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NEWS
December 23, 1998 | ALISSA J. RUBIN and HENRY WEINSTEIN, TIMES STAFF WRITERS
In what Justice Department officials describe as the first conviction of its kind, an affiliate of a major U.S. cigarette company pleaded guilty Tuesday to avoiding cigarette sales taxes and aiding an operation that smuggled cigarettes into Canada. The plea by Northern Brands, Inc., an affiliate of RJR Nabisco's international tobacco unit, came after an intense four-year federal investigation. The company was based in Winston-Salem, N.C., as is RJR Nabisco.
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BUSINESS
September 2, 1992 | From Times Staff and Wire Reports
General Mills to Buy RJR Nabisco Cereals: General Mills Inc. said it will buy RJR Nabisco Inc.'s ready-to-eat cereal business, which includes the Shredded Wheat brand, for $450 million. The Nabisco cold cereal line also includes Spoon-Size Shredded Wheat and Shreddies. Among General Mills' cereals are Cheerios, Wheaties, Total, Trix and Cocoa Puffs.
BUSINESS
September 30, 1998 | From Reuters
RJR Nabisco Holdings Corp. and Goodyear Tire & Rubber Co. on Tuesday joined a long list of large companies issuing profit warnings. RJR, the New York-based food and tobacco conglomerate, said its third-quarter profit would fall 20% to 23% short of Wall Street expectations because of depressed market conditions in Russia and elsewhere. In its announcement after the close of trading, RJR said it expects third-quarter earnings to range between 46 cents and 48 cents per fully diluted share.
BUSINESS
June 21, 1990 | From Reuters
Sixteen months after the biggest leveraged buyout in U.S. corporate history, RJR Nabisco Inc. is asking its four major bank lenders to help refinance part of the $25 billion spent to take the company private last year, the company said Wednesday. Banking sources said the refinancing would total $5.3 billion and involve RJR's worst-performing junk bonds.
BUSINESS
September 23, 1993 | From Times Staff and Wire Reports
S&P May Cut RJR Nabisco Rating: Standard & Poor's Corp. cited fierce competition in the tobacco industry in announcing the possible downgrades for the debt ratings of RJR Nabisco Holdings Corp. and its RJR Nabisco Inc. At the same time, S&P said it affirmed its ratings on other tobacco firms, including archrival Philip Morris Cos. Despite RJR's efforts to strengthen its balance sheet since its 1988 leveraged buyout, S&P said, aggressive U.S.
BUSINESS
May 14, 1998 | From Associated Press
RJR Nabisco Holdings Chairman Steven Goldstone, who led tobacco companies last month when they withdrew from a national tobacco settlement, indicated Wednesday that negotiations should not be abandoned. Addressing about 200 shareholders in Winston-Salem, the headquarters of subsidiary R.J. Reynolds Tobacco Co., Goldstone said he had received letters from some of them urging him to give up any attempt to reach a settlement. "They want us to go back to the war of the last 40 years," he said.
NEWS
April 9, 1998 | ALISSA J. RUBIN and MYRON LEVIN, TIMES STAFF WRITERS
Beleaguered tobacco companies went on the offensive Wednesday, raising the specter of a bankrupt industry and a thriving black market in cigarettes if tough tobacco control legislation becomes law. After months of fruitless behind-the-scenes lobbying by the industry, Steven Goldstone, CEO of tobacco giant RJR Nabisco, came out swinging at the Clinton administration and Congress.
BUSINESS
November 5, 1996 | From Associated Press
Financier Carl Icahn is banging on RJR Nabisco's door once again, running a rival slate for the tobacco company's board and pushing for a quick spinoff of its Nabisco food interests. The list of nominees is headed by Thomas Rattigan, onetime chairman of G. Heileman Brewing Co. Icahn, who has 7.3% of RJR Nabisco's stock and is the largest single shareholder, is not among the nominees. RJR called Icahn a corporate raider who "has hired a slate of people to be nominees."
BUSINESS
October 22, 1996 | From Times Wire Services
RJR Nabisco Holdings Corp. said Monday that its third-quarter earnings rose only slightly as slumping U.S. cigarette sales offset higher international sales. The New York-based maker of Camel and Winston cigarettes, Oreo cookies and Ritz crackers said profit from operations rose to $233 million, or 68 cents a share, from $232 million, or 61 cents, a year earlier. The company had been expected to earn 69 cents a share, based on the average estimate of analysts surveyed by First Call.
BUSINESS
June 25, 1996 | From Associated Press
Nabisco Holdings Corp., maker of snack mainstays such as Oreo cookies and Ritz crackers, moved Monday to cut nearly 8% of its work force in a restructuring that reflects increased competition among food companies. The subsidiary of food and tobacco conglomerate RJR Nabisco Inc. said it is making changes that will cut its overhead by about $200 million a year and "accelerate strong, sustainable earnings growth into the next century."
BUSINESS
March 14, 1995 | Times Staff and Wire Reports
Gerstner Collects $12 Million for '94: IBM paid its chief executive $4.6 million in salary and bonuses last year and another $7.75 million to compensate for the sale of stock in his former company, RJR Nabisco Inc. The disclosure was made in IBM's annual proxy statement to shareholders. Louis V. Gerstner Jr. received a $2-million salary and $2.6 million in bonuses from the world's largest computer company.
CALIFORNIA | LOCAL
December 10, 1994 | DIANE SEO, TIMES STAFF WRITER
Six prominent Latino and labor organizations voiced opposition Friday to a planned boycott of Walt Disney Co. and RJR Nabisco over their financial support for Gov. Pete Wilson and other pro-Proposition 187 candidates. Boycott opponents convened at the main entrance to Disneyland, where they announced they would devote their energies to promoting U.S. citizenship among Latinos rather than bad-mouthing corporate giants.
NEWS
December 10, 1994 | DIANE SEO, TIMES STAFF WRITER
Six Latino and labor organizations voiced opposition Friday to a planned boycott of Walt Disney Co. and RJR Nabisco over their financial support of Gov. Pete Wilson and other pro-Proposition 187 candidates The groups convened at the main entrance to Disneyland, where they announced that they would devote their energies to promoting citizenship among Latinos rather than attacking corporate giants.
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