Stocks Plunge As Japan Nuclear Crisis Worsens
Stocks plunged Tuesday and bond prices rose as the nuclear crisis in Japan intensified following a deadly earthquake and tsunami. The Dow Jones industrial average fell more than 150 points.
Watch CBS News
Stocks plunged Tuesday and bond prices rose as the nuclear crisis in Japan intensified following a deadly earthquake and tsunami. The Dow Jones industrial average fell more than 150 points.
Gas prices are still hovering near $4 a gallon in Southern California, but oil prices slumped below $98 a barrel Tuesday as traders braced for the worst in Japan, where a third explosion in as many days at an earthquake-damaged nuclear plant triggered a radiation leak.
Money managers have paid more than $180 million to middlemen as a way to gain investment business from the nation's largest public pension fund, and at least some of those costs likely ended up being paid by the fund itself through inflated fees.
The insurance giant fired the comedian after he posted a string of mocking jokes about the disaster in Japan on Twitter over the weekend.
Officials say the full impact of the Japan disaster on the local port economy may take some time to assess, but in the long-term business is likely to rebound strongly on recovery efforts.
Time Warner Cable is launching the first iPad application from a cable or satellite company that plays live TV.
Mounting concerns over the impact of the massive earthquake in Japan are pushing stocks lower in midday trading. The earthquake and tsunami along Japan's northeast coast killed thousands and has raised fears of a slowdown in the world's third-largest economy.
The massive fish die-off in a King Harbor is benefiting a Mojave Desert composting firm that is recycling the stinking haul for use as fertilizer.
Efforts by Gov. Jerry Brown and Democratic lawmakers to court a handful of Republican lawmakers are expected to intensify this week as they seek to compromise on a plan to send a tax vote to the ballot.
Kia Motors is recalling more than 70,000 Optima midsize sedans to fix transmission problems that can cause the cars to roll even while they're in park.
American Airlines is giving up on its move to boost prices $10 on round-trips within the U.S. after other airlines declined to match the increase.
Apple Inc.'s updated version of its iPad tablet computer will be available in stores Friday afternoon but those who can't wait to say they own the gadget can beat the crowds by ordering one online before the sun rises.
Discount store operator 99 Cents Only Stores has received a proposal to take the company private from the company's founding family and investment firm Leonard Green & Partners LP for $19.09 per share.
Exporters in California are setting records, shipping $11.7 billion in merchandise abroad in January, the highest total for that month since at least 1987.
The unemployment rate fell or held steady in 40 states in January, the latest sign that hiring is strengthening throughout the country.
