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Money Minute: Grasso, Auto Sales, Wal-Mart

Uploaded by: AssociatedPress
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BusinessMoney Minute: Grasso, Auto Sales, Wal-MartMoney Minute: Grasso, Auto Sales, Wal-MartThe Associated PressFord, General Motors and Toyota all posted lackluster sales for June as a sluggish economy and poor sales of trucks and SUV's crimped consumers spending power. (July 1)HEADLINE:Money Minute: Grasso, Auto sales,Wal-Mart---------------------------------------CAPTION: Ford, General Motors and Toyota all posted lackluster sales for June as a sluggish economy and poor sales of trucks and SUV's crimped consumers spending power. (July 1)--------------------------------------- [Notes:ANCHOR VOICE] AP Money MinuteFord, General Motors and Toyota all posted lackluster sales for June as a sluggish economy and poor sales of trucks and SUV's crimped consumers spending power.GM retained its traditional U.S. sales lead, even though its sales dropped 18 percent for the month. Ford.'s sales drop 27.9 percent for the month and Toyota's fell 21.4 percent.----------------------A New York appeals court has ordere
d the remaining state claims of excessive pay dismissed against former New York Stock Exchange Chairman Richard Grasso's $187.5 million compensation package.The court said the attorney general's authority to pursue the claims lapsed when the NYSE changed from nonprofit to a for-profit corporation in 2005. Last week, the state's Court of Appeals dismissed four common law claims against the package. Tuesdays ruling said that seeking to recover money for two remaining claims would simply benefit the NYSE's private owners. ----------------------------------A judge has ruled against Wal-Mart in a class-action lawsuit, saying the retailer violated state labor laws 2 million times by cutting worker break time and forcing employees to work off the clock. Wal-Mart was ordered to pay $6.5 million in compensatory damages, but could end up paying much more after a jury considers civil penalties and punitive damages in October.I'm James Limbach with AP Money Minute(****END****) ANCHOR VOICE:-------------------------VID
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