Posts Tagged Corporate news

Fla. jury slams RJ Reynolds with $23.6B in damages

In this Feb. 6, 2008 photo, a smokestack of an old R.J. Reynolds Tobacco plant frames the Reynolds American building in Winston-Salem, N.C., A Florida jury has slammed R.J. Reynolds Tobacco Co. with $23.6 billion in punitive damages in a lawsuit filed by Cynthia Robinson, the widow of a longtime smoker who died of lung cancer in 1996.  The damages the jury awarded to Robinson on Friday, July 18, 2014, after a four-week trial come in addition to $16.8 million in compensatory damages.  (AP Photo/Chuck Burton)

MIAMI (AP) — A Florida jury has slammed the nation’s No. 2 cigarette maker, R.J. Reynolds Tobacco Co., with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.

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US stock futures edge up as companies post results

Trader Dudley Devine, center, works on the floor of the New York Stock Exchange, Friday, July 18, 2014. U.S. stocks are opening higher after Google, Honeywell and other big companies report their quarterly results. (AP Photo/Richard Drew)

Investors jumped on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days.

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Correction: Apple-Board story

SAN FRANCISCO (AP) — In a story July 17 about the retirement of longtime Apple Inc. director Bill Campbell, The Associated Press reported erroneously that late Apple CEO Steve Jobs had battled prostate cancer. Jobs was diagnosed with pancreatic cancer.

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Governor appoints insurance exchange board member

SANTA FE, N.M. (AP) — The leader of New Mexico’s largest commercial health insurer has been named to a board governing the state’s health insurance exchange.

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Microsoft’s 3Q earnings grow 31 pct; stock falls

In this Jan. 5, 2011 file photo, Microsoft chief executive officer Steve Ballmer gives his Keynote speech for the Consumer Electronics Show, in Las Vegas. Microsoft reports quarterly earnings Thursday, April 28, 2011, after the market close.(AP Photo/Julie Jacobson, file)

Microsoft Corp.’s latest quarterly earnings rose 31 percent even as sales of its Windows operating system sagged.

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