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Stock Market & Financial Investment News

News Breaks
February 25, 2013
06:06 EDTPM, BTIJapan government to sell 16.6% of its shares in Japan Tobacco, WSJ reports
Japan's government is planning to reduce its stake in Japan Tobacco, potentially raising about $10B to help pay for reconstruction projects related to the March 2011 earthquake and nuclear disaster, reports the Wall Street Journal. The Finance Ministry said it plans to sell 333.33M shares, or 16.6% of its outstanding shares, next month. As a result, the government's stake will fall to about a third of the company from half now. The offer price will be determined between March 11 and March 13. Reference Link
News For PM;BTI From The Last 14 Days
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January 29, 2015
09:21 EDTPMCalifornia regulators call for e-cigarette restrictions, CNBC says
The California Department of Public Health declared Wednesday that electronic cigarettes are a health threat that should be regulated, says CNBC, citing the department's health report. The report claims e-cigarettes cause nicotine addiction and emit carcinogens, and the department is calling for "protections" against accidental nicotine ingestion, funds for an education campaign, and regulations on the sale and marketing of the product. Publicly traded companies in the space include Lorillard (LO), Reynolds American (RAI), Altria (MO), Vector (VGR), and Philip Morris (PM). Reference Link
January 25, 2015
17:53 EDTBTIWorries persist on Reynolds-Lorillard deal getting FTC approval, WSJ says
Shareholders are expected to approve the combination of tobacco companies Reynolds-American (RAI) and Lorillard (LO) this week but the real concern for the deal that will result in a formidable competitor to rival Marlboro maker and market leader Altria Group (MO) is whether the FTC approves of the deal, says the Wall Street Journal. British American Tobacco (BTI), which owns 42% of Reynolds, agreed to vote for the deal which will make the third party to the deal, Imperial Tobacco Group (ITYBY), the No. 3 player in the U.S.,as Imperial agreed to pay $7B for Reynolds’ Winston, Salem and Kool brands and Lorillard’s Maverick cigarette and Blu e-cigarette brands, added the Wall Street Journal report. Reference Link
January 23, 2015
09:36 EDTPMActive equity options trading
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