Market Report - Nissan Shares Jump

And in business news today, there are reports that Chrysler is in talks with automaker Nissan-Renault. The U.S. carmaker is looking to restructure after taking $4 billion in government loans.

The news caused Nissan shares to jump.

The weakest of Detroit's Big Three, Chrysler had some contact with Nissan-Renault last year, before a government bailout in December.

Sources say talks have gained momentum and include a deal to sell Chrysler's iconic jeep brand.

Representatives of the automakers and Magna had no comment, while Chrysler's chief said earlier this week it was not preparing for a sale.

Renaults CEO, which owns a controlling stake in Nissan, has repeatedly said he would not consider a cash deal in the current uncertain market.

But industry watchers say Chrysler would be more viable in a tie up with a larger automaker, as the firm plans to ask for another $3 billion to head off a cash crisis.

Chrysler sales fell 30 percent last year and it burnt through $9 billion in the last half of the year.

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