CNN Money's Maribel Aber has the latest business and financial news for Tuesday, July 1.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Tuesday, July 1.
The Pulaski County Jail is filled to capacity, prompting it to close its doors once again. Lt. Carl Minden with the Pulaski County Sheriff's Office said the headcount Monday morning was 1,281; the funded capacity for the jail is 1,210. Minden said per Sheriff Doc Holladay, the jail will close Tuesday at noon. The closing affects nonviolent, low-level offenders. This is the second time the jail has had to close this year. It closed in April due to overcrowding issues. The jail reopened June 9.
Two families who lost children to General Motor car crashes say they plan to reject the $1 million-plus compensation offered by the company. Instead, they want to take GM to court. "We want to continue with our civil case against GM (GM) and get at the truth of what happened," said Beth Melton, whose 29-year-old daughter Brooke Melton died in 2010 when her Chevrolet Cobalt spun out of control, hit another car and rolled off the road. "We want to have our day in court," she said.
Thrill seekers love the GoPro camera. And so do risk-taking investors. Shares of GoPro (GPRO) gained more than 13% Monday. The stock has gone up dramatically in its first three days as a public company, surging nearly 70% from its offering price. GoPro went public to much fanfare on Thursday. But is buying the stock at these levels now more dangerous than jumping out of an airplane with a GoPro Hero camera on your head?
As Americans struggle despite a reviving economy, a tough pickup truck straight out of Detroit was named Monday as the leader on Cars.com's American-Made Index. Second place may come as a surprise: Toyota Camry. Although it's made by a Japanese company — and the profits are shipped across the Pacific — the car is made at U.S. plants with mostly U.S. parts.