Wholesale prices biggest jump in 34 years; Lufthansa buys 19% of JetBlue

CBS

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[Music] stocks finished mixed after a spike in wholesale inflation and strong November retail sales made it less likely the FED will cut interest rates again the Dow moved up 44 points while the NASDAQ slipped two wholesale prices saw their biggest jump in 34 years in November thanks to a record spike in Energy prices retail sales unexpectedly surged last month as consumers snapped up deeply discounted Electronics clothing and home related Goods overall sales rose 1.2% up from a poultry 210 of a percent in October JetBlue is on investors radar after the German airline L tansa agreed to buy a 19% stake in the New York based discount carrier for about $300 million shares of JetBlue jumped more than 14% on that news and Goldman Sachs CEO Lloyd blank find could take home as much as $70 million this year that's a record for a Wall Street CEO Goldman Sachs has weathered the credit crisis better than its Wall Street Rivals and its 29,000 employees are expected to profit with Hefty bonuses that's your money watch visit cbsnews.com for more business headlines in New York I'm Alexis christopherus

Five central banks inject $40B; oil surges toward $95

CBS News

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Wall Street is bracing once again from 100 dollar a barrel oil that's after crude prices jumped more than four percent Wednesday to close in on 95 dollars a barrel an unexpected drop in US oil supplies propped up prices but it was the Federal Reserve's plan to help banks whether the credit crisis that drove the surge traders are betting that a move by five central banks to inject forty billion dollars into the banking system will help spur economic growth and that will boost demand for oil that run up in oil prices helped erase nearly all of a 250 point rally for the blue chips in the end the Dow closed up 41 while the nasdaq gained about 19 look for figures later today on november retail sales struggling homeowners are closer to getting some more help from the government the House Judiciary Committee passed a new bill that would let homeowners shrink their mortgage payments in bankruptcy court the bill isn't expected to be taken up by Congress until next year the mortgage industry says if the bill is passed it would force lenders to charge higher rates to offset any balances that had been reduced in court toyota's president is predicting 2008 will be another rough year for the auto industry with little to no growth in sales so far the industry is on track to CEO three percent sales decline for this year thanks to high oil prices and the continued fallout from the housing slump that's your money watch log on to cbsnews.com for more in New York I'm Alexis Christian phorus