Toy safety talks follow 25M recalls; Dow up 38, Nasdaq 39

CBS News

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[Music] toy industry executives are meeting later today in an effort to hammer out tough new safety measures for toy makers including a rule that would make toy testing mandatory the new rules Come As Congress considers harsh penalties on companies that sell unsafe products more than 25 million toys were recalled this year because of lead paint and design flaws on Wall Street tech stocks led the advance the Dow CL 38 points the NASDAQ Composite meantime rallied 39 later today investors get a look at the latest figures for personal income and spending Apple Fans have one less place to look for reports about new products think secret.com an independent website run by a Harvard student will shut down as part of a settlement with apple the tech giant sued think secret for revealing company Trade Secrets both sides say the site didn't provide the sources of the stories and General Motors newest offering is designed to leave the competition in the dust the 2008 Corvette ZR1 boasts a 600 horsepower v8 engine as you can imagine it's certainly not a gas zipper getting just about 10 mil to the gallon the price tag about $100,000 the souped up muscle car will be introduced at next month's Detroit Auto Show that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus

Consumer spending surges 1%; Dow rallies 205 on Merrill hopes

CBS

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[Music] those holiday deals seem to be paying off for retailers consumer spending surged more than 1% in November the biggest gain in three and a half years and the millions of toy recalls this year aren't stopping parents toy retailers are reportedly seeing sales in line with expectations a recent survey found only 25% of Shoppers were concerned about the recalls while more than 30% had little or no concern on Wall Street a last minute Santa Claus rally stock soared on strong earnings news and word that Marl Lynch may have lined up a big cash infusion to help it through the credit crisis the Dow Jones Industrial Average rallied 205 points while the NASDAQ jumped 51 get ready to Shell out more for movies from Blockbuster it's raising prices up to 40% on its DVD by mail services three different Total Access plans will cost customers anywhere from two to $10 more a month the price hikes take effect next week and that's your money watch visit cbsnews.com for more business headlines in New York I'm Alexis christopherus