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Headlines Tagged with Altria/Philip Morris 11,795 headlines found

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Cigarette Maker Altria's 2Q Profit Flat

posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold. The owner of the nation’s biggest cigarette maker, Philip Morris USA, also announced a new $1 billion share buyback program to be c
AP - Associated Press
added Jul 22, 2014 13:07
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Cigarette Shipment Volumes Weigh on Altria ($$)

Profit of $1.26 Billion Is Down Slightly From Year-Ago Period; Smokeless Products Remain Bright Spot
The Wall Street Journal Interactive Edition
added Jul 22, 2014 13:06
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Altria Profit Trails Estimates on Lower Cigarette Shipments

Altria Group Inc. faces the prospect of stiffer competition after Reynolds American Inc., the second-biggest cigarette maker, agreed to buy rival Lorillard Inc. for about $25 billion, bringing their Newport and Camel brands under one roof to challenge th
Business Week/Bloomberg
added Jul 22, 2014 12:46
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Tobacco stocks burned by $23.6 billion judgment

Investors dropped other tobacco stocks, too, though the declines were not as steep as Reynolds'. Shares of Altria Group slipped about 2%. Philip Morris fell about 1% and Lorillard dropped nearly 3%.
KNXV-TV ABC 15 (Phoenix, AZ)
added Jul 21, 2014 13:21
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Why Big Tobacco Shrugs at a $24 Billion Verdict

Meanwhile, Reynolds, the No. 2 manufacturer, agreed this month to buy Lorillard (LO), the No. 3 competitor, for $25 billion. The savvy financial engineers behind that deal clearly see at least a short- and medium-term future of profitability in cigarette
Business Week/Bloomberg
added Jul 21, 2014 13:17
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Tobacco Stocks Slip On $23.6 Billion Verdict; Analysts Weigh In

Stifel analyst Christopher Growe said that the verdict appears to "complicate" the Reynolds acquisition of Lorillard in the short-term during the appellate process. Speaking on the acquisition, Morgan Stanley analyst David Adelman said Reynolds only gen
Benzinga.com
added Jul 21, 2014 13:14
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Reynolds leads tobacco stocks lower after $23.6 bln verdict

the case shows the industry that the public continues to find it responsible for smoking-related illnesses and deaths, the experts said. Reynolds shares were down 2.8% in premarket trade, making them the second-worst performer among S&P 500 stocks.
CBS MarketWatch
added Jul 21, 2014 13:09
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Phillip Morris: Will Collateral Damage From Reynolds American Judgment Create Opportunity?

* The cigarette industry is slowly declining, but the super-low cost of manufacturing cigarettes enables sustainably high ROICs across the industry and the customer base is extremely 'loyal.'.
Seeking Alpha blog network
added Jul 21, 2014 13:08
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Stocks: 5 things to know before the open

Shares in tobacco giants Reynolds American (RAI) and Philip Morris International (PM) were falling heavily premarket after a Florida jury ordered R.J. Reynolds Tobacco to pay $23.6 billion to the widow of a long-time smoker who died of lung cancer.
CNN/Money
added Jul 21, 2014 12:36
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[USA] RUSS: Altria Group: Have We Reached 'Peak Tobacco'?

. Only recently are we seeing worldwide volume decreases. And that's a trend with no reversal.
Seeking Alpha blog network
added Jul 19, 2014 10:16
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