Word: rj
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Dates: during 1990-1999
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WASHINGTON: Calling the current tobacco settlement legislation "the politics of punishment," RJ Reynolds CEO Steven Goldstone announced Wednesday that his company wanted no part of the Senate's vision of the deal -- and that the rest of the Big Five would soon follow...
...could pay for this entire settlement by just increasing prices. It wouldn't affect their current operations at all. It would finally give them immunity to lawsuits, and stocks will soar." In fact, the news received a warm reception on Wall Street, with Philip Morris up 4 1/4 and RJ Reynolds up 3 1/4. Still, a number of of possibly insurmountable hurdles remain. For one thing, any deal that would shield cigarette companies from future litigation would require an act of Congress. Tobacco firms and plaintiffs also reportedly differ on the total compensation by about $100 billion. And anti-tobacco...
...conscious investors insist that fund managers avoid the stocks. For those so inclined, the American Medical Association has just introduced its own financial guide -- a listing of 53 tobacco-free mutual funds. Yet despite the looming threat of massive legal settlements, shares in tobacco firms like Philip Morris and RJ Reynolds continue to do well. Hugh Johnson, First Albany?s chief investment strategist thinks one factor supporting tobacco shares is growing investor concerns that the stock market may be due for a major correction. Reason: people smoke more when they?re nervous. And when the economy seems uncertain, investors tend...
...conscious investors insist that fund managers avoid the stocks. For those so inclined, the American Medical Association has just introduced its own financial guide -- a listing of 53 tobacco-free mutual funds. Yet despite the looming threat of massive legal settlements, shares in tobacco firms like Philip Morris and RJ Reynolds continue to do well. Hugh Johnson, First Albany?s chief investment strategist thinks one factor supporting tobacco shares is growing investor concerns that the stock market may be due for a major correction. Reason: people smoke more when they?re nervous. And when the economy seems uncertain, investors tend...
...health problems may have been caused by workplace or environmental toxins, or by personal habits such as lack of exercise and a high-fat diet, and that in any case, he or she made the choice to smoke. Says Dan Donahue, senior vice president and deputy general counsel for RJ Reynolds Tobacco: "It's brand-new law. There have nowhere, never, ever, been the same kinds of claims made as they're making...