This is the cbs evening news with Russ Mitchell. Mitchell and good evening. We begin tonight with a disturbing story story involving a College Football powerhouse. A former long Time Assistant coach for the penn state lions is out on bail tonight after being charged with multiple counts of sexual abuse of underaged boys. Also, two more penn state officials are expected to turn themselves in amid charges of a coverup. Dean reynolds has the story. Jerry sandusky. Reporter for 67yearold Jerry Sandusky a jubilant career at penn state has dwindled to a per walk and prosecution. Jerry is very, very depressed, hes very up set. Hes very distraught about the charges, the allegations. Reporter in a 40 count indictment ending a three year inquiry sandusky is alleged to have targeted at least eight boys for sexual advances or assaults over 15 years. Pennsylvania attorney general linda kelley says this case a sexual predator who used his position within the university and community to repeatedly pr
Ceo of transcanada is here for a fox business exclusive. Even when they say its not it is always about money melissa first lets take a look at the days market headlines. Stocks bit it for the second straight day Senate Majority leader harry reid indicated that little progress has been made in recent fiscal cliff talks. Big surprise there. So youre welcome, investors. The major intoday sees slid on the news and the dow fell 89 points. Shares of Green Mountain coffee are skyrocketing afterhours. The company solidly beat expectations for fiscal Fourth Quarter earnings, pointing to strong sales of its k cup coffee tea packs. Apple reportedly fired the manager behind apple maps. Iphone software has been widely panned for flaws and inaccuracies since its launch back in september. What you really want is an accurate map, so there you go. On to our top story tonight, president obama ups the ante on fiscal cliff pressure meeting with Small Business owners from all walks of live at the white hou
The new route. Ceo of transcanada is here for a fox business exclusive. Even when they say its not it is always about money melissa first lets take a look at the days market headlines. Stocks bit it for the second straight day Senate Majority leader harry reid indicated that little progress has been made in recent fiscal iff talks. Big surprise there. So youre welcome, investors. The major intoday sees slid on the news and the dow fell 89 points. Shares of Green Mountain coffee are skyrocketing afterhours. The company solidly beat expectations for fiscal Fourth Quarter earnings, pointing to strong sales of its k cup coffee tea packs. Apple reportedly fired the manar behind apple maps. Iphone software has been widely panned for flaws and inaccuracies since its launch back in september. What you really want is an accurate map, so there you go. On to our top story tonight, president obama ups the ante on fiscal cliff pressure meeting with Small Business owners from all walks of live at th
Dennis i am dennis kneale. Lori i am lori rothman. Flipping ahead of the all important jobs report. Dennis Spring Cleaning at facebook. We are live at the social media giant headquarters has facebook unveils its new look. Lori president obama steps up. The hopes reuniting talks i installed budget deal. Dennis how to break out of the office grind. We have had some well researched tips on how to stay health happe job. Lori time to check in with nicole celebrating a major milestone with 25,000 hits today. Nicole up one third of 1 . All three major averages have hit, record highs for a certain extent, nasdaq and s p multiyear highs, alltime record intraday highs. They felt their lowest level in more than a month in the week, so that is some good news. Productivity and labor cost basically Shows Americans are working long hours, but extremely productive. Take a look at names of the Dow Jones Industrials actually hitting multiyear highs, names including pfizer, johnson johnson, boeing, jpmor
Melissa i am melissa francis. The commodities are just getting crushed. Oil and gold are down. We have you covered with live reports from the new york stock exccange and the cme, as well. Lori those of you betting that the house will state the industry from steep spending cuts, well, you may be in for a rude awakening. Melissa Robert Dilenschneider on what he calls one of the worst nightmares any corporation could have. Melissa more bang for your buck. How you can cash in. Lets get you checked in on the stock market. Lets head back to the floor of the new york Stock Exchange. Nicole petallides. Nicole we are seeing the dow, nasdaq and s p all to the downside. We are going to try and hit her that unchanged line. Trying to get an up arrow rather than a down arrow. All three of the major averages, none of them are down or then one third of 1 . The major averages are not budging at the moment. Lets just talk about a couple of things. The mix, the fear index, is to the downside. The lowest