October 12, 2007

the S&P 500 rose 0.5% to close at 1,562

1 news clip from this day

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Toy recalls widen over lead; Ford may avoid UAW strike

CBS News

Transcript

[Music] a fresh batch of items made in China are being pulled from store shelves because of excessive lead the products are Disney's Deluxe Winnie the Pooh playsets Brier's Stirrup ornaments and the Lux Wood art set all sold at JC Penney also being recalled bendable dinosaur toys from Kips Brothers princess magnetic travel art set lap desks those were sold at Cracker Barrel and colle able Jeff Gordon mini helmets consumers are advised to discard of these items and contact the manufacturer for a refund two down one to go and experts predict Ford may be able to reach a deal with the United Auto Workers without a costly strike it's after the union granted Chrysler retiree healthc care relief and did not require extensive job guarantees Ford is looking to reduce costs after posting a record loss last year which topped 12 billion on Wall Street Thursday a dramatic reversal of Fortune as the Dow Falls from record highs in the end the Blue Chips lost 63 points while the NASDAQ plunged 39 later today reports on September retail sales and wholesale inflation foreclosures actually dipped in September down 8% from August there were nearly a quarter of a million foreclosure filings last month that is still nearly double the rate for the same time last year as more financially strapped homeowners struggled to make their mortgage payments that's your money watch click on cbsnews.com for more business headlines in New York I'm Alexis christopherus