Braking auto sales overseas lower earnings in Detroit

July 29, 2012 4:04 PM

Ford reported its earnings fell 57 percent last quarter driven in part by weak sales overseas. U.S. automakers had been till now one of the strong points of an otherwise weak economy. Business and economics correspondent Rebecca Jarvis spoke with Jeff Glor on what comes next.

Recommended

Therapy dogs help victims in distress
2:03 May 25, 2013

Therapy dogs help victims in distress

Therapy dogs were at the Boston bombings and most recently when the Oklahoma tornado hit. Some say therapy dogs can effectively lower blood pressure and nxiety for victims of disasters and illness. Magalie Laguerre-Wilkinson reports.
Shellfish company ready for first post-Sandy summer
2:37 May 25, 2013

Shellfish company ready for first post-Sandy summer

A shellfish company in Long Beach Island, N.J. has worked hard to recover from superstorm Sandy's impact. Being ready for the summer season is important in a community whose economy centers around the summer season. Jim Axelrod reports.
Tornado victims question whether to stay and rebuild or leave
2:00 May 25, 2013

Tornado victims question whether to stay and rebuild or leave

Many of the Moore, Okla. Tornado victims lost their homes for a second time after a tornado hit the town just 14 years ago. Many of those people now question whether they should stay and rebuild or move on to another place. Vanita Nair reports.
More arrests in connection with London terror attack
2:15 May 25, 2013

More arrests in connection with London terror attack

British police have arrested 3 more suspects in connection with the terror attack that left a British soldier hacked to death on a London street. Charlie D'Agata reports.
Train collision brings down highway overpass
1:39 May 25, 2013

Train collision brings down highway overpass

Two freight trains collided under a highway overpass near the town of Rockview, Missouri, causing it to come crashing down. Two cars were driving over it at the time causing minor injuries. Chip Reid reports.
Cold start to summer season for Sandy-impacted shore towns
2:03 May 25, 2013

Cold start to summer season for Sandy-impacted shore towns

Towns along the Jersey Shore hard hit by superstorm Sandy kicked off the summer season this Memorial Day weekend on a cold and wet note. Terrell Brown reports.
Torrential rains cause record flooding in south Texas
1:03 May 25, 2013

Torrential rains cause record flooding in south Texas

The San Antonio area faces major flooding problems after nearly 10 inches of rain in just a few hours caused the San Antonio River to reach record levels. Gary Cooper of CBS affiliate KENS reports.