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[Florida] Fitch: Tobacco Settlement Eases Industry Litigation Concern

The settlement of more than 400 lawsuits in U.S. federal courts filed by Florida smokers, the Engle Progeny cases, resolves some uncertainty in extensive litigation pending against the major cigarette companies, Philip Morris USA Inc. (subsidiary of Altri
Business Wire
added Mar 1, 2015 09:44
60 Views

[Florida] Tobacco Settlement Eases Industry Litigation Concern

The settlement of more than 400 lawsuits in U.S. federal courts filed by Florida smokers, the Engle Progeny cases, resolves some uncertainty in extensive litigation pending against the major cigarette companies
Fitch Ratings
added Feb 25, 2015 16:51
42 Views

[Florida] Philip Morris, Reynolds and Lorillard Settle Federal Engle Cases

Herzog estimated the various tobacco companies have had an approximately 50% success rate in Engle cases over the past several years. “We view this is a favorable conclusion for all three to a substantial outstanding legal battle,” she said. “While no i
Convenience Store/Petroleum (CSPNet)
added Feb 25, 2015 16:43
3 Views

Ask Matt: Should I invest in tobacco?

Analysts have an 18-month price target on shares of Reynolds, which is about 5% lower than current levels. And the stock is a lukewarm “neutral,” says New Constructs, which measures the value of stocks based on their expected cash flows.
USA Today
added Feb 25, 2015 13:16
5 Views

Altria Declares Regular Quarterly Dividend of $0.52 per Common Share

its Board of Directors declared a regular quarterly dividend of $0.52 per common share, payable on April 10, 2015, to shareholders of record as of March 16, 2015. The ex-dividend date is March 12, 2015.
Altria Group, Inc.
added Feb 25, 2015 13:16
4 Views

BAT eyes improving volumes, sees Russia setback

EARNINGS FORECAST: Net income of 3.76 billion pounds ($5.83 billion) is the consensus forecast of six analysts from a survey by Dow Jones Newswires, compared with GBP3.90 billion reported a year earlier.
CBS MarketWatch
added Feb 25, 2015 13:15
23 Views

3 Reasons Why Tobacco Is the Most ‘Successful’ Industry in History

First, there was the bad news. John Oliver skewered the industry for its litigation frenzy in his popular show last week. Then came the good news. According to a Credit Suisse research report released last week, tobacco is America’s most successful indu
Wall St. Cheat Sheet
added Feb 21, 2015 10:16
16 Views

[Pakistan, Philippines] Tobacco Notes: Philip Morris International

Philip Morris has shut down a factory in Pakistan, while its representative in the Philippines has expressed skepticism over the Government’s lax approach towards a tax evading competitor.
Trefis
added Feb 21, 2015 09:51
13 Views

BERSHIDSKY: Big Tobacco's Future: Big Pot

It's not just that tobacco boasts the best historical performance of all U.S. industries. The industry's future seems especially bright. As marijuana gradually becomes a legal drug, Big Tobacco is poised to dominate the market... For those not overly worr
Bloomberg View
added Feb 20, 2015 14:02
0 Views

Vector Group to Host Fourth Quarter and Full-Year 2014 Results Conference Call

will conduct a conference call and webcast to discuss its fourth quarter and full-year 2014 results on Thursday, February 26, 2015 at 4:30 p.m. (ET).
Business Wire
added Feb 19, 2015 16:53
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