Word: lorillard
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Dates: during 2000-2009
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...without regard to cigarette type or manufacturer, and that these increases occurred without any warning to consumers. Tobacco companies used a variety of methods including design modification and increased concentrations of nicotine, according to the study which analyzed nicotine levels in cigarettes from Phillip Morris USA, Reynolds American and Lorillard Tobacco. Cigarette manufacturers are required by the state of Massachusetts to disclose nicotine yields each year. HSPH professor Gregory Connolly, another principal of the study, said in a statement, “our findings call into serious question whether the tobacco industry has changed at all in its pursuit...
...Magma Design, a tech IPO, has soared 45%. "We haven't seen a string like that in a long time," says Linda Killian, analyst at Renaissance Capital. Sensing a buoyant market a few months out, billionaire investor Laurence Tisch at Loews Corp. just filed to sell shares of his Lorillard Tobacco in an IPO. He too is reading the tea leaves--and seeing good things...
Even in this age of runaway jury verdicts, the punitive-damage awards that rang out in a hushed Miami courtroom last Friday were impressive. Against Philip Morris--$73.96 billion; R.J. Reynolds--$36.28 billion; Brown & Williamson--$17.59 billion; Lorillard--$16.25 million; Vector Group (owner of Liggett)--$790 million. By the time Circuit Court Judge Robert Kaye reached the bottom of the verdict sheet, the total had climbed to $144.8 billion. "A lot of zeros," the judge observed dryly...