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AC casino take shrinks
Atlantic City&rsquo;s casinos saw their gross operating profits decline by 7.4 percent last year, to just under $495 million. 
New Jersey Division of Gaming Enforcement figures released Wednesday show the 11 casinos operating at the end of last year posted a gross operating profit of $494.9 million. That&rsquo;s down from $534.6 million in 2010. 
It was the latest discouraging news for Atlantic City, which recently lost its status as the nation&rsquo;s No. 2 casino market to Pennsylvania. 
Service sector expanding
U.S. service companies expanded at a healthy pace last month and stepped up hiring, more evidence that the economy is growing and adding jobs. 
The Institute for Supply Management said Wednesday that its index of non-manufacturing activity dropped to 56 in March. That&rsquo;s down from February&rsquo;s 57.3, which was a 12-month high. Any reading above 50 indicates expansion. 
Drug spending flattens
Spending on prescription drugs in the U.S. was nearly flat in 2011 at $320 billion, held down by senior citizens and others reducing use of medicines and other health care and by greater use of cheaper generic pills.
Last year, spending on prescription drugs rose just 0.5 percent after adjusting for inflation and population growth, according to data firm IMS Health. Without those adjustments, spending increased 3.7 percent last year. The volume of prescriptions filled fell about 1 percent.
BMW edges Mercedes
Bayerische Motoren Werke&rsquo;s BMW brand, helped by a redesigned 3 Series sedan and a March sales increase of 18 percent, finished the first quarter with 36 more deliveries than Daimler&rsquo;s Mercedes-Benz in the United States.
Sales gains by both BMW and Mercedes last month indicate the battle to be the top-selling luxury brand in the U.S. will continue through 2012 as inventories and new products arrive in dealerships. 
BMW became the top-selling U.S. luxury auto brand last year after Lexus had held the spot for the previous 11 years.

AC casino take shrinks Atlantic City’s casinos saw their