Daily Archives: April 24, 2013

Tobacco Company Reynolds American

Reynolds American Inc. said Tuesday that its first-quarter net income jumped 88 percent as higher prices and lower the cost of long-standing legal settlement offset declining cigarette sales.
The second-largest tobacco company is the nation earned $ 508 million, or 92 cents a share, for the quarter ended March 31, compared with $ 270 million, or 47 cents a share, a year ago.