MarketWatch - Tuesday, August 5, 2014

By CBS News

Published 08/05 2014 06:19AM

Updated 08/05 2014 06:21AM

If you're keeping on top of the markets this morning,  Tuesday, August 5,  2014....

The Nikkei dropped 154 points today in trading in Japan.
The Dow finished up 76 points Monday.
The Nasdaq .added 31.

The U.S. Justice Department is considering a civil lawsuit against General Motors Finance Division. Federal officials issued a  subpoena for documents related to subprime auto loans--or loans made to borrowers with a questionable credit repayment history.

A new casino could soon be going up, where one of Las Vegas's oldest, used to stand.
The 65 year old New Frontier Hotel was imploded in 2007.  It hosted a who's-who of celebrities over the years, including Elvis Presley.
Crown Resorts, which has casinos in Macau and London, plans to start building a new hotel and casino on the site next year.

And it could be a new world record - for a car auction.
A 1962 Ferrari 250 GTO is hitting the auction block next week.
Bonhams Auction House hopes it will exceed the previous record of $30 million for a Mercedes sold last year. Auctioneers say the Ferrari's rarity and beauty make it "a must have" for fine automobile collectors. Only 36 of the cars were made.


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