Congress weighs say-on-pay bill; Dow slips 15 after rally
CBS News
Transcript
[Music] CEOs will be keeping a close eye on Capal Hill today that's where Congress begins discussing a bill that would give shareholders a say in a CEO's salary if the bill becomes law it would give shareholders of public companies a non-binding vote to approve the pay and retirement packages of its Executives on Wall Street investors took a breather following Tuesday's Snapback rally the Dow slipped 15 points the NASDAQ gave back more than 10 refinancers drove mortgage applications up last week as rates fell to their lowest level since late last year the Mortgage Bankers Association says applications Rose more than 7% we'll see if that trend is likely to continue later today when Freddy Mack releases the latest look at mortgage rates government crash test ratings could be in line for an overhaul after 30 years the national highway traffic safety administration says it's considering changes to its five-star crash test program including testing vehicles and crashes at lower speeds and crash avoidance the move comes just ahead of a new law requiring that window stickers on all cars include the nhtsa ratings and the family of Jimmy Hendrick is calling it a sick joke they're suing the maker of Hendrick electric vodka over the use of the guitar Legend's name Hendrick's death in 1970 was tied to alcohol consumption in its defense the Vodka maker says Hendrick's family does not own the right to the Jimmy Hendrick name just to his music that's your money watch log on to cbsnews.com for more business headlines in New York I'm Alexis christopherus