UST News

In a significant win for big tobacco, a federal appeals court has ruled that Pennsylvania consumers cannot pursue claims that they paid inflated prices for smokeless tobacco products unless they can prove that ...

Shares of UST were pressured Thursday, dribbling down about 5% after the wine and smokeless-tobacco company reported a slip in second-quarter profit and tepid sales growth.

David Adelman - Morgan Stanley & Co. Christine Farkas - Merrill Lynch & Co. Ann Gurkin - Davenport & Co.

Shares of UST were pressured Thursday, dribbling down about 5% after the wine and smokeless-tobacco company reported a slip in second-quarter profit and tepid sales growth.

Guidance Analysts are expecting a profit of 95c on revenue of $512.26M. The consensus range for EPS is 94c to 96c with a revenue range of $498.75M to $520.20M, according to First Call.

Slow-growth industries are ripe for consolidation, and the U.S. tobacco industry is most certainly, at best, slow growth.

Often overlooked, the smokeless tobacco industry still has some long-standing growing power.

Lou and Gigi Bantle at their home in Greenwich. The Bantles were the recipients of the first-ever Spirit of Hope award from Liberation Programs, Inc.

“If we can just sever this channel it will have tremendous consequences for tax evasion as well as underage sales. In my view, it will happen. It is just a question of when.”

In his latest crusade against teenage smoking, Attorney General Richard Blumenthal is butting heads with Stamford-based UST Inc. via Connecticut Post

“You can tax the company; you can tax the people who work for the company by keeping them in Connecticut, Harris said. "Also, when they need paper or ink cartridges, they'll look to companies in Connecticut.”

Gov. M. Jodi Rell became an advocate of "breast cancer awareness" after surviving the disease. via Fairfield Weekly

The president and chief executive of UST Inc., which produces smokeless tobacco products and wine, received compensation valued at $4.4 million in 2007, according to a regulatory filing on Monday. via Canadian Business Magazine

“What the state does informally today is whenever a company in a town is considering moving, the first discussion is how to keep them in the town they're in”

Diageo North America did it. So did UST Inc. and Xerox Corp.

It has become common practice for large businesses in lower Fairfield County to relocate from one municipality to a neighboring one, sometimes with the help of taxpayer dollars.

Now some state lawmakers want to ensure the city or town that stands to lose a company is not only kept informed by the state about a potential move but also is granted a last opportunity to persuade the departing firm to reconsider.

The legislature's Commerce Committee yesterday passed a bill requiring the state Department of Economic and Community Development to notify town leaders when the state offers financial incentives to move a business to another Connecticut city or town. Read more

Smokeless tobacco and wine producer UST Inc. spent $320,000 in 2007 to lobby the federal government. via International Business Times

UST Inc. is the leading producer of moist smokeless tobacco products and dominates the premium sector of the domestic market. via Zacks Analyst Blog

" On the eve of this week's 50 bp Fed rate cut, Washington Mutual CEO Kerry Killinger told industry watchers at a Citigroup-sponsored financial services conference that his bank was banking on an increase in ... via The US Market Blog

' Goldman Sachs & Co. Nik Moodi - ' UBS Securities Christine Farkas - ' Merrill Lynch Erik Bloomquist - ' JP Morgan Securities Andrew Kieley - ' Deutsche Bank Ann Gurkin - ' Davenport & Co. via Seeking Alpha

UST Inc. said Thursday its fourth-quarter profit rose modestly, as the smokeless tobacco and wine producer recorded restructuring and antitrust litigation settlement charges. via Canadian Business Magazine

“A'; --Bank credit facility at 'A'; --Senior unsecured notes at 'A'; --Commercial paper (CP) at 'F1'. --Short-Term IDR at 'F1”

Fitch Ratings has affirmed the following ratings for UST Inc. : --Issuer Default Rating at 'A'; --Bank credit facility at 'A'; --Senior unsecured notes at 'A'; --Commercial paper at 'F1'. --Short-Term IDR at ... via Business Wire

Here are 7 trading ideas for today. This list comes directly from the TradingMarkets Stock Indicators page and is based upon our latest quantitative research. via TradingMarkets.com

UST Inc., which makes smokeless tobacco products and produces wine, said Wednesday it will focus on its new products, a share repurchase program and cost cutting in 2008, according to an Associated Press ... via CSP