Cigarette maker Lorillard's board authorizes $250 million in share buybacks Lorillard Inc.'s board on Thursday announced a share buyback program for up to $250 million of outstanding common shares. The cigarette maker will buy back shares with existing cash. Lorillard, based in ...
US-based tobacco giant Philip Morris said Thursday it has formed a new company in the Philippines with local rival Fortune Tobacco Corp., owned by Chinese-Filipino tycoon Lucio Tan. Tan will become chairman of the new company, to be called PMFTC in a ...
Judge cuts $300 million Fla. smoker's damage award against Philip Morris to $39 million Concluding a jury was moved by emotion rather than hard evidence, a judge on Wednesday reduced $300 million in damages awarded to a Florida smoker against Philip Morris ...
<div id="subtitle">Lorillard 3rd-quarter profit dips partly on higher expenses, consumers curbing their spending</div><div><p>Lorillard Inc., the nation's third-largest cigarette maker, saw less of a decline in cigarettes sold in the third quarter than its competitors as its value brands posted big gains.</p>< ...
<div id="subtitle">Newport cigarette maker Lorillard Inc.'s CEO Martin Orlowsky talks about menthol competition</div><div><p>Cigarette maker Lorillard Inc.'s largest competitors — Altria Group Inc. and Reynolds American Inc. — are ramping up efforts to grab some of the menthol market from Lorillard's leading Newport ...
<div id="subtitle">NY may try to collect taxes on Indian cigarettes; estimated $400M could help close $3B deficit</div><div><p>A deepening deficit has New York officials looking again at how to collect unpaid taxes on cigarettes sold by Indian tribes to non-Indians.</p><p>The ...
<div><p>WASHINGTON (Reuters) - Smokers who switch to a low-tar, light or mild brand of cigarette will not find it easier to quit and in fact may find it harder, researchers reported on Tuesday.</p><p>They found that smokers who traded to light cigarettes were ...
<div id="subtitle">Federal judge denies attempt to block marketing restrictions in new tobacco law</div><div><p>A federal judge ruled Thursday that tobacco companies hoping to block new restrictions on their marketing have little chance of succeeding.</p><p>The companies had asked U.S. District ...
<div id="subtitle">NC Supreme Court sides with tobacco companies over ending payments to Md., Pa. growers</div><div><p>North Carolina's highest court ruled Friday that three cigarette companies no longer have to make payments to tobacco farmers in Maryland and Pennsylvania under a decade-old settlement.</p>< ...
<div id="subtitle">Lawyers for former smoker to discuss $300 million verdict against Philip Morris</div><div><p>A former smoker who just won a $300 million verdict in Florida against Philip Morris USA has pulled out of a news conference about the case.</p><p>Lawyers for ...
