The Department of Justice on Friday asked the U.S. Supreme Court to overrule a lower court decision denying the government the right to seek $280 billion from the tobacco industry for ill-gotten gains.
Tobacco companies can be sued under state laws for deceptive advertising of "light cigarettes," the Supreme Court ruled in a closely divided ruling Monday.
Where's the bottom? It's the question every investor is asking. We wish we could tell you when the stock market will reach that point - we really do. But we have no idea. Nobody does. This much, however, we can say: Don't wait for that perfect moment when the markets sink to their absolute floor. Because by the time you're certain prices have reached that spot, the moment will have passed, and you may have missed a dramatic rebound.
Philip Morris USA, the nation's No. 1 tobacco company, said Monday it has ended test markets of Marlboro-branded cigarettes that use a high-technology filter
Philip Morris USA, the nation's No. 1 tobacco company, said Monday it has ended test markets of Marlboro-branded cigarettes that use a high-technology filter.
The Dow Jones industrial average is adding Bank of America and Chevron, replacing Honeywell and Altria.
updated: Wed Jan 30 2008 12:38:00
New research suggests moderate drinking and exercise may benefit your heart, but there are several caveats.
Stocks extended their early losses Thursday with the Dow falling more than 250 points, as a downgrade of Citigroup and disappointing earning from Exxon Mobil troubled investors.
Stocks gave back all of its previous session gains Thursday as investors weighed record-high oil prices, a slew of economic reports and disappointing earnings news from oil giant Exxon Mobil.
U.S. stocks fell at Thursday's open as oil prices surged as high as $96 a barrel and investors began to fret about the upcoming October jobs report.
U.S. stocks were poised for a tough open Thursday as investors awaited the October jobs report while weighing the unusual combination of surging oil prices and disappointing earnings from the nation's largest oil company.
Stocks jumped Wednesday, recovering from a two-session retreat sparked by worries about the turmoil in the credit and mortgage markets, and questions about the direction of Federal Reserve policy.
Stocks rallied Wednesday afternoon, bouncing back after a two-session battering sparked by worries about the turmoil in the credit and mortgage markets.
Stocks surged early Wednesday afternoon, recovering some ground after an aggressive two-session selloff sparked by worries about the ongoing turmoil in the credit and mortgage markets.
Altria Group Inc. said Wednesday it plans to spin off its international tobacco unit but will not give details on the timing on the much anticipated move until January.
U.S. stocks rose sharply at Wednesday's open as investors regained their composure a day after the Dow Jones industrial average fell 280 points on renewed economic fears.
Altria Group Inc is widely expected to announce plans for the spinoff of its Philip Morris International unit this week, but some analysts see limited gains for a stock that already looks more expensive than its peers.
Altria Group (MO) ranks no. 23 on FORTUNE's list of America's largest corporations.
Moments after finishing a rousing speech to thousands of employees on her return to Kraft Foods last June, Irene Rosenfeld walked upstairs from the company's sprawling Northfield, Ill., headquarter...
The following are some of Thursday's most actively traded stocks:
Stocks slipped Thursday morning, as a selloff in global markets gave investors a reason to step back one session after the Dow industrials closed at an all-time high.
Blue chips rose and the broader market was little changed at the end of a choppy session on Wall Street Monday, in which investors weighed seesawing oil prices, a weak read on manufacturing and a spate of corporate deals.
Blue chips rose and the broader market was little changed at the end of a choppy session on Wall Street Monday, in which investors weighed seesawing oil prices, a weak read on manufacturing and a spate of corporate deals.
Blue chips rose late Monday, helping the Dow industrials advance and the broader market erase losses at the end of a choppy session on Wall Street.
Technology shares slumped and the broader market wobbled, as rising oil prices and a weaker-than-expected manufacturing report overshadowed any enthusiasm about the day's spate of corporate deals.
Stocks struggled for direction Monday afternoon as a weaker-than-expected manufacturing report vied with enthusiasm about the day's spate of corporate deals.
Stocks soared Tuesday for the first time since the global selloff began brewing as markets rebounded overseas and gave investors hope that the worst of the selling was over, at least for now.
Stock gains accelerated Tuesday afternoon, with investors using the recent battering as a chance to jump back in and buy equities at lower levels.
Altria posted a higher quarterly profit Wednesday, helped by cigarette price rises and increased sales of cigarettes overseas.
With oil prices and a housing bust threatening the economy, we discovered ten solid stocks that can still pack a punch.By Jon Birger and David Stires, Fortune
Bad omens abound. The falling dollar. The return of $60 oil. Detroit's woes. Iraq spiraling out of control. The fact is, there's no shortage of reasons to be wary about investing, including the rec...
The Dow Jones industrial average rose to a record high for the fourth straight session Friday, while the S&P 500 finished above 1,400 for the first time in more than six years.
Blue-chip stocks struggled to crawl out of the red Friday afternoon after lower oil prices offset the morning's weak reading on housing.
Blue-chip stocks struggled to crawl out of the loss column Friday afternoon after the morning's weak reading on housing.
A federal judge has granted class action status to a federal lawsuit claiming nine tobacco companies deceived U.S. smokers by leading them to believe "light" cigarettes were safer than regular cigarettes, according to a court administrator.
Altria Group ranks no. 62 on FORTUNE's Global 500 this year, with $69.1 billion in revenues, up 7.3% from the previous year. The New York, New York-based company was ranked no. 50 on the 2005 list. Its 2005 profits were $10.4 billion, up 10.8% from a year earlier. 2005 was a banner year for most Global 500 companies.
They want you to laugh, to wince, to think. Just not to smoke. They're the "Truth" campaign ads - radio, television, and web spots that target kids at greatest risk for smoking.
Up until last week, there was a massive cloud over Altria - a cloud six years long and billions of dollars strong.
The Florida Supreme Court Thursday upheld a ruling tossing out a $145 billion verdict against Big Tobacco but also agreed with many of the findings criticizing the industry for selling a dangerous product.
Stocks closed higher Thursday but struggled to keep early gains as initial enthusiasm over weak economic reports and a tobacco-led bump in the Dow gave way to anxiety over Friday's big jobs report.
A steep selloff in the semiconductor sector Thursday weighed on the Nasdaq composite, but the Dow industrials and S&P 500 both managed to carve out fresh nearly five-year highs.
Stocks slipped Tuesday after the Federal Reserve boosted a key short-term interest rate by a quarter-percentage point as expected, and said more rate hikes may be needed.
Thinking about Big Oil and food this morning ...
WHEN JAMES GIPSON AND HIS TEAM ANNOUNCED THEIR departure from the Clipper Fund in late September, many observers assumed that their replacements would come from inside the fund's parent company, Ol...
When James Gipson and his team announced their departure from the Clipper Fund in late September, many observers assumed that their replacements would come from inside the fund's parent company, Old Mutual.
Altria, Merck and GM. Three companies in the news. Three companies that have been in, or are in, the deep stew. Do any of 'em make sense to buy right now? Hey you're supposed to pick stocks when they're cheap right? Well here's my take.
The Illinois Supreme Court handed Altria's Philip Morris USA unit a major victory Thursday in a statewide class-action case over "Marlboro Lights" and "Cambridge Lights" cigarettes.
The Illinois Supreme Court on Thursday tossed out a $10.1 billion verdict against Philip Morris USA in which the company was accused of fooling customers into thinking "light" cigarettes are safer than regular cigarettes.
With oil prices falling, corporate earnings still growing, and consumer confidence on the mend, the stock market has awakened from its 10-month slumber.
A broad-based stock market rally Thursday lifted the major stock gauges, sending the Nasdaq to a nearly year high.
Stocks slumped Tuesday as worries about rising interest rates and inflation weighed on homebuilders, oil stocks and a variety of other sectors, overshadowing positive earnings news.
Blue chips led the broader market higher Monday at the end of a choppy session as investors welcomed General Motors' cost-cutting deal with its union and other encouraging corporate news.
NEW YORK (Reuters) - Illinois' Supreme Court on Thursday reversed a $1.06 billion judgment against State Farm Mutual Automobile Insurance Co. in a case that accused the company of using unsafe parts to repair damaged vehicles.
Stocks inched up early Tuesday, as mild readings on retail sales and consumer prices gave some investors reason to believe inflation is contained and the Federal Reserve's interest-rate hiking campaign can end soon.
Corporate earnings growth is slowing down. Inflation is picking up. Rising interest rates threaten the housing market. Expensive gasoline is eating away at consumer spending. It's no wonder that da...
Altria ranked No. 1 in a survey of companies that value diversity and have tangible employee programs and policies to prove it, according to a research group Monday.
Stocks slumped for the first three weeks of the year, a phenomenon either encouraging for the markets, or very worrisome, depending on how you look at it.
Corporations reached out to help the victims of Sunday's earthquake-triggered tsunamis in southern Asia.
Every investor loves a soaring stock price. Problem is, we often chase those hot stocks after they've reached the ozone. Yes, most of us would do well to use the discipline of a value investor and ...
ALTRIA associate general counsel William Ohlemeyer sounded confident at a late-October press conference. He was belting out the many "compelling" reasons to anticipate that the Florida supreme cour...
Stocks came out ahead Thursday, with blue chips receiving a boost from Altria and the tech sector shaking off warnings from Google and Applied Materials.
Altria stock jumped Thursday after Chairman and CEO Louis Camilleri told investors the company is preparing to split up into two or three different companies.
Stocks rallied for a second session Thursday, boosted by falling oil prices and ongoing relief that the presidential election has passed without incident.
Some generally positive results from Ford, Altria, IBM and Texas Instruments, as well as another dip in oil prices could lift stocks when the markets open Tuesday.
Stocks opened modestly higher Tuesday despite strong earnings news from Altria Group, a Dow component, as investors waited to hear word from Federal Reserve Chairman Alan Greenspan.
Tech stocks appeared to be ready to rise Tuesday morning ahead of a session filled with quarterly results and Federal Reserve Chairman Alan Greenspan's testimony before a Senate panel.
Wall Street will look to Washington Tuesday for remarks from Federal Reserve Chairman Alan Greenspan on the heels of several large earnings statements and economic data on home construction.
Shares of major tobacco companies rose sharply on Monday following a favorable court decision.
A drop in oil prices and some good old-fashioned bargain hunting ignited stock prices Tuesday, as investors jumped back in after several tough weeks for the market.
The Nasdaq gained and the broader market drifted Monday, with investors again worried about inflation as crude oil prices hit new all-time highs.
Blue chips fell Thursday, and the broader market was little changed after a choppy session and a rough week as investors sought to position themselves amid rising interest rates, stubbornly high oil prices and the events in Iraq.
Where do you put cash at a time like this? Bond yields are at record lows, money-market accounts pay next to nothing, and the stock market looks highly uncertain. One answer: dividend-paying stocks...
Alan Greenspan and General Motors will garner Wall Street's attention Tuesday as investors look for direction about interest rates and corporate earnings.
Where do you put cash at a time like this? Bond yields are at record lows, money-market accounts pay next to nothing, and the stock market looks highly uncertain.
We can't prove it, but we suspect that the fact that every Philip Morris CEO going back to 1957 is alive and well (there are only six of them) must set some sort of record, if only for irony. Just ...
It's the season for New Year's resolutions. That means that, once again, many of us have pledged to cut the beer out of our daily diet or stop wasting so much money on cigarettes. And just as inevi...
Kraft Foods Inc. unveiled a long-awaited restructuring plan Thursday, following a year of lackluster sales and earnings and a few personnel departures.
Kraft Foods Inc. plans to lay off 10 percent of its salaried work force as the company tries to revamp its slow-growing North American business, a person familiar with the situation said this week.
The performance of our 2003 selections in many ways mirrored the roller-coaster ride investors took this year. They fell when the stock market plummeted in the spring and took off when the market s...
Their track records speak for themselves. They are the trapeze artists, the sixth-sensers, the odds beaters. Take, for starters, fund manager Bill Miller, who has outpaced the broader market for a ...
Big businesses know what to do when they fall on bad times: change their names. Just ask WorldCom--now MCI--or the Altria Group, née Philip Morris. "This is a new trend, changing a company's name t...
First the bad news: The portfolio of seven stocks we chose as best investments for 2003 are down 5% from Dec. 2 (when we wrote about them) through April 22. Now the really bad news: The S&P 500 is ...
When Illinois state judge Nicholas Byron issued his March ruling on a class action against Philip Morris, Louis Camilleri was 945 miles away in New York City, bracing for bad news. The chairman and...
TWO TAKES ON TECH
How do large companies stack up in their own industries? That's what the list inside reveals. Among the notable movers: Gateway and Disney jumped from No. 6 to No. 2 in computers and in entertainme...
Philip Morris has a new name. You've probably heard it already. Pop quiz: Can you remember it? Too late. It's Altria. The company says the word derives from the Latin altus, meaning "high," and is ...
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