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Stock Market & Financial Investment News

News Breaks
March 18, 2013
12:30 EDTPM, CIGX, VGR, RAI, MO, LO, BTIMayor Bloomberg targets tobacco in next health push, WSJ reports
New York City's mayor Michael Bloomberg is proposing two new bills in his follow-up to the failed attempt to ban large sugary drinks, and tobacco products are next in his sights, reported The Wall Street Journal. One proposal would force NYC retailers to keep tobacco products out of sight in stores, while the other includes measures to combat cigarette smuggling, the report said. Reference Link
News For PM;CIGX;VGR;RAI;MO;LO;BTI From The Last 14 Days
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September 29, 2014
06:41 EDTBTI, PM, RAI, MO, LOTobacco 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.
10:01 EDTMOOn The Fly: Analyst Upgrade Summary
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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.
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.
07:43 EDTPMPhilip Morris downgraded to Neutral from Buy at BofA/Merrill
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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.
September 22, 2014
07:58 EDTPMPhilip Morris estimates lowered on FX headwinds at Morgan Stanley
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September 19, 2014
09:53 EDTRAIRJ Reynolds Tobacco appoints Debra Crew Chief Commercial Officer
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