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Lorillard Inc

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  • Marlboro maker Altria's 2Q profit stays flat Tuesday, 22 Jul 2014 | 7:48 AM ET

    RICHMOND, Va.— Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold.

  • U.S. District Court Judge Richard Leon ordered the FDA reconstitute the committee and barred the agency from using the panel's findings, which said removing menthol cigarettes from the market would benefit public health.

  • U.S. District Court Judge Richard Leon ordered the FDA reconstitute the committee and barred the agency from using the panel's findings, which said removing menthol cigarettes from the market would benefit public health.

  • Judge: FDA can't use tobacco panel menthol report Monday, 21 Jul 2014 | 6:25 PM ET

    U.S. District Court Judge Richard Leon in Washington ordered the FDA on Monday to reconstitute the tobacco panel and barred the agency from using its older report on menthol cigarettes.

  • Ahead of the Bell: Reynolds American shares slide Monday, 21 Jul 2014 | 8:22 AM ET

    Shares of Reynolds American stumbled in premarket trading Monday in the first trading since a Florida jury awarded $23.6 billion in punitive damages against its R.J. Reynolds Tobacco Co.. Even so, the analyst said the award may stir concern about its near-term impact on a $25 billion acquisition Reynolds American Inc. announced last week.

  • NEW YORK, July 20- A decision by a Florida jury to impose punitive damages of $23.6 billion against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday.

  • NEW YORK, July 20- A decision by a Florida jury to impose punitive damages of $23.6 billion against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday. A Florida state court jury decided the award in a case brought by Cynthia Robinson of Pensacola.

  • RJ Reynolds vows to fight $23.6B in damages Sunday, 20 Jul 2014 | 3:02 AM ET

    MIAMI— The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. R.J. Reynolds Tobacco Co. executive J. Jeffery Raborn has called the damages awarded by a Pensacola jury "grossly excessive and impermissible under state and constitutional law."

  • Fla. jury slams RJ Reynolds with $23.6B in damages Saturday, 19 Jul 2014 | 3:48 PM ET

    MIAMI— A Florida jury has slammed the nation's No. 2 cigarette maker, R.J. Reynolds Tobacco Co., with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.. The case is one of thousands filed in Florida after the state Supreme Court in 2006 tossed out a $145 billion class action verdict.

  • One such deal came on Tuesday, when Camel cigarettes maker Reynolds American said it would buy rival Lorillard for $26.8 billion. As part of the takeover, Britain's Imperial Tobacco Group bought a number of brands and assets from both companies for $7.1 billion. Imperial adviser Goldman Sachs ranked top in the M&A league tables, ahead of Morgan Stanley and Citi.

  • NEW YORK/ LONDON, July 15- When Imperial Tobacco Group Plc agreed Tuesday to buy a group of brands from Reynolds American Inc and Lorillard Inc as part of their merger, the British company insisted the assets include Lorillard's blu e-cigarette unit.

  • July 15- Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes.

  • Stocks mixed, with Nasdaq hit by valuation worry Tuesday, 15 Jul 2014 | 4:46 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks fell Tuesday after Federal Reserve Chair Janet Yellen said the central bank could hike rates sooner than expected.

  • JPMorgan and Lorillard are big market movers Tuesday, 15 Jul 2014 | 4:44 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. JPMorgan Chase& Co., up $1.98 to $58.27. The tobacco company will be sold to Reynolds American for about $25 billion, creating a formidable rival to Altria Group.

  • July 15- Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes.

  • The real winner in the Lorillard takeover: BAT Tuesday, 15 Jul 2014 | 2:42 PM ET

    Reynolds American's purchase of Lorillard has plenty of benefits for the rival U.S. firms, but the real winner is British American Tobacco.

  • NEW YORK/ LONDON, July 15- Reynolds American Inc had no choice but to sell Lorillard Inc's top-selling blu electronic cigarettes brand after Britain's Imperial Tobacco Group Plc insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said.

  • CNBC's David Faber speaks to Susan Cameron, Reynolds American president & CEO, about the acquisition of Lorillard in a transaction valued at about $27.4 billion. Cameron says the deal gives them the most balanced and well diversified brand portfolio in the sector.

  • Banks lead US stocks higher in early trading Tuesday, 15 Jul 2014 | 9:48 AM ET

    Banks are leading an early advance in U.S. stocks after JPMorgan Chase and Goldman Sachs turned in better results than investors were expecting. JPMorgan and Goldman Sachs rose the most of the 30 stocks in the Dow.

  • US stocks mostly down as investors digest earnings Tuesday, 15 Jul 2014 | 9:26 AM ET

    Fed Chair Janet Yellen, speaking before Congress, said the U.S. economy has yet to recover fully, but raised the possibility the central bank could raise its key short-term interest rate sooner than currently projected.