International Business News - UST 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 The jammed credit markets barely budged Monday as governments around the world scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks' mortgage assets. http://www.ibtimes.com/articles/20081006/credit-still-tight-as-europe-governments-scramble.htm Mon, 06 Oct 2008 18:23:51 EDT Altria Group Inc. and smokeless-tobacco maker UST Inc. said Friday they agreed to raise the termination fee for UST's pending acquisition to $300 million from $200 million, under certain circumstances. http://www.ibtimes.com/articles/20081003/altria-ust-agree-to-raise-breakup-fee-to-300m.htm Fri, 03 Oct 2008 09:26:54 EDT Philip Morris International, maker of Marlboros overseas, said Tuesday it has bought about 94 percent of the stock of Canadian cigarette maker Rothmans Inc. http://www.ibtimes.com/articles/20080930/philip-morris-intl-completes-rothmans-buyout.htm Tue, 30 Sep 2008 09:48:14 EDT Shares in many tobacco companies fell Monday amid a general market decline as investors feared that Congress won't approve a financial bailout package. http://www.ibtimes.com/articles/20080929/shares-in-tobacco-companies-fall.htm Mon, 29 Sep 2008 14:47:15 EDT Johnny Hayes, a prominent Democratic fundraiser who managed finances for the two presidential campaigns of former Vice President Al Gore, died Saturday. He was 67. http://www.ibtimes.com/data/articleimgs/135275-obit-johnny-hayes.jpg http://www.ibtimes.com/articles/20080920/johnny-hayes-fundraiser-for-al-gore-dies-at-67.htm http://www.ibtimes.com/articles/20080920/johnny-hayes-fundraiser-for-al-gore-dies-at-67.htm Sat, 20 Sep 2008 22:04:27 EDT 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 shares, representing about 68 percent of the company, had accepted its offer of 30 Canadian dollars (about $28.16) per share. It will pay for those shares on Friday. http://www.ibtimes.com/articles/20080917/philip-morris-intl-completes-buyout-of-rothmans.htm Wed, 17 Sep 2008 09:28:27 EDT Shares of tobacco companies dropped Tuesday, following the general market down for the second day as investors fretted about the financial sector. Investors have concerns about insurer American International Group Inc. and are awaiting the Federal Reserve's decision on interest rates. http://www.ibtimes.com/articles/20080916/tobacco-companies-decline-along-with-market.htm Tue, 16 Sep 2008 10:18:52 EDT Wall Street ends lower on concerns over Lehman NEW YORK (AP)--Stocks tumbled Tuesday, nearly erasing the previous session's big gains, after fresh concerns about the stability of Lehman Brothers Holdings Inc. punctured a sense of optimism about the financial sector. Each of the major indexes lost more than 2 percent. The Dow Jones industrials fell nearly 300 points. http://www.ibtimes.com/articles/20080909/business-highlights.htm Tue, 09 Sep 2008 18:26:34 EDT 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 compete more aggressively for sales of smokeless tobacco products. http://www.ibtimes.com/data/articleimgs/126413-reynolds-american-restructuring.jpg http://www.ibtimes.com/articles/20080909/reynolds-american-to-cut-570-jobs-realign-brands.htm http://www.ibtimes.com/articles/20080909/reynolds-american-to-cut-570-jobs-realign-brands.htm Tue, 09 Sep 2008 20:16:09 EDT 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. http://www.ibtimes.com/articles/20080908/details-of-altria-groups-acquisition-of-ust.htm Mon, 08 Sep 2008 15:39:41 EDT Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080908/fannie-mae-wachovia-lehman-brothers-big-movers.htm Mon, 08 Sep 2008 19:22:57 EDT 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 of Skoal and Copenhagen, in a $10.4 billion deal that is part of the wider consolidation of the global tobacco industry. http://www.ibtimes.com/articles/20080908/altria-group-buys-ust-for-about-10b.htm Mon, 08 Sep 2008 15:05:57 EDT Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080905/nokia-ust-lehman-safeway-sandisk-big-movers.htm Fri, 05 Sep 2008 17:53:50 EDT WHAT THE COMPANIES SAY: Altria Group, which owns Marlboro-maker Philip Morris USA, called a New York Times report that it would buy rival UST Inc. for more than $10 billion "pure speculation." UST declined to comment. http://www.ibtimes.com/articles/20080905/details-about-altria-ust.htm Fri, 05 Sep 2008 15:48:55 EDT Altria Group, which owns Marlboro-maker Philip Morris USA, said Friday that a report of its impending acquisition of UST was "pure speculation." Analysts said the deal makes perfect sense. http://www.ibtimes.com/articles/20080905/altria-calls-reports-on-ust-pure-speculation.htm Fri, 05 Sep 2008 16:47:19 EDT Shares of UST Inc. rose Friday after the New York Times reported that Altria Group Inc. may buy the maker of tobacco products Copenhagen and Skoal for more than $10 billion. http://www.ibtimes.com/articles/20080905/ahead-of-the-bell-ust-up-on-report-of-buyout-talk.htm Fri, 05 Sep 2008 09:59:35 EDT Wall Street wrestled with intensifying economic worries Friday, extending sharp losses after a disheartening jobs report and then grudgingly engaging in some mild bargain hunting that gave the market some modest gains. The major indexes ended the week with big declines, a sign that investors, who not long ago expected the economy to improve, are now growing increasingly discouraged. http://www.ibtimes.com/data/articleimgs/124001-stocks.jpg http://www.ibtimes.com/articles/20080905/stocks-look-extend-losses-ahead-job-data.htm http://www.ibtimes.com/articles/20080905/stocks-look-extend-losses-ahead-job-data.htm Fri, 05 Sep 2008 18:00:34 EDT Among the earnings stories for Thursday, July 24, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080724/earnings-roundup-bristol-myers-squibb-3m.htm Thu, 24 Jul 2008 10:55:48 EDT UST Inc., which makes Copenhagen, Skoal and Husky smokeless tobacco and about 20 brands of wine, on Thursday said its second-quarter profit declined as sales of smokeless tobacco slipped. http://www.ibtimes.com/articles/20080724/ust-2q-profit-edges-down-as-smokeless-sales-slip.htm Thu, 24 Jul 2008 09:38:20 EDT UST Inc. said Thursday that its chairman and chief executive plans to reaffirm the company's 2008 earnings guidance at a JPMorgan tobacco conference on Friday and predict long-term growth for its smokeless tobacco category. http://www.ibtimes.com/articles/20080626/ust-chairman-to-reaffirm-2008-profit-outlook.htm Thu, 26 Jun 2008 16:43:55 EDT