News: Altria Group Inc (MO)

MO on New York Consolidated

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24 Jul 2014
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Tue, Jul 15 2014

Blu e-cigarette deal was crucial to Lorillard takeover -source

By Jilian Mincer, Anjali Athavaley and Anjuli Davies NEW YORK/LONDON, July 15 - Reynolds American Inc had no choice but to sell Lorillard Inc's top-selling blu electronic cigarettes brand after Britain's Imperial Tobacco Group Plc insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said. The U.S. companies said on Tuesday that they were selling blu and a group of traditional cigarette brands to Imperial to ease antitrust co

UPDATE 1-Cigarette makers lose challenge to NYC's no-discount law

(Adds Altria comment, Reynolds and Lorillard not immediately available for comment)

Altria to appeal revived $10.1 billion 'light' cigarette verdict

- An Illinois state appeals court has reinstated a $10.1 billion verdict against Philip Morris USA in a lawsuit accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes. Philip Morris USA said it will appeal immediately.

UPDATE 2-Altria to appeal revived $10.1 bln 'light' cigarette verdict

(Adds labeling changes, market share, updated stock price, paragraphs 10-11 and 15)

CORRECTED-UPDATE 1-Altria to appeal revived $10.1 bln 'light' cigarette verdict

(Changes 'its' to 'the' in first paragraph, correcting to show that Philip Morris is a unit of Altria))

Altria to appeal revival of $10.1 bln verdict that it misled smokers

April 30 - An Illinois state court has reinstated a $10.1 billion verdict against Philip Morris USA in a lawsuit accusing the Altria Group Inc unit of misleading consumers about the risks of smoking "light" cigarettes. Philip Morris USA said it will appeal immediately.

When the best offense is defensive stocks

LONG BEACH, California - You've been on offense with your global stock portfolio for five years, running up the score in sectors like consumer discretionary and technology stocks that have outperformed the broad market.

COLUMN-When the best offense is defensive stocks

(The opinions expressed here are those of the author, a columnist for Reuters.)

RPT-Fitch: Altria Green Smoke Buy Highlights Industry e-Cig Interest

Feb 5 - (The following statement was released by the rating agency)

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