Word: reynoldses
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CHICAGO: In an effort to convince a skeptical public that reaching a broad tobacco settlement is more important than pressing many individual wars against the industry, state attorneys outlined a proposed deal to 100 doctors and anti-tobacco activists Wednesday. Agreements reached with the industry so far are substantial, including...
JACKSONVILLE, Florida: Tobacco stocks soared minutes after a Florida jury found R.J. Reynolds not responsible for the death of lifelong smoker Jean Connor. Just thirty minutes after the verdict was announced, giants Philip Morris and RJR Nabisco had gained a whopping ten percent in value. Nervous investors had shunned tobacco...
Look who's talking now. For four decades, tobacco giants Philip Morris (Marlboro) and R.J. Reynolds (Camel) have hotly denied that cigarettes cause illness and have successfully stubbed out every claim for damages brought against them. But the danger of suffocation from mushrooming lawsuits, rising political hostility and shareholder agitation...
The industry has the wherewithal to raise $300 billion, the highest figure yet floated, payable over 25 years, to compensate plaintiffs for smoking-related ailments. Together, market leader Philip Morris and No. 2 Reynolds command a 72% share of the $45 billion U.S. tobacco industry. Cynics noted that demand for...
WASHINGTON, D.C.: The two largest cigarette makers in the U.S. are negotiating a sweeping settlement with lawyers from eight states that could give the industry broad legal shelter in return for a possible payment of as much as $300 billion over the next 25 years. The talks, which began about...