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Latest Greensboro Stories

2011-01-10 14:32:00

Final Report on Contraband Presented to FDA Panel Today GREENSBORO, N.C., Jan. 10, 2010 /PRNewswire/ -- Under any reasonable assumptions, banning menthol cigarettes would create a substantial black market in the United States, substantially mitigating any decline in cigarette smoking and inspiring a "significant increase in organized crime activity," and potentially increasing youth access to cigarettes, according to an independent economic analysis submitted today to a Food and Drug...

2011-01-05 09:59:00

GREENSBORO, N.C., Jan. 5, 2011 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today announced the election of Dianne Neal Blixt to its Board of Directors, effective immediately. The Board is now comprised of eight members, seven of whom are non-executive independent Directors. Ms. Blixt will serve on the Company's Audit Committee. "We are delighted that Dianne has joined our Board. She brings extensive financial and strategic...

2010-12-15 09:00:00

GREENSBORO, N.C., Dec. 15, 2010 /PRNewswire/ -- Market America, an Internet marketing and product brokerage company, announced today that it has entered into an agreement to acquire the business of SHOP.COM, a pioneer in online comparison shopping, creating a powerful, new social shopping destination poised to challenge the Internet's leading shopping destinations. Financial terms of the transaction were not disclosed. MARKETAMERICA.COM and SHOP.COM will continue to operate as...

2010-12-14 16:37:00

GREENSBORO, N.C., Dec. 14, 2010 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today released the following statement regarding a Suffolk County Massachusetts jury that decided in favor of the plaintiff in the case of Evans v. Lorillard. "Lorillard respectfully disagrees with the jury's verdict and denies the plaintiff's claim that the company sampled to children or adults at Orchard Park in the early 1960's. The...

2010-12-05 00:13:27

Award-Winning bizhub MFPs to Support Extensive Printing Operations in Greensboro, NC from January 23-30, 2011 Ramsey, NJ (Vocus) December 3, 2010 Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), a leading provider of advanced imaging and networking technologies for the desktop to the print shop, today announced that the company is an official patron sponsor of the 2011 U.S. Figure Skating Championships. Taking place January 22-30, the 98th Annual U.S. Championships will be...

2010-11-18 14:20:00

GREENSBORO, N.C., Nov. 18, 2010 /PRNewswire/ -- A ban of menthol cigarettes would create a sizable black market with underground revenues that could easily reach into double digit billions of dollars a year, according to the findings of a new independent economic analysis commissioned by Lorillard, Inc. (NYSE: LO) that will be presented to a Food and Drug Administration committee today. Drawing on the experience of existing cigarette black markets in New York State and Canada, Compass...

2010-11-17 11:24:00

GREENSBORO, N.C., Nov. 17, 2010 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, announced today the declaration of a quarterly dividend on its common stock, in the amount of $1.125 per share, payable December 13, 2010 to stockholders of record as of December 1, 2010. About Lorillard, Inc. Lorillard, Inc. (NYSE: LO) is the third largest manufacturer of cigarettes in the United States. Founded in 1760, Lorillard is...

2010-11-04 15:05:00

GREENSBORO, N.C., Nov. 4, 2010 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today announced that Murray S. Kessler, President and Chief Executive Officer, and David H. Taylor, Chief Financial Officer, will participate in the Morgan Stanley Global Consumer & Retail Conference at The Roosevelt Hotel in New York City. Lorillard will present on Tuesday, November 16, 2010, at 10:55 A.M. Eastern. The presentation...

2010-10-26 15:00:00

GREENSBORO, N.C., Oct. 26 /PRNewswire-FirstCall/ -- Company Highlights: Revenue Increases 12% Year-Over-Year To A Record $285.8 Million GAAP Operating Income Grows To $42.4 Million, Or 14.8% Of Revenue, And GAAP Diluted EPS Equals $0.13 Non-GAAP Operating Income Increases To A Record $57.1 Million, Or 20% Of Revenue, And Non-GAAP Diluted EPS Is A Record $0.19 RFMD Generates A Record $56.1 Million In Quarterly Free Cash Flow RF Micro Devices, Inc. (Nasdaq GS: RFMD), a global...

2010-10-25 06:30:00

GREENSBORO, N.C., Oct. 25 /PRNewswire-FirstCall/ -- Lorillard, Inc. (NYSE: LO) announced today that 2010 third quarter net earnings rose 16.6% percent to $274 million and diluted earnings per share increased 26% to $1.81. This compared to $235 million or $1.44 per diluted share reported for the third quarter of 2009. Net sales increased $148 million, or 10.4%, to a record level of $1.567 billion for the third quarter of 2010, compared to $1.419 billion for the third quarter of 2009....