Money Minute: CVS Snuffs Out Cigarette Sales; 'House of Cards' Renewed

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A leading retailer snuffs out cigarettes. CVS Caremark (CVS) says it will stop selling cigarettes and all other tobacco products later this year. The company says selling these products is inconsistent with its role as a health care provider. CVS says the move will cut sales by about $2 billion.

A double-dose of good news for "House of Cards" fans. Netflix (NFLX) has renewed the Emmy nominated political thriller for a third season. Netflix releases all 13 episodes of the second season next week.

Don't open your mail. Your brokerage and 401k statements for January will arrive any day now, and the monthly results will be ugly. And then you'll get the utility bill. Whether you use natural gas or electricity, you're likely to be hit with a 10 to 20 percent increase from a year ago. It's all because we've had to run the heat a lot more to battle the frigid temperatures outside.

Tennessee is taking the lead on making higher education available to everyone.
The state's Republican governor, Bill Haslam, has proposed making two years free at community colleges and technical schools in the state.

The Dow Jones industrial average (^DJI) recouped 72 points Tuesday, chipping away at the big losses so far this year. The Nasdaq composite (^IXIC) gained 34 points and the Standard & Poor's 500 index (^GPSC) rose 13.

Puerto Rico could become the next Detroit. No, it's not going to snow in San Juan, but Standard & Poor's has cut the credit rating on the U.S. commonwealth to junk status. Why should you care? Because if you own a muni-bond mutual fund, you almost certainly own bonds issued by Puerto Rico.

The Seattle Seahawks weren't the only big winner in Sunday's Super Bowl. Fox scored record viewership for the big game; sales of Bruno Mars's albums more than doubled after his halftime show; and Las Vegas bookmakers rang up record profits as two out of three bettors put their money on Denver, which got crushed, 43 to 8.

-Produced by Drew Trachtenberg.


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