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NEW YORK (AP) — Stocks have closed slightly lower as a summer slowdown continues on Wall Street. Hershey slumped 11 percent and Mondelez rose 4 after it the Oreo cookie-maker said it would no longer pursue a combination with Hershey. Apple slipped 1 percent after it was hit with a big tax bill in Europe. All told, the Dow fell 48 points, the S&P lost 4 and Nasdaq fell 9. Benchmark U.S. crude oil fell 63 cents to $46.35 a barrel.
ST. LOUIS (AP) — A former Monsanto executive who tipped regulators on the company's accounting practices will get nearly $22.5 million as a whistleblower. The Securities and Exchange Commission says the payout comes out of the $80 million penalty the St. Louis-based company agreed to pay under a settlement with the agency. That agreement resolved allegations that Monsanto misstated its earnings by improperly disclosing the costs of a rebate program for its Roundup weed-killer.
LOS ANGELES (AP) — A judge has dismissed the key claims in a lawsuit alleging that headphone maker Beats Electronics duped one of its early partners before negotiating a $3 billion sale to Apple. The judgment resolves the core of a case that accused Beats co-founders Dr. Dre and Jimmy Iovine of double-crossing former partner Noel Lee, who founded video and audio cable maker Monster LLC. The allegations had been scheduled to go to trial next week. Now the trial will be limited to Beats' effort to force Monster to pay its attorney fees and other costs.
NEW YORK (AP) — Chipotle's latest burrito giveaway is for children. The company is offering free kid's meals on Sundays during the month of September in its latest attempt to lure back customers spooked by a series of food scares. An E. coli outbreak last year sent Chipotle sales plunging. The chain has already given away millions of free burritos this year.
NEW YORK (AP) — Target's chief marketing officer is leaving the company and heading to Uber. Uber says Jeff Jones will be president of ridesharing and responsible for the company's operations, marketing and customer support globally. Jones had joined Target as head of marketing in 2012. His exit follows the departures of other executives who've left the Minneapolis-based company as it struggles to reinvent itself.
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