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Headlines Tagged with Settlements 14,205 headlines found

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Virginia tobacco grants go up in smoke / $5.2 million for poorer towns vanishes

More than $5.2 million in “tobacco” grants to Virginia communities has disappeared, leaving some of the state’s most depressed areas deeper in the red. From July 2007 until October 2014, 22 localities defaulted on Tobacco Region Opportunity Fund (TROF)
Washington Times
added Oct 30, 2014 23:16
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How Tobacco Bonds Work, and What Can Go Wrong

States and localities got cash up front but may end up paying back a lot more than they expected.
ProPublica
added Oct 30, 2014 20:30
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Investors Haul In Nearly Half the Tobacco Settlement Cash

An updated tally by ProPublica shows that tobacco bondholders are due $2.6 billion of the $6 billion in this year’s payouts to state and local governments from Big Tobacco.
ProPublica
added Oct 30, 2014 20:28
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Podcast: In Big Tobacco Cash, a Boon Turned Burden

It seemed a boon then, but as Cezary Podkul tells ProPublica Editor in Chief Steve Engelberg in today’s podcast, things haven’t exactly turned out that way.
ProPublica
added Oct 30, 2014 20:26
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How We Analyzed New York County Tobacco Bonds

Users can see how interest rates and declining cigarette sales affect the bottom line for counties that borrowed against income from the landmark tobacco settlement.
ProPublica
added Oct 30, 2014 20:25
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Tobacco Debt: How Cash From Big Tobacco Went From Boon to Burden

ProPublica
added Oct 30, 2014 20:23
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How One New York County Fell Into the Tobacco Debt Trap

A refinance of Niagara County’s tobacco bonds was good news — but for investors, not taxpayers.
ProPublica
added Oct 30, 2014 20:22
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[New York] Tobacco Settlement Funds Sprinklers, Golf Carts and a Grease Trap

money borrowed over the long term should be spent on projects that will outlast the debt – things like buildings, bridges or other essential infrastructure. That's not what upstate New York's Niagara County did with much of its money from tobacco bonds.
ProPublica
added Oct 30, 2014 20:19
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Lorillard, Inc. Reports Third Quarter Results

exclude the favorable impacts of the settlement to resolve certain MSA payment adjustment disputes in the first nine months of 2014 and 2013 and the 2003 non-participating manufacturer arbitration award in the first nine months of 2014, charges for Engle
Lorillard Tobacco Company
added Oct 23, 2014 14:14
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[Iowa, Texas] Governor Rick Perry Campains for Adam Gregg

Republican Attorney General candidate Adam Gregg...said that Miller is known for his lawsuit against the tobacco companies. “So your legacy after 32 years, is suing people,” said Gregg. “My plan and my legacy will be protecting more people.” Gregg’s goal
WHO-TV 13 (Des Moines, IA)
added Oct 23, 2014 13:33
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