Headlines Tagged with Investing — 2,831 headlines found
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
Jul 22, 2014 AP - Associated Press
added Jul 22, 2014 13:07
Profit of $1.26 Billion Is Down Slightly From Year-Ago Period; Smokeless Products Remain Bright Spot
Jul 22, 2014 The Wall Street Journal Interactive Edition
added Jul 22, 2014 13:06
Big tobacco stocks stumbled yesterday as investors expressed caution in the aftermath of the $23.6bn (£13.8bn) damages award levelled against Reynolds American by a US judge on Saturday.
Jul 22, 2014 City A.M. (uk)
added Jul 22, 2014 06:59
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%.
Jul 21, 2014 KNXV-TV ABC 15 (Phoenix, AZ)
added Jul 21, 2014 13:21
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
Jul 20, 2014 Business Week/Bloomberg
added Jul 21, 2014 13:17
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
Jul 21, 2014 Benzinga.com
added Jul 21, 2014 13:14
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.
Jul 21, 2014 CBS MarketWatch
added Jul 21, 2014 13:09
* 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.'.
Jul 21, 2014 Seeking Alpha blog network
added Jul 21, 2014 13:08
"Investors are concerned that if this verdict doesn't get quashed when it goes to appeal, then this could have severe implications for the entire industry," David Battersby, investment manager at Redmayne-Bentley, said.
Jul 21, 2014 Reuters
added Jul 21, 2014 12:38
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.
Jul 21, 2014 CNN/Money
added Jul 21, 2014 12:36