The Federal Trade Commission is considering allowing a merger between Reynolds American and Lorillard, the Wall Street Journal reported.» Read More
Banks, retailers and many others may have suffered during Europe's downturn but the tobacco sector has remained rock solid during a time of weak consumer spending.
European shares suffered their biggest daily drop this month after gloomy earnings and weak U.S. economic data hit sentiment on Wednesday and left some positioning for further falls in the near-term.
LONDON, Oct 30- Imperial Tobacco has taken a 1.2 billion-pound writedown on its Spanish business as the impoverished country's smokers turn to cheaper black market cigarettes.
*Carroll exit leaves two female CEOs in FTSE 100. LONDON, Oct 26- Mining giant Anglo American's outgoing chief executive Cynthia Carroll, only the third woman to take the helm of a FTSE 100 company, warned on Friday that calls for quotas to diversify Europe's boardrooms could reduce women to a token presence.
*Nomura cuts Imperial Tobacco Group PLC to reduce from neutral; price. *Nomura raises British American Tobacco PLC price target to 3506 p. Reuters Station users, click. 1580.
CANBERRA, Oct 5- Australia did not infringe tobacco companies' intellectual property rights by forcing them to sell cigarettes in plain packets, Australia's highest court said on Friday, killing off any domestic challenge to the plain-packet ruling. Tobacco giants British American Tobacco, Britain's Imperial Tobacco, Philip Morris and Japan Tobacco.
Oct 2- Imperial Tobacco Group PLC:. *JP Morgan cuts Imperial Tobacco Group PLC price target to 3,067 p from. Reuters Station users, click. 1580.
In a summer with precious little positive economic news, housing is proving to be a bright spot. June housing starts, at 760,000, was the best print since October 2008.
Wall Street suffered through another rough day Monday, with stocks dropping more than 1 percent on worries over the effect the European debt crisis would have on the global economy.
Stocks traded mostly higher at the open Thursday, with traders shrugging off a fresh batch of economic reports and a rising dollar as Europe's debt woes continued to intensify.
Housing stocks have rallied 14 percent from their low at the beginning of the month, and 31 percent so far this year.
Furniture stocks are down big from their highs on the year even as homebuilder shares point towards a housing recovery. Something's not right.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The combination of a stronger U.S. jobs report, and some indications that China will likely have a soft landing, not a hard landing, are helping to support markets.
It's way too early to call it a success or disappointment, but one thing is sure: in this environment, it's orders that matter.
Home building: An awful lot of optimism built into the spring home buying season!
Homebuilder stocks have jumped as much as 45 percent over the past three months. But the question remains whether it's a fragile rally based on overly optimistic expectations for the economy or an early sign that a sustained real estate recovery is in the offing.
After years of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound. In some metropolitan areas, the market has clearly bottomed, with sales and prices rising and foreclosures declining.
Australia’s goal of having the world’s toughest tobacco promotion laws in place by 2012 moved closer on Thursday when it released the plain packing design that all cigarette manufacturers will be forced to adopt as part of new legislation. The FT reports.
The group is crawling back to life, say analysts, and is very likely poised for a three- to five-year run for bold and patient investors.