The no-smoking policy will go into effect once Reynolds builds indoor smoking areas for those still wanting to light up indoors, a spokesperson said.» Read More
RICHMOND, Va.— Newport maker Lorillard Inc.' s third-quarter profit jumped 12 percent as higher cigarette prices helped offset a decline in the number of cigarettes it sold. Despite the drop in sales, Lorillard, which bought Blu in 2012 for $135 million, said the brand continued to hold a nearly 30 percent share of the U.S. retail market. Last year, Lorillard bought a...
RICHMOND, Va.— Camel cigarette maker Reynolds American Inc. is snuffing out smoking in its offices and buildings. The no-smoking policy will go into effect once Reynolds builds indoor smoking areas for those still wanting to light up indoors, spokesman David Howard said. First released in the mid-1990s, Eclipse is in limited distribution and one of the...
The Winston-Salem, North Carolina- based company said its profit rose to $467 million, or 88 cents per share, for the quarter which ended Sept. 30, up from $457 million, or 84 cents per share, in the same quarter last year. Reynolds' adjusted earnings of 95 cents per share beat expectations for 91 cents per share, according to Zacks Investment Research.
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...
RICHMOND, Va.— Philip Morris International's third-quarter profit dropped 8 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar. The seller of Marlboro and other cigarette brands outside the United States said Thursday that it earned $2.15 billion, or $1.38 per share, in the quarter,...
Sept 24- The Illinois Supreme Court agreed on Wednesday to hear Philip Morris USA's appeal of a $10.1 billion verdict accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.
Sept 24- The Illinois Supreme Court on Wednesday agreed to hear Philip Morris USA's appeal of a $10.1 billion verdict accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes.
*Takeover of SABMiller seen costing nearly $122 bln. LONDON/ BRUSSELS, Sept 15- SABMiller's rejected bid for smaller brewer Heineken has revived talk about deals that could reshape the global beer industry in coming months. "We believe SABMiller could now be considered to be' in play' and view AB InBev as a potential acquirer," said Numis analyst Wyn Ellis.
*Yahoo gives up near 3 pct jump, volume high. Alibaba's could be the largest initial public offer in history and has seen "overwhelming" interest, meaning Yahoo's 23 percent stake could be worth more next week than it is now. Yahoo stock was falling 1.3 percent with 4.7 million shares already traded, after earlier hitting its highest in 14 years.
NEW YORK, Sept 15- Talk about further consolidation in the brewing industry was helping lift consumer staple stocks on the S&P 500, with the largest gainers Altria, in point terms, and Molson Coors, percentage-wise.
*Company rejects advances of bigger rival SABMiller. Begun in 1864 by Gerard Adriaan Heineken with the purchase of a brewery in Amsterdam, the company now has more than 165 plants in over 70 countries and is the world's third-largest beer maker- yet his great-granddaughter Charlene de Carvalho-Heineken is still wedded to the firm.
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.
The 2008 lawsuit against Philip Morris, an Altria Group Inc company, concerns cigarette sales to the Navy Exchange Service Command and the Army and Air Force Exchange Service, both of which operate facilities that sell products to military personnel and their families.
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.
Every now and then a company is so strategic, its stock becomes a holding that pros want to keep on their sheets, no matter what.
Susan Cameron is confident regulators will allow the tobacco giant to acquire Lorillard for $24.7 billion.
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.
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.
Reclassifying roll-you-own tobacco as pipe tobacco and small cigars as large ones saves the tobacco industry billions. NBC News reports.
Some of the names on the move ahead of the open.