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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

Sep 22, 2004

Page

16

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.

Washington, D.C 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.

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.

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

Also Mentioned on This Page

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