Reynolds American Inc
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Take a look at some of Tuesday's midday movers:
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WASHINGTON, May 21- Cigarette companies are boosting the money they spend on giveaways and similar promotions in the United States as they attempt to pitch to a declining pool of cigarette smokers.
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NEW YORK, April 22- New York City took the first step on Monday in outlawing sales of cigarettes to anyone under age 21, in an effort to reduce smoking among the age group in which most smokers take up the habit.
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WASHINGTON, April 22- The U.S. Supreme Court on Monday declined to hear a tobacco industry challenge to a federal law that expanded restrictions on the advertising and marketing of cigarettes.
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Those challenging the provisions of the 2009 Family Smoking Prevention and Tobacco Control Act included companies owned in part or in full by Reynolds American Inc, British American Tobacco Plc, Imperial Tobacco Group Plc and Lorillard Inc..
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April 15- President Barack Obama's proposal to nearly double federal excise taxes to $1.95 on each pack of cigarettes would likely knock down sales volume 7 percent to 8 percent and is a credit negative for U.S. tobacco companies, Moody's Investors Service said on Monday.
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* "Things are really quiet, waiting to see what the marching orders are for the next four years," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. *Equities were mostly flat on Monday but the trend on the S&P 500, off from six weeks of gains, continues to be higher.
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Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.
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BOSTON, Jan 15- New research from Harvard University's School of Public Health and the non-profit Legacy Foundation found that graphic warnings on cigarette packets may help smokers who are trying to quit. In June, the Food and Drug Administration released nine new warnings that were to go into effect last September.
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*Settlement to release $4 billion in disputed payments to states. Cigarette makers, including Philip Morris USA and R.J. Reynolds Tobacco Co, on Tuesday announced a settlement with the states in a long-running dispute over the amount of payments they are required to make under the 1998 landmark anti-smoking agreement.
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U.S. cigarette makers including Philip Morris U.S.A. and R.J. Reynolds Tobacco said on Tuesday they reached a settlement with 17 states in a dispute over the amount of payments they are required to make under the 1998 anti-smoking agreement.
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NEW YORK, Dec 13- Stock exchange operator Nasdaq OMX is cancelling a series of premarket trades that resulted in wild price swings in a number of stocks on Thursday, including Citigroup and Hewlett-Packard, the exchange said in a statement. "We have no comment further than our ruling," said Robert Madden, a Nasdaq OMX spokesman.
