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Stock Market & Financial Investment News

News Breaks
May 19, 2014
05:38 EDTMO, RAIAltria Group downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Altria Group (MO) to Market Perform saying the company "has the most to lose" as consumption of vapor surpasses consumption of combustible cigarettes over the next decade. Wells keeps a $41-$43 price target range for shares. The firm coupled the downgrade with an upgrade of Reynolds American (RAI).
News For MO;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 31, 2014
13:44 EDTMOBarclays to hold a conference
Back-to-School Consumer Conference to be held in Boston on September 3-5.
August 29, 2014
08:05 EDTRAIReynolds, Lorillard receive additional information requests from FTC
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August 27, 2014
07:28 EDTMO, RAITobacco 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, RAIWHO 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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