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U.S. court hands partial win to tobacco firms over judge-ordered disclosures

WASHINGTON, May 22- A U.S. federal appeals court on Friday ruled that tobacco companies cannot be forced to announce publicly that they deliberately deceived the public over the health risks of cigarettes. The U.S. Court of Appeals for the District of Columbia Circuit ruled against the manufacturers on several other issues as it considered a long-running...
Source: Reuters | By: Lawrence Hurley
Tobacco firms get partial win over claims on smoking effects

WASHINGTON- America's largest tobacco companies must inform consumers that cigarettes were designed to increase addiction, but not that they lied to the public about the dangers of smoking, a federal appeals court ruled on Friday. The ruling from the U.S. Court of Appeals for the District of Columbia Circuit is a partial win for cigarette makers in the...
Source: The Associated Press
UPDATE 1-Reynolds American close to getting FTC approval for Lorillard deal - WSJ

May 21- Camel cigarette brand owner Reynolds American Inc's planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. While Reynolds American and the U.S. Federal Trade Commission declined to comment, Lorillard was not immediately available. Reynolds, which will get...
Source: Reuters
Boy Scouts head calls for end on gay leader ban

Robert Gates, a former Secretary of Defense and president of Boy Scouts, called for an end to the ban on gay troop leaders, USA Today reports.
Source: USA Today | By: John Bacon
Missouri lawmakers pass multiple tax code changes

JEFFERSON CITY, Mo.- The Missouri Legislature's tumultuous final week prevented action on some omnibus tax legislation. Several smaller measures received final approval or were sent to the governor, though, before action in the Senate ground to a halt after a vote on a contentious right-to-work bill. Requires the Department of Revenue to notify sellers of...
Source: The Associated Press | By: By The Associated Press
Missouri fines Aetna for paying for uninsured abortions

JEFFERSON CITY, Mo.- Missouri Gov. Jay Nixon announced Tuesday that insurer Aetna has agreed to pay $4.5 million for violations of state law that included paying for elective abortions when the women were not eligible under their policies, marking the largest insurance penalty in state history. Hutchings said Aetna is reviewing claims of those potentially...
Source: The Associated Press
Cramer's trick to making a fortune  

Mad Money host Jim Cramer shares his best ideas in retail.
Source: CNBC.com
Philip Morris urges Illinois court to toss $10 bln smokers' verdict

The award was first made in 2003 for a class of 1.4 million Illinois smokers, but it was struck down by the Illinois Supreme Court in 2005. A lower Illinois court revived the verdict last year. Former Illinois governor Jim Thompson, arguing for Philip Morris, a unit of Altria Group Inc, said the Supreme Court's 2005 ruling should stand. Richmond, Virginia- based...
Source: Reuters | By: Brendan Pierson
Illinois Supreme Court hears $10B Phillip Morris appeal

CHICAGO- The fate of a $10.1 billion class-action judgment against the nation's largest cigarette maker is in the hands of justices at the Illinois Supreme Court, who heard oral arguments Tuesday in Phillip Morris USA's appeal to have the on-again, off-again verdict struck down. The initial Madison County trial ended in 2003 with the multibillion dollar...
Source: The Associated Press
India stocks cool down  

Some are questioning India's Prime Minister Narendra Modi's motives in regards to the market there. CNBC's Seema Mody reports on Modi's progress since coming into office.
Source: CNBC.com