Tobacco

According to Goldman Sachs, Lorillard (NYSE: LO) will host an investor day on Wednesday, May 4, where new CEO Murray Kessler will provide results from his strategic review process. Goldman Sachs said that it took a closer look at LO's long-term growth potential ahead of the meeting and come away...

Altera Corporation (NASDAQ:ALTR)- Up 1.81% to $49.38. Altera Corporation designs, manufactures, and markets programmable logic devices and associated development tools. The Company's products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits....

Altria Group, Inc. (NYSE: MO) shares touched $27.00 a few minutes ago, and have since bounced off that level, as shares of the maker of Marlboro cigarettes continue to rise to new highs. $27.00 is a new 52 week high for the stock, and this is being seen in other cigarette names, such as Lorillard...

Lorillard, Inc. (NYSE: LO) today released the following statement regarding a St. Louis, Missouri court that decided in favor of the defendants in the case of City of St. Louis vs. American Tobacco. "The jury's verdict confirms this was a misguided legal theory that hospitals somehow lost money...

A St. Louis jury today returned a verdict for Philip Morris USA (NYSE: MO) and other major tobacco companies in a lawsuit where 37 Missouri hospitals sought compensation for treating sick smokers.

3M Co (NYSE: MMM) reported upbeat Q1 earnings and raised 2011 profit projections. The company's Q1 profit came in at $1.08 billion, or $1.49 per share, up from $930 million, or $1.29 per share, in the year-earlier period. The company's revenue surged to $7.31 billion from $6.35 billion. However,...

Peet's Coffee & Tea Inc (NASDAQ: PEET) was downgraded by Robert W. Baird from "outperform" to "neutral." PEET's shares closed at $47.45 yesterday. PEET's trailing-twelve-month profit margin is 5.24%. Ticonderoga downgraded Encana Corporation (NYSE: ECA) from “neutral” to “sell.” ECA's stock...

Credit Suisse is increasing its 2011-12e EPS forecasts on Philip Morris Intl. (NYSE: PM) by ~3% to $4.62 and $5.12 respectively and continues to see risk to its forecasts skewed to the upside. Credit Suisse is lifting its 12-month target price to $72 from $64 and retaining its Outperform rating. We...

JP Morgan has issued a report on the Q1 results of Lorillard Inc (NYSE: LO). According to the report, "2011 Q1 adjusted EPS $1.71 (2010 Q1 $1.47) compared with our estimate of $1.54 and Bloomberg consensus of $1.56 (range $1.53-$1.63)... This is a good set of numbers in EPS terms, and a creditable...

Lorillard Inc (NYSE: LO) reported its Q1 earnings at $248 million, or $1.71 per share, compared with $232 million, or $1.50 per share, in the year-earlier period. However, analysts were expecting a profit of $1.57 per share. The company's net sales increased 13% to $1.54 billion. The company's...

Lorillard Reports Q1 EPS $1.71 vs. $1.57 Est.; Revenues $1.06B vs. $0.96B Est. (NYSE: LO)

Lorillard (NYSE: LO) announced today results for the quarter ended March 31, 2011. Net sales increased 12.9% to $1.535 billion from last year's first quarter. First quarter 2011 domestic wholesale shipments increased 9.4% versus last year compared to a 3.4% decline in industry domestic wholesale...

The Western Union Company (WU) -0.14%  is forecast to post earnings of 34 cents a share in the first quarter. Shares of Western Union Company are trading higher by +0.05% ahead of its quarterly earnings release. Western Union, the money transfer services company is expected to release its...

1) ABB Ltd. (NYSE:ABB)- Down 0.04% to $25.33. Shares of ABB Limited booked a new 52 week high today by trading above $25.39, traders are definitely monitoring ABB's price action to see if this move attracts further buying into the stock. ABB Limited provides power and automation technologies. The...

Ford Motor Co (NYSE: F) is projected to report its Q1 EPS at $0.50 on revenue of $30.64 billion. 3M Co (NYSE: MMM) is estimated to post its Q1 EPS at $1.44 on revenue of $6.95 billion. United Parcel Service Inc (NYSE: UPS) is expected to post its Q1 earnings at $0.85 per share on revenue of $12....