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Stock Market & Financial Investment News

News Breaks
January 24, 2013
08:13 EDTMO, LO, PM, RAITobacco sector upgraded to Overweight From Market Weight at Wells Fargo
After conducting a survey, Wells Fargo believes that tobacco industry trends are improving. The industry is benefiting from accelerating pricing and easing competition, and tobacco stock valuations are attractive, according to the firm. Wells maintains Outperform ratings on Altria (MO), Lorillard (LO) and Philip Morris (PM), and a Market Perform rating on Reynolds (RAI).
News For MO;LO;PM;RAI From The Last 14 Days
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August 27, 2014
07:28 EDTRAI, MO, LO, PMTobacco giants grab C-store e-cig share as sales shift to 'vape shops,' WSJ says
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August 26, 2014
13:17 EDTMO, PM, RAI, LOWHO calls on countries to restrict e-cigarette use, NY Times says
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12:16 EDTMOCourt rules Philip Morris must protect itself against suit, Bloomberg says
An appeals court ruled that Philip Morris USA, a unit of Altria Group, needs to protect itself against a whistle-blower case regarding military cigarette pricing, according to Bloomberg, citing comments that U.S. Circuit Judge Cornelia wrote for a three-panel judge. The ruling rejects the company's allegation that the case didn't cite new data. Reference Link
August 21, 2014
12:00 EDTMOAltria Group raises quarterly dividend by 8.3% to 52c from 48c
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