Stocks rose on Thursday, lifting the Dow industrials above 17,000, after the June jobs report.» Read More
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. CDI Corp. rose 7.3 percent to $15.52. Walter Industries Inc. rose 6.9 percent to $6.33.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. NQ Mobile Inc., down $2.18 to $4.58. Rite Aid Corp., up 40 cents to $7.57.
July 3- Tobacco majors Lorillard Inc and Reynolds American Inc are likely to merge as early as end of July, CNBC reported, citing sources.
WASHINGTON, June 25- White House changes to proposed rules for tobacco products significantly weakened language detailing health risks from cigars and deleted restrictions that might have prevented online sales of e-cigarettes, published documents show.
An FDA spokeswoman, Jennifer Haliski, said the FDA does not comment on changes to a proposal during the review process but said the period for the public to comment on the proposal is still open until Aug. 8.
NEW YORK, June 24- The rapid growth of electronic cigarette sales poses a rising but under-appreciated risk to holders of as much as $96 billion of bonds tied to payments tobacco companies make to U.S. states from a sweeping legal settlement in 1998..
WASHINGTON, June 18- U.S. senators heavily criticized the marketing practices of e-cigarette companies on Wednesday, saying their use of glamorous models, celebrities and cartoon characters attracts children and risks creating a new generation of nicotine addicts at a time when traditional smoking rates are declining.
Industry trade groups, as well as cigarette makers, including Philip Morris parent Altria Group Inc, Reynolds American Inc and Lorillard Inc, complained that the limits violated their free speech rights and were pre-empted by other federal and state laws.
Industry trade groups, as well as cigarette makers, including Philip Morris parent Altria Group Inc, Reynolds American Inc and Lorillard Inc, complained that the limits violated their free speech rights and were pre-empted by other federal and state laws. A lawyer for most of the plaintiffs referred a reporter to Altria, which did not have an immediate comment.
A deal between Reynolds American and Lorillard will very likely happen, Wells Fargo's Bonnie Herzog says.
Electronic cigarettes, promoted as a healthier alternative to tobacco, are getting powerful new backers: big tobacco firms. NYT reports.
NEW YORK, June 11- Imperial Tobacco Group Plc is evaluating a deal for assets likely to be divested from Reynolds American Inc and Lorillard Inc if the two U.S. tobacco companies proceed with a proposed combination, according to people familiar with the matter.
WASHINGTON, June 9- The U.S. Supreme Court on Monday declined to hear a series of appeals filed mainly by R.J. Reynolds Tobacco Co seeking to overturn Florida court rulings worth more than $70 million in favor of customers who sued over injuries associated with smoking.
NEW YORK, June 2- As U.S. health regulators consider what rules to impose on electronic cigarettes, in their tally of costs and benefits they have placed a value on the lost pleasure consumers may suffer if they used the products less or not at all.
The "Fast Money" traders share their final trades of the day.
NEW YORK, May 30- When Lorillard Inc bought the blu eCigs brand two years ago, the electronic cigarette had a 10 percent share of a tiny U.S. market, generating about $50 million in sales.
E-cigarette sales at US convenience stores fell for the first time, underlining a shift to larger, cheaper devices, the FT reports.
May 25- Some of the leading U.S. producers of electronic cigarettes are moving their manufacturing to the United States from China in response to growing concern about quality and the prospect of tighter federal regulations.
Reynolds American and Lorillard are allegedly in advanced talks about a merger. CNBC's John Jannarone digs into the likelihood of this deal.
WASHINGTON, May 22- An acquisition of U.S. cigarette-maker Lorillard Inc by Reynolds American Inc could face a bumpy road with antitrust regulators, experts said, with some predicting the deal could be blocked outright and others saying it could only go through with significant divestitures.