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News and Articles on Vector Group Ltd. (VGR)
Investor Report: Fractured Condos May 16, 2009 New Valley LLC, a Miami-based subsidiary of Vector Group Ltd., a New York Stock Exchange-traded company, says it's got $250 million in cash ready to invest in South Florida fractured condos or in troubled rental projects. Vanessa Grout, vice president of acquisitions, told Realty Times that the situation has become so dire for some developers of prime condo projects this year that her firm sees "pivotal opportunities" right now to pick up high-quality, well-located condos at once-in-a-lifetime... (RealtyTimes)
NewVector Group announcing 2008 Q4 and annual results Mar 3, 2009 Miami-based Vector Group Ltd. on Tuesday announces its results for the fourth quarter and the full year of 2008. The company's Liggett Group subsidiary manufactures discount cigarette brands like Pyramid, Jade, and Eve as well as private-label brands at a plant in Mebane, N.C. Headquarters are in Research Triangle Park, also in North Carolina. (Florida Times-Union)
Altria Must Pay $8 Million in Florida Smokers Death Feb 19, 2009 The 8,000 cases pending in the state are split up among cigarette makers including Altria, Reynolds American Inc. and Vector Group Ltd. The cases are slated to be tried in courthouses across the state in coming months and years. The manufacturers complain that the practice of allowing Florida smokers to rely on factual findings produced by the original 1999 case doesnt pass constitutional muster. (Bloomberg)
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