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Stock Market & Financial Investment News

News Breaks
December 16, 2013
09:03 EDTVGRVector Group acquires additional 20.59% interest in Douglas Elliman Realty
Vector Group announced that its wholly-owned New Valley LLC subsidiary has acquired an additional 20.59% interest in Douglas Elliman Realty, LLC, which operates the largest residential brokerage company in the New York City metropolitan area, from Prudential Real Estate Financial Services of America, Inc. for a purchase price of $60M in cash. The acquisition increases Vector Groupís ownership position in Douglas Elliman from 50% to 70.59%.
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April 24, 2014
06:12 EDTVGRFDA to impose first federal regulations on e-cigarettes, WSJ reports
The FDA is planning to place the first federal regulations on electronic cigarettes, the Wall Street Journal. The FDA will eventually ban sales of the devices to anyone under 18 and require makers to gain FDA approval for their products, the publication adds. Makers of e-cigarettes include Altria (MO), Reynolds American (RAI) and Lorillard (LO). Reference Link
April 21, 2014
09:00 EDTVGRVector Group falls 4.2%
Vector Group is down 4.2%, or 87c, to $20.00

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