Reclassifying roll-you-own tobacco as pipe tobacco and small cigars as large ones saves the tobacco industry billions. NBC News reports.» Read More
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.
RICHMOND, Va.— Newport maker Lorillard Inc.' s profit fell 4.2 percent in the second quarter as sales of its market-leading Blu electronic cigarettes dropped and it sold fewer cigarettes.
RICHMOND, Va.— Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold.
US consumer prices up 0.3 percent in June, reflecting biggest jump in gasoline in 12 months Coke sales miss Wall Street expectations as Diet Coke remains soft McDonald's profit slips as US sales continue to suffer World stock markets rise as Ukraine plane tensions ease China suspect meat scandal engulfs Starbucks and Burger King, spreads to McDonald's in Japan Comcast 2nd- quarter earnings top Wall Street as Internet hookup pace accelerates Verizon 2 Q profit increases 93 percent thanks to Vodafone deal, tops forecast DuPont 2nd- quarter profit increases 3.9 percent US home sales expected to show moderate gain in June from previous month Marlboro maker Altria's 2 Q profit stays flat as higher prices offset lower cigarette shipments
US consumer prices up 0.3 percent in June Coke's sales miss estimates as Diet Coke flags McDonald's 2 Q profit falls 0.7 percent World stocks rise as Ukraine plane tensions ease China meat scandal hits Starbucks, Burger King Comcast 2 Q earnings top views on Internet hookups Verizon 2 Q profit rises 93 percent DuPont 2 Q profit climbs 3.9 percent Marlboro maker Altria's 2 Q profit stays flat CIT Group buying OneWest Bank in $3.4 B deal
Comcast 2nd- quarter earnings top Wall Street as Internet hookup pace accelerates US home sales expected to show moderate gain in June from previous month Verizon 2 Q profit increases 93 percent thanks to Vodafone deal, tops forecast US consumer prices likely to show smaller gain in June than May DuPont 2nd- quarter profit increases 3.9 percent Foreign financial institutions will be able to directly invest in Saudi stock market next year Altria 2 Q profit stays flat France sticks to warship sale to Russia despite calls for European arms embargo, sanctions China suspect meat scandal engulfs Starbucks and Burger King, spreads to McDonald's in Japan CIT Group purchasing OneWest Bank in a $3.4 billion cash-and-stock deal
Comcast 2 Q earnings top views on Internet hookups Ahead of the Bell: US home sales Verizon 2 Q profit rises 93 percent Ahead of the Bell: US consumer prices DuPont 2 Q profit climbs 3.9 percent Altria 2 Q profit stays flat Amid sanctions, France in warship sale to Russia China meat scandal hits Starbucks, Burger King CIT Group buying OneWest Bank in $3.4 B deal World stocks rise as Ukraine plane tensions ease
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.
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."
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.
NEW YORK— Philip Morris International's second-quarter profit declined 13 percent, stung by foreign exchange rates for the U.S. dollar. The seller of Marlboro cigarettes and other brands outside the U.S. earned $1.85 billion, or $1.17 per share, for the period ended June 30. Shares of Philip Morris International rose 78 cents to $85.48 in morning trading.
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.
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.
July 15- Reynolds American Inc said it would buy rival Lorillard Inc for about $25 billion, merging two of the world's biggest cigarette makers amid a slowdown in sales. Reynolds, whose brands include Camel and Pall Mall, offered $68.88 per Lorillard share, representing a premium of 2.5 percent to Lorillard's Monday closing.
WASHINGTON, July 14- U.S. cigarette maker Reynolds American Inc, in talks to buy rival Lorillard Inc, may have a hard time convincing regulators to approve the deal because of their big shares in the traditional cigarette and fast-growing electronic cigarette markets.
Stocks climbed on Monday, with the S&P 500 bouncing back from weekly losses, after Citigroup's earnings beat estimates.
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*Reynolds, Lorillard marriage seen making $500 mln savings. LONDON, July 11- U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would reshape one of the world's biggest and most profitable tobacco markets, the companies said on Friday.
*Lorillard market value is $22.9 bln. LONDON, July 11- U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would include the sale of some brands to Britain's Imperial Tobacco Group Plc, the companies said on Friday.
*Reynolds, Lorillard not available to comment. LONDON, July 11- U.S cigarette makers Reynolds American Inc and Lorillard Inc are in talks on a possible multi-billion dollar disposal to Britain's Imperial Tobacco Group Plc, as part of efforts to ease antitrust concerns over their planned merger.