NEW YORK - Shares in many tobacco companies fell Monday amid a general market decline as investors feared that Congress won't approve a financial bailout package.
In a major setback, the House defeated a $700 billion emergency rescue package on Monday, 228-205, despite urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.
Many stocks, already down before the vote was announced, tumbled further.
Shares in Altria Group Inc. fell $1.18, or 5.7 percent, to $19.71 in mid-afternoon trading Monday.
Reynolds American Inc. was down $2.12, or 4.1 percent, to $49.17.
UST Inc. fell $1.29, or 2 percent, to $65.71. Altria said earlier this month it would buy smokeless maker UST.
Meanwhile, Philip Morris International fell $1.72, or 3.4 percent, to $49.18.
China's bid to establish its own next generation mobile phone technology standard got a boost from the world's biggest cell phone maker...
U.S stocks fell on Wednesday as investors grew concerned that a bailout loan package for ailing automakers would fail to be approved by U.S. lawm...
An international meeting has set new guidelines aimed at preventing tobacco companies from trying to influence national and global health policy....


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