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Centuries-old companies in Japan on the secrets of business longevity

There are old hotels, and then there's Hōshi, in central Japan, which first opened its doors more than 1,300 years ago. Japan boasts tens of thousands of companies at least one century old, including sake-maker Sudo Honke, which has been turning out rice wine since 1141, and is currently run by a 55th generation descendant of the founder. Correspondent Lucy Craft reports on how, in a country that venerates its elders, old companies are on the rise.

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North Korean spy satellite launch fails

North Korea's first attempt at launching a new spy satellite ended in failure earlier Wednesday. It malfunctioned and plunged into the sea shortly after taking off, triggering emergency alerts and brief evacuation warnings in parts of South Korea and Japan. Both countries, as well as the U.S., have condemned the launch as a violation of the U.N. Security Council resolutions. CBS News senior foreign correspondent Elizabeth Palmer has the latest.

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