Cutting cholesterol, a new and promising weapon against the fight of cardiovascular disease and the makers we bind it. The devastating problems General Motors has gotten worse. Gm expects to take a massive 750 Million Dollars charge this quarter for the cost of recalling and repairing 1. 5 million cars with faulty ignition switches. Thats on top of a new recall for 1. 3 million recalls that may see a sudden loss of power steering and another late recall friday of trucks and suvs for potential problems with transmission coolant lines. The cheer checktive mary barra will testify on capitol hill. Late todays her repaired remarks were released and says the auto maker holds itself fully accountable but cant say why it took so long to identify them. With families of the victims expected at tuesdays hearing, look for tense and emotional testimony in the house. Meanwhile, on wall street, gm stock fell nearly 1 . Its down almost 16 this year. Here is eamon javers with a timeline of the troubles
Hillside. Someone started it and its just yards from these homes on bryer wood court. Its scary. Its really scary now. The arsonist is up to it again. Reporter diane castro lives within yards of three of the fires set in dry grass near homes. Possibly the same arsonist set a front door wreath ablaze, then a car inside the garage on trinity court, injuring the homeowner, who declined to be identified. Hopefully catch the person doing it, and it is its a scary thought, very scary thought. Last night, somebody could have been killed with the fires that are going on. We take this very seriously. Were upstaffing our Engine Companies today t. Reporter investigators possibly detected an accelerant at one of the scenes and collected possible evidence in these bags. They declined to elaborate. Police told us a string of 60 novato arson fires in january 2012, two years ago, remains unsolved. They say they are actively investigating now any links and potential suspects. The evidence that was coll
The first time this year. Road map begins with the markets searching for fresh highs. Dow closing in on 17k after logging its first sixday winning streak since december. Last weeks winning sector, utilities, where weve got action today, lead higher again . General electric overcoming the latest hurdles in its bid in france. Lululemons founder, new allies in his fight to shake up the retailers board. More drama more lulu. Stocks looking to make more history. Dows in 53 points of 17,000. Blue chips and s p in the midst of the sixsession winning streak after hitting highs. Nasdaq closing at its highest level in 14 years. S p so far this year, up 6. 2. I was reminded by s p capital last week, last summer it was up 7 . Everybody sort of knowing well close out q2. What kind of stage does it set for the middle of the year . Look the news headlines, out this morning, bullish actist. M and a, utility deal, also existing home sales at 10 00 a. M. To watch. Economists are looking for a gain there
This administration has always been caught offguard by one thing or another, whether it is isis or ebola. It is always caught off guard, and we are always reactive. A lot of these problems happen because we have retreated as a world leader, and when we retreat as a world leader world leader , we leave a vacuum. You can be certain that vacuum will be filled by someone much less benevolent than we are. This is the president to calls the isis at the junior varsity, the president who makes all of his decisions by polling data rather than military information from his military strategists and military leaders on the ground. Isis is continuing to gain strength, and our president is telegraphing to the enemy what we will and will not to. What kind of the military strategy is that . Senator merkely has said nothing, has not held the president accountable, and is just rubberstamp thing these policies. We need safety and security for our children here in the United States. The fourth 30 seconds
Big run into 2015. All that and more tonight on nightly Business Report for friday, october 24th. Good evening, everyone, and welcome, susie gharib has the night off. Well, here is just what you need to hear before you head into the weekend. It was the best week for stocks of the year so far. Okay, so maybe it did not always feel that way but it was, every single one of the ten s p 500 sectors was up for the week led by health care with its best performance in years. Nearly 7 higher. Stylish corporate earnings and a general receding of economic fears get credit for todays gain and the week as well. The dow was up 127 points, the nasdaq added a big 31 points and the s p 500 rose almost 14, for the week now, the dow was up 2. 5 , the nasdaq shot up more than 5 , its best week since december of 2011. And the s p rose 4 . One reason for the dows triple digit gain today, proctor gamble. Shares of the products maker hit an alltime high after the company said it will separate its duracel batt