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Stock Market & Financial Investment News

News Breaks
July 22, 2014
07:01 EDTMOAltria Group announces new $1B share repurchase program
Altria expects to complete repurchase program by end of 2015.
News For MO From The Last 14 Days
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September 29, 2014
06:41 EDTMOTobacco companies placing tough warnings on e-cigarettes, NY Times says
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September 26, 2014
10:01 EDTMOOn The Fly: Analyst Upgrade Summary
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08:00 EDTMOAltria Group upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Altria to Buy from Neutral. The firm expects Altria to benefit from steady U.S. fundamentals given and believes it could monetize its beer exposure if AB Inbev acquires SABMiller, which Altria has an investment in. Price target raised to $50 from $44.
07:41 EDTMOAltria Group upgraded to Buy from Neutral at BofA/Merrill
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September 24, 2014
12:12 EDTMOIllinois Supreme Court grants review of the Price case
The Illinois Supreme Court granted review in the Price case to decide whether its 2005 dismissal of that case against Philip Morris USA should remain in place. In April, an intermediate state appellate court overturned a decade-old decision of the Illinois Supreme Court dismissing the Price case. The appellate court further held that, as a result of the case being reopened, the original judgment should be reinstated. That decision remains stayed while on appeal. In 2003, a Madison Circuit Court judge sitting without a jury found that Philip Morris USA had deceived Illinois smokers in purchasing Marlboro Lights and Cambridge Lights cigarettes and imposed a $10.1B judgment. In 2005, the Illinois Supreme Court reversed the judgment in favor of Philip Morris USA.

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