Nine things you may have missed Tuesday from the world of business

Take a chill pill, Boston: Your snowstorm wasn't that bad. Yes, it made it hard to get to work. Small businesses had a rotten February, the city had a record one-season snowfall, your heating bill was ugly, and we all felt at least a bit depressed. But according to newly released figures, it was the fourth-worst snowstorm on record, in insurance terms. The UK insurance giant Aon says the heaviest storms that blew through in late February cost insurance companies $1.8 billion, with about $1.2 billion of the claims coming from New England. The total economic loss — including things insurance doesn't cover — amounted to $3 billion. The most expensive storm, in March 1993, caused an inflation-adjusted $9 billion in damage. — JACK NEWSHAM

Microsoft Corp., hurt by a $7.5 billion write-down after the purchase of Nokia's handset unit failed to rescue its mobile business, reported its largest-ever quarterly net loss on Tuesday. Including the write-down and restructuring charges, the net loss was $3.2 billion, or 40 cents a share. Microsoft acquired the Nokia phone unit in April 2014 for $9.5 billion, including $1.5 billion in acquired cash. Adding the unit — a deal struck under then-CEO Steve Ballmer — was a flop, and Microsoft's smartphone business continued to lose money. — BLOOMBERG NEWS

Apple Inc.'s iPhone shipments for the most recent quarter and its revenue forecast for the current period both missed analysts' projections, raising questions about whether demand for the smartphone has peaked. Apple's stock fell as much as 8.8 percent in extended trading Tuesday. Apple sold about 47.5 million iPhones, a 35 percent gain, in the period ended in June. Analysts had anticipated 48.8 million. Any indication of slowing demand could spark concern that Apple is going to have a hard time selling more smartphones in the final months of the year, after the September debut of the latest version fueled record profits. The company has declined to give details on sales of its new Apple Watch (left). — BLOOMBERG NEWS

Citizens Financial Group reported second-quarter income of $190 million Tuesday, a 39 percent drop from the same period in 2014 — but that was due in large part to a $180 million lift Citizens got a year earlier from the sale of more than 90 Chicago-area branches. Low
interest rates and challenges to building up its mortgage and wealth management business also weighed on the Providence-based bank's profits. Its parent company, Royal Bank of Scotland, has been selling its shares in Citizens since 2014 and now owns about 41 percent of the US bank. RBS said it will sell additional shares to reduce its stake to 35 percent. — DEIRDRE FERNANDES

TORONTO — BlackBerry Ltd. announced another round of job cuts Tuesday as it deals with weak smartphone sales and pushes ahead with a restructuring plan. The Ontario company declined to disclose how many employees are affected but said some workers were shifted to different roles, while others were laid off. BlackBerry has shed thousands of jobs since it began restructuring its operations under chief executive John Chen, who joined the company in 2013 and has focused on innovation and tightening spending. At the peak of its success, BlackBerry had about 20,000 employees; BlackBerry said it had 6,225 full-time employees worldwide as of Feb. 28. — BLOOMBERG NEWS

Three Puerto Rican guest workers have sued a Western Massachusetts tobacco farm, alleging they were discriminated against, subjected to racist insults, and retaliated against when they complained. Jesus deJesus, Alex Hernandez, and Raul Rivera say they worked at a tobacco farm owned by Thomas McLaughlin through the federal guest worker program for five months in 2013. In a lawsuit filed last week, the three said they were suffered injuries and constant humiliation on the farm. They are seeking unspecified damages. In their complaint, filed in US District Court, the three workers said they were ordered to work through injuries, against a doctor's orders. When complained to authorities, McLaughlin threatened them, they allege. An e-mail and a message left at a number listed for McLaughlin were not immediately responded to on Tuesday. — JACK NEWSHAM

NEW YORK — More than 1,000 security officers, baggage handlers, and wheelchair attendants at LaGuardia and John F. Kennedy international airports in New York City have voted unanimously to strike, starting Wednesday night. The contract workers will walk off the job at JFK's Terminal 7, home to British Airways, United Airlines, and Cathay Pacific Airways, at 10 p.m., potentially causing headaches for thousands of travelers. The strike will continue through July 23 at JFK and LaGuardia, said Amity Paye, a spokeswoman for the Service Employees International Union, Local 32BJ, which seeks to represent the nonunion contract workers. Wages and benefits are at issue. The workers are employed by Aviation Safeguards, a division of Virginia-based Command Security Corp. Most work at Delta Air Lines; others work at British Airways and United, Paye said. The Port Authority of New York and New Jersey, which operates the airports, said it has taken steps to encourage wage and benefit increases for employees of airline contractors. Workers attending a news conference Tuesday said they make $10.10 an hour but seek $15 an hour. The union said the workers' efforts to organize have been met with strong-arm tactics that constitute unfair labor practices, something the company denies. — GLOBE WIRES

Horizon Pharma PLC, a biopharmaceutical company developing treatments for rare diseases, has raised its all-stock offer for Depomed Inc., which has rejected previous bids, to $1.98 billion, or $33 a share, up from $29.25. Horizon sweetened its offer following Depomed's refusal to engage in discussions. Depomed's board "unanimously determined that it was not in the best interests of Depomed or its shareholders to pursue the prior proposal," the target company said July 7, adding that Horizon's offer was barely higher than Depomed's previous 52-week stock-price high of $27.65 in April. — BLOOMBERG NEWS