the reuters same-store sales index rose almost 3%, slightly less than expected. if you think back-to-school shopping is all about the k-12 crowd, you're wrong. twice as much money is spent on college students, $40 billion a year. college freshman are usually the cash cows, but this year's incoming class plans to spend 20% less than last year's. erika miller looks at why that is, and the implications for retailers. >> reporter: chanel simmons on the left, and her friend symone martin, are this season's v.i.p.'s: very important purchasers. both are college freshmen, the group of students that spend the most on back-to-school items. today they've come to best buy to shop for laptops. how big a priority is a laptop for you? >> everything for me. because i need stuff so i won't be bored in college. i need to listen to music, do my work. >> also, like... typing. essays and stuff. it will make it easier for us. >> reporter: it may surprise you to learn college freshman plan to spend just $280, on average, for all their electronics needs this year. that's a 36% drop from

reuters reports the agency is looking at trades made after the april 20 explosion that started the gulf disaster. >> jeff: still ahead, if you own stock in a public company, the people who sit in these chairs answer to you. we kick off "the rules of the board," a three-part series looking at what to expect from corporate boards. >> susie: included in the energy bill the senate is expected to take up this week is a requirement that natural gas drillers disclose the chemicals they use in their process. the issue has hit a nerve along the marcellus shale, which runs beneath the surface of much of new york, ohio, west virginia and pennsylvania. until recently the gas was hard to get to, but new technology has opened up the opportunity. as stephanie dhue reports, people in the town of hickory, pennsylvania are in the midst of controversy about the environmental impacts of tapping the reserve. >> reporter: stephanie hallowich built a house three years ago on top of a marcellus shale field. she didn't know there was already a contract for the mineral rights under her land. from a ridge above h

. >> a new reuters poll shows that only 45% approve of president obama and the way he's handling theconomy. >>> so how are those new banking rules treating you? scott mcgrew says you may not be saving that much money. >> you're talking about the card act that went into effect monday. that's the credit card accountability and responsibility disclosure act or card act. we've been talking about those and how they change the way your banks can charge you money. the changes are all generally good for consumers, but make no mistake, the head of a major bank, let's say san francisco-based wells fargo is not going to tell its shareholders the company will make less money because of this government act. banks are in the business of making money. so they are going to find other ways. watch for higher annual fees. you may have already noticed a bump in fees for out of network atm use and credit card interest rates are hitting new highs. >>> well, if there's something more dependable than banks wanting to make money, it's apple announcing something new. the latest talk in the blogasphere is that

reuters says g.m. has finished the paperwork and will file with the s.e.c. tomorrow. >> tom: still ahead, deepwater drilling. it faces a rocky future in the u.s., but brazil is counting on big profits from under the sea. >> susie: our guest tonight doesn't think the u.s. economy is headed for another recession, but he's also trimming back on stocks. joining us now, stuart schweitzer, global market strategist at j.p. morgan private bank. hi, stu. >> hey, susie, good to be here. >> so what exactly are you telling your clients to do right now? >> oh, i think number one, susie, not to panic in here. there's a lot of fear and loathing around concerning the u.s. economy, the global economy, the outlook for policy, both monetary policy and from the government. and this is a time to, i think, to stay cool. the economy does not appear to be going back into a renewed recession. we have had a slowdown. the slowdown is continuing. but the economy is not reversing fieldss in our opinion. >> all right, now we are getting alot of economists who are calling for a recession,

by themselves the release just as like you mentioned the release of that terrible assault on the reuters news reporter and other iraqi civilians in april two thousand some people who were murdered in cold blood that created a stir for a little while in the united states but the mass media the corporate media downplayed it this could just be a blip and not a big deal it really depends on what the political forces inside the united states do with this new information the white house wants to make it go away say it's not a big story no big deal but it's up to other people those and there's a growing number of them who oppose the war in afghanistan agr. hold of these documents and say to the american people why are we spending a billion dollars a billion dollars every two or three days for a war without purpose what kind of fact will they have on the u.s. relations with both gabble and islamabad and their relations between islamabad and capitol well i think there are some forces within the united states military who want to take advantage of the document just as some of the pakistanis have s

she's chrystia freeland, global editor at large at thomson reuters. here's the good news about china's emergence as the world's second largest economy-- u.s. business has figured it out. and here's the bad news-- while u.s. companies can go global, most u.s. citizens can't. the result, in this age of globalization, is a growing tension between the interests of america's business leaders and the interests of much of its middle class. indeed, the most important fault line in american politics may not be between democrats and republicans, it is between those businesses and business people who are succeeding in the global economy and those who are not. this clash of values and interests upends our usual ideas of left and right. consider immingrants. c.e.o.'s are less thrilled about the democrat-driven imposition of more regulation and the promise of higher taxes. the irony is that the globalization of american business is surely a good thing- - imagine how much worse things would be if us companies hadn't figured out how to play and win on the world stage

but, reuters says that change could push back g.m.'s i.p.o. filing for a few days, since new management would have to be noted in the paperwork. akerson is the managing director at the private equity firm, the carlyle group, and doesn't have a manufacturing background. he'll be g.m.'s fourth chief executive in less than two years. auto analyst rebecca lindland says the management change shows the company is focused on its finances. >> they feel like they have good people in place that are running the rest of the company, and that have manufacturing and automotive experience, and they've got to get somebody that has an even broader range of experience with wall street doing these kinds of deals, maybe even executing the i.p.o., just really somebody that's very, very comfortable with these kind of financial decisions that need to be made. >> suzanne: the news came as general motors posted a billion- dollar second-quarter profit. that's a stark contrast to this time last year, when the automaker lost nearly $13 billion and slid into bankruptcy. >

reuters reports wal-mart is talking with a russian retailer about a possible buyout. wal-mart isn't commenting. shares was up almost 2% in the weak market today. while wal-mart is the world's biggest retailer with more than 4,100 stores, it does not have any outlets in russia. speaking of russia, sanderson farms is back sending chickens there. while earnings fell in the latest quarter, the mississippi- based company says demand from russia for u.s. chicken has been spectacular. russia banned u.s. poultry in january over how u.s. processors sanitized their chickens. that ban was lifted last week, and russia is okaying u.s. plants to resume sending chicken there. one of sanderson's plants has been o.k.'d. sanderson stock was up 6% on heavy volume. this is a two-week high. the firm also says it has a good appetite for stock buybacks. that may have helped today's performance as well. back to school season is in full swing, but that may not fully explain the buying interest lately in the washington post company. in addition to its namesake newspaper, the company also owns

reuters is also quoting a senior government official as saying india wants to track similar technology used by google and skype. >> welcome back to nightly business report. >> thank you for having. >> me. >> five years post katrina, how would you describe the economy today? >> it's better than we thought it'd be five years ago. the economy is good. we have short-term positives, money coming in from fema and insurance companies and all that. i think the storm is paying a lot of long-term dividends in terms of infrastructure changes and also, for instance, the public schools systems here were dismal. now they've been entirely replaced by charter schools. we have a brand-new mayor. there's a lot of optimism in the air. >> tom: you talked about the short-term money that came in. a lot of that coming from the federal government in the form of emergency management money, almost $6 billion, better than $8.5 billion to the state of louisiana to homeowners in new orleans. as some of the money kind of winds down are the signs you're seeing on the ground self-sustaining for the new orleans' econo

scottish star defeating both rafael nadal and roger federer on his way to successfully defending his reuters cup boston's title into our old home the twenty three year old handed draw for his defeat in the semi's and only farah stood in the way of a second straight title that express however off track after a rain delay in stocks mari to give her a set by seven games to five i was really unsuccessfully from very well down further bad weather interrupted proceedings at various times mari however maintained the necessary concentration during the stoppages to secure his fair moscow sidled and he's only best player. ever in one of them doing so without dropping a set. very difficult. in the first probably should've won a bit easier and managed. to choose is always difficult because he started playing some great tennis but great way to finish the week. now in rugby new zealand just one point away from securing their affair for a try nations title in six years and the all blacks can make it happen instead of this question against south africa both teams have begun training ahead of the big game ne

fire in a baghdad suburb three years ago more than a dozen people were recruited dan including two reuters news staff also two children were wounded the incident was investigated then the u.s. military concluded that the actions of the soldiers were in accordance with the law of armed conflict and its own rules of engagement so while the us military is ok with causing some collateral damage it's when civilians die in the course of action a number of soldiers who were involved in those killings now speak out and say this shouldn't be a norm of warfare you can see in of these and who are we the soldier with the unit that's shown in the video said it hadn't been on one time experience and went elsewhere is to say shooters in his unit were ordered to kill civilians in certain circumstances mccord said the message they got from their commander was if someone in your line gets hit with an improvised explosive device three sixty rotational fire you kill everyone on the street. josh the bears serving the same unit as ethan mccarthy word he refused to talk about the order because it is he said the

new poll shows most americans disapprove of president obama's job performance. 50% of people in the reuters/ipsos poll gave him thumbs down. 45% gave him a positive rating. the poll also shows nearly half of americans support extending all tax cuts that are about to expire. president obama wants to limit those tax cuts to people making less than $200,000 a year. >>> on tuesday john boehner said the president should keep the tax cuts and get rid of timothy geithner and other top economic officials in order to target what he called ongoing economic uncertainty. >> we do not have the luxury of waiting months for the president to pick scapegoats for his failing stimulus policies. we tried 19 months of government as community organizer and it hasn't worked. our fresh start needs to begin now. >> a short time later vice president joe biden said boehner and the republicans want to give help to taxpayers who don't need it. >> what mr. boehner wants to do is extend the tax cut to the remaining 2%. that means going out to have to borrow another $70 billion over the next ten years to give $100,000 tab

thousand volts of electricity if you touch one you most likely be killed just one of the dangers reuters also. risks falling from the train and being crushed but that hasn't deterred these guys they took up the hobby at an early age gave them an unbridled escape from reality. and yet we mostly just ride the trains not pulling any crazy stunts this is just a hobby the guitar adrenaline up. and as if that wasn't there enough maybe even taking to riding the metro just to get their daily kicks to these young men is also become a form of expression and they don't see why this extreme sport is being seen differently to other why the practice pastimes of the people skydive or climb mountains when we ride trains on the outside certainly there's a risk but we plan all our steps we know trains very well where different things you can hold on to are we have certain safety guidelines. they and other adrenaline junkies like them have set up a list of these to avoid injury and even a life of andray myth the activity has had tragic consequences for some but. have not been any tragic accidents in our gr

hilton finally oprah someone said graham told reuters so during the sweet annoying. public royal so i don't kowtow to rebuild her shirt and so i go in her turn in time. in the movie available in the resort and spa. moscow just coming up here on our t.v. but first a look at today's top stories the thai court has ruled that suspect him baron victor boot is to be extradited to the united states russia's foreign minister says the decision is political and that moscow will seek to bring boat back to russia. russia set to start up your brand first nuclear power plant on saturday saying the joint project shows tehran should have access to pensacola tomic energy reactors operations will be controlled by the u.n. says nuclear watchdog and it's expected to be fully operational in about a month. also plans to build a mosque near the site of the nine eleven attacks arse stoking anti muslim feeling among some new yorkers adverts against the proposal of a crude on city buses raising debate over religious freedom and the bye to free speech. as promised next martin andrews delves de

intercontinental the only westlake photo shirts and finally her turn hilton finally oprah some said graham told reuters so during this week tunnelling. books are also going to turn her ability to. her children turn. in the most leaves oh geez available in the resort and spa. watching are to you live from moscow where it's four thirty pm our top stories but the number of drug tests spiking in india human rights activists accuse pharmaceutical companies of using the country's citizens as guinea pigs for illegal experiments. public housing in the us is about to become private provoking criticism of the government and fears that low income families will be stripped of their homes by the business only. and it's fifty years since two dogs from the soviet union became the first living creatures to survive space travel making history and paving the way for future exploration. also friend spector's depart russia after a visit to examine its bid to host one of the next world cups leaving fans and officials alike optimistic about the country's chances. in other news stopping terrorist and stemming the flow of dru

an international survey by reuters finds workers in japan take just a third of the vacation time coming to them. here in the united states, we take about 57%. and the french? they take the most: 89%. 89%. [ female announcer ] think a thick cream is the only way to firm skin? challenge the need for such heavy measures with olay. new regenerist micro-sculpting serum for firmer skin in 5 days. pretty heavy lifting for such a lightweight. [ female announcer ] olay regenerist. but ordinary manual brushes can leave up to 50% of plaque behind. that's why you want an oral-b power brush. inspired by dental tools, they clean away plaque in ways a manual brush can't. fight plaque with oral-b power. i know who works differently than many other allergy medications. hoo? omnaris. [ men ] omnaris -- to the nose! [ man ] did you know nasal symptoms like congestion can be caused by allergic inflammation? omnaris relieves your symptoms by fighting inflammation. side effects may include headache, nosebleed, and sore throat. [ inhales deeply ] i told my allergy symptoms to take a hike. omnaris. ask your do

those countries not to follow russia's example and limiting world grain supplies that's according to reuters citing the bank's managing director now last week drought had rushed to impose a temporary ban on grain exports causing the shop spike in global prices meanwhile the world's number six wheat export or ukraine is facing delays after the new system of customs control came into force floods in india pakistan and china also fueling concerns over food supply the world bank says the new and bongos of the wheat supplies could cause a global food crisis with poor countries. to stop. motion markets finished in the red on tuesday with the r.c.s. shutting one point eight percent of the mines it's losing over one and a half percent energy majors were a drag on both the bourses rosneft was the biggest loser on the buy six down over two percent said one point nine percent of the r.t.s. . more than one hundred thousand people fled moscow by plane on sunday due to heat and small blanketing the city most airlines sold extra tickets for the weekend but worsening weather conditions have led to flight de