|Day Low/High||51.76 / 52.15|
|52 Wk Low/High||46.42 / 55.84|
U.S. stock futures are tentatively rising as investors digest a big cable-TV deal and debate when the Federal Reserve will raise interest rates.
European stocks were back in positive territory on Wednesday, recovering from a three-day decline amid stronger-than-expected German consumer confidence and as deal momentum boosted individual stocks, including Imperial Tobacco.
European markets rebounded from Tuesday's selloff thanks to better-than-expected data and some strong corporate earnings.
Reynolds American (RAI) stock is down after announcing a $27.4 billion merger with Lorillard (LO).
Lorillard (LO) shares are up following a report saying that the company's merger with Reynolds American (RAI) was close to fruition.
The possibility of a Reynolds American (RAI), Lorillard (LO) merger increased following reports that Britain's Imperial Tobacco (ITYBY) plans to sell 30% of its assets.
Imperial Tobacco (ITYBY) is reportedly looking at a deal for assets likely to be divested from Reynolds American (RAI) and Lorillard (LO) if the two tobacco companies move forward with a proposed combination.
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The number of smokers worldwide will grow to 1.4 billion by 2020.
Lorillard, R.J. Reynolds and other tobacco makers sue the U.S. Food and Drug Administration, alleging that new graphic labeling rules are unconstitutional.
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Tobacco stocks are climbing, including Altria, Philip Morris and Reynolds.
'TheStreet' readers indicate that they're overwhelmingly bullish about the tobacco sector.