• Judge: FDA can't use tobacco panel menthol report

    Updated: 15 hr ago

    RICHMOND, Va. (AP) — The Food and Drug Administration can't use an advisory panel's 2011 report on menthol cigarettes because its members had conflicts of interest, a federal judge ruled Monday. While the agency has since conducted an independent review on the public health impact of menthol cigarettes, the ruling could hinder the FDA's ability to defend any future regulation of the minty smokes. U.S. District Court Judge Richard Leon in Washington ordered the FDA on Monday to reconstitute the tobacco panel and barred the agency from using its older report on menthol cigarettes. Cigarette makers Lorillard Inc. and Reynolds American Inc.

  • JetBlue pilot among 6 arrested in Boston drug bust

    Updated: 15 hr ago

    BOSTON (AP) — A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common. Police said John Manwaring, 42, of Maitland, Florida, and a woman with him were charged with heroin possession. Police said Manwaring told them he was a pilot and had arrived in Boston on Sunday. Two men were charged with selling heroin and a third was charged with cocaine possession and trespassing. Another man was also charged with trespassing. Police said investigators had focused on an area near Tremont and Boylston Streets after getting complaints from neighbors, and had made several earlier drug arrests there. Manwaring and the other

  • Yahoo buying app and analytics company Flurry

    Updated: 17 hr ago

    NEW YORK (AP) — Yahoo is buying Flurry Inc., a startup that helps other programmers build better mobile applications and craft marketing campaigns for smartphones and tablets. The deal announced Monday is the latest in a wave of mostly small acquisitions that Yahoo Inc. has made during the two-year reign of CEO Marissa Mayer as the company's tries to attract more traffic on mobile devices. The shopping spree hasn't yet provided Yahoo with the means to boost its revenue growth at a time more advertising is moving to online services. The Sunnyvale, California, company last week disclosed another lackluster performance in the April-June period.

  • Widow: Jury sent tobacco company a $23B message

    Updated: 17 hr ago

    NEW YORK (AP) — A Florida widow awarded $23.6 billion in the death of her chain-smoking husband on Monday called the massive verdict a message to Big Tobacco, even though she likely won't see much if any of the money. The punitive damages — $23,623,718,906.62, to be precise — almost certainly will be significantly reduced on appeal, if not thrown out entirely, legal experts and industry analysts said. In another major tobacco trial, a $28 billion verdict in a 2002 case in Los Angeles turned into $28 million after appeals. The figure is a pointed, dramatic gesture, said Cynthia Robinson, whose husband took up smoking at 13 and died of lung cancer at 36. "It's over. R.J. Reynolds got knocked in the head.

  • Netflix tops 50M subscribers as 2Q earnings soar

    Updated: 17 hr ago

    SAN FRANCISCO (AP) — Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time. The gains announced Monday include an additional 570,000 U.S. subscribers, slightly more than Netflix's management predicted. The quarter is typically the company's slowest of the year, as people spend more time outdoors instead of watching video. Investors applauded the second-quarter results, pushing Netflix's stock up $4.05 to $456 in extended trading. The shares have surged by 23 percent this year, while the Standard & Poor's 500 index has increased 7 percent.

  • Express says Michael Weiss will retire as CEO

    Updated: 17 hr ago

    NEW YORK (AP) — Clothing and accessories chain Express Inc. said Monday that Michael Weiss will retire as CEO on Jan. 30. David Kornberg, the Columbus, Ohio, company's president, will replace Weiss. Weiss was the CEO of Express from 1997 to 2004, and he returned to the company in July 2007. He is also chairman of the company and will become non-executive chairman after he retires as CEO. Kornberg has been Express' president since October 2012. He will join the board of directors when he becomes CEO.

  • Companies file export application for gas project

    Updated: 18 hr ago

    JUNEAU, Alaska (AP) — The companies pursuing a major liquefied natural gas project in Alaska have applied for an export license with the U.S. Department of Energy. Securing the authorization is seen as critical for the viability of the mega-project, which the companies say would be the largest of its kind ever designed and built. The filing was made Friday, but it was announced by the companies on Monday. Participants in the project include BP, ConocoPhillips, Exxon Mobil Corp., TransCanada Corp. and the Alaska Gasline Development Corp. The application requests authorization to export up to 20 million metric tons of liquefied natural gas a year for 30 years. It seeks to export to countries with which the U.S.

  • New Orleans putting smoked butts in a better place

    Updated: 18 hr ago

    NEW ORLEANS (AP) — In New Orleans, discarded butts are being turned into something useful. The first of 50 cigarette butt recycling receptacles was installed at a downtown intersection Monday. Developers of the program say New Orleans is the first U.S. city to participate in a large-scale recycling effort launched in Canada last year. Trenton, New Jersey- based recycling company TerraCycle Inc. developed the program in 2012. The first citywide receptacles were placed in Vancouver, British Columbia, in November 2013. "Globally we have collected 25 million butts since November of 2012," said company spokesman Albe Zakes, adding that the company is in talks with officials in Toronto, Sydney, Tokyo, Phoenix and Atlantic C

  • Beef pollutes more than pork, poultry, study says

    Updated: 18 hr ago

    WASHINGTON (AP) — Raising beef for the American dinner table does far more damage to the environment than producing pork, poultry, eggs or dairy, a new study says. Compared with the other animal proteins, beef produces five times more heat-trapping gases per calorie, puts out six times as much water-polluting nitrogen, takes 11 times more water for irrigation and uses 28 times the land, according to the study, published Monday in the journal Proceedings of the National Academy of Sciences. Cows are not efficient at converting feed to protein for human consumption, said lead author Gidon Eshel, an environmental physics professor at Bard College in New York. Eshel used U.S.

  • Detroit: No water shutoffs for next 15 days

    Updated: 19 hr ago

    DETROIT (AP) — Detroit suspended its aggressive policy of cutting off water to customers with unpaid bills on Monday, the latest response to a controversy that has prompted large protests and caught the attention of the judge overseeing the city's bankruptcy. The city said there will be no shutoffs for the next 15 days. The disclosure was made in bankruptcy court where Judge Steven Rhodes is overseeing the nation's largest ever municipal bankruptcy. He has been encouraging Detroit to come up with alternatives to shutting off water for thousands of homes and businesses. The issue gained national attention last month after activists appealed to the United Nations for assistance.

  • Hatch faults Branstad for nixing $1M solar grant

    Updated: 19 hr ago

    IOWA CITY, Iowa (AP) — Democratic gubernatorial candidate Jack Hatch criticized Gov. Terry Branstad on Monday for giving up a $1 million solar energy grant, saying the governor is letting powerful utility companies write his energy policy. Hatch said that he was concerned by the decision to return the U.S. Department of Energy grant, which was designed to make solar installation projects faster and less expensive through changes to rules related to permits, inspections and connecting to the grid. He said that solar power had tremendous potential, particularly after an Iowa Supreme Court decision this month is expected to lead to more installation projects across the state.

  • US stock slip to start the week; Six Flags sinks

    Updated: 19 hr ago

    NEW YORK (AP) — The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil. European leaders are considering tougher sanctions on Russia for its backing of separatists accused of shooting down a Malaysia Airways passenger plane in Ukraine last week. The European Union's foreign ministers will meet Tuesday to discuss their next steps. In Washington, President Barack Obama demanded that international investigators get full access to the crash site and said the separatists had blocked investigators. "It looks like we hit a speed bump," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

  • Genuine Parts Co. 2Q profit drops 8.6 percent

    Updated: 19 hr ago

    ATLANTA (AP) — Genuine Parts Co. on Monday reported profit that declined by 8.6 percent in its second quarter, and beat analysts' expectations. The Atlanta-based company said earnings dropped to $197.7 million, or $1.28 per share, from $216.4 million, or $1.39 per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.25 per share. The company said revenue rose 6.3 percent to $3.91 billion from $3.68 billion in the same quarter a year earlier, and beat Wall Street forecasts. Analysts expected $3.84 billion, according to Zacks. Shares of Genuine Parts ended trading up 19 cents to $87.38. Shares of the company have risen $4.19 or 5 percent,

  • Ackman says he can prove Herbalife is a 'fraud'

    Updated: 19 hr ago

    NEW YORK (AP) — Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a "fraud." The announcement sent shares of Herbalife down more than 11 percent in trading Monday. Ackman, the head of Pershing Square Capital Management, has been battling Herbalife since 2012, saying that the company is a "pyramid scheme." He alleges that the direct seller makes most of its money from recruiting new salespeople rather than selling its supplements and weight-loss products. Herbalife has denied the charges. Ackman holds a "short" position in Herbalife, which means that he is betting the company's stock will drop. If it does, he will profit from it.

  • Natural gas falls to an 8-month low

    Updated: 19 hr ago

    Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal. The price of natural gas fell 10 cents, or 2.6 percent, to $3.85 per 1,000 cubic feet. That's the lowest since mid-November. Weather analysts expect average temperatures across the U.S. to be lower than normal for the next two to three weeks, which is typically when U.S. temperatures are at their hottest. In the summer natural gas is used to generate electricity, particularly when demand is high and other sources are at full capacity. Other energy-related commodities moved higher Monday. Crude oil rose $1.46, or 1.5 percent, to $104.59 a barrel and wholesale gasoline

  • Arch Coal idles mine complex in Va., Ky.

    Updated: 19 hr ago

    APPALACHIA, Va. (AP) — Arch Coal says it is idling the Cumberland River Coal Company complex in Wise County, Virginia, and Letcher County, Kentucky. Officials said Monday that more than 210 full-time positions are being eliminated by the move. Arch Coal CEO John Eaves says the company is responding to market challenges for metallurgical coal used to make steel. Eaves said the company's strategy is to shift its portfolio toward higher-margin, lower-cost metallurgical coal operations. The mining complex had previously shuttered two contract mines during the second quarter of 2013. Idling the operations will reduce the company's 2014 metallurgical coal sales volumes by about 200,000 tons. Arch Coal now expects to ship be

  • 5 things Atlantic City is doing to reverse slide

    Updated: 19 hr ago

    ATLANTIC CITY, N.J. (AP) — Even before a slew of casino closings hit Atlantic City, gambling operators, government officials and regulators had been working to improve the resort's prospects. Here's a look at five things they're doing: ___ BETTER SELF-PROMOTION As part of a five-year turnaround plan, Gov. Chris Christie and state lawmakers dedicated additional resources to helping the seaside resort. The Atlantic City Alliance is taking the $30 million a year the casinos once paid the state's horse racing industry for keeping slot machines out of New Jersey's racetracks and is instead using it to promote Atlantic City in the region and nationally.

  • A history of casino revenue, jobs in Atlantic City

    Updated: 19 hr ago

    Here is a look at how gambling revenue and employment have changed since casinos launched in Atlantic City in 1978: ___ May 26, 1978: Resorts Atlantic City opens. Casino revenue: $134 million Casino employment: 3,300 ___ June 26, 1979: Caesars Atlantic City opens. Dec. 29, 1979: Bally's Atlantic City opens. Casino revenue: $325 million Casino employment: 11,300 ___ Aug. 13, 1980: Sands Casino Hotel opens. Nov. 23, 1980: Harrah's Atlantic City opens. Dec. 9, 1980: Atlantic City Hilton opens. (It closed January 2014 as the Atlantic Club.) Casino revenue: $642 million Casino employment: 23,500 ___ Nov. 23, 1981: Tropicana Casino and Resort

  • Pain of Atlantic City casino closings far-reaching

    Updated: 19 hr ago

    ATLANTIC CITY, N.J. (AP) — With three more of Atlantic City's 11 casinos threatening to close by September, nearly 8,000 workers and their families will be affected. But the impact of the closings will be felt far beyond their kitchens. Small businesses that sell to the casinos will be hurt, along with the housing market. Atlantic City's local tax burden could shift more onto already-struggling homeowners. And dwindling casino tax payments could result in more cuts to programs that help senior citizens pay for prescription drugs or rides to the doctor's office or grocery store. The Showboat and Trump Plaza say they will close soon, and Revel could join them if a buyer isn't found in a bankruptcy sale next month.

  • Six Flags and Hasbro are big market movers

    Updated: 20 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Six Flags Entertainment Corp., down $1.69 to $39.31 The amusement park operator reported a jump in second-quarter profit, but its revenue fell short of Wall Street expectations. BB&T Corp., down $1.57 to $37.33 The financial services company reported a decline in second-quarter profit, with the results falling short of expectations. CBS Outdoor Americas Inc., up $1.48 to $34.52 The company will buy 1,100 billboards from rival Van Wagner, boosting its position in large cities. EMC Corp., up $1.35 to $28.