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NEW YORK (AP) — Stocks have ended a quiet day slightly lower. With little business news and no major economic data to interpret, investors sat on the sidelines waiting for more clues about whether the Federal Reserve might raise interest rates next month. The Dow fell 8 points to 17,493. The S&P 500 fell 4 points to 2,048. And the Nasdaq lost 4 points to 4,765.78. Energy stocks fell along with the price of oil. Benchmark U.S. crude shed 33 cents to about $48 a barrel.
DETROIT (AP) — Toyota is recalling nearly 1.6 million vehicles in the U.S. to replace potentially faulty Takata front passenger air bag inflators. The recall includes Toyota, Scion and Lexus models from the 2006-2011 model years. The U.S. government said earlier this month that it was expanding and accelerating the ongoing recall of Takata air bags. Seventeen automakers — including Toyota — are adding 35 million to 40 million inflators to the nearly 29 million that have already been called back for replacement.
UNDATED (AP) — This year is shaping up to be another busy one for global buyouts. German drug and chemical maker Bayer's $62 billion bid to buy Monsanto would be the sixth-largest cross-border acquisition ever, according to financial markets platform Dealogic. Dealogic says there has been more than $494 billion in cross-border deals already in 2016, the third highest of all time. Last year was the second-biggest year for cross-border deals.
TRENTON, N.J. (AP) — New Jersey lawmakers have agreed on a rescue package to keep Atlantic City from running out of money. Under the deal reached by leaders of the state Assembly and Senate, the city will, among other things, receive a temporary loan of about $60 million and be able to offer all its employees early retirement. The deal for now eliminates the threat of a state takeover.
UNDATED (AP) — Europe's main drug regulator has lifted a 7-year-old warning about possible suicidal risks from Chantix, Pfizer's smoking-cessation pill. The decision comes after New York-based Pfizer performed an 8,000-patient, 16-country study that found users had no elevated risk of suicides, suicide attempts or suicidal thoughts.
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