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Philip Morris Announces California Federal Court Rejects Medical Monitoring Class Action
Monday, April 18, 2011 - 3:36pm | 47Philip Morris USA (NYSE: MO) said a federal judge today rejected a request by a group of California plaintiffs seeking class certification in a medical monitoring lawsuit saying that there was no reliable way to identify the class members.
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Altria Group Down 2% (MO)
Monday, April 18, 2011 - 12:49pm | 136Altria Group, Inc. (NYSE: MO) shares are down 2% today, down 54 cents to $26.47 on 7 million shares, as the broader equity markets are down sharply. Shares of Altria continued to make new 52 week highs last week, and are resting here, after a strong run. Shares of other tobacco companies are...
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Clearing Up Confusion In Altria This Morning (MO)
Monday, April 18, 2011 - 7:17am | 90Shares of Altria (NYSE: MO) could see some potential confusion this morning, as there is a New York Times headline on Yahoo Finance that the company is in talks to buy UST for $10 billion. The date of the article is April 17, yesterday, but when the article is clicked on, it has a September 2008...
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Dow Jones, Shiller And Momentum Approaches Compared
Friday, April 15, 2011 - 1:47pm | 2008While the disaster is Japan will take many years to be put right, there is a very important lesson that can easily be overlooked in the rush to stop radioactive leaks and repair the damage. Like New Orleans where the leveeswere known to be a problem area, Japan's nuclear reactors were living on...
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Philip Morris Makes Master Settlement Agreement Payment of Approximately $3.5B
Friday, April 15, 2011 - 9:47am | 70Philip Morris USA (NYSE: PM) today made its annual Master Settlement Agreement payment of approximately $3.5 billion. This amount includes approximately $267 million that PM USA disputes it owes as a result of the 2008 Non-Participating Manufacturer Adjustment. As permitted by the terms of the...
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Morgan Stanley Overweight On Lorillard (LO)
Friday, April 15, 2011 - 9:37am | 138Morgan Stanley has an Overweight rating and a $102 price target on shares of Lorillard (NYSE: LO). In a note to clients, Morgan Stanley writes, "Lorillard is in a position of competitive strength, and we see no obvious reason –absent onerous FDA menthol regulation – why its history of...
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Altria Group Hits 52-Week High (MO)
Thursday, April 14, 2011 - 10:14am | 33Altria Group (NYSE: MO) has hit a 52-week high in today's trading. At last check, the year-to-date performance of Altria Group is a gain of 10.5%.
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Lorillard Hits 52-Week High (LO)
Thursday, April 14, 2011 - 9:34am | 31Lorillard (NYSE: LO) has hit a 52-week high in today's trading. At last check, the year-to-date performance of Lorillard is a gain of 22.8%.
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Lorillard Continues Its Monster Move (LO)
Wednesday, April 13, 2011 - 12:17pm | 82Up more than 20% year to date, shares of Lorillard Inc. (NYSE: LO) continue to be a monster. Investors and traders are seeking safety in high-dividend paying names, and Lorillard has a 5.8% yield, backed by its profits from selling menthol cigarettes. At last check, shares of the tobacco company...
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Credit Suisse Previews PM 1Q11 Results
Wednesday, April 13, 2011 - 6:38am | 113Credit Suisse reports that it favors Philip Morris International, Inc. (NYSE: PM) shares “thanks to its strong pricing power/momentum, unmatched ability to generate strong cash flows (in good and bad times) and the untapped long-term growth potential in non-OECD markets.” “The shares are also well...
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Vector Group Ltd. Commences 11% Senior Secured Note Exchange (VGR)
Tuesday, April 12, 2011 - 8:43am | 94Vector Group Ltd. (NYSE: VGR) today announced that it has commenced an offer to exchange $90 million in aggregate principal amount of its 11% Senior Secured Notes due 2015 (the “Original Notes”), which were privately placed in December 2010 pursuant to exemptions from registration under the...
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These High Dividend-Paying Stocks Hit 52-Week Highs Without You (MO, PM, LO, KO)
Tuesday, April 12, 2011 - 7:18am | 342Investors may want to consider high dividend paying stocks to generate yield, as it looks like we may be heading into a correction, as more stocks begin too break down technically. Certain dividend paying stocks such as Coca-Cola (NYSE: KO), Altria (NYSE: MO), Philip Morris International (NYSE: PM...
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Jefferies Initiates BTI With Buy
Tuesday, April 12, 2011 - 4:48am | 42Analysts at Jefferies initiate coverage of British American Tobacco (AMEX: BTI) with a “buy” rating. BTI shares fell 0.98% to close at $81.99 yesterday. More Analyst Ratings here
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Reynolds American Hits 52-Week High (RAI)
Monday, April 11, 2011 - 10:15am | 33Reynolds American (NYSE: RAI) has hit a 52-week high in today's trading. At last check the year-to-date performance of Reynolds has been a gain of 13.3%.
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Altria Group Hits 52-Week High (MO)
Monday, April 11, 2011 - 9:42am | 33Altria Group (NYSE: MO) has hit a 52-week high in today's trading. At last check the year-to-date performance of Altria has been a gain of 9.9%.