CNN Money: Top business headlines for May 8

    5:48 AM, May 8, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Wednesday, May 8.

    Dow closes above 15,000
    It was another record-setting day on Wall Street. This time, the Dow closed above 15,000 for the first time ever, hitting 15,056. Investors also pushed the S&P 500 to a new record. The broad index gained 0.5% to end at 1,625.96 The stock euphoria didn't touch the Nasdaq. The tech-heavy index ticked up just 0.1% after wafting on either side of the breakeven line for much of the day.  Stocks have had a remarkable run this year, with all three indexes logging gains of 14% to 15% so far. Corporate earnings dominate: Shares of DirecTV popped, after the company reported better-than-expected earnings. Molson Coors Brewing, meanwhile, reported sales and profits that fell short of forecasts.

    Windows 8 fixes are on the way
    Windows 8 has been a financially successful but rocky transition for Microsoft. The company said Tuesday that it has no regrets about the major changes it made to Windows, but it is working to fix some of its most glaring mistakes. Microsoft has sold 100 million Windows 8 licenses since the launch of the completely redesigned operating system in late October 2012. Windows sales were relatively flat last quarter -- no small achievement during a period in which PC sales were in a tailspin. Still, Microsoft acknowledged that early complaints about Windows 8 are loud and legitimate.

    Toyota to reveal long awaited new Corolla
    Toyota is preparing to unveil the first all-new, completely redesigned version of the Corolla in many years. The Corolla is arguably the world's most popular car. It was introduced in Japan in 1966, coming to the United States two years later. By 2005, Toyota had sold 30 million of them. In the United States, where drivers prefer larger cars, it's the brand's second most popular model after the Camry family sedan.     Toyota has called the Corolla the world's best-selling car, although Ford, with the Focus, has recently laid claim to that title. The Corolla is sold in over 100 different countries.

    Tesla Motors founder and CEO Elon Musk said he's been talking to Google about its self-driving car technology. Musk made what he called "off the cuff" remarks about the talks in an interview with Bloomberg News that Tesla later confirmed. Musk later tweeted that the electric car company is not close to any announcement with Google, despite his interest in the technology.










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