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Stock Market & Financial Investment News

News Breaks
June 24, 2014
06:54 EDTBTI, LO, MO, PM, RAIE-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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November 20, 2014
07:15 EDTRAIWells Fargo to hold a conference
2nd Annual E-Cig Conference is being held in New York on November 20.
November 19, 2014
10:17 EDTPMPhilip Morris reaffirms FY14 reported EPS view $4.76-$4.81
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November 18, 2014
06:30 EDTRAIReynolds American to launch new cigarette that only heats tobacco, WSJ reports
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November 14, 2014
17:13 EDTLOAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
November 13, 2014
11:35 EDTRAIReynolds American to host investor day
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06:36 EDTBTIBritish American Tobacco fined $1.03M by U.K. government, WSJ reports
British American Tobacco has been fined $1.03M by the U.K. government for oversupplying cigarettes in Belgium, sources tell the Wall Street Journal. The fine, levied by HM Revenue & Customs, marks the first incident in which a major tobacco company has been penalized for "oversupply of products to high-risk overseas markets" in the U.K. Reference Link

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