International Business News - RAI http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Lindsay Pasley is an eager young man in what used to be an older man's game--tobacco farming. He recently took 20 tons of his early prepared leaf to Clay's Tobacco Warehouse in the Appalachian foothills, where he said he earned enough to "have a nice Thanksgiving and Christmas." http://www.ibtimes.com/data/articleimgs/181815-tobacco-regrowth.jpg http://www.ibtimes.com/articles/20081125/10-years-after-settlement-tobacco-rebounds-in-us.htm http://www.ibtimes.com/articles/20081125/10-years-after-settlement-tobacco-rebounds-in-us.htm Tue, 25 Nov 2008 15:58:38 EST Lindsay Pasley is an eager young man in what used to be an older man's game--tobacco farming. He recently took 20 tons of his early prepared leaf to Clay's Tobacco Warehouse in Mount Sterling, due east of Lexington in the Appalachian foothills, where he said he earned enough to "have a nice Thanksgiving and Christmas." http://www.ibtimes.com/data/articleimgs/181888-tobacco-regrowth.jpg http://www.ibtimes.com/articles/20081125/10-years-after-settlement-tobacco-rebounds-in-us.htm http://www.ibtimes.com/articles/20081125/10-years-after-settlement-tobacco-rebounds-in-us.htm Tue, 25 Nov 2008 17:17:47 EST The New Mexico Court of Appeals has revived a class-action lawsuit against several cigarette makers for allegedly engaging in a price-fixing conspiracy. http://www.ibtimes.com/articles/20081119/nm-court-revives-case-against-cigarette-makers.htm Wed, 19 Nov 2008 12:06:15 EST An analyst at Gabelli & Co. on Tuesday upgraded shares of tobacco maker Reynolds American Inc. to a "Buy" from "Hold," and said the shares were a good value at their current price. http://www.ibtimes.com/articles/20081118/gabelli-analyst-upgrades-reynolds-american.htm Tue, 18 Nov 2008 15:08:20 EST The threat of a higher federal excise tax and greater regulation are not likely to hurt the ratings of U.S. tobacco makers next year, Fitch Ratings analysts told investors on Tuesday. http://www.ibtimes.com/articles/20081118/fitch-sees-stability-for-tobacco-companies-in-2009.htm Tue, 18 Nov 2008 15:00:33 EST Executives of cigarette maker Lorillard Inc. are scheduled to speak to investors Tuesday at the Morgan Stanley Global Consumer & Retail Conference. Chief Executive Martin L. Orlowsky and Chief Financial Officer David H. Taylor are scheduled to speak at 10:30 a.m. EST. Greensboro, N.C.-based Lorillard sells Newport, Kent and Old Gold cigarettes. http://www.ibtimes.com/articles/20081118/ahead-of-the-bell-lorillard-at-morgan-stanley.htm Tue, 18 Nov 2008 06:22:51 EST Reynolds American gave details to investors Monday about its latest smokeless tobacco products, saying that it would begin selling Camel brand dissolvable tobacco products in mid- to late January in three trial markets. http://www.ibtimes.com/articles/20081117/reynolds-american-to-sell-dissolvable-tobacco.htm Mon, 17 Nov 2008 11:40:53 EST Smokeless tobacco company UST Inc., the target of a pending acquisition by Altria Group, said Friday that its third-quarter profit fell 6 percent as it spent money on the deal and on a restructuring effort. http://www.ibtimes.com/articles/20081024/ust-3q-profit-falls-6-pct-ahead-of-altria-buyout.htm Fri, 24 Oct 2008 10:35:58 EDT Altria Group Inc., which owns the No. 1 U.S. cigarette maker Philip Morris USA, reported that profit fell 67 percent from a year ago, when results included its overseas operations. But earnings from continuing operations rose 15 percent. http://www.ibtimes.com/articles/20081023/glance-altria-shows-pricing-power-cuts-costs.htm Thu, 23 Oct 2008 13:43:31 EDT Altria Group demonstrated the pricing power tobacco makers possess as interest in cigarettes dropped off further, and said Thursday that its buyout of smokeless tobacco maker UST positions it for long-term growth amid the widespread financial turmoil. http://www.ibtimes.com/articles/20081023/altria-group-3q-profit-falls-excluding-intl-unit.htm Thu, 23 Oct 2008 18:01:20 EDT Tobacco company Star Scientific Inc. said Wednesday that its patent infringement lawsuit against RJ Reynolds Tobacco Co. was sent back to U.S. District Court after an appeals court denied a motion for a rehearing. http://www.ibtimes.com/articles/20081022/star-scientific-case-sent-back-to-district-court.htm Wed, 22 Oct 2008 15:35:35 EDT HOW THEY DID: Philip Morris International Inc., which sells Marlboros overseas, reported a 20 percent rise in third-quarter profit. Reynolds American's profit fell 41 percent but the results were better than Wall Street had expected and the company raised its full-year profit forecast. http://www.ibtimes.com/articles/20081022/glance-tobacco-makers-do-well-in-tough-economy.htm Wed, 22 Oct 2008 14:50:47 EDT Cigarette makers found people still willing to spend even as other industries struggled with a pullback in the third quarter while consumers watched banks collapse and markets teeter. http://www.ibtimes.com/data/articleimgs/157636-earns-reynolds-american.jpg http://www.ibtimes.com/articles/20081022/tobacco-makers-find-consumers-willing-to-spend.htm http://www.ibtimes.com/articles/20081022/tobacco-makers-find-consumers-willing-to-spend.htm Wed, 22 Oct 2008 17:56:35 EDT Among the earnings stories for Wednesday, Oct. 22, from AP Financial News: SAN DIEGO (AP)--Amylin Pharmaceuticals Inc. said late Tuesday its third-quarter loss widened on higher costs for an expanding sales force and drug development. http://www.ibtimes.com/articles/20081022/earnings-roundup-amylin-reynolds-american.htm Wed, 22 Oct 2008 14:32:35 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE http://www.ibtimes.com/articles/20081022/at-t-mcdonalds-boeing-among-big-movers.htm Wed, 22 Oct 2008 16:40:57 EDT Reynolds American Inc. said Wednesday its third-quarter profit dropped 41 percent due to hefty restructuring and trademark charges, but the results topped expectations as the tobacco company used higher prices to offset consumption declines. http://www.ibtimes.com/data/articleimgs/157337-earns-reynolds-american.jpg http://www.ibtimes.com/articles/20081022/reynolds-american-3q-profit-falls-41-pct-ups-view.htm http://www.ibtimes.com/articles/20081022/reynolds-american-3q-profit-falls-41-pct-ups-view.htm Wed, 22 Oct 2008 12:39:51 EDT Major business events and economic events scheduled for Wednesday: WASHINGTON--House Oversight and Government Reform Committee hearing on credit rating agencies. http://www.ibtimes.com/articles/20081021/calendar-of-major-business-events-wednesday.htm Tue, 21 Oct 2008 14:40:29 EDT Reynolds American Inc. said Thursday it will record a $175 million charge in the third quarter to reflect the declining value of its Kool brand of cigarettes. http://www.ibtimes.com/articles/20081009/reynolds-america-sees-175m-3q-charge-for-kool.htm Thu, 09 Oct 2008 17:22:07 EDT An expert on smoking and health said Wednesday that R.J. Reynolds relied on suspect data to support its claim that smokers of its Eclipse cigarettes may face less risk than smokers of conventional ones. http://www.ibtimes.com/articles/20081009/civil-trial-under-way-in-suit-over-advertising.htm Thu, 09 Oct 2008 08:00:58 EDT A Barclays Capital analyst says Reynolds American Inc., the nation's second-biggest cigarette maker, is expected to report results from a "challenging" third quarter. http://www.ibtimes.com/articles/20081007/analyst-expect-challenging-quarter-at-reynolds.htm Tue, 07 Oct 2008 14:53:00 EDT