A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.» Read More
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.
Take a look at some of Tuesday's midday movers:
NEW YORK-- Moody's Investors Service raised the senior unsecured ratings of Reynolds American Inc. on Tuesday, on expectations that the tobacco company's profits will continue to improve. Moody's increased the senior unsecured ratings of Reynolds American and subsidiary R.J. Reynolds Tobacco Holdings one notch in investment grade status to "Baa2" from "Baa3."
Like other tobacco companies, Reynolds American Inc., the second-biggest U.S. cigarette maker, has ventured into smokeless tobacco and other nicotine products as tax increases, health concerns, smoking bans and stigma cut into demand for cigarettes. In 2009, Reynolds bought Swedish company Niconovum AB, which makes nicotine gum, pouches and spray products.
RICHMOND, Va.-- Reynolds American Inc.' s third-quarter profit grew nearly 7 percent as higher prices and smokeless tobacco gains helped offset a decline in the number of cigarettes it sold.
NEW YORK-- Shares of Star Scientific fell 6 percent on Tuesday as investors likely viewed a $5 million payout in a patent dispute settlement as smaller than anticipated.
Caterpillar Inc. reports quarterly financial results. Hasbro Inc. reports quarterly financial results. Peabody Energy Corp. reports quarterly financial results.
RICHMOND, Va.-- Reynolds American Inc., the second-biggest U.S. cigarette company, should give investors some insight into its premium Camel brand and its value-priced Pall Mall brand when it releases its third-quarter results before the stock markets open Tuesday.
WASHINGTON-- Tobacco companies are urging a federal judge to reject the government's proposed industry-financed corrective statements, calling them "forced public confessions." The Justice Department countered that the statements need to be strong enough to protect people from future false statements made by cigarette makers.
*Barclays cuts Altria Group target price to $33 from $36; rating equal weight. *Barclays raises Coca Cola Enterprises target price to $36 from $33;. *Barclays cuts Reynolds American target price to $45 from $47; rating.
RICHMOND, Va.-- The U.S. government is asking a federal appeals court to rehear a challenge to a Food and Drug Administration requirement that tobacco companies to put large graphic health warnings on cigarette packages to show that smoking can disfigure and even kill people.
Take a look at some of Wednesday's midday movers:
A high-profile California cigarette tax initiative backed by cycling legend Lance Armstrong that once seemed like a sure thing teetered on the brink of defeat, a testament to the efficacy of a $50 million campaign backed by Big Tobacco.
In a battle pitting Big Tobacco and small business groups against health advocates, California voters are deciding whether to increase the state's cigarette tax by $1 a pack. The vote was too close to call Wednesday, The Associated Press reports.
With interest rates so low, the story of 2011 was the hunt for yield. As a result, a tremendous amount of money flowed into tobacco stocks. But 2012 is a different story — at least with U.S.-based brands.
U.S. tobacco stocks are up an average of 3.2 percent this year, while the S&P 500 has risen 8.8 percent, according to S&P. TheStreet.com analyzes six big-dividend stocks that could light up your investments.
Tobacco stocks are smoking hot right now with investors, thanks to the safe dividends and strong cash flow, Wells Fargo analyst Bonnie Herzog told CNBC Wednesday.
This is the first paragraph/short story.
If you can't take the market volatility perhaps it might be time for a smoke, literally!
About 65 companies in the S&P 500 have increased dividend payouts by more than 1 percent so far this year.