Latest Maverick Stories

GREENSBORO, N.C., May 21, 2013 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, announced today that its Board of Directors amended the Company's existing $500 million share repurchase program to authorize an additional $500 million in repurchases, authorizing the Company to repurchase in the aggregate up to $1.0 billion of its outstanding common stock. The original $500 million share repurchase program was announced on...

GREENSBORO, N.C., May 14, 2013 /PRNewswire/ -- 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 $0.55 per share, payable on June 10, 2013 to stockholders of record as of May 31, 2013. About Lorillard, Inc. Lorillard, Inc. (NYSE: LO), through its Lorillard Tobacco Company subsidiary, is the third largest manufacturer of cigarettes in the United...

GREENSBORO, N.C., April 24, 2013 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO) announced today its results for the quarter ended March 31, 2013. First Quarter Highlights First quarter reported (GAAP) diluted earnings per share increased 50.9% versus last year to $0.86, including a $143 million MSA payment dispute settlement benefit that reduced the Company's first quarter tobacco settlement expense. First quarter adjusted (Non-GAAP) diluted earnings per share increased 13.8% versus...

GREENSBORO, N.C., April 10, 2013 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today announced that it will release first quarter 2013 results on Wednesday, April 24, 2013. A conference call for analysts and investors will begin at 9:00 a.m. Eastern Time on Wednesday, April 24, 2013, which will be hosted by Murray S. Kessler, Chairman, President and Chief Executive Officer, and David H. Taylor, Executive Vice...

GREENSBORO, N.C., March 8, 2013 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, announced today that the Company's Board of Directors approved a new share repurchase program, authorizing the Company to repurchase in the aggregate up to $500 million of its outstanding common stock, which is expected to be completed over the course of 2013. "Today's announcement that the Board has authorized a new share repurchase...

FORT LAUDERDALE, Fla., Feb. 19, 2013 /PRNewswire/ -- Melissa Mackenzie has been tapped for the new role of Senior Vice President Worldwide Acquisitions and Creative Development for South Florida-based movie distributor Maverick Entertainment Group (MEG). Ms. Mackenzie previously held the position of Senior V.P. Worldwide Marketing, and has been instrumental throughout the company's history in establishing MEG as a powerhouse indie distributor with high concept key art campaigns. Ms....

GREENSBORO, N.C., Feb. 13, 2013 /PRNewswire/ -- Fourth quarter reported (GAAP) diluted earnings per share (on a split adjusted basis) increased 3.9% versus last year to $0.80, and annual reported (GAAP) diluted earnings per share increased 5.6% to a record $2.81. Fourth quarter adjusted (Non-GAAP) diluted earnings per share (on a split adjusted basis) increased 8.2% versus last year to $0.79, and annual adjusted (Non-GAAP) earnings per share increased 7.2% to a record $2.82. Net...

SANDUSKY, Ohio, Jan. 31, 2013 /PRNewswire/ -- As Cedar Point's newest world-record-breaking roller coaster, GateKeeper, emerges along the Lake Erie shoreline, it is generating excitement across the globe and anticipation for its May 11(th) debut. But the strongest impact is felt throughout Ohio, where it has brought business to local companies during the winter months when construction work usually comes to a halt. "We are proud to find the highly-skilled engineers and workers...

GREENSBORO, N.C., Jan. 29, 2013 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, today announced that it will release fourth quarter and full year 2012 results on Wednesday, February 13, 2013. A conference call for analysts and investors will begin at 9:00 a.m. Eastern Time on Wednesday, February 13, 2013, which will be hosted by Murray S. Kessler, Chairman, President and Chief Executive Officer, and David H. Taylor,...

GREENSBORO, N.C., Dec. 18, 2012 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, announced today that its wholly-owned subsidiary, Lorillard Tobacco Company, along with other participating manufacturers, has agreed to a term sheet with 17 states and the District of Columbia and Puerto Rico that resolves disputes under the 1998 Master Settlement Agreement (MSA) involving payment adjustments relating to nonparticipating...