Business Minute: E-Cig Rules, Apple Makes it Rain & Stocks Dip

Published 04/24 2014 08:45AM

Updated 04/24 2014 08:53AM

Apple Beats 1Q Estimates, Brings in $45.6B
Apple Beats 1Q Estimates, Brings in $45.6B
Time now for your Business Minute!

FDA: E-CIG RULES

The Food and Drug Administration is making another attempt at regulating electronic cigarettes and other tobacco products. The agency is proposing rules that call for strict regulation of electronic cigarettes, cigars, pipe tobacco, nicotine gels, water pipe tobacco and hookahs. Currently, the FDA only has regulatory authority over cigarettes, smokeless tobacco and roll-your-own tobacco.

The recommendations will be finalized following a 75-day public comment period.

APPLE MAKES IT RAIN!

Solid iPhone sales helped apple bring home the cash and beat out forecasters' earnings and revenue expectations. The company posted quarterly revenue of $45.6-billion. That's up nearly $2-billion from this time last year. Apple also unveiled a $30-billion increase to its share buyback program.

STOCKS DIP...

The Dow Jones closes down 12 points on Wednesday to 16,501, the NASDAQ falls 34 points to 4,126, and the S&P 500 closed the day down 4 points to 1,875.

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