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News Breaks
June 24, 2014
06:54 EDTRAI, MO, BTI, PM, LOE-cigarettes growth could pose risk to tobacco bonds sooner, Reuters says
The escalating growth of electronic cigarette sales poses an increased but under-appreciated risk to holders of as much as $96B of bonds linked to payments that tobacco companies make to U.S. states from a sweeping legal settlement sixteen years ago, reported Reuters. As smokers switch out traditional cigarettes for tobacco-free e-cigarettes, the smoking rate is falling even quicker and analysts now foresee some bonds could go into default before the end of 2020. Publicly traded companies in tobacco industry include Altria Group (MO), British American Tobacco (BTI), Lorillard (LO), Philip Morris (PM) and Reynolds American (RAI).
News For RAI;MO;BTI;PM;LO From The Last 14 Days
Check below for free stories on RAI;MO;BTI;PM;LO the last two weeks.
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September 16, 2014
07:49 EDTMOBofA/Merrill to hold a conference
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September 10, 2014
16:00 EDTMOOptions Update; September 10, 2014
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05:41 EDTPMPhilip Morris raises dividend by 6.4% to $1.00 per share from 94c per share
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September 8, 2014
08:11 EDTMOAltria Group price target raised to $46 from $43 at Stifel
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September 5, 2014
10:02 EDTPMWipro awarded 5-year contract with Philip Morris
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September 4, 2014
10:30 EDTRAIReynolds American backs FY14 EPS view $3.35-$3.45, consensus $3.38
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10:29 EDTBTIOn The Fly: Analyst Downgrade Summary
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09:46 EDTRAIReynolds says U.S. tobacco industry enviornment remains 'highly competitive'
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05:19 EDTBTIBritish American Tobacco downgraded to Neutral at Exane BNP Paribas
Exane BNP Paribas downgraded British American Tobacco to Neutral from Outperform.
September 3, 2014
16:22 EDTLOLorillard subsidiaries sue Zippo in the UK
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10:32 EDTPMPhilip Morris targeting adjusted EPS annual growth rate of 8%-10%
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08:21 EDTMOAltria Group backs FY14 adjusted EPS view $2.54-$2.59, consensus $2.57
Altria reaffirms its 2014 full-year guidance for both reported and adjusted diluted EPS to be in a range of $2.54-$2.59 ahead of its appearance at the Barclays Back-To-School Consumer Conference.

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