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Stock Market & Financial Investment News

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
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October 16, 2014
07:07 EDTPMPhilip Morris narrows 2014 adjusted EPS growth outlook to 6.5%-7.5%
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07:04 EDTPMPhilip Morris reports adjusted Q3 EPS $1.39, consensus $1.33
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October 15, 2014
15:28 EDTPMNotable companies reporting before tomorrow's open
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October 14, 2014
14:01 EDTPMPhilip Morris October volatility elevated into Q3 and guidance
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October 10, 2014
10:01 EDTBTIOn The Fly: Analyst Downgrade Summary
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06:48 EDTRAI, PM, MO, LO, BTISenators call on FDA to adopt strict e-cigarette warning
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05:27 EDTBTIBritish American Tobacco downgraded to Sell from Neutral at Goldman
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October 6, 2014
08:09 EDTMOAltria Group price target raised to $53 from $47 at Cowen
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