Altria Completes $10.4B Buy Of Smokeless-Tobacco Maker UST
Last Update: 1/6/2009 9:54:05 AM
DOW JONES NEWSWIRES
Altria Group Inc. (MO) on Tuesday completed its $10.4 billion acquisition of UST
Inc. (UST), after lenders requested that the closing take place in early 2009.
The delay, requested in October, reflected turmoil in the credit markets and not
the fundamentals of the tobacco [...]
The Great Wall Street Crash of 1929 vs. Wall Street crisis of 2008
What’s wall street?
Wall Street is the historical center of the Financial District. Wall Street was the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Wall Street is also shorthand for [...]
This week, a larger breadth of America’s business community are set to release results. Among them are Dow components’ AT&T Inc., Caterpillar Inc., 3M Co., Boeing Co., Microsoft Corp., and McDonald’s Corp. Others include Amazon.com Inc., UPS Inc., and Altria Group Inc.
Economic reports this week include September’s index of leading U.S. economic indicators on Monday. [...]
TEL AVIV (MarketWatch) — Altria Group’s Philip Morris USA said it filed a suit
to overturn a San Francisco law that would ban convenience drugstores from
selling tobacco products. Altria is the Richmond, Va., tobacco company. Philip
Morris said late on Wednesday that it sued in U.S. District Court for the
Northern District of California, asking the court to [...]
Altria to buy dipping-tobacco maker UST for $11.7B
Deal may help to shore up Altria’s foundering smoking-tobacco sales
By Christopher Hinton, MarketWatch
Last Update: 9/8/2008 8:40:00 AM
NEW YORK (MarketWatch) — Tobacco giant Altria Group Inc. said Monday it plans to
buy dipping-tobacco maker UST Inc. for $11.7 billion, boosting the Marlboro
maker’s presence in the still-growing market for snuff at [...]
DOW JONES NEWSWIRES
After years of merger speculation, Altria Group Inc. (MO) announced an agreement to acquire smokeless-tobacco maker UST Inc. (UST) for $10.4 billion, the cigarette maker’s biggest move since spinning off Philip Morris International (PM) in March.
The deal is the latest effort by Altria, known for its Marlboro brand, to strengthen its position [...]
Altria Group Inc.’s (MO) first-quarter net income fell 12% as the company
completed its spinoff of Philip Morris International Inc. (PM) in addition to a
major restructuring and headquarters move.
Chairman and Chief Executive Michael Szymanczyk said the moves, including the
switch from Park Avenue in New York City to Richmond, Va., would “substantially
reduce the company’s cost structure.” The [...]
US HOT STOCKS TO WATCH: Boeing, Yahoo, Phillip Morris Intl
Last Update: 4/23/2008 8:17:06 AM
NEW YORK (Dow Jones) — Among the companies whose shares are expected to see
active trade in Wednesday’s session are Apple Inc. (AAPL), Anheuser Busch Cos.
(BUD) and Amazon.com Inc. (AMZN).
Yahoo Inc. (YHOO) said its first-quarter net income rose to $542 million, or 37
cents [...]
Altria Cut To Neutral From Overweight By JP Morgan
Last Update: 4/16/2008 2:19:53 AM
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April 16, 2008 02:19 ET (06:19 GMT)
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Altria Cut To Neutral From Overweight By JP Morgan
Last Update: 4/16/2008 2:19:53 AM
(MORE TO FOLLOW) Dow Jones Newswires
April 16, 2008 02:19 ET (06:19 GMT)
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Philip Morris USA Makes $4B Annual Master Settlement Payment
Last Update: 4/15/2008 11:14:05 AM
DOW JONES NEWSWIRES
Altria Group Inc.’s (MO) Philip Morris USA made its annual Master Settlement
Agreement payment of $4 billion, including about $156 million the company
disputes it owes as a result of the 2005 nonparticipating manufacturer
adjustment, which takes into account the effect of settlements on [...]
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