Cost cuts, a tax benefit and better product mix helped Reynolds American push its first-quarter earnings up almost 23% even as the cigarette giant posted flat revenue and yet another volume decline. Before the start of trading Thursday, Reynolds said that it earned $345 million, or $2.34 a share — up from $281 million, or
Read moreApril 27, 2006 - A giant 12-foot rat, a highly-visible symbol against corporate greed, came down at Berkley Honda in Berkley, California after striking auto technicians of IAM Local 1546 won a new contract and voted by a wide margin to approve it. The new five-year deal guarantees some of the highest wages in the
Read moreBerkeley Honda Strike Ends, Giant Rat Wins A giant 12-foot rat, a highly-visible symbol against corporate greed, came down at Berkley Honda in Berkley, California after striking auto technicians of IAM Local 1546 won a new contract and voted by a wide margin to approve it. The new five-year deal guarantees some of the highest
Read moreA Union For Everyone The current organizing campaign at Reynolds American has implications beyond Winston-Salem. Reynolds is controlled by British American Tobacco (BAT), one of the largest tobacco companies in the world. BAT is very familiar with unions. The Company has worked with them throughout the world, as almost all of
Read moreReynolds American Inc. (RAI) disclosed Monday that a congressional committee approved a $65 million tax refund, including interest. The Congressional Joint Committee on Taxation’s approval finalizes the Internal Revenue Service’s audit of Reynolds American’s tax returns for 1997 to 2000. According to Reynolds American, the refund will be recorded as an extraordinary gain in the
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