Dow hits record 120-point gain; heating oil bills to jump 22%

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[Music] Wall Street resumed its record run as investors cheered news that the Federal Reserve's decision to cut interest rates last month was a unanimous one. The Dow raced ahead 120 points to a record close, while the Nasdaq moved up 16 1.5 points. Get ready for sticker shock this winter, especially if you heat your home with oil. Heating oil is expected to jump 22% translating into a $320 increase in your heating bill. Natural gas is expected to rise 10%. The culprit, crude oil prices, which are up about 30% in the past year. Kors and Miller are taking on the king of beers. They're combining their brewing operations to better compete against market leader Anheiser Bush. And get ready to pay more for some paper goods at the supermarket. Kimberly Clark will raise prices four to 7% on products including Cottonell and Scott bathroom tissue and Huggies diapers. It blames the price increase on higher raw material and energy costs. And he's back. Radio jock Don Imus is expected to return to the airwaves less than a year after he was fired by CBS radio for racist remarks about the Ruters women's basketball team. Immus will reportedly take over the morning slot at WABC radio. That's your money watch. Log on to cbsnews.com for more. In New York, I'm Alexis Christopherus.

Google stock tops $600; Connecticut sues reinsurer Guy Carpenter

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[Music] a new earning season kicks off today aluminum giant Alcoa gets the ball rolling offering up its financial report card for the third quarter investors will also be watching for the minutes of the federal reserve's latest meeting looking for signs that the FED will cut rates when they meet later this month in their effort to prent a recession on Wall Street Monday stocks finished mix the Dow loss 22 the NASDAQ gain seven keep an eye on Google today shares of the tech giant reached an all-time high Monday and top 600 for the first time some analysts are predicting Google stock will soon hit $700 a share but most put a price Target closer to 610 and Connecticut is taking on the world's second largest reinsurance broker State Attorney General Richard Blumenthal filed suit against New York based guy Carpenter saying it conspired with other reinsurers to fix prices which led to higher rates for consumers Nationwide Insurance companies Buy reinsurance as backup coverage to ensure the risk they assume for customers guy Carpenter denies the allegations it could be a long expensive winner for some homeowners a consumer group is predicting that the cost of home heating oil will be nearly 30% higher than last year homes heated with natural gas are expected to see a much more modest jump in their heating bill that's your money watch log on to cbsnews.com for more in New York I'm Allison Harlan