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(NEW YORK)Philip Morris International, maker of Marlboros overseas, said Tuesday it has bought about 94 percent of the stock of Canadian cigarette maker Rothmans Inc.READ MORE

(ITHACA, N.Y.)Cornell University trustee Andrew Tisch and his wife are giving the school $35 million to establish an endowment that will allow the Ivy League school to honor and retain current f...READ MORE

(NEW YORK)Philip Morris International Inc. said Wednesday it had completed its buyout of Canadian cigarette maker Rothmans Inc. Philip Morris International said owners of about 47 million sh...READ MORE

(NEW YORK)Reynolds American Inc. and its tobacco unit, R.J. Reynolds, said Tuesday they would cut about 570 jobs, or 10 percent of their American work force, as cigarette sellers prepare to ...READ MORE

Mortgage rates drop after Fannie, Freddie takeover WASHINGTON (AP)--Mortgage rates fell sharply Monday, as investors reacted to the government's takeover of Fannie Mae and Freddie ...READ MORE

Altria Group Inc., owner of Philip Morris USA, plans to buy UST Inc., the maker of Skoal and Copenhagen, for $10.4 billion to boost its ability to sell smokeless tobacco products.READ MORE

(NEW YORK)Altria, the U.S. leader in cigarettes, wants to be No. 1 in smokeless products too. The owner of the nation's biggest cigarette seller said Monday that it will buy UST, the maker o...READ MORE