Dow hits record 13,113; News Corp bids $5B for Wall Street Journal
CBS News
Transcript
[Music] after a one- day rest the Dow Jones Industrial Average resumed its record run the Blue Chip index finished with a gain of 73 points to close it a record 13,113 the NASDAQ was up about six and a half News corp's 5 billion do bid for the publisher of the Wall Street Journal brought out the buyers and revived talk of more takeover activity shares of Dow Jones and Company soared nearly 55% after rert Murdoch The Man Behind The News Corp media Empire made an unsolicited bid for the company but it is far from being a done deal the bankra family which owns a controlling Stak and DOW Jones is said to be opposed to the buyout a mixed bag for us automakers in April Ford suffered the worst with a 133% drop in sales that was dragged down by weak Car Sales General Motors sales skitted 9 and 12% but Chrysler gained ground sales There Rose a surprising 2% thanks to strong demand for its Jeep brand and for the first time in 2 years Asian rival Toyota postered a sales drop of more than 4% that's your money watch click on cbsnews.com for more business headlines in New York I'm Alexis christopherus