ITT fined $100M for China tech sale; Dow sinks 72
CBS News
Transcript
[Music] defense contractor ITT has agreed to pay the government a $100 million fine for selling classified night vision technology to China ITT is the first major contractor convicted of violating the arms export Control Act consumer confidence sank for the first time in five months not good news for home builders like lenar which saw quarterly profits tank 73% that LED stocks lower the Dow tumbled nearly 72 points the NASDAQ gave back 18 the newest space for advertisements Airline tray tables Under Pressure to squeeze out extra dollars wherever they can Airlines have now started using the interior of planes to sell advertising US Airways will begin putting ads on First Class seatback trays on all domestic flights other airlines may follow suit and after several attempts at bringing it back to life Life Magazine will publish it last Edition April 20th life was a popular weekly from 1936 to 73 but several relaunches including the current newspaper supplement just didn't catch on life will live on as a website featuring thousands of photos from its collection that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus