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

Mother-to-be was in labor as Oklahoma tornado hit
1:54 May 23, 2013

Mother-to-be was in labor as Oklahoma tornado hit

With a tornado and a baby on the way, doctors and nurses at the Moore Medical Center really had to deliver. Shayla Taylor survived, and her son was born at a hospital a few miles away. Elaine Quijano reports.
Victim of Bangladesh factory collapse shares story
4:28 May 23, 2013

Victim of Bangladesh factory collapse shares story

A teenager who survived the massive Bangladesh factory collapse says she was afraid to go to work the day of the incident. Those who try to improve working conditions face retaliation. Holly Williams reports.
Teacher injured in Okla. tornado takes first steps
1:57 May 23, 2013

Teacher injured in Okla. tornado takes first steps

Jennifer Doan sustained a fractured sternum and spine as she tried to protect her students from the tornado. Doctors feared she'd never walk again, but as Vinita Nair reports, she's proving them wrong.

For information on how to help, click here.
Boy Scout leaders vote to lift ban on gay members
1:48 May 23, 2013

Boy Scout leaders vote to lift ban on gay members

Boy Scouts leaders voted by secret ballot Thursday to remove the ban on openly gay members. While some scouts and leaders protested, surveys show the majority of scouts do not support the ban. Manuel Bojorquez reports.
Resentment over wars may have motivated London terror attack
1:21 May 23, 2013

Resentment over wars may have motivated London terror attack

A brutal terror attack in London on Wednesday was said to be caused by the anti-Western views of the two suspects. Their victim was confirmed to be Lee Rigby, a 25-year-old solider and father of a two-year-old son. Mark Philips reports.
U.S. drone strikes spark anger in Pakistan
1:58 May 23, 2013

U.S. drone strikes spark anger in Pakistan

Pakistan's new prime minister wants to improve relations with the U.S., but he has to answer to angry voters, who resent U.S. drone strikes that have killed over 3,000 people over the last 10 years in Pakistan. Elizabeth Palmer reports.
President Obama defends drone strikes
2:19 May 23, 2013

President Obama defends drone strikes

President Obama delivered a major policy speech outlining a downgrade of the war on terror. He defended drone strikes and urged Congress to close the Guantanamo Bay military prison. Major Garrett reports.