Money Minute: Chrysler, McDonald's, Tobacco

BusinessMoney Minute: Chrysler, McDonald's, TobaccoMoney Minute: Chrysler, McDonald's, TobaccoThe Associated PressChrysler says it will cut 1,000 salaried jobs across the globe by Sept. 30. The AP's Mark Hamrick reports on that and the rest of Wednesday's top business headlines. (July 23)AP Money Minute Blaming the prolonged slump in the U.S. auto industry, Chrysler says it will cut 1,000 salaried jobs across the globe by Sept. 30. The company says most of the cuts will be accomplished through early retirements, attrition and voluntary separation programs. However, Chrysler said involuntary layoffs will be considered if it fails to meet its targets. ---------------------------They're lovin it. Consumers helped bring McDonald's back to profitability. Supersize spending at the hamburger chain brought its quarterly earnings to just under $1.2 billion. The results appeared to ease some concerns that McDonald's will suffer by the slowdown in consumer spending.-------------------------Bill Gates and New York Mayor Michael Bloomberg will pour $375 million into a global effort to cut smoking. The philanthropists, who have a combined worth of more than $70 billion, say the money will help efforts in developing countries where tobacco use is highest. The $250 million from Bloomberg and $125 million from Gates will support projects that raise tobacco taxes, help smokers quit, ban tobacco ads and protect from exposure to second-hand smoke.I'm Mark Hamrick with AP Money Minute(****END****)