Business Wire (Free subscription) | 06/01/2009
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on the Issuer Default Ratings (IDRs) and outstanding debt ratings of Altria Group, Inc. (Altria) (NYSE: MO), Philip Morris Capital Corp.
Law Blog - WSJ.com (Free subscription) | 06/01/2009
Altria Group Inc. said Tuesday it has completed its $10.4 billion acquisition of UST Inc., after the deal for the smokeless-tobacco maker was put off in October at the request of the company's lenders.
Business Wire (Free subscription) | 06/01/2009
RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (Altria) (NYSE: MO) today announced that it has completed the acquisition of UST Inc. (UST). The transaction is valued at approximately $11.7 billion, which includes
InformedTrades (Free subscription) | 02/01/2009
coffeygrinds said: howardlindzon Nice work I hear the "Sound of Altria" "Nothing" Who wrote this? R/t A classic Wallstrip $mo http://bit.ly/vNu7 $$...
InformedTrades (Free subscription) | 02/01/2009
coffeygrinds said: @howardlindzon Nice work I hear the "Sound of Altria" "Nothing" Who wrote this? R/t A classic Wallstrip $mo http://bit.ly/vNu7 $$...
SeekingAlpha Retail Stocks (Free subscription) | 31/12/2008
Market Folly submits: Todd Sullivan over at Value Plays takes a quick look at consumer spending from the 1990-91 and 2001-02 recessions. Surprisingly, Tobacco spending was down. We only point this one because in recessionary times, people are quick to point out plays like Altria (MO) and Philip Morris International (PM) when, in reality, the spending in their product category is down. The increase...
Law Department Management (Free subscription) | 29/12/2008
Nothing good for general counsel can come from retained firms that set billable hour minimums (See my post of Nov. 8, 2005: Altria and its 200-hour monthly maximum; Oct. 20, 2005: ask for total hours billed in a month by...
How Appealing (Free subscription) | 24/12/2008
"Altria Ruling Ignites Legal Moves; Effort to Reopen Multibillion-Dollar Case Promises to Gain Fresh Life": Brent Kendall of Dow Jones Newswires has an article that begins, "The Supreme Court's ruling last week allowing smokers in Maine to sue Altria Group...
Law Blog - WSJ.com (Free subscription) | 22/12/2008
WASHINGTON -- The Supreme Court's ruling last week allowing smokers in Maine to sue Altria Group Inc.'s Philip Morris unit for allegedly deceptive advertising of "light" cigarettes already is prompting new legal activity, including an effort to revive a multibillion-dollar case against the tobacco company that had been thrown out.
Charlotte Observer: Breaking News (Free subscription) | 20/12/2008
(By Kevin Cary, kcary@charlotteobserver.com) Cabarrus County will start its own Critical Need Response Fund to aid local charities overwhelmed by record numbers of homeless and hungry people. The Cabarrus fund has been kicked off with a $100,000 donation by Altria, the parent company of Philip Morris USA, which operates a plant in Concord. “Given the state of the economy and the transition the Cabarrus...
PrawfsBlawg (Free subscription) | 19/12/2008
SCOTUS's decision in Altria v. Good, handed down on Monday, is great news for friends of federalism. The Court held that the federal cigarette labeling act does not preempt private actions to enforce Maine's Unfair Trade Practices Act (MUTPA) against cigarette manufacturers who advertise that their cigarettes are less dangerous because they are "light" on tar. The 5-4 decision indicates that the tussle...
Business Wire (Free subscription) | 18/12/2008
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BBB+' rating to Altria Group, Inc.'s (NYSE: MO) $775 million guaranteed fixed-rate senior notes maturing in 18 months. The notes rank pari passu with Altria's
SeekingAlpha Retail Stocks (Free subscription) | 17/12/2008
Todd Sullivan submits: No, it has nothing to do with any "moral objection" to selling cigarettes. I fear the legal landscape is about to change in a very negative way... First, Altria (MO) said Monday : In a 5-4 decision, the Supreme Court today ruled that a lawsuit involving "lights" cigarettes brought under the Maine Unfair Trade Practices Act was not barred by federal law. Complete Story »
Business Week (Free subscription) | 17/12/2008
GS posts November-quarter loss of $4.97, vs. EPS of $7.01, wider than our $3.25 loss estimate. Sizeable losses from principal investments and mortgage holdings, less demand for GS's advice businesses and poor trading results resulted in a negative net revenue total. A negative compensation accrual and tax benefit helped the bottom line. We are lowering our fiscal year 2009 (November) EPS projection...
Business Wire (Free subscription) | 17/12/2008
CHICAGO--(BUSINESS WIRE)--Yesterday the U.S. Supreme Court ruled that a lawsuit involving 'light' cigarettes brought under the Maine Unfair Trade Practices Act was not pre-empted by the Federal Cigarette Labeling and
