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Headlines Tagged with Bonds 1,540 headlines found

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California mulls $2 tax for cigarettes, risk for tobacco bonds

California's anti-smoking advocates are asking their legislature to back a $2 state tax hike on cigarettes - double the increase voters rejected last year - on the heels of President Barack Obama's urging a federal cigarette tax increase earlier this mont
Reuters
added Apr 22, 2013 20:14
13 Views

[Oklahoma] EDITORIAL: A wise state investment

Oklahoma’s use of the Master Settlement funds from the 1996 tobacco lawsuit is a model for use in future trust fund cases. Unlike other states, Oklahoma did not take a one-time payment. The state chose to receive the money over several years, and to date
Norman (OK) Transcript
added Apr 19, 2013 12:53
27 Views

California Tobacco Bond Sale a Hit With Investors

California on Tuesday had little trouble selling $380 million in municipal bonds backed by revenue from tobacco companies, even as litigation deepens over a payment dispute related to the companies' lost market share.
The Wall Street Journal Interactive Edition
added Apr 2, 2013 19:40
19 Views

Philip Morris Borrowing Costs Climb After Russia Bans Public Smoking | Fox Business

Bond investors demanded a higher yield from Philip Morris International Inc. (PM) Tuesday than the cigarette maker was granted last summer, as rising interest rates and questions about overseas tobacco sales weighed on its debt sale.
Dow Jones Newswires
added Feb 27, 2013 00:37
16 Views

[New York] Breakable bonds leave city a winner in smoking slowdown

But Newman, the former deputy comptroller, doesn’t see it that way. While emphasizing that a potential default was still a long way off, he said that the city needs to keep in mind what investors will think the next time it goes to the market with a bon
New York World (Columbia University Graduate School of Journalism)
added Feb 6, 2013 20:57
19 Views

[Illinois] CAPITOL FACTS: Who won? The cigarette makers

... It passed last week after the trial lawyers were given a neat little plumb that guaranteed them higher contingency fees on big medical malpractice cases.
Ottawa (IL) Daily Times
added Jan 9, 2013 11:49
64 Views

How big tobacco got its way in Florida Legislature [FREE FULL TEXT]

In 2009, tobacco lobbyists aggressively pushed a bill that drastically capped the amount four tobacco companies have to pay to appeal certain court judgments against them. The bill, SB 2198, was authored by Sen. Mike Haridopolos but written by the tobacc
Florida Times-Union
added Dec 31, 2012 11:07
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Times-Union investigation: How big tobacco got its way in Florida Legislature ($$)

In 2009, tobacco lobbyists aggressively pushed a bill that drastically capped the amount four tobacco companies have to pay to appeal certain court judgments . . . SB 2198, was authored by Sen. Mike Haridopolos but written by the tobacco lobby.
Florida Times-Union
added Dec 30, 2012 15:08
12 Views

CORRECTED-US states welcome tobacco settlement, bond woes remain

A recent deal with tobacco companies will distribute money to 17 states that has been tied up for years, but the funds may only provide short-term relief to underfunded tobacco bonds.
Reuters
added Dec 21, 2012 08:24
8 Views

Tobacco Bonds Rally After Cigarette Makers Release $4 Billion

Tobacco bonds issued by U.S. states are gaining after Philip Morris USA (PM) and other cigarette makers said they would distribute to 17 states $4 billion in payments previously withheld from a 1998 settlement.
Bloomberg News
added Dec 20, 2012 01:59
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