Some of the names on the move ahead of the open.» Read More
NEW YORK, Feb 25- Three major U.S. tobacco companies- R.J. Reynolds Tobacco Co, Lorillard Inc and Altria Group's Philip Morris USA- will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers on Wednesday. The agreement will cover more than 400 lawsuits filed in federal court in Florida by smokers...
NEW YORK, Feb 25- Three major U.S. tobacco companies including R.J. Reynolds Tobacco Co, Lorillard Inc and Altria Group's Philip Morris USA will pay $100 million to settle hundreds of federal lawsuits over smoking, according to an announcement from plaintiffs' lawyers on Wednesday. The agreement will cover more than 400 lawsuits filed in federal court in Florida...
LONDON, Feb 12- Imperial Tobacco Group reported a 4 percent decline in underlying tobacco volumes for its fiscal first quarter, in line with its broader markets, and stood by its outlook for the year. It blamed the timing of price increases, reduced trading in Iraq and lower sales of mass-market cigars in the United States ahead of a brand relaunch.
Some of Wednesday's midday movers:
Morgan Stanley picks the biggest winners from this year's collapse in oil prices.
Deals worth $100 billion on Monday put the Street on pace for a year rivaling the dot-com bubble era and the private equity surge just before the financial crisis.
After a sharp stock selloff Thursday and erasing the previous day's rally, it's time to get defensive, say CNBC's "Fast Money" traders.
The M&A wave could be a harbinger of a booming economy...or a collection of last-minute attempts to beat higher debt rates. NYT reports.
Susan Cameron is confident regulators will allow the tobacco giant to acquire Lorillard for $24.7 billion.
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.
Worldwide merger and acquisition activity has reached $2 trillion so far this year, up 75 percent from last year, according to Thomson Reuters data.
The bear case for stocks is easy, but it's the bull case that may win out this summer, analysts say.
A huge merger between tobacco giants Reynolds American and Lorillard will see electronic cigarette leader blu go to another company.
Stocks fell Tuesday after Federal Reserve Chair Janet Yellen said the central bank could hike rates sooner than expected.
Reynolds American's purchase of Lorillard has plenty of benefits for the rival U.S. firms, but the real winner is British American Tobacco.
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.
Reynolds American confirmed it has agreed to acquire Lorillard in a transaction valued at $27.4 billion. CNBC's David Faber and Jim Cramer discuss the big tobacco deal. Cramer says he wants to own Reynolds.
Some of the names on the move ahead of the open.
Reynolds American on Tuesday announced plans to acquire Lorillard in a deal the company valued at $27.4 billion.
Jim Cramer is a good stock picker but these picks are nothing short of smokin’.