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New York (AFP) - US stocks were mixed in early trade Thursday following a good report on US durable goods and strong earnings from Apple and some other big companies.
The changes would also apply to other, previously unregulated tobacco products, including cigars, hookahs, nicotine gels, and pipe tobacco, and are aimed in large part at keeping these substances away from young people. "This proposed rule is the latest step in our efforts to make the next generation tobacco-free," said Health and Human Services Secretary Kathleen Sebelius in a press release announcing the reform. The proposal by the US Food and Drug Administration (FDA) would bring these products under the same rules that already apply to traditional cigarettes. And they would be prevented from advertising a lower health risk, compared to traditional cigarettes, unless the FDA confirms scientific evidence backing up the claim.
New York (AFP) - Apple's shareholder-friendly measures including a stock split and an expanded buyback helped lead US shares higher in opening trade Thursday.
Slavyansk (Ukraine) (AFP) - Ukraine's military launched assaults to retake rebel-held eastern towns on Thursday in which up to five people were reported killed, a move Russian President Vladimir Putin warned would have "consequences". The offensive sent international tensions soaring and oil prices up, raising the prospect of Russia making good on its threat of a massive response in the ex-Soviet republic. In Slavyansk, a flashpoint east Ukrainian town held by rebels since mid-April, armoured military vehicles drove past an abandoned roadblock in flames to take up position, AFP reporters saw.
American Airlines Thursday reported a profit in its first full quarter since acquiring US Airways, benefitting from lower fuel costs and a gain from the sale of some airport slots. American, the biggest US airline by revenue, said first-quarter net income was $480 million, compared with a loss of $297 million from the combined year-ago results of American and US Airways. American and US Airways closed their merger in December 2013. The airline also notched $137 million in special credits due mainly to the sale of airport slots at Reagan National Airport in Washington that was mandated by antitrust regulators for approval of the US Airways deal.