Dow rises 69 on HP earnings; Fannie-Freddie bailout fears mount
CBS
Transcript
stocks rebounded late in the day as investors overcame a rise in oil prices and focused on strong earnings from huet Packard in the end the DOW Industrials Rose about 69 points while the NASDAQ Composite added nearly five Financial stocks took a beating again on growing concerns that the government may have to bail out mortgage Giants Fanny May and Freddy Mack United Airlines will become the first major carrier to start charging for meals on international flights the change is set to take effect October 1st and initially will apply only to economy passengers traveling to Europe from United's Hub at dallis international airport near Washington DC in recent months Airlines have added fees for checked bags drinks even pillows to offset a 52% jump and fuel costs and American Airlines is offering internet access on some long hul flights beginning today passengers can pay $12.95 for Wi-Fi on non-stop flights between New York and Los Angeles San Francisco and Miami it makes American the first US carrier to offer full inlight broadband and Olympic champ Michael Phelps swam his way onto a Serial box but it won't be weedies it's going to be Kellogg's the eight-time Gold Medal winner at the Beijing Olympics will Grace boxes of Kellogg's Corn Flakes and Frosted Flakes next month that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus