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Stock Market & Financial Investment News

News Breaks
December 19, 2012
06:25 EDTLO, MO, RAIAltria, Reynolds, Lorillard to recoup $1.5B in credits, WSJ reports
Altria (MO), Reynolds (RAI) and Lorillard (LO) are expecting to recoup over $1.5B in credits after reaching agreement with 17 states in a decade-old dispute over payments tied to a landmark tobacco settlement, reports the Wall Street Journal. Reference Link
News For LO;MO;RAI From The Last 14 Days
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September 29, 2014
06:41 EDTLO, MO, RAITobacco companies placing tough warnings on e-cigarettes, NY Times says
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September 26, 2014
10:01 EDTMOOn The Fly: Analyst Upgrade Summary
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08:00 EDTMOAltria Group upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Altria to Buy from Neutral. The firm expects Altria to benefit from steady U.S. fundamentals given and believes it could monetize its beer exposure if AB Inbev acquires SABMiller, which Altria has an investment in. Price target raised to $50 from $44.
07:41 EDTMOAltria Group upgraded to Buy from Neutral at BofA/Merrill
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September 24, 2014
12:12 EDTMOIllinois Supreme Court grants review of the Price case
The Illinois Supreme Court granted review in the Price case to decide whether its 2005 dismissal of that case against Philip Morris USA should remain in place. In April, an intermediate state appellate court overturned a decade-old decision of the Illinois Supreme Court dismissing the Price case. The appellate court further held that, as a result of the case being reopened, the original judgment should be reinstated. That decision remains stayed while on appeal. In 2003, a Madison Circuit Court judge sitting without a jury found that Philip Morris USA had deceived Illinois smokers in purchasing Marlboro Lights and Cambridge Lights cigarettes and imposed a $10.1B judgment. In 2005, the Illinois Supreme Court reversed the judgment in favor of Philip Morris USA.
September 19, 2014
09:53 EDTRAIRJ Reynolds Tobacco appoints Debra Crew Chief Commercial Officer
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September 16, 2014
07:49 EDTMOBofA/Merrill to hold a conference
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