Source: www.apply-best-credit-card.com
Author: staff

Executives of cigarette maker Lorillard Inc. are scheduled to speak to investors Tuesday at the Morgan Stanley Global Consumer & Retail Conference. Chief Executive Martin L. Orlowsky and Chief Financial Officer David H. Taylor are scheduled to speak at 10:30 a.m. EST. Greensboro, N.C.-based Lorillard sells Newport, Kent and Old Gold cigarettes.

The company was spun off from Loews Corp. in June, a move that may have made it a more attractive acquisition target. The tobacco industry has been consolidating, with U.S. sellers becoming more aggressive about smokeless products such as moist smokeless, chewing tobacco and snus. Snus is a teabag-like pouch users stick between their cheek and gum.

Altria Group Inc., which owns Marlboro maker Philip Morris USA, is expected to close on its acquisition of smokeless tobacco leader UST Inc. by the first week of January. Reynolds American Inc. owns the Conwood business and sells moist snuff under the Grizzly brand.