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Stock Market & Financial Investment News

News Breaks
February 13, 2013
07:18 EDTLOLorillard comments on agreement to resolve MSA payment adjustment disputes
On December 18, Lorillard Tobacco, along with other participating manufacturers, agreed to a term sheet with 17 states and the District of Columbia and Puerto Rico that resolves disputes under the 1998 Master Settlement Agreement involving payment adjustments relating to nonparticipating manufacturers. The settlement would resolve the claims for the years 2003 through 2012 and would put in place a new method for calculating this adjustment beginning in 2013. If the settlement proceeds and is approved, Lorillard Tobacco expects to receive credits over the next five years totaling at least $196M on its outstanding claims, with the majority of the credits occurring in April 2013 and the remainder over the following four years. As of February 11, 2013, the arbitration panel has not made its ruling with regard to the settlement. No amounts have been included in 2012 results related to this settlement. Certain non-settling states have objected to the request for approval.
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February 26, 2015
08:23 EDTLOLorillard appoints CFO David Taylor as Chief Executive of ITG Brands
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February 25, 2015
09:39 EDTLOR.J. Reynolds, other makers reach favorable resolution of Engle progeny cases
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09:31 EDTLOLorillard agrees to resolve federal Engle progency cases
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February 24, 2015
10:12 EDTLOOptions with increasing implied volatility: LO ARIA OWW
February 23, 2015
10:45 EDTLOOptions with increasing implied volatility
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February 20, 2015
10:49 EDTLOOptions with increasing implied volatility: LO TLM
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February 19, 2015
14:16 EDTLOLorillard increases dividend 7% to 66c
Lorillard announced that its board approved a 7% increase in the quarterly dividend on its common stock to 66c from 61.5c per share. The dividend is payable on March 10 to stockholders of record as of March 2.

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