Industry increases: U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production grew a modest 0.1%, the fifth straight monthly gain, following a 0.2% advance in September and a sizable 0.8 % advance in August, the Federal Reserve announced this morning. Read the full story.
Shorter leash: The U.S. Food and Drug Administration is seeking a nationwide ban on menthol cigarettes, a move that would remove nearly a third of the roughly 250 billion cigarettes sold annually in the country, The Wall Street Journal reports. The action, part of the FDA’s quest to curb teen use of flavored tobacco products, puts the industry into an all-too-familiar spot: defending the minty smokes popular among younger smokers and African-Americans. Read the full story.
Mouse ears: Disney World—and Disney’s global vacation empire—is about to get much, much bigger. With its television business facing significant challenges in the streaming age, and lots of popular movie franchises to put to use, Disney is spending billions to supercharge its theme park division, which has emerged as a surprisingly strong moneymaker, The New York Times reports. Read the full story.