Gas hits record $3.79; Microsoft-Yahoo talks resume
CBS
Transcript
drivers are seeing record gas prices as we approach the official start to the summer driving season gas prices jumped 17 cents in the last two weeks to a national average of 379 for a gallon of regular many cities across the country have already topped $4 a gallon crude oil closed above $127 a barrel for the first time the White House says President Bush will sign legislation to temporarily halt deposits into the Strategic petroleum Reserve even though he doesn't think it will have a big imp on oil prices and on Wall Street stocks finished mixed the Dow Jones Industrial Average gained 41 points but the NASDAQ lost about 13 Microsoft and Yahoo are back at the bargaining table Microsoft says the two are now talking about a deal for a stake in Yahoo instead of an outright purchase and the housing slump is hurting the bottom line at lows the Home Improvement retailers said first quarter profits dropped 18% Lowe's also lowered its earnings outlook for the year Nintendo is banking on the we fit exercise game it's already a big hit in Europe and Japan and pre-sales in the US are sold out the $90 exercise game offers players everything from yoga to downhill skiing Nintendo stores started selling them today and that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus