. >> if you can find a better car, buy it. >> today, with the aid of fiat, chrysler is selling more cars. it recently reported its first profit since 2006. for the american government, criticized for its auto industry bail out, it was a moment of satisfaction. >> since gm and chrysler emerged from bankruptcy, the industry has added 115,000 jobs, the fastest pace of job growth in the auto industry since 1990. last year, for the first time in 16 ye

[cheers and applause] >> chrysler has been here before.979 it was led by lee iaccoca, who helped save the company. >> if you can find a better car, buy it. >> today with the aid of fiat, chrysler is selling more cars, and recently they reported their first profit since 2006. >> it happens rarely in life that we're given a second chance. >> and for the american government, criticized for its auto industry bailout, it was a moment of satisfaction. >> since g.m. and chrysler emerged from bankruptcy, the auto industry has added 115,000 jobs,s fastest pace of job growth in the auto industry since the 1990's, and last year for the first time in 16 years the detroit three gained market share against their foreign counterparts. >> this is the motor city. this is what we do. >> once considered a long shot to recover, chrysler, helped by italian carmaker, fiat, is working its way back. stay with us. plenty more to come. you're watching bbc news. 

>>reporter: the move by chrysler that president obama says marks significant chrysler that president obama says marks significant milestone@ >> president obama says chrysler turn around is a true testament to the resolve and determination of american workers. his words. chrysler announced today that it has paid back over 7 billion in government loans that were given to the auto makers to prevent it from collapsing back in 2009 recession took hold. abc karen has more on how chrysler paid back the money and what the company short-term prospect look like. >> it is a great day to be here at sterling heights assembly plant. >>reporter: two years ago the government stepped in to save chrysler from the brink of collapse. now the auto maker finally had something to cheer about. >> we have collectively found the strength to fight against the death sentence placed on our company from the very beginning. >>reporter: chrysler announced on tuesday it has repaid 7.5 billion dollars in loans that it owed to the u.s. and canad canada. the company top brass delivered the news at the sterling heights

>> what a story chrysler is. because a year ago, a lot of the analysts i talked to pretty much had written off chrysler. and it had one good quarter. and it posted a profit it announced today. i think we have to watch how the company does the remainder of the year. that may be a gauge as to high potential buyers are going to view that stock. >> susie: it's an interesting story there. an interesting trend you told us about. thanks so much, diane. >> you're welcome. >> susie: and we've been talking wit diane live from c >> tom: here are the stories in tonight's "n.b.r. newswheel." oil prices ended lower in new york trading, as traders focused on signs of weakening u.s. fuel demand. light sweet crude for june delivery settled down $2.47 to just over $111 a barrel. blue chip stocks ended virtually unchanged as investors dumped energy stocks. the dow added a fraction, the nasdaq lost 22 points, and the s&p 500 off more than 4.5 points. big board volume topped one billion shares, while nasdaq volume climbed to nearly t

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. >>> and chrysler no longer owes uncle sam money. the automaker paid back $6 billion in loans from the government. the repayment was another sign of the automaker's comeback. in 2009, chrysler almost ran out of cash and went into bankruptcy. now the company earned its first profit in five years. >>> well, if you are up at this time of day, night. maybe having your coffee. if you are you are not going to like this bit of news this morning. the price of a pound of ground coffee is now, get ready for this, 40% higher than a year ago. that rise is being blamed on the higher prices coffee companies are paying for their beans. starbuck's announced yesterday it is raising prices on packaged coffee by 17%. i didn't think it was possible that starbuck's prices could be higher. >> amazing. it's expensive. >> okay. >> very pricey. got to do what you got to do. >>> well, it's all over in the ballroom for yet another season. and the winner is -- >> drum roll. the winner is, pittsburgh steelers wide receiver hines ward and professional partner kym

italy's fiat has taken a much bigger stake of chrysler these days and now owns 46% of chrysler. >>> on wall street back home in new york today the dow was down 25 points in today's trading. another break and when we come back tonight from joplin, missouri, we'll show you what happened to the president and first lady overseas today. >>> because we are tracking a lot tonight and because the weather to our west is so important to this vulnerable and exposed area in and around joplin, missouri, we are going to go to weather channel meteorologist mike bettes. you will recall he was the first one to offer television coverage of what happened over the weekend and because he apparently can't get enough of it tonight -- mike, you're in perkins, oklahoma, tonight. what's happening in the skies behind you? >> reporter: we have a tornado warning for our county on the northeast side of oklahoma city. the skies are ominous. we believe a tornado could be headed for stillwater and the university at oklahoma state. we urge everybody to take cover as soon as possible. tornadoes all over the oklahoma met

today, the gigantic rebates and dealer discounts from general motors ford and chrysler are over.omestic cars are more towards the whole price and buyers are paying 30 percent more for a buick. 20% more for a chrysler. the major japanese auto brands like nissan, toyota are offering dealer discounts. why are american cars more ? more options with prices increasing but that price means extra legwork and mouth were, a computer to get the best deal. www.carwoo.com you can get rock-bottom prices without providing identity details and to not having to haggle in person. >>pam: gabe slate's tech report the google development concert with the new music service and the new google kron laptop. what else that was really cool it is the ave rental service to there and write market. and the approval-kron laptop. there a google tablet for their approval- chrome tablet and now android smartphone users can also rent. more details coming up. >>pam: 680-24 interchange headlights north sluggish at walnut creek. also the 24th side is slow. we will be back. >> kimberlee: the race is just a few days away

chrysler's celebration tuesday when it paid back all of the government loans that kept it from shutting down two years ago. >> from that moment forward we took our destiny back in our hands. >> reporter: fiat will take kroll of the auto maker next week. new owner providing new muscle as chrysler turns it's first profit in five years. >>> -- last year improved to nearly 11.5 million. this year's projections are for nearly 13 million units. nice progress but still off historic highs. >> we don't expect to see the industry get back to full levels of 60 million units for several years. >> not until the gridlock of too few jobs and too many foreclosed homes clears. >>> congress remains in formal session this holiday weekend as republicans seek to block president obama making recess appointments of controversial nominees. among them is elizabeth warren. we have more on her stormy week on capitol hill. >> whether it's hidden credit card fees, fraudulent mortgages the consumer protection bureau is to be the new sheufrb looking out for you. the new agency is already controversial. >> we had an a

. >>> chrysler executives celebrated.f all but 2 billion of the $10.5 billion that a received. chrysler says it sold bonds and took out a low interest loan. >>> continued worries about a european debt crisis weighed on wall street. the dow fell 25 points and the nasdaq lost 12. >>> strong demand and tight supply treated to date j.m. smucker announced an 11% price increase. among other things, chinese are drinking more coffee, fueling demand. >>> john fowler tells us how a rebound effect could put the bay area at risk. >> reporter: the same kind of falls devastated japan. new research shows that risks here may be as great. >> this is where i live. i am not going to move. >> reporter: the march 11 japan quake was big because of a rebound effect discovered by a stanford geophysicist. >> it starts out here. >> reporter: it shows slip burst towards japan and then away. the discovery means reevaluating other zones such as northern california. >> there is a possibility of very large earthquakes on them. >> reporter: perhaps bigg

chrysler has paid back $7.6 billion worth of bailout loans to the canadian government and the u.s.the bailout leads to washington which, of course, leads to politics. democrats were quick to spin the news in their favor. a democratic national committee blog praised president obama and said of republicans, quote, good thing mitt romney, tim plenty, newt gingrich and others weren't in charge. they would have simply let detroit go bankrupt, end quote. christine, is it true, did the heroic democrat save chrysler from the evil republicans. >> except some supporters of mitt romney said this is what he had been push forg aing for all a controlled bankruptcy of chrysler. i think it's really interesting too that just a couple of years ago bailouts were a dirty word. and now you have got fighting in, you know, political circles about who gets the credit for the bailouts. >> they just happen to think that this auto one worked out. but you remember at the time it was entirely likely that it wasn't going to happen. >> i would push back a little bit against this sort of he said, she said interpr

chrysler has paid back $7.6 billion worth of bailout loans to the government. the canadian government and the u.s. government. talk about the bailout leads to washington which, of course, leads to politics. democrats were quick to spin the news in their favor. a democratic national committee blog praised president obama instead of republicans, quote, good thing mitt romney, tim pawlenty, newt gingrich and other leading republicans weren't in charge. they would have simply let detroit go bankrupt, end quote. christine, is it true? did the heroic democrats save chrysler from the evil republicans who were going to let them wither on the vine? >> except some supporters of mitt romney were saying, this is what he had pushing for all along, a controlled bankruptcy of chrysler so you could let this whole thing work out. when you have both sides taking credit for it, it's interesting that just a couple of years ago bailouts were a dirty word. now you have fighting in political circles about what gets credit for the bailouts. >> they happen to think this auto one worked

that is the first time chrysler has made money in five years. it made $160 million -- $116 million.e low-cost airlines are merging. southwest has purchased airtran. the combined airlines will make a masai's care that features low fares. some critics were southwest will eventually raised its prices. southwest order flies more domestic passengers than any other airline in america. blackberry is getting bolder with new phones. it looks like osama bin laden is worth more dead than alive to some marketers. jane king has more in the bloomberg business report. death beingn laden's celebrated by more than crowds in the street. thousands of consumers credit souvenirs' had popped up for sale on several sites. you can find anything from t- andrts to coffee mugs even the thongs. the bloomberg maryland index was lower on losses for the under armour. investors tracking oil prices. we will find out if general motors will regain the top spot as the biggest auto maker as toyota struggles with production problems. looking to buy a new honda, they may be harder to get. and it is extending limitations

chrysler is swapping out of government debt with cheaper debt from institutional investors. the repayment plan and the strengthened alliance with fiat are expected to make chrysler more attractive in an initial public offering that should come later this year. the world's biggest economy continues to outperform expectations. german business confidence remained unexpectedly unchanged in the month of may. a booming exports and rising company spending continued to boost economic growth. while most economists had been expecting a decline, the survey held steady. germany's federal statistics office confirmed 1.5% in the first quarter pierre >> of this year, economic growth in germany is being spurred by a solid domestic demand. in previous years, it demand predicted a -- it depended on exports. it is run by 6.2% over the previous year. german companies are also investing again in plants and machinery. 4.2% more than last. -- that last year. the domestic market accounted for two-thirds of gross in the first quarter appeared but in germany may look to its exports again in the mediu

it is not just chrysler.ced that its detroit factory will run three shifts for the first time in its 26- year history. that is 2500 more paying jobs. that is 2500 more paying jobs. in the words of don laforest, it is mind-boggling that we can go from near extinction to full employment in two years. you did not get to hear my rendition. the tone of his voice. it was full of pride. genuine pride. i can tell you he knows and my dad used to say that a job is about a lot more than a paycheck. it is about dignity. it is about respect. i heard the same feeling when i called the jefferson plant in detroit the day chrysler paid back its debt. i talked to a worker named francis. she said her dad had worked on that line before she is now out of work to a half years before she was hired back on the plant. i have this same manner i went to bonneville and son in new hampshire. 85 employees came out and stood out with me. 85 people of whom said had chrysler liquidated, they would not have a job. when president obama and i c

chrysler reported a net profit of $116 million in the 1st quarter. chrysler merged from bankruptcy protection less than two years ago and it hadn't reported a profit since 200 6. >>> for nearly a decade it's the news millions of americans have waited to hear. word of osama bin laden' death came late last night. today we are learning more about the mission that accomplished that goal. an inside look at how navy seal took him down. and from new york, the streets outside the white house, there have been scenes of celebration. so how do you talk to your children tonight and explain to them why people are celebrating a man's death? we will get an answer for you when we come back. >>> there have been so many images celebrating the death of osama bin laden over the last 24 hours. we are going to talk about it right now. it's a difficult subject if you have young chin. joining us now is michael relief. i have a 6-year-old daughter. >> okay. >> so what do you tell a child when you see these pictures all over every network and people are celebrating, chanting

. >>> chrysler says fiat could own 70% of the chrysler group by this time next year. the development in an s.e.c. filing chrysler says that would happen after it pays off its government loans and fiat may acquire the 9% stake in the company currently held by the u.s. government. fiat also announced last month it would pay $1.3 billion to increase its stake in chrysler. >>> and general motors plans to add 400 workers at an ohio assembly plant. gm says workers who had been laid off will be rehired but most of the jobs will be new hires. gm will also spend $260 million to upgrade the toledo plant that now builds transmissions for trucks and small cars. >>> time now 5:52. she cheated death at an elevator shaft. how a woman survived a bizarre crash in a hospital parking garage. >>> plus putting school teachers under arrest as we go on protest against education budget cuts head into a new day. >>> welcome back. a seattle woman lucky to be alive escaping with just minor injuries after crashing her car through a wall and then plunging ten feet down an elevator shaft. this hap

. >>> chrysler almost went bankrupt nearly two years ago and desperately needed government bail outs. today's announcement by the ceo brought cheers by chrysler workers and thanks to the american people. >> we were encouraged by the fact that someone believed in us, and from that moment forward we were able to take our destiny back into our hands. >> reporter: the authority still owns more than 50% of chrysler. >>> more fuel tonight in the fight over gas prices in washington. house republicans are accusing the white house of deliberately raising the cost of energy to build support for alternative energy and green technology. a report released by republicans this week says the epa is putting costly regulations on the oil industry to keep prices high. but the epa says oil production has actually grown in recent years. >> there's as much oil running through refineries or more than 20 years ago. so what is actually happening is that technologically they are becoming less employee intensive and yet able to process more oil. >> house republicans insist the administration is raising the pric

chrysler made tanks. they were the only take manufacturing and it is interesting when chrysler comes out of debt to repay the government loan to come back to help, the main -- maim way they do that is selling off the tank division than putting the money back into the company. you can make the argument that there are instances where the founders would support bailouts but strictly limited to anything that has to do with national defense and national security. this is a no-brainer. now one of the founder supported have the levels of debt and i include hamilton what would the founders say and it gets a bad rap from most conservatives, i don't think hamilton ever intended to have a dead from this magnitude. in his arguments to set up funding and assumption, what he argued is the u.s. needed good credit. not a lot of debt as any parent knows you give your kid a credit card that has a small limit the goal is to have the kid go out and use it and learn to pay off their debts by dealing with small amounts of cred

. >>> chrysler is close to repaying its taxpayer bailout.he automaker has lined up investors to help it refinance the $7.5 billion in loans from the u.s. and canadian governments. details are expected to be released today. last year chrysler paid $1.2 billion on the loans, more than $3 million every day. >>> well, it's the best time in years to sell your car. dealers are paying an average of $11,660 for a used car or truck. that's up almost 30% since december of 2008. the reason -- simple supply and demand. people are holding onto their vehicles for about a year longer than they did before the recession, so supply is tight, and that's driving prices up. >>> ronald mcdonald's is having a mid-life crisis. today the shareholders at mcdonald's will debate the fate of the 48-year-old clown character, the public face of the burger franchise. a number of health advocacy groups want the chain to retire ronald, claiming he encourages kids to eat junk food. mcdonald's would only say it's committed to, quote, being part of the dialogue and the solution

you could have made an argument they would have supported the chrysler of the 1980s but not the chrysler of 1980s. the chrysler made the tanks be in fact they were our own tank manufacturer and it's interesting when chrysler comes out of debt and repays the government loan and kind of comes back to health, the main way they do so is by selling off the tank division and plowing that money back into the company. so i think you can make the argument that there are instances where the founders would support bailouts but they are strictly limited to anything that has to do with national defense and national security. what about debt? this one is a no-brainer, folks. it's a no-brainer. not one of the founders supported heavy levels of debt, and i include hamilton whom i argue and what would the founders say gives a bad rap, gets a bad rap from most conservatives. i don't think hamilton ever intended for the u.s. to have debt of this magnitude. if you read closely hamilton's views in his arguments to set up funding and assumption builds the report and public credit 1791, what he argued was esse

. >>> today is the day chrysler pays off loans from the u.s. and canadian governments and fiat increases its stake in the company. sergio marcioni confirms that. chrysler owes the two governments $7.5 billion. >>> and concerns about the u.s. and european economies worrying overseas investors, tokyo's nikkei average up, hong song's hang seng up slightly higher. on wall street the dow fell 1%. meanwhile the nasdaq index was also down. >> good news. the fbi said crime dropped significantly. that is a surprise. property crime usually goes up during a recession. instead it's continuing to fall. criminal gists covered, describing the trend as remarkable and astonishing. of course they do hope it will continue. >> how many friends you have on facebook may give away how old you are. the study finds that 22-year-old has facebook friends, 50 times as many as young and dad. young adults define "friend" dlif and women have more friends than men do. >> interesting. definitely a younger crowd has more friends. there you go. >> coming up next on tuesday, in c

chrysler group will repay its debts to the u.s. and canadian governments, $7.5 billion, to repay its loans. the company langton, link 10 has the biggest offer so far inferior clinton share price was set of $45 for in the open market. right after the opening bell and six ram, the price nearly doubt doubled to nearly $83 per share. by 8:15 a.m. to shock $215, and by 2:00 p.m. when the market closed, their roads to a steady $94 per share. --it rose. social network is a big thing, people recognize that this is the next big thing, the next big wave. people are using the technology and they're excited about it, tends to drive stock up. >> is the stock market over inflated. ? >> oh yes we're sure there will still be more buyers than there are sellers, but you do one of the cautious. >> and it is a quick check for you, linden is now at $95 per share. california state officials are trying to figure out why california's wealthy population is getting richer. personal income is going up with this group, but not really sure why. personal income

a milestone in chrysler's road back from the bailout that kept it on life support two years ago. more than $7.5 billion in loans from the u.s. and the canadian governments. that still leaves about $2 billion unpaid, but chrysler is now turning a profit for the first time in five years. >>> and, as we mentioned earlier, president obama will be right here in joplin on sunday. but on his trip to europe, he had a very different night tonight, in london with the royals at buckingham palace. and here's jake tapper. >> reporter: in white tie and tails, president obama toasted his hostess at buckingham palace this evening. >> to her majesty the queen, the vitality of the special relationship between our peoples. >> reporter: though the orchestra seemed to start just a tad early. the china dates as far back as 1787, when the two countries were not getting along so swimmingly. but that was then. >> we are here to celebrate the tried, tested and, yes, special relationship between our two countries. >> reporter: it was a welcome fit from a queen -- ♪ face-time with prince charles and the duc

and essentially giving their private property interest to the union interest in chrysler. we had over 3400 pink slips given to dealerships across america by the automobile task force. these are privately owned and held automobile dealerships. the federal government pulled the rug out from under those dealerships and essentially took away their private property interest. that's a gangster government when government makes the decision, as opposed to the free market about who will win and who will not survive. if you are politically connected you survive and if you aren't, you don't. that is a gangster government. >> chris: finally, congresswoman, one last question about, explicitly about the campaign. i'm curious about the fact you're appearing here. you appear in a lot of places. but you are unwilling to go up against your fellow candidates in south carolina at the debate thursday night. do you not feel you are ready for primetime? >> well, i was just on primetime yesterday. and the evening before. i was in new hampshire -- >> chris: but you weren't in a debate with the oth

chrysler has repaid 7.6 billion in loans it received from the u.s.nment and canada. 6 billion from the u.s. government. it has paid most of its bailout money. the u.s. treasury still parked owns 6.6 percent of chrysler. the number of costco members are increasing. the nation's biggest wholesale club has been a top performer during a down economy. earnings of $324 million for the quarter. that is up from three and 6 million a year ago. tickets >>: and national news, and george lauder is going to appear in court for hearings on whether he's competent to stand trial for the shooting that critically wounded congresswoman gabby giffords. this is video from the scene that happened in january. six people were killed in the attack. often spends five weeks getting a mental >>: and brian and david mitchell faces life in prison before conducting an essentially a veteran of elizabeth smart. smart says she plans to be in the courtroom when mitchell is sentenced. >>: a quick break as the kron 4 morning news continues. a lot of look from san jose on this wednesday

i think you've got to have -- you've got fiat working with chrysler.ven -- >> charlie: making it better. >> and making it better. mulally came in and said i'm going to get out of aston-martin and it took the u.s. government, too, quite honestly, to fix detroit. >> charlie: and you approve of that and youhank god they did it? >> i think it would have been -- for living in michigan, as i do, and the number of people that are committed to that industry to see those two companies go down and i'm glad to see they were able to pay back the government -- i can't thank them enough. i think the obama administration, obviously, the people there that made that risk to give general motors the capital they needed and also the same thing at chrysler, i think, was a terrific opportunity to see these businesses -- >> charlie: because it meant jobs for people in detroit. >> i'm talking about hundreds of thousands of jobs, not just in the motorcar companies but all the suppliers and to me what we've seen -- you know, as the byproduct today, these -- these three manufact

and just two years after chrysler corporation emerged from bankruptcy. this is not just chrysler. also this week, g.m. announced that their detroit factory will run six shifts for the first time in the history. that's 2,500 more good-paying job. in the words of don forest, of the uaw, says, it's mind-boggling to go from near extinction to full employment in two years. and what you didn't get was the tone of his voice, it was full of genuine pride. because i can tell you, he knows as my dad used to say, that a job is about more than paycheck, it's about dignity. and i heard that dignity when i called the plant in detroit the day that chrysler paid back their debt. i talked to a worker, who said that her dad had worked on that line before, and she was out of work for 2-1/2 years before hired back to the plant. i got the same sense in new hampshire, 85 employees came out and stood in the lot with me, all who knew and said, had chrysler liquidated and we had not helped them, they wouldn't have had a job. when president obama and i came when president obama and i came in office, we fac

chrysler borrowed almost all of the amount. it raised another $1.3 billion by selling 29% of its stock to fiat. >>> there is word tonight san francisco based zinga a social gaming company is about to launch an initial public offering. all things digital zynga claims to have 260 million players each month. it's titles include farmville and cityville. it's last evaluation was more than $10 billion. >>> new information about a professor from cal state east bay who's arrested in nigeria. we learned that he was released from prison today. the professor had returned to his native country to run for government. >> reporter: ugbah had gone on leave in december to campaign in his homeland for the governmentship. his wife savina says she and her family are worried because the arrest comes after a string of attacks. >> there are all kinds of things over there. being on a hit list, his campaign, his running mate being attacked, maimed. >> reporter: his wife says he filed a fraud campaign. on may 13, ugbah's convoy was attacked, his childho

it says, suvs saved chrysler.t is hardly off the debt cut, but it is refinancing its debt with private rather than public debt holders. the story goes on to say that suvs is what saved chrysler. that compared with this headline on the detroit news website. white house says no more full- size vehicles unless it is essential. let's go back to our phone lines and the question here this morning -- should public schools be charging fees? thomas of democrat and baltimore. caller: people putting down extracurricular activities are wrong. we should let people play in sports and everything. it is very good for their self- esteem and meaning that, as well as the cost of the education. we can spend billions of dollars on israel, our ally, but we cannot send any more to educate our own children in this country? host: this is the front page story of the "new york times," well, it is inside the newspaper. the auto bailout is becoming a political football in 20 to help footballs. -- 2012 politics. democrats also sought to highli

chrysler borrowed almost all of the amount. it raised another $1.3 billion by selling 29% of its stock to fiat. >>> there is word tonight san francisco based zinga a social gaming company is about to launch an initial public offering. all things digital zynga claims to have 260 million players each month. it's titles include farmville and cityville. it's last evaluation was more than $10 billion. >>> new information about a professor from cal state east bay who's arrested in nigeria. we learned that he was released from prison today. the professor had returned to his native country to run for government. >> reporter: ugbah had gone on leave in december to campaign in his homeland for the governmentship. his wife savina says she and her family are worried because the arrest comes after a string of attacks. >> there are all kinds of things over there. being on a hit list, his campaign, his running mate being attacked, maimed. >> reporter: his wife says he filed a fraud campaign. on may 13, ugbah's convoy was attacked, his childho

chrysler turning a profit. of course, not a publicly traded company right now but fiat, the owner, looks to be moving quickly towards a potential initial public offering because of the news. only 116 million for a new company but for a brand that almost went away completely it's construed as positive news. dow up 30 points. have a great day. >>> 11:48 is the time. a sweet cooking lesson. plus, meteorologist tom kiernan back with another check of the forecast. >>> this morning, we continue our series, show me how to do it. a famous dessert, tiramisu. and chef joins us. nice to have you with us. >> thank you. >> you like this dessert so much you named your restaurant after it. >> exactly. it's the heart of the dessert in italy now. it's a positive work. tiramisu means cheer me up, pick me up. >> cheer me up, pick me up. >> we all want to be happy. this make me happy looking at all of this. what's in the recipe. here what happens you're going to need. eight whole eggs, ten ounces of sugar, a upon of mascarpone che