A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.» Read More
Imperial approached Altadis last Wednesday with a 45-euro-a-share bid and looked for friendly talks. But the Madrid-based group rejected the bid late Friday, and a person familiar with Altadis said 53 euros a share would be an "adequate" value.
Britain's Imperial Tobacco will continue to push for a deal to acquire Franco-Spanish tobacco company Altadis, which rejected an offer of 45 euros ($59) a share.
Lauren from Maine says Broadcom (BRCM) held its own nicely today, given the overall market correction. Now that Broadcom is implementing new chips for Bluetooth devices, is this stock poised to reach new highs
In a market like this, the best offense is a good defense. And there’s no better play than cigarettes for that game plan.
Viewers ask what to do about Altria post-spinoff and whether to buy back Celgene. Cramer has the answers.
"Bull Market Intact? Analysts Hit the Street In Force, Recommending Altria, Monsanto" After a week where $1 trillion in value was lost and stocks shaved off, on average, 5%, Wall Street analysts finally felt safe enough to come out from hiding.
Sin pays. You can invest in good corporate citizens and go nowhere, or you can get down with alcohol, tobacco and firearms to really make some money. Don’t believe us? Here’s proof.
The fact that Cramer wants you in this sector may confuse you. Yes, we know, this group is responsible for the subprime-lending problem we’re seeing today, but this could end up helping investors.
After the trauma of a 416-point drop in the market, Cramer likes to go fishing – bottom fishing, actually. He has 25 years of experience angling through the wrecks of portfolios that belonged to less experienced fisherman and women, and today he’s going to share his secrets with you.
Stocks closed higher as comments from a Fed governor added to positive sentiment, building on gains from merger activity and Wal-Mart's better than expected profits. A drop in oil prices sent buyers into consumer stocks and other sectors that benefit from falling energy prices.
Kraft Foods unveiled a four-part plan on Tuesday that calls for making its products more enticing to consumers, and cutting costs as it tries to boost lagging sales and profits.
A closely divided U.S. Supreme Court overturned a $79.5 million punitive-damages award against Altria Group's Philip Morris USA unit, in what is being seen as a victory for both the tobacco company and the corporate world.
The U.S. Supreme Court today declined to hear a constitutional challenge by tobacco companies to Minnesota's 75-cent-per-pack health impact fee on cigarettes.
It's a stock-watcher's cliché to call Altria shares "smoking" -- but don't tell that to Bonnie Herzog. She's a beverage and tobacco analyst at Citigroup, and she says the company formerly known as Philip Morris is, yes, on fire.
When Worlds Collide: As I write this, we’re coming towards the end of a breaking news producer’s dream. Or worst nightmare. Depending on your viewpoint. It’s been a busy day. A VERY busy day. If I were prone to drink on weekdays, I’d be reaching for the nearest martini.
Fourth-quarter earnings of $1.27 outpaced a Thomson Financial consensus estimate of $1.22 a share in the fourth quarter. Last year, Altria earned $1.17 a share.
The world's second-largest food company behind Nestle said progress from its turnaround effort is not yet sufficient, but it will still be some time before investors learn of its strategy.
Altria shareholders will receive 0.7 share of Kraft for every Altria share held. Shareholders will receive cash in lieu of fractional shares for amounts less than one Kraft share. The exact distribution ratio will be determined on the record date.
Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.
Stocks ended mixed on Monday as investors cast a wary eye on rising interest rates ahead of the Fed's two day meeting this week.