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Two of the biggest American tobacco companies said Friday they were in talks to merge -- a move to cut costs and shore up profits as the number of smokers shrinks.
This file photo made Oct. 21, 2009, shows Camel cigarettes, a Reynolds American brand, in Philadelphia.
's stock had its "buy" rating reiterated by research analysts at Oriel Securities Ltd in a report released on Friday.
A buyout or merger between Lorillard and RJ Reynolds could have possible affect on manufacturing and corporate level jobs; WXII 12 Bill O'Neil reports.
Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.
Lorillard Inc. ran to a new record peak of $67.28 right out of the gate, amid new developments surrounding its now-confirmed merger talks with Reynolds American, Inc. .
Editor's note: This article was originally published in the print edition of the Triad Business Journal on May 30. We are republishing it today in light of the confirmation that Winston-Salem-based Reynolds American Inc. is in talks to acquire Greensboro-based Lorillard Inc. Faced with the pending merger of R.J. Reynolds Tobacco Co.
Editor's note: This article was originally published in the print edition of the Triad Business Journal on May 30. We are republishing it today in light of the confirmation that Winston-Salem-based Reynolds American Inc. is in talks to acquire Greensboro-based Lorillard Inc. Unless they know where to look, visitors to Greensboro might never guess ... (more)
Winston-Salem has never had a luxury boutique hotel. That's about to change with Kimpton's partnership with one of the city's mainstay real estate ventures.
Reynolds American Inc. , the producer of Camel cigarettes, is closing in on a purchase of Lorillard Inc. and may announce a deal as soon as next week with the blessing of British American Tobacco Plc, people with knowledge of the matter said.
The judge in former Virginia Gov. Bob McDonnell's corruption case says he will rule quickly on whether to allow limited testimony by a proposed expert defense witness.
A number of other firms have also recently commented on BATS. Analysts at Nomura reiterated a "buy" rating on shares of British American Tobacco plc in a research note on Thursday.
A number of other firms have also recently commented on CG. Analysts at Scotiabank downgraded shares of Centerra Gold from an "outperform" rating to a "sector perform" rating in a research note on Tuesday.
Philip Morris International Inc. will host a live audio webcast at www.pmi.com/webcasts on Thursday, July 17, 2014 at 9:00 a.m. ET to discuss 2014 second-quarter results, which will be issued at approximately 7:00 a.m. ET the same day.
The Exchange Notes will have substantially the same terms as the Original Notes, except for the elimination of certain transfer restrictions.
Such a move would likely disrupt a potential merger of Reynolds and Lorillard Inc. and Southwest Airlines Co.
Updated: Sat Jul 12, 2014 01:56 am
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