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Latest Michael E. Szymanczyk Stories

2008-09-12 03:00:18

With Americans smoking less, the nation's top cigarette maker is planning to go smokeless in a big way. In a move long-anticipated by industry observers, Altria Group Inc., parent company of Marlboro- maker Philip Morris USA, said yesterday it has agreed to pay $10.4 billion to acquire Stamford, Conn.-based UST Inc., the top manufacturer of moist smokeless tobacco. The deal, if approved by UST shareholders and federal regulators, will add a growing category of tobacco products to Henrico...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'karpos', fruit.
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