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Stock Market & Financial Investment News

News Breaks
June 18, 2014
06:41 EDTPM, BTI, JAPAF, ITYBYE.U. regulations aim to track, trace tobacco products, Reuters says
The E.U. is asking tobacco firms Philip Morris (PM) British American Tobacco (BTI), Japan Tobacco (JAPAF) and Imperial Tobacco (ITYBY) to do more to track and trace their products in order to tackle a huge black market and prevent some of the deaths linked to smoking-related diseases, reported Reuters. The legislation takes effect over the next two years, but the large international tobacco companies already use a track and trace system called Codentify and do not want to add an expensive third-party system to their operations. Reference Link
News For PM;BTI;JAPAF;ITYBY From The Last 14 Days
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September 29, 2014
06:41 EDTBTI, PMTobacco companies placing tough warnings on e-cigarettes, NY Times says
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September 26, 2014
10:01 EDTPMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Market Perform from Outperform at FBR Capital... Air France-KLM (AFLYY) downgraded to Underperform from Hold at Jefferies... Beacon Roofing (BECN) downgraded at Longbow... China Unicom (CHU) downgraded to Hold from Buy at Deutsche Bank... Erickson (EAC) downgraded at Stifel... H.B. Fuller (FUL) downgraded to Neutral from Overweight at Piper Jaffray... Philip Morris (PM) downgraded at BofA/Merrill... Seadrill (SDRL) downgraded to Sell from Neutral at Goldman... Starwood Property (STWD) downgraded to Neutral from Buy at Compass Point... Steel Dynamics (STLD) resumed with a Neutral from Buy at Citigroup... Vale (VALE) downgraded to Neutral from Buy at Citigroup.
08:04 EDTPMPhilip Morris downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Philip Morris to Neutral from Buy. The firm downgraded shares based on prolonged dollar strength and lingering economic issues in developed and emerging markets. Price target lowered to $87 from $91.
07:43 EDTPMPhilip Morris downgraded to Neutral from Buy at BofA/Merrill
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September 22, 2014
07:58 EDTPMPhilip Morris estimates lowered on FX headwinds at Morgan Stanley
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