USDA delayed beef recall 18 days; markets wait on jobs data

CBS News

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[Music] investors stuck to the sidelines on Wall Street bracing for tomorrow's September jobs report they're hoping it will strike a balance between steady growth and more room for an interest rate cut from the Federal Reserve in the end the Dow rose Six Points the NASDAQ Composite inched up four more troubling news about this week's massive beef recall the US Department of Agriculture reportedly knew that millions of Frozen hamburger patties could be contamin ated with eoli early last month but it waited 18 days before concluding that tops meet should issue a recall the Food and Drug Administration is looking to speed up the approval of less expensive generic prescription drugs officials unveiled a plan to streamline how the agency processes applications including immediate processing for generic versions of drugs that have lost patent protection and the head of Daimler Chrysler was trying to convince shareholders to change the automaker's name to Simply diimler and not diimler Benz the name it had through much of the 20th century the name change signals a new start for the company after the sale of its us Chrysler division the company CEO says Mercedes-Benz will remain its Flagship luxury brand that's your money watch be sure to log on to cbsnews.com for more in New York I'm Alexis christopherus

Congress votes on mortgage debt relief; Countrywide push

CBS News

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[Music] it's likely to be a case of deja vu for parents as they head to the malls this holiday season analysts are predicting some of the year's hottest toys will be sold out weeks before Christmas struggling retailers are expected to tighten their holiday inventory and extra safety checks being implemented by toy makers could add to the supply crunch on Wall Street investors are bracing for Friday's employment report in the last session the downlo lost 79 points the NASDAQ Composite fell back nearly 18 lawmakers are set to offer some relief to struggling homeowners Congress is scheduled to vote today on a bill that would give tax relief on the unpaid portion of Mortgage Debt to homeowners facing foreclosure the legislation would no longer classified debt that was forgiven in a foreclosure as income and Countrywide Financial is fighting back the mortgage giant will reportedly launch an aggressive new campaign to repair its image following this Summer's subprime mortgage mess it's even hired the public relations firm to coordinate the effort and more bad news for frequent Travelers the airline industry's dismal ontime performance continued in August with nearly 30% of flights delayed the government is considering steps to stem the problems including forcing Airlines to cut flights or making the carriers pay more to fly during Peak Travel periods that's your money watch click on cbsnews.com for more business headlines in New York I'm Alexis christopherus