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Stock Market & Financial Investment News

News Breaks
November 27, 2012
09:07 EDTLOLorillard removed from Most Preferred List at UBS
News For LO From The Last 14 Days
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June 13, 2013
06:47 EDTLOFDA to look to regulate new types of tobacco products, NY Times reports
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June 12, 2013
10:20 EDTLOE-cigarettes to be regulated in U.K. as medicines
The Medicines and Healthcare products Regulatory Agency announced that all nicotine-containing products, such as electronic cigarettes, are to be regulated as medicines in a move to make these products safer and more effective to reduce the harms of smoking. The UK Government has decided that the MHRA will regulate all NCPs as medicines so that people using these products have the confidence that they are safe, are of the right quality and work, according to the regulator.
June 11, 2013
16:38 EDTLOCourt upholds $35M wrongful death ruling against Lorillard
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June 10, 2013
08:07 EDTLOInvestors drawn to e-cigarettes, WSJ reports
An investment group including Silicon Valley entrepreneur Sean Parker is investing $75M for a minority stake in Scottsdale, AZ-based NJOY Inc., one of dozens of e-cigarette companies that have surfaced since 2006, reports the Wall Street Journal. The market for e-cigarettes is also under increasing regulatory scrutiny. Reference Link
June 6, 2013
07:23 EDTLO Altria Group raising list prices on all brands, says UBS
UBS said Altria (MO) announced it is reducing off-invoice promotional allowances and raising list prices 6c on all brands effective June 10. The analyst expects Lorillard (LO) and Reynolds American (RAI) to follow and for the Big 3 to continue to take share from deep discount players.

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