From our wire services
A Food and Drug Administration review concludes that menthol cigarettes likely pose a greater public health risk than regular cigarettes but does not make a recommendation whether to limit or ban the minty smokes - one of the few growth sectors of the shrinking cigarette business.
Uneven corporate earnings news left the stock market mixed. Most major indexes closed slightly lower, except for the Dow Jones industrial average. Yet even there the gain was due to the increase in one stock, United Technologies, which said strong orders for commercial airline parts and elevators helped lift its profit.
Apple earns $7B
Apple's latest quarterly report confirms the iPhone maker's growth has stalled along with its pace of innovation. Apple Inc. earned $6.9 billion, a 22 percent drop from the quarter a year ago but slightly better than analysts had anticipated.
The volunteer counselors of Score will hold a workshop on business recovery from Hurricane Sandy at 4:30 p.m. Thursday at the Carnegie Center of Richard Stockton College, 35 S. Dr. Martin Luther King Blvd., Atlantic City. To register, email firstname.lastname@example.org or call 609-271-8524.
China's leaders have banned the construction of government buildings for five years as another step in a frugality drive that aims to address public anger at corruption. Across China, grand government buildings with oversized offices and fancy lighting have mushroomed in many cities.
Starbucks says it's teaming up with French food and drink company Danone to sell Greek yogurt. The ready-to-eat parfaits will arrive in its U.S. cafes in the spring of 2014, before rolling out to grocery stores in 2015.
Oil data awaited
The price of oil rose 29 cents to close at $107.23 per barrel as the market awaited the latest data on U.S. crude oil and gasoline supplies. At the pump, the average price for a gallon of gasoline held steady at $3.67, up 10 cents from a month ago.
Attorneys for hedge-fund manager Steven A. Cohen are disputing federal civil charges that he failed to prevent insider trading at SAC Capital Advisors, saying he didn't read an email at the center of the allegations. The SEC said Friday that two of Cohen's portfolio managers gave him information in 2008 that suggested they had access to inside data.
Tablets help AT&T
The surge in tablet usage helped AT&T report strong wireless revenue for the latest quarter, but profits declined slightly to $3.8 billion.
The Dallas-based company added 550,000 wireless devices to its contract-based plans, most of them tablets.
RadioShack said Tuesday that its second-quarter loss widened as the struggling electronics retailer works to revamp its stores and product assortment ahead of the crucial holiday season. Although the loss was bigger than analysts expected, revenue beat expectations and the company said it was bringing on consultants to help improve results.