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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:36 EDTLO, LOLorillard downgraded to Underperform from Buy at CLSA
CLSA downgraded Lorillard citing expectations for a more stringent FDA following the appointment of Mitch Zeller as the head of the FDA's Center for Tobacco Products. The analyst now sees the chance of a menthol ban at 10%-20% vs. 0% previously. Price target lowered to $42 from $49.
News For LO From The Last 14 Days
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April 24, 2014
11:32 EDTLOLorillard 'applauds' proposed FDA regulations for e-cigarettes
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11:07 EDTLOLorillard Q1 revenue of $1.59B includes $455M excise taxes
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11:02 EDTLOLorillard reports Q1 adjusted EPS 69c, consensus 72c
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09:21 EDTLOFDA proposes to extend tobacco authority to e-cigarettes
The FDA proposed a new rule that would extend the agency's tobacco authority to cover additional tobacco products. It stated, "Products that would be 'deemed' to be subject to FDA regulation are those that meet the statutory definition of a tobacco product, including currently unregulated marketed products, such as electronic cigarettes, cigars, pipe tobacco, nicotine gels, waterpipe tobacco, and dissolvables not already under the FDAs authority." Consistent with currently regulated tobacco products, under the proposed rule, makers of newly deemed tobacco products would, among other requirements: Register with the FDA and report product and ingredient listings; Only market new tobacco products after FDA review; Only make direct and implied claims of reduced risk if the FDA confirms that scientific evidence supports the claim and that marketing the product will benefit public health as a whole; and Not distribute free samples. Makers of e-cigarettes include Altria (MO), Reynolds American (RAI) and Lorillard (LO). Reference Link
06:12 EDTLOFDA to impose first federal regulations on e-cigarettes, WSJ reports
The FDA is planning to place the first federal regulations on electronic cigarettes, the Wall Street Journal. The FDA will eventually ban sales of the devices to anyone under 18 and require makers to gain FDA approval for their products, the publication adds. Makers of e-cigarettes include Altria (MO), Reynolds American (RAI) and Lorillard (LO). Reference Link
April 23, 2014
06:53 EDTLOFood & Drug Law Institute to hold a conference
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April 16, 2014
06:48 EDTLOStudy found e-cigarettes promote cancer growth, NY Times reports
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