Florida tobacco verdict seen as potential but not fatal to firms
Lawyers argued the award could bankrupt firms, while legislators capped appeal bonds at 100 million dollars. Philip Morris, R J Reynolds, Liggett and others face a multi hundred million to several billion possible payout. Analysts say the industry can raise prices or borrow against brands, and investors moved stocks modestly on the news.
MENTIONED IN THIS ARTICLE
Tobacco Company
Florida
Martin Feldman
Salomon Smith Barney
William Ohlemeyer
Philip Morris Inc
Philip Morris
R.J. Tobacco Co
Liggett Group Inc
Council For Tobacco
United States
RJR
New York Stock Exchange
Vector Group Ltd
Liggett
Loews Corp
Lorillard Tobacco
NYSE
Welch to Receive Record Advance for GE Chief Memoir
New York reports Jack Welch will be paid a 7.1 million dollar advance by Time Warner Trade Publishing for a memoir due next year as he retires from GE. The payout is described as possibly the largest nonfiction book advance ever, with Welch planning to donate the sum to charity.
MENTIONED IN THIS ARTICLE
New York
Jack Welch
America
General Electric
Welch
Time Warner Trade Publishing
Major book advances and a nuclear threat foundation
Time Warner Trade Publishing may need 1.6 million copies to recoup its advance for North American rights with overseas rights likely higher. A 1995 Powell autobiography fetched about 6 million from Random House. In Atlanta, Ted Turner and former Sen. Sam Nunn launch a nuclear threat foundation, funding a study to assess private sector impact, with Turner contributing about 500000.
MENTIONED IN THIS ARTICLE
Time Warner Trade Publishing
Random House
Colin Powell
Atlanta
Ted Turner
Turner
Sam Nunn
Cable News Network
Time Warner
Maura Donlan
Nunn
Charles B. Curtis
Senate Armed Services Committee
Senate
Nuclear Threat Foundation
Tobacco companies face record punitive damages in class action
The Florida smokers class action resulted in a punitive damages verdict totaling 76.5 billion against five tobacco firms. R J Reynolds must pay 36.28 billion, Brown & Williamson 17.59 billion, Lorillard 16.25 billion, and Liggett 790 million. Jury calls it a message while some wired commentators condemn the size as unrealistic. The case follows a 1999 finding that the industry makes a deadly product with 430,000 annual U.S. deaths.
MENTIONED IN THIS ARTICLE
R.J. Reynolds
Brown & Williamson
Lorillard Tobacco
Liggett Group Inc
Robert Kaye
Frank Amedeo
Florida
Mary Farnan
North
Angie Della Vecchia
Jorge Lang
Lang
US Chamber of Commerce
Bruce Josten
Chamber
Hawaii
Philippines
Ferdinand Marcos
General Motors
California
Andrews to Host Envirocare Waste Processing Plan
The plan seeks health department permits to treat mixed and chemical radioactive waste from nuclear plants. Officials expect permitting within the year, with construction to start after approval. Residents see economic benefit, while experts say Waste Control Specialists would handle storage before disposal at Utah or Texas facilities.
MENTIONED IN THIS ARTICLE
Department of Health
Envirocare
Jacobi
Department of Energy
Judd
Health-Department
Andrews
Pete Franciscal Geneeeee
Francis
Eric Peus
WCS
Odessa
Utah
Austin
Waco raid panel rules excessive force not negligent
The panel found no negligence by Waco authorities in violating a pre approved plan as tanks entered the compound. FBI Director Louis Freeh lauded the jury’s findings while noting the burden lifted from federal officers. The civil trial drew mixed views from survivors and supporters of Branch Davidians amid memories of the 1993 siege and fiery end.
MENTIONED IN THIS ARTICLE
FBI
Louis Freeh
Branch Davidians
ATF
Pipeline blast in Nigeria kills dozens as villagers scooped gasoline
Nigerian pipeline explosion near Adeje left 30 to 40 villagers missing and officials warning of a high death toll. Witnesses reported as many as 250 dead with many buried in shallow graves amid fear of police crackdown. Red Cross teams treated the injured while authorities urged victims to seek care.
MENTIONED IN THIS ARTICLE
Nigeria
Nigerian Red Cross
Niger
James Ibori
Michael Con Foo Oed
Akpere
United State
Texas Lottery and Miscellany From A Fragmented Page
The readable lines include TEXAS MILLION numbers and CASH 5 as well as PICK 3 data from Friday July 14. Disjoint trivia on animal and military topics appears, with a Confucius quote and a note about L. M. Boyd contact details from Seattle, indicating a collage of column items and lottery results.
Odessa American Readers' Guide and Delivery Rates Notice
Classified and contact details for the Odessa American. Includes switchboard numbers, editor names, advertising and circulation contacts, and delivery rate tables for daily, Sunday, weekend, and 3 month periods. Ends with a note about permission from the Odessa newspaper.
MENTIONED IN THIS ARTICLE
OAOA
Imo
Odessa
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Suits Dog Rapper
Los Angeles
Snoop Doggy Dogg
Snoop Dogg
Francisco Rodriguez
Calvin Broadus
Hayes Michael
Rodriguez
Rapper
Liz Stottlemyre
Waco
Doyle
Jan Diltz
John Danforth
Janet Reno
Danforth
Red Cross
Attah Benson
Adeje
Mereje
Vincent Oziga
Texas Lottery
Texas
L. M. Boyd
Napoleon
Confucius
Northern Hemisphere
L.M. Boyd
Seattle
Famerican
Readers
Freedom.com
WwWwW.oapa.cor
Cess
Tammye Mineo
Bill Mills
Frances Irvine
Classinicp
Epon
Puoro Epon
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