Jobless claims hit 5-year high; Exxon posts record $11.5B profit
CBS
Transcript
the stimulus package did not provide as much of a boost as expected economic growth remains sluggish and unemployment claims jumped to the highest level in five years that put pressure on stocks even lower oil prices couldn't Inspire the markets crude fell more than $2 to $124 a barrel and the price is also coming down at the pump as Americans Drive less gas stations are hungrier for business according to triaa a gallon of regular now costs about 391 Nationwide Exxon Mobile made more than 11.5 billion dollars last quarter it is the biggest profit ever reported by a us Corporation but the company stock was down $3 today investors were expecting even better profits and were disappointed about weaker than expected oil production General Motors says it's getting some nibbles for the Hummer brand sales of the gas guzzlers plummeted this year as car buyers look for more fuel efficient vehicles several foreign automakers are reportedly interested including India's Tata Motors which recently bought Land Rover and Jaguar from Ford and that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus