Money Watch Report
Published Date: 11-04-2009 01:31 PM CT
A new business plan for Chrysler, and Disney is headed to China...but is that a good idea?Here's Ashley Morrison with your Money Watch report.CHRYSLER UNVEILS A NEW FIVE-YEAR BUSINESS PLAN TODAY. THE STRUGGLING AUTOMAKER WILL ROLL OUT A PRODUCT LINE WITH ITS NEW ITALIAN PARTNER, FIAT. IT INCLUDES AN ALFA ROMEO S-U-V AND A SMALLER FIAT 500 THAT'S POPULAR IN EUROPE. MEANWHILE FORD IS REPORTING SALES ROSE 3 PERCENT IN OCTOBER WHILE GM SAW SALES CLIMB NEARLY 5 PERCENT... ITS FIRST MONTHLY INCREASE IN NEARLY TWO YEARS. THE NUMBERS ARE ESPECIALLY ENCOURAGING SINCE THEY DO NOT INCLUDE THE CASH FOR CLUNKERS PROGRAM.DEMOCRATS ARE DEMANDING THAT TOUGHER RULES FOR CREDIT CARD COMPANIES GO INTO EFFECT BY DECEMBER 1ST, INSTEAD MID-FEBRUARY WHICH IS WHAT CONGRESS INIATALLY AGREED UPON. DEMOCRATS SAY LENDERS ARE ABUSING THE GRACE PERIOD BY RAISING INTEREST RATES NOW. THE HOUSE IS SCHEDULED TO VOTE TODAY ON A BILL THAT WOULD LIMIT THE BANKS ABILITY TO RAISE RATES.DISNEY IS HEADED TO CHINA. CHINA'S PLANNING AGENCY HAS APPROVED PLANS FOR A DISNEY THEME PARK IN SHANGHAI. IT WILL INCLUDE A "MAGIC KINGDOM WITH CHARACTERISTICS TAILORED TO THE REGION." DISNEY OPENED A THEME PARK IN HONG KONG 4 YEARS AGO WHICH HAS EXPERIENCED POOR ATTENDENCE, RAISING CONCERNS ON DISNEY'S POTENTIAL FOR SUCCESS IN SHANGHAI.AND IF YOU'RE A T-MOBILE CUSTOMER YOU'RE PROBABLY HOPING FOR A BETTER DAY, TODAY. ABOUT FIVE PERCENT OF THE WIRELESS COMPANY'S CUSTOMERS HAD TROUBLE CALLING AND TEXTING YESTERDAY. HOWEVER,ON TWITTER, T-MOBILE SAYS EVERYONE'S SERVICE HAS NOW BEEN RESTORED.THAT'S YOUR MONEYWATCH, FOR MORE, STAY WITH CBS MONEYWATCH DOT COM."IN NY I'M ASHLEY MORRISON.CLOSES:ASHLEY MORRISONCBS 2 NEWSIN NY ASHLEY MORRISON NEWS 12
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