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Stock Market & Financial Investment News

News Breaks
December 18, 2012
11:32 EDTBTI, MO, VGR, LO, PM, CIGX, RAICigarette makers fall following reports on EU tobacco directive
Shares of several companies that make cigarettes and other tobacco products are lower after reports detailed a draft of the European Union's Tobacco Products Directive, which is expected to be publicly unveiled on Wednesday. According to EurActiv, the draft revision of EU tobacco rules will propose larger health warnings on cigarette packaging and a total ban on flavorings such as menthol. Citigroup analyst Adam Spielman wrote in a note to investors yesterday that the draft recommends a ban on “special flavours,” citing a report from Europolitics, but it is unclear if this includes menthol, according to Spielman. The Citi analyst said the details of the draft that are being reported are similar to previous leaks but collectively represent "a harsh crackdown on marketing freedoms" for tobacco companies operating in Europe. Spielman added that the directive has not been finalized and some rules, particularly those around snus, may still be opposed and changed. Still, it seems likely that whatever version of the directive is passed will make tobacco industry innovation much harder, according to Spielman, and some volume of certain types of cigarettes may be lost depending on the bans that are implemented. Amid early day strength in the major indices, a number of tobacco names are weak, with Philip Morris (PM) down 0.87% to $86.63, Altria Group (MO) sliding 1.30% to $32.56, Lorillard (LO) falling 2.78% to $115.48 and Reynolds American (RAI) declining 1.84% to $42.09. However, Vector Group (VGR), which is engaged in the manufacture and sale of cigarettes in the United States through its Liggett Group and Vector Tobacco subsidiaries, rose 1% to $15.22.
News For PM;MO;RAI;LO;BTI;CIGX;VGR From The Last 14 Days
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March 2, 2015
09:06 EDTPMUniversal Corporation announces agreement with Philip Morris
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08:04 EDTVGRVector Group reports Q4 adjusted EPS 11c, one estimate 10c
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February 26, 2015
08:59 EDTMO, PMAltria Group backs FY15 adjusted EPS $2.75-$2.80, consensus $2.80
Altria (MO) expects to record a one-time, pre-tax charge against reported earnings in Q1, reflecting the loss on early extinguishment of debt related to the tender offer. The final pre-tax charge will depend upon the pricing and amount of notes purchased in the tender offer. EPS guidance excludes the Charge as well as an approximate 2c per share provision that will be recorded by Philip Morris USA (PM) in Q1.
08:23 EDTRAI, LOLorillard appoints CFO David Taylor as Chief Executive of ITG Brands
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06:23 EDTBTIBAT plans to sue U.K.'s government if 'plain packaging' approved, WSJ reports
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February 25, 2015
09:49 EDTMOPhilip Morris USA reaches agreement to resolve federal Engle progency litigation
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09:39 EDTMO, LO, RAIR.J. Reynolds, other makers reach favorable resolution of Engle progeny cases
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09:31 EDTLOLorillard agrees to resolve federal Engle progency cases
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February 24, 2015
10:12 EDTLOOptions with increasing implied volatility: LO ARIA OWW
09:35 EDTMOActive equity options trading on open
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February 23, 2015
11:55 EDTBTIBAT may buy out Brazilian minority stake for $3B, Bloomberg reports
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10:45 EDTLOOptions with increasing implied volatility
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February 20, 2015
10:49 EDTLOOptions with increasing implied volatility: LO TLM
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February 19, 2015
14:16 EDTLOLorillard increases dividend 7% to 66c
Lorillard announced that its board approved a 7% increase in the quarterly dividend on its common stock to 66c from 61.5c per share. The dividend is payable on March 10 to stockholders of record as of March 2.
February 18, 2015
13:38 EDTPMPhilip Morris reaffirms FY15 EPS view $4.27-$4.37, consensus $4.32
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09:36 EDTMO, PMAltria Group sees shipping e-vapor products for international market in Q1
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09:21 EDTMOAltria Group sees growing long-term adjusted EPS at avg. annual rate of 7%-9%
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07:45 EDTMOAltria Group reaffirms FY15 adjusted EPS view $2.75-$2.80, consensus $2.80
04:55 EDTMOStocks with implied volatility movement; MO ORCL
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February 17, 2015
07:15 EDTRAI, MOConsumer Analyst Group of New York (CAGNY) to hold a conference
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