report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening, and thanks for joining us. 13,000 is finally back. after trying for days, the dow did it, susie, closing above that number. >> susie: tom, it's the first time the blue-chip average has been above 13,000 in nearly four years. behind today's move: a report that consumer confidence is at its highest point in a year, and a sharp drop in oil prices. the dow gained 23 points to close at 13,005; the s&p 500 was

. >> susie: and tom you have a great week. i'm susie gharib, and we hope to see you all next week. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to

i'm susie gharib, and we hope to see you all next week. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

i'm susie gharib, and we hope to see you all next week. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org test

i'm susie gharib, and we hope to see you all next week. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org 

i'm susie gharib, and we hope to see you all next week. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. after more than a year of negotiations, state attorneys general are close to a deal with the nation's five biggest banks over foreclosure abuses. >> susie: tom, just a few >> susie: that's when bank workers signed off on foreclosures without first checking the documents. bank of america, wells fargo, citigroup, ally financial, and j.p. morgan chase could pay an estimated $25 billion to put robo-signing claims to rest. >> tom: once that happens, what will it mean for a housing market that is still struggling to find a bottom? darren gersh begins our reporting from washington. >> reporter: up to now, most of the efforts to help underwater homeowners have focused on reducing their interest payments. but consumer advocates like ira rheingold hope the robo-signing settlement will focus action on the real problem-- reducing the debt burden for homeowners who owe more t

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. after more than a year of negotiations, state attorneys general are close to a deal with the nation's five biggest banks over foreclosure abuses. >> susie: tom, just a few >> susie: that's when bank workers signed off on foreclosures without first checking the documents. bank of america, wells fargo, citigroup, ally na ancial,nd j.p. morgan chase could pay an estimated $25 billion to put robo-signing claims to rest. >> tom: once that happens, what will it mean for a housing market that is still struggling to find a bottom? darren gersh begins our reporting from washington. >> reporter: up to now, most of the efforts to help underwater homeowners have focused on reducing their interest payments. but consumer advocates like ira rheingold hope the robo-signing settlement will focus action on the real problem-- reducing the debt burden for homeowners who owe more tha

you too, susie. >> susie: good night, tom. i'm susie gharib. good night everyone. we hope to see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. after more than a year of negotiations, state attorneys general are close to a deal with the nation's five biggest banks over foreclosure abuses. >> susie: tom, just a few >> susie: that's when bank workers signed off on foreclosures without first checking the documents. bank of america, wls fargo, citigroup, ally financial, and j.p. morgan chase could pay an estimated $25 billion to put robo-signing claims to rest. >> tom: once that happens, what will it mean for a housing market that is still struggling to find a bottom? darren gersh begins our reporting from washington. >> reporter: up to now, most of the efforts to help underwater homeowners have focused on reducing their interest payments. but consumer advocates like ira rheingold hope the robo-signing settlement will focus action on the real problem-- reducing the debt burden for homeowners who owe more tha

you too, susie. >> susie: good night, tom. i'm susie gharib. good night everyone. we hope to see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

you too, susie. >> susie: good night, tom. i'm susie gharib. good night everyone. we hope to see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org 

i'm susie gharib. good night, everyone, and you, too, tom. >> tom: good night, susie. i'm tom hudson. we'll see you online and back here tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by

i'm susie gharib. good night, everyone, and you, too, tom. >> tom: good night, susie. i'm tom hudson. we'll see you online and back here tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. a reprieve in greece, but the risk has not been removed. european policymakers signed off on a $171 billion aid package for greece early this morning. now, private investors have to approve the deal, susie. >> susie: tom, there are some doubts about getting that approval, but investors here on wall street were relieved that greece will not default on its debt. the news powered u.s. stocks, helping the dow break through the 13,000 level, briefly. but by the closing bell, the rally fizzled-- the dow was up by only 15 points, the nasdaq lost three, and the s&p inched up a point. >> tom: this new agreement to save greece from going bust focuses on getting lenders to forgo loans, and for greece to stick to its budget. this deal is called both ambitious and long-awaited: 130 billion euros-- about $170 billion-- to make sure greece doesn't default next month. it's the s

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. president obama unveiled his 2013 budget today and, for the first time, projects the deficit dropping below $1 trillion. but tom, the budget is far short of the president's promise to cut the deficit in half by the end of his first term. >> tom: there are a few other firsts in the president's budget, susie. among the highlights of the $3.8 trillion plan? the top tax rate on dividends would jump to 40% for upper- income taxpayers. americans making more than $250,000 a year would see higher income taxes, raising $1.5 trillion in revenue for uncle sam. >> susie: given that this is an election year, how much of this is likely to make it into law and what will the year ahead bring? darren gersh takes a look. >> reporter: by now, it's not much of a surprise the president wants to raise some taxes. >> we don't need to be providing additional tax cuts for folks who are doing really, r

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: od evening and thanks for joining us. a reprieve in greece, but the risk has not been removed. european policymakers signed off on a $171 billion aid package for greece early this morning. now, private investors have to approve the deal, susie. >> susie: tom, there are some doubts about getting that approval, but investors here on wall street were relieved that greece will not default on its debt. the news powered u.s. stocks, helping the dow break through the 13,000 level, briefly. but by the clong bell, the ray fizzled-- the dow waup by only 15 points, the nasdaq lost three, and the s&p inched up a point. >> tom: this new agreement to save greece from going bust focuses on getting lenders to forgo loans, and for greece to stick to its budget. this deal is called both ambitious and long-awaited: 130 billion euros-- about $170 billion-- to make sure greece doesn't default next month. it's the second ba

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. president obama unveiled his 2013 budget today and, for the first time, projects the deficit dropping below $1 trillion. but tom, the budget is far short of the president's promise to cut the deficit in half by the end of his first term. >> tom: there are a few other firsts in the president's budget, susie. among the highlights of the $3.8 trillion plan? the top tax rate on dividends would ju% te 40o for upper- income taxpayers. americans making more than40 $250,000 a year would see higher income taxes, raising $1.5 trillion in revenue for uncle sam. >> susie: given that this is an election year, how much of this is likely to make it into law and what will the year ahead bring? darren gersh takes a look. >> reporter: by now, it's not much of a surprise the president wants to raise some taxes. >> we don't need to be providing additional tax cuts for folks who are doing really,

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. one word dominated trading here today at the new york stock exchange: greece. there were new doubts today about greece's austerity plan and new concerns that it could default. tom, european finance ministers said greece needs to make more spending cuts to qualify for bailout loans. >> tom: late today, susie, greece's cabinet okayed a bill that included those cuts. it's set for a vote in parliament sunday. this development came after u.s. stock indices had their worst day of 2012. the s&p 500 and nasdaq broke their five-week winning streaks. the dow tumbled by 89 points, the nasdaq fell 23, and the s&p fell nine. >> susie: more and more americans are beginning to understand how a small country like greece. can have a big impact on europe and the rest of the world. darren gersh reports. >> reporter: it's a pretty common greek expression-- "life is difficult." and political econo

i'm susie gharib. goodnight, everyone, and have a great weekend, you, too, tom. >> tom: good night, susie. i'm tom hudson goodnight everyone. we hope to see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

good night everyone and good night to you too, susie. >> susie: good night tom. i'm susie gharib. good night everyone, we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org vo:geico, committed to providing service to its auto insurance customers for over 70 years. more information on auto insurance at geico.com or 1-800-947-auto any time of the day or night.

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. one word dominated trading here today at the new york stock exchange: greece. there were new doubts today about greece's austerity plan and new concerns that it could default. tom, european finance ministers said greece needs to make more spending cuts to qualify for bailout loans. >> tom: late today, susie, greece's cabinet okayed a bill that included those cu. it's set for a vote in parliament sunday. this development came after u.s. stock indices had their worst day of 2012. the s&p 500 and nasdaq broke their five-week winning streaks. the dow tumbled by 89 points, the nasdaq fell 23, and the s&p fell nine. >> susie: more and more americans are beginning to understand how a small country like greece. can have a big impact on europe and the rest of the world. darren gersh reports. >> reporter: it's a pretty common greek expression-- "life is difficult." and political economi

i'm susie gharib. goodnight, everyone, and have a great weekend, you, too, tom. >> tom: good night, susie. i'm tom hudson goodnight everyone. we hope to see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org 

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening, and thanks for joining us. 13,000 is finally back. after trying for days, the dow did it, susie, closing above that number. >> susie: tom, it's the first time the blue-chip average has been above 13,000 in nearly four years. behind today's move: a report that consumer confidence is at its highest point in a year, and a sharp drop in oil prices. the dow gained 23 points to close at 13,005; the s&p 500 was up 4.5 points, closing at its higher level since june 2008; and the nasdaq added more than 20 points. >> tom: for the nasdaq, that's its highest level in more than 11 years. speculation about the launch of a new apple ipad helped those gains. the tech giant invited journalists today to a march 7th event in san francisco. the invitation shows a finger touching an ipad and says, "we have something you really have to see... and touch." apple shares rallied to a new high of $535.41 a share. apple now has a market value o

i'm susie gharib. goodnight, everyone, and have a great weekend, you, too, tom. >> tom: good night, susie. i'm tom hudson goodnight everyone. we hope to see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org test test

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> tom: good evening, and thanks for joining us. 13,000 is finay back. after trying for days, the dow did it, susie, closing above that number. >> susie: tom, it's the first time the blue-chip average has been above 13,000 in nearly four years. behind today's move: a report that consumer confidence is at its highest point in a year, and a sharp drop in oil prices. the dow gained 23 points to close at 13,005; the s&p 500 was up 4.5 points, closing at its higher level since june 2008; and the nasdaq added more than 20 points. >> tom: for the nasdaq, that's its highest level in more than 11 years. speculation about the launch of a new apple ipad helped those gains. the tech giant invited journalists today to a march 7th event in san francisco. the invitation shows a finger touching an ipad and says, "we have something you really have to see... and touch." apple shares rallied to a new high of $535.41 a share. apple now has a market value of