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Lorillard Inc

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  • Lorillard CEO to get $44M after Reynolds merger Monday, 20 Oct 2014 | 12:21 PM ET

    RICHMOND, Va.— The CEO of Newport cigarette maker Lorillard Inc. is set to receive more than $44 million following the planned $25 billion merger with Reynolds American Inc., regulatory filings show. Murray Kessler is one of several Lorillard executives to receive compensation if they're terminated after the deal closes, according to a filing with the...

  • LONDON/ NEW YORK, Sept 12- As electronic cigarettes flew off shelves on both sides of the Atlantic in recent years, investors flocked to a business some hope will be the future for tobacco.

  • Sept 3- Lorillard Inc said two of its e-cigarette subsidiaries sued Zippo Manufacturing Co in the United Kingdom to protect itself from Zippo's claims of trademark infringement regarding the blu brand of e-cigarettes.

  • CHICAGO, Aug 25- Electronic cigarettes may be more tempting to non-smoking youths than conventional cigarettes, and once young people have tried e-cigarettes they are more inclined to give regular cigarettes a try, U.S. researchers said on Monday.

  • Aug 18- A German court has ordered a subsidiary of U.S. tobacco giant Lorillard Inc to stop selling the popular blu e-cigarettes in that country, citing trademark confusion with lighter and fuel products sold by Zippo Manufacturing Co..

  • Trendy vapor tanks muscling into e-cigarette sales Friday, 1 Aug 2014 | 6:02 PM ET

    A cult following is likely to grow as "vaping" becomes more fashionable and more stores, such as Walmart, carry the battery-powered metal tubes in a wide range of colors.

  • Lorillard e-cigarette sales slip as competition rises Wednesday, 30 Jul 2014 | 1:31 PM ET

    July 30- Lorillard Inc. on Wednesday reported significant declines in its electronic cigarettes sales, raising questions about the strength of the nascent market. Sales of its electronic devices dropped 35 percent to $37 million for the second quarter ended June 30, 2014 compared to $57 million for the same period last year.

  • July 28- Tobacco major Reynolds American Inc's quarterly profit rose 6.7 percent as price increases helped to make up for a drop in cigarette volumes. The company's net income rose to $492 million, or 92 cents per share, in the second quarter ended June 30, from $461 million, or 84 cents per share, a year earlier.

  • 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.

  • Big tobacco's $23B award unlikely to stand: Experts Monday, 21 Jul 2014 | 6:59 AM ET

    A decision by a Florida jury to impose damages of $23.6 billion against RJ Reynolds is likely to be rejected or reduced on appeal, experts say.

  • 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.

  • Value of worldwide M&A hits $2 trillion this year Friday, 18 Jul 2014 | 7:15 AM ET

    Worldwide merger and acquisition activity has reached $2 trillion so far this year, up 75 percent from last year, according to Thomson Reuters data.

  • 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.

  • Why stock market bears may need summer hibernation Thursday, 17 Jul 2014 | 11:09 AM ET
    Traders on the floor of the New York Stock Exchange.

    The bear case for stocks is easy, but it's the bull case that may win out this summer, analysts say.

  • What the Reynolds deal says about e-cig leader blu Tuesday, 15 Jul 2014 | 5:28 PM ET
    A woman smoking a 'Blu' e-cigarette

    A huge merger between tobacco giants Reynolds American and Lorillard will see electronic cigarette leader blu go to another company.

  • 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.