Microsoft profits jump 23%; oil hits record $90 a barrel
CBS News
Transcript
[Music] Microsoft could give the markets a boost today the software Giants quarterly profits jumped 23% easily beating wall Street's expectations sales topped 13 billion dollars thanks to strong demand for its Vista operating system on W their late day rally helped the Dow come back from another triple digigit decline in the end the Dow dipped three points while the NASDAQ slid about 24 oil is on investors radar screens tight inventories and word that OPAC will not increase output sent crude soaring $3 to a record high of over $90 a barrel on the calendar today consumer sentiment for October and profit reports from Colgate Palmolive and mortgage giant Countrywide Financial which nearly went bankrupt this summer because of the subprime mortgage mess Vonage has settled its patent dispute with Verizon the internet phone service provider has agreed to pay as much as $120 million this settlement would be cut by about 80 million if a US appeals court agrees to reconsider last month's verdict in Verizon's favor Apple's leopard leaps onto store shelves today reviews say the latest upgrade of the Mac operating system is faster and easier than Microsoft's Vista and experts say the new OS could help boost Apple's already strong sales of the Mac that's your money watch log on to cbsnews.com for more in New York I'm Alexa christopherus