Tobacco industry fraud trial begins with $280 billion at stake
The federal racketeering case accuses major tobacco firms including Philip Morris, R J Reynolds, Brown & Williamson, British American Tobacco, Lorillard, Liggett, and others of a decades long scheme to mislead the public about smoking dangers. Justice Department lawyer Frank Marine outlined massive spending on industry fronts to counter science linking smoking to cancer. The government seeks a record 280 billion dollars, with openings spanning Tuesday and Wednesday.
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Justice Department
Frank Marine
Center For Tobacco Research
Center For Indoor
Tobacco Institute
Marine
Philip Morris USA Inc
Altria Group Inc
R.J. Reynolds Tobacco Co
Brown & Williamson Tobacco Co
British American Tobacco Ltd
Lorillard Tobacco Co
Liggett Group Inc
Counsel For Tobacco Research
U.S.A
The
Federal Reserve Hikes Fed Funds Rate by Quarter Point
The Federal Reserve Board increased the target for the federal funds rate by one quarter point on Tuesday. The move signals a tighter stance aimed at controlling inflation and steering the economy toward its policy goals.
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Federal Reserve Board
Fed raises rates for third time this year ahead of election
The Fed boosts the federal funds target from 1.50 to 1.75 percent signaling improving labor markets and economy. Banks raise prime lending from 4.50 to 4.75 percent, with analysts noting political and economic implications ahead of Election Day. Downward pressure on energy prices cited earlier is noted as easing.
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Washington, D.C
Federal Reserve
Fed
Alan Greenspan
Federal Open Market Committee
Wells Fargo
Sun- Trust Bank
Greenspan
Congress
Lynn Reaser
Banc of America Capital Management
Wall Street
Bush
John Kerry
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