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Stock Market & Financial Investment News

News Breaks
May 29, 2014
15:01 EDTLO, RAIChances for Lorillard, Reynolds deal remain high, says Wells Fargo
Wells Fargo said earlier that it continues to believe that a Lorillard (LO) merger with Reynolds American (RAI) remains very likely. The firm said that during meetings with Lorillard management CEO Murray Kessler wouldn't say much about speculation of a potential deal, but also did not deny the stories and acknowledged that industry consolidation could "absolutely" occur. Wells has Outperform ratings on both Reynolds and Lorillard.
News For LO;RAI From The Last 14 Days
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September 1, 2014
13:29 EDTRAIImperial Tobacco secures $13B in loans to fund asset purchases, Reuters says
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August 29, 2014
08:05 EDTLO, RAIReynolds, Lorillard receive additional information requests from FTC
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August 27, 2014
07:28 EDTRAI, LOTobacco giants grab C-store e-cig share as sales shift to 'vape shops,' WSJ says
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August 26, 2014
13:17 EDTLO, RAIWHO calls on countries to restrict e-cigarette use, NY Times says
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