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Reynolds American Inc

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  • Reynolds American 2Q profit climbs 6.7 percent Tuesday, 29 Jul 2014 | 8:06 AM ET

    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.

  • July 28- Tobacco major Reynolds American Inc's quarterly profit rose 6.7 percent as price increases helped to make up for a drop in cigarette volumes. The company's net income rose to $492 million, or 92 cents per share, in the second quarter ended June 30, from $461 million, or 84 cents per share, a year earlier.

  • Business events scheduled for Tuesday Monday, 28 Jul 2014 | 2:10 PM ET

    WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for May, 9 a.m.. WASHINGTON— The Conference Board releases the Consumer Confidence Index for July, 10 a.m.. WASHINGTON— House Energy and Commerce subcommittee hearing on EPA's proposed clean power plan and grid reliability challenges.

  • Marlboro maker Altria's 2Q profit stays flat Tuesday, 22 Jul 2014 | 7:48 AM ET

    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.

  • U.S. District Court Judge Richard Leon ordered the FDA reconstitute the committee and barred the agency from using the panel's findings, which said removing menthol cigarettes from the market would benefit public health.

  • U.S. District Court Judge Richard Leon ordered the FDA reconstitute the committee and barred the agency from using the panel's findings, which said removing menthol cigarettes from the market would benefit public health.

  • Judge: FDA can't use tobacco panel menthol report Monday, 21 Jul 2014 | 6:25 PM ET

    U.S. District Court Judge Richard Leon in Washington ordered the FDA on Monday to reconstitute the tobacco panel and barred the agency from using its older report on menthol cigarettes.

  • Widow: Jury sent tobacco company a $23B message Monday, 21 Jul 2014 | 6:21 PM ET

    NEW YORK— A Florida widow awarded $23.6 billion in the death of her chain-smoking husband on Monday called the massive verdict a message to Big Tobacco, even though she likely won't see much if any of the money. In another major tobacco trial, a $28 billion verdict in a 2002 case in Los Angeles turned into $28 million after appeals.

  • Ahead of the Bell: Reynolds American shares slide Monday, 21 Jul 2014 | 8:22 AM ET

    Shares of Reynolds American stumbled in premarket trading Monday in the first trading since a Florida jury awarded $23.6 billion in punitive damages against its R.J. Reynolds Tobacco Co.. Even so, the analyst said the award may stir concern about its near-term impact on a $25 billion acquisition Reynolds American Inc. announced last week.

  • Early movers: GM, AGN, VRX, HAS, V, MA, IBM & more Monday, 21 Jul 2014 | 8:00 AM ET
    Traders work the floor of the New York Stock Exchange before the closing bell in New York.

    Some of the names on the move ahead of the open.

  • Big tobacco's $23B award unlikely to stand: Experts Monday, 21 Jul 2014 | 6:59 AM ET

    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.

  • NEW YORK, July 20- A decision by a Florida jury to impose punitive damages of $23.6 billion against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday.

  • NEW YORK, July 20- A decision by a Florida jury to impose punitive damages of $23.6 billion against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday. A Florida state court jury decided the award in a case brought by Cynthia Robinson of Pensacola.

  • RJ Reynolds vows to fight $23.6B in damages Sunday, 20 Jul 2014 | 3:02 AM ET

    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."

  • ORLANDO, Fla., July 19- A Florida jury has awarded the widow of a chain smoker who died of lung cancer 18 years ago record punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation's second-biggest cigarette maker.

  • ORLANDO, Fla., July 19- A Florida jury has awarded the widow of a chain smoker who died of lung cancer punitive damages of more than $23 billion in her lawsuit against the R.J. Reynolds Tobacco Company, the nation's second-biggest cigarette maker.

  • Fla. jury slams RJ Reynolds with $23.6B in damages Saturday, 19 Jul 2014 | 3:48 PM ET

    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.

  • Value of worldwide M&A hits $2 trillion this year Friday, 18 Jul 2014 | 7:15 AM ET

    Worldwide merger and acquisition activity has reached $2 trillion so far this year, up 75 percent from last year, according to Thomson Reuters data.

  • One such deal came on Tuesday, when Camel cigarettes maker Reynolds American said it would buy rival Lorillard for $26.8 billion. As part of the takeover, Britain's Imperial Tobacco Group bought a number of brands and assets from both companies for $7.1 billion. Imperial adviser Goldman Sachs ranked top in the M&A league tables, ahead of Morgan Stanley and Citi.

  • Why stock market bears may need summer hibernation Thursday, 17 Jul 2014 | 11:09 AM ET
    Traders on the floor of the New York Stock Exchange.

    The bear case for stocks is easy, but it's the bull case that may win out this summer, analysts say.